According to the
International Air Transport Association (IATA), approximately 39,000 aircraft
will be produced by 2027, out of which 17,000 will utilize the latest
technology.[1] Aircraft
are nowadays equipped with head-up displays, which help pilots by displaying
valuable and critical information pertaining to navigation and forward field
view. The increase in the production of aircraft across the globe will boost
the head-up display or HUD market, which is poised to attain a lucrative
valuation of $2,327.6m by the end of 2024, growing at a profitable CAGR of
15.34% according to a latest market intelligence report by IndustryARC.
The HUD market research
report titled, “Head-Up Display (HUD) Market: By Technology (CRT, LED, Micro
Electro-Mechanical System, Optical Waveguide); By Level; By Components (Video
Generator, Projector, Display Units, S/W, Combiner); By Application (Aviation,
Automotive); By Geography - Forecast (2018-2024),” contains information about
all the application segments of the HUD market along with the facts, figures,
and statistics that will provide a clear idea about the dynamics of the market
during the forecast period. Furthermore, it contains geographical analysis,
which will provide a peek into the growth prospects in each region. The HUD
market research report has also provides an analysis of the challenges, trends,
and opportunities that will affect the industry in the upcoming years.
Head-Up Display Market:
Geographical Analysis & Leading Segments
Europe had the maximum
HUD market revenue of $377.2 million as of 2017. This was due to the booming
automotive and aerospace industries in the U.K. and Germany. Automotive
companies such as BMW, Mercedes, and Audi have created a substantial fraction
of demand influx in the Europe HUD market. Furthermore, Italy is witnessing
growth with deployment of technologically advanced products and a significant
reduction in the prices of HUDs, which is fueling the HUD market in the region.
The key application
segment in the HUD market is found to be the automotive industry. This is
attributable to the fact that vehicles are nowadays equipped with HUDs as they
provide drivers information on a transparent display in such a way that their
focus remains on the road. According to the International Organization of Motor
Vehicles Manufacturers, 97.3 million vehicles were produced in 2017.[2] Furthermore,
the production of vehicles will increase with the advent of electric
vehicles, self-driving
trucks, and semi-autonomous
and autonomous vehicles.
The increasing production of vehicles worldwide will create further demand for
HUDs in the automotive industry.
Head-Up Display Market:
Trends and Growth Drivers
· The Surge in
Production or Import of Aircraft –
Developing economies are emphasizing on
strengthening their defense with advanced military aircraft. This will further
increase the production of aircraft, which will support the HUD market during
the forecast period. For instance, India is poised to become the third largest
aviation market globally by 2020. Furthermore, government agencies have
projected requirement of 250 brownfield and green-field airports, according to
Invest India, a government organization.[3] The
requirement generated from the augmenting number of passengers will also lead
to a demand for more aircraft, which will further support the HUD market in
India.
· Micro Electro
Mechanical System to Witness Growth –
By technology, micro electro mechanical system
equipped HUDs will observe substantial CAGR of 17.06% through 2024. This is
because these systems are reliable and entail low investment for production.
Furthermore, they are of miniature size, which will attract manufacturers to
use the technology more during the forecast period.
Head-Up Display Market:
Competitive Landscape
Some of the key
companies, identified in the HUD market intelligence report, that are striving
to capitalize on the customer-base are BAE Systems, Continental AG, Denso
Corp., Nippon Seiki, Rockwell Collins, Thales Group, and others.
Talk to one of our sales
representatives about the full report by providing your details in the link
below:
https://www.industryarc.com/support.php?id=15630
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What
can you expect from the report?
The head-up display (HUD)
market report is prepared with the main agenda to cover the
following 20 points:
1. Market Size by
Product Categories & Application
11. Demand Analysis (Revenue & Volume)
2. Market trends &
Relevant Market
Data
12. Country level
Analysis
3. Manufacturer
Landscape
13. Competitor
Analysis
4. Distributor Landscape
14. Market
Shares Analysis
5. Pricing Analysis
15. Value
Chain Analysis
6. Top 10 End user
Analysis
16. Supply
Chain Analysis
7. Product Benchmarking
17. Strategic
Analysis
8. Product Developments
18. Current &
Future Market Landscape
Analysis
9. Mergers &
Acquisition Analysis
19.
Opportunity Analysis
10. Patent Analysis
20.
Revenue and Volume Analysis
Frequently
Asked Questions:
Q. Does IndustryARC
provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting
data from our database of reports and annual subscription databases. We can
provide the following free customizations:
1. Increase the level of
data in the application or end user industry chapter
2. Increase the number
of countries in the geography chapter
3. Find out market
shares for other smaller companies or companies that are of interest to you
4. Company profiles can
be requested based on your interest
5. Patent analysis,
pricing, product analysis, product benchmarking, and value and supply chain
analysis can be requested for a country or end use segment.
Any other custom
requirements can be discussed with our team. Drop an e-mail to [email protected] to learn more about our consulting
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References -
[1] https://www.iata.org/whatwedo/Documents/1400_Martin_Harrison_ICF%20IATA%20Paperless%20MRO%20Conference%20Speech.pdf
[2] http://www.oica.net/category/production-statistics/2017-statistics/
[3] https://www.investindia.gov.in/sector/aviation