Mar 24, 2022   SOURCE: BusinessWire

Global Head-Up Display Market (2022 to 2027) - Emergence of Screen-Less Displays Presents Opportunities - ResearchAndMarkets.com

The "Global Head-up Display Market" report has been added to ResearchAndMarkets.com's offering.

The global head-up display market size is valued at USD 2.4 billion in 2022 and is anticipated to be USD 6.4 billion by 2027; growing at a CAGR of 21.3% from 2022 to 2027.

The growing demand of factors such as combination of satellite navigation technology and head-up display is expected to grow the market at estimated rate.

The combination of satellite navigation technology and head-up displays is driving the growth of the head-up display market for automotive applications. This combination enables the projection of navigational information related to vehicles directly on their windshields, thereby enabling drivers to remain focused on driving, as well as allowing them to easily follow the navigation instructions displayed on the windshields.

Additionally, this combination uses gesture control and voice recognition systems to help drivers access Google maps, receive phone calls, and perform several other tasks. Drivers can monitor the speed of their vehicles, as well as other information such as tire pressure and fuel level using these displays. Head-up displays equipped with satellite navigation technology enable the adjustment of the brightness level of displays during the night and daytime, as well as display images in more than one color.

Growing demand for improvement of in-vehicle experience to drive the growth of cloud data center

HUDs in vehicles have been able to enhance the overall driving experience by providing more information to the driver and eliminating the chaos of switches and knobs. The HUD is mounted in front of the driver between the windshield and the DIM. It has a resolution of 480x320 pixels (width, height) with adjustable height settings (to suit all users) and brightness settings. It is perceived as floating in the air two meters in front of the car on the driver's side and has the same size as a 10-inch tablet device. It consists of several components that together make it possible to project an image in front of the driver. An LCD display projects an image on a mirror that reflects the image on the windscreen. There are different types of projectors that generate the HUD picture on the windshield.

North America is the fastest-growing region in the data center accelerator market

The head-up display market in North America is anticipated to register the highest CAGR of 26.5% between 2022 and 2027. The US, Canada, and Mexico are key contributors to the growth of the head-up display market in North America. The market in this region has witnessed significant advancements in the past few years in terms of technological advancements in vehicles. Some of the key factors driving the growth of the head-up display market in North America are the increased awareness about active safety systems deployed in automobiles and aircraft during their manufacturing and a rise in demand for premium and luxury cars equipped with head-up displays.

Market Dynamics

Drivers

  • Increasing Awareness About Passenger and Vehicle Safety
  • Enhanced Convenience Offered by Combination of Satellite Navigation Technology and Head-Up Displays
  • Growing Demand for Improvement of In-Vehicle Experience
  • Growing Demand for Connected Vehicles Across the World
  • Increasing Demand for Technologically Advanced Head-Up Displays
  • Growing Adoption of Ar-Based Head-Up Displays

Restraints

  • Space Constraints in Automotive Cockpits
  • High Luminance, Power, and Brightness Requirements of Head-Up Displays
  • Incorrect Interpretation of Symbols Used in Head-Up Displays

Opportunities

  • Growing Demand for Semi-Autonomous and Electric Vehicles
  • Emergence of Screen-Less Displays
  • Enhanced Driving Experience Offered by Ar-Based Head-Up Displays
  • Introduction of Portable Huds at Lower Prices in Low and Middle Car Segments

Challenges

  • Impact of COVID-19 on Supply Chains and Global Chip Shortage
  • High Costs of Advanced Head-Up Displays
  • Availability of Laser-Based Volumetric Displays as Alternatives to Head-Up Displays

Companies Mentioned

  • Alps Alpine
  • Bae Systems
  • Bosch
  • Collins Aerospace
  • Continental
  • Denso Corporation
  • Elbit Systems
  • Envisics
  • Garmin
  • Honeywell Aerospace
  • Hudway
  • I4Drive
  • Microvision
  • Nippon Seiki
  • Panasonic
  • Pioneer Corporation
  • Renesas Electronics
  • Saab Ab
  • STMicroelectronics
  • Texas Instruments
  • Thales Group
  • Transdigm Group
  • Visteon Corporation
  • WayRay
  • Yazaki Corporation

For more information about this report visit https://www.researchandmarkets.com/r/rhqxk3.