Techsci: head-up display market to grow at CAGR of over 20% through to 2021

The TechSci Research report, Global Head-up Display Market By Technology, By Component, By End User, Competition Forecast and Opportunities, 2011 - 2021, forecasts that the global head-up display market is projected to grow at a CAGR of over 20% from 2016 to 2021. Head-up displays refer to technology that enables data to be projected onto a screen in a vehicle in such a way that the user does not need to lower the eyes to view it.

According to the research-based global management consulting firm, growing military spending and rising adoption of latest technology by civil aviation and automotive sectors are anticipated to propel growth in the global head-up display market in coming years. Rising safety concerns are further driving demand for head-up displays from the automotive sector. The number of road traffic deaths across the globe increased from 1.2 million in 2010 to 1.33 million in 2014. Additionally, growing technological advancements are helping head-up display manufacturers to reduce prices and sustain stiff competition in the global market. Consumer segments such as gaming, sports and infotainment are also driving demand for head-up displays.

The Asia-Pacific is projected to demonstrate the fastest growth in the global head-up display market due to increasing demand from the automotive segment and rising per-capita income levels. The major end-user sectors for the market are defense, automotive and civil aviation. Continuously growing fleet size of helicopters, land vehicles, airplanes, etc., is driving demand for head-up displays from the defense sector. Demand for head-up displays from the automotive sector is forecast to witness robust growth over the next five years due to their rising integration in luxury cars. Moreover, launch of low cost head-up displays is anticipated to further fuel adoption of these devices from low and medium range cars.

“Head-up displays integrated with high resolution projection and enhanced picture quality technologies, and other advanced technologies such as 3D holographic projection technology are anticipated to propel growth in global head-up display market during 2016 to 2021. Another innovation in head-up displays are augmented reality based head-up displays that display speed or turn-by-turn directions on the windshield. Rising focus of manufacturers on technological advancements in head-up displays in line with the demands of various end user industries is projected to boost growth in the global head-up display market in the coming years.” said Karan Chechi, Research Director, TechSci Research.

Interested?

Buy the TechSci Research Global Head-up Display, By Technology, By Component, By End User Market Forecast & Opportunities, 2011 – 2021 report (December 2016)