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Global Heads-Up Display (HUD) Market 2020-2024 | Increasing Demand From Commercial Aircraft to Boost Market Growth | Technavio

February 12, 2020 GMT
Global Heads-Up Display (HUD) Market 2020-2024 | Increasing Demand From Commercial Aircraft to Boost Market Growth | Technavio
Global Heads-Up Display (HUD) Market 2020-2024 | Increasing Demand From Commercial Aircraft to Boost Market Growth | Technavio

LONDON--(BUSINESS WIRE)--Feb 12, 2020--

The heads-up display (HUD) market is expected to grow by USD 2.18 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report

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Technavio has published a new market research report on the heads-up display (HUD) market from 2020-2024. (Graphic: Business Wire)

The demand for air travel is likely to double over the next two decades, mainly driven by countries such as China, India, Indonesia, Russia, and the US. The year-over-year increase in air traffic has essentialized the induction of new aircraft, encouraging automotive OEMs to invest in capacity augmentation. HUDs help pilots during takeoff and landing in uncertain environmental conditions such as foggy weather. Moreover, most aviation administrations around the world have mandates on the use of enhanced flight vision systems to reduce accidents and increase passenger safety. As the aviation industry has in the past accounted for a major share of the HUD market, an increase in the orders for new-generation aircraft will also drive the growth of the HUD market.

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As per Technavio, the advances in AR HUD will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Heads-Up Display (HUD) Market : Advances in AR HUD

AR HUDs generate a comprehensive view for the driver, which is a combination of the real scene viewed by end-users and an augmented, computer-generated virtual scene with additional information. AR HUDs allow a wide field of view, which enhances driver assistance systems such as blind spot detection, upcoming lane change, and exit directions. Camera, LiDAR-based sensors, GPS modules, and Wi-Fi are the essential building blocks required to manufacture AR HUD. WayRay SA, Continental AG, Denso Corp., and DigiLens Inc., are some of the vendors that manufacture AR HUDs. Moreover, vendors are collaborating with peer companies to improve product features. For instance, in October 2018, Continental AG launched a full-color demonstrator of an automotive-specific AR HUD that is based on waveguide technology. Thus, advances in AR HUD are expected to drive the growth of the market.

“Factors such as the growing focus on development of autonomous vehicles, and the development of electric aircrafts will have a positive impact on the growth of the heads-up display (HUD) market during the forecast period,” says a senior analyst at Technavio.

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Heads-Up Display (HUD) Market: Segmentation Analysis

This market research report segments the heads-up display (HUD) market by end-user (aviation, automotive and others), and geography (APAC, Europe, MEA, North America and South America).

The European region led the heads-up display (HUD) market in 2019, followed by APAC, North America, MEA and South America. During the forecast period, the European region is expected to register the highest incremental growth due to factors such as the rising penetration of HUDs in the commercial vehicle segment and increasing investments in aircraft manufacturing facilities.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Some of the key topics covered in the report include:

End-user

Geographic segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

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PUB: 02/12/2020 03:00 PM/DISC: 02/12/2020 03:01 PM

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