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Global Head-Up Display Market Report

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Last week, an article on Global LEDs/OLEDs discusses the global head-up display (HUD) market, as it has been analysed by Transparency Market Research in their recent report.

Significant points in the article include:

  • It is predicted that the global HUD market will increase at a compound annual growth rate (CAGR) of 19.1% between 2015 and 2022
  • In 2014, the global HUD market was valued at $1.76 billion; this is expected to increase to $7.05 billion by the end of 2022
  • By application, the market is divided into aviation, automotive, and others
  • In 2014, the aviation segment accounted for over 79% of the total demand for HUDs; however, the automotive segment is predicted to grow most quickly during the forecast period
  • Currently, HUDs are integrated in premium cars and sports cars, although it is yet to be incorporated into mid-range cars
  • HUDs have been integrated in military aircrafts for many decades, but have recently been introduced to helicopters and civil aircrafts
  • Market drivers include: increased demand for active safety systems in aircrafts and automotive, technological developments of Augmented Reality in HUDs, high military modernisation, and increased luxury car industry
  • Limitations of the market include: the high cost incurred on producing HUDs,
  • In 2014, North America was the largest market for HUD; the region has many driving factors for the HUD market
  • Europe was the second-largest HUD market in 2014 due to the involvement of luxury car manufacturers such as BMW AG, Audi, and Mercedes Benz
  • The Asia Pacific HUD market is predicted to have the highest CAGR from 2015 to 2022 (19.4%) due to  increased demand for high-end cars

Key players in the global HUD market include:

  • BAE Systems PLC
  • Rockwell Collins Inc.
  • Thales Group
  • Delphi Automotive PLC
  • Yazaki Corporation
  • Microvision Inc.