Head Up Display Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2024-2030

The Head Up Display Market size is estimated to reach $5.8 billion by 2030, growing at a CAGR of 17.5% in the period 2024-2030. The growth of the Head Up Display Market is mainly attributed to increased vehicular traffic and growing production of aircrafts. For instance, according to the United Nations COMTRADE, United States Exports of aircraft, spacecraft was US$102.85 Billion during 2022. The Head Up Display Market is anticipated to immensely benefit from emergence of smart devices such as Garmin Head up Display (HUD) and SmartView Synthetic Vision, which has further elevated demand for head up displays. The need for improved steering and navigation, Instrument landing system have propelled the adoption of Synthetic vision systems such as Head Up Display. The improving technologies in terms of display and projection units with adoption of Liquid Crystal display on Silicon (LCoS), optical collimator and digital micromirror devices will drive the market projection.

Additionally, The Head-Up Display (HUD) market is diversifying beyond automotive applications, expanding into aviation, gaming, and consumer electronics. This diversification broadens the market's reach and stimulates innovation, offering new avenues for growth and development. With HUD technology permeating various industries, companies are leveraging its adaptability to create enhanced user experiences and capitalize on emerging market opportunities. Moreover, Augmented Reality (AR) HUDs are experiencing increased demand within the Head-Up Display (HUD) market. These innovative systems provide immersive experiences by overlaying digital information onto the user's field of view. Offering advanced functionalities like navigation overlays and contextual information display, AR HUDs enhance user engagement and provide valuable real-time data, driving their adoption across various industries, including automotive, aviation, and consumer electronics.

The report: “Head Up Display Industry Outlook – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Head Up Display Market.

By Product Type: Windshield, Combiner

By Technology: CRT, LED, MEMS, Optical Waveguide and Others

By Components: Video Generator, Projection Unit, Display Unit, Combiners and Others

By Application: Aerospace (Aircraft, Helicopters and UAVs), Defense (Air, Ground, Marine and Others), Automotive (PVs, LCVs, HCVs) and Others

By Sales Channel: OEM, Aftermarket

By Geography - North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, South Korea, Australia and Others), South America(Brazil, Argentina and others)and RoW (Middle East and Africa).

• Key players including BAE Systems, Thales Group, Bosch, Nippon Seiki and Continental accounted for around 30% of the total market share in 2023, with contracts and partnerships being adopted as key strategies.

• The major driving factor in the Head Up Display Market is increased investments in the aerospace sector during the forecast period. In this sector, head up displays are being deployed to aid pilots and drivers in estimating the path and navigation and thereby enhancing flight and driver control and steering through synthetic vision systems. This has compelled manufacturers to integrate advanced features such as head-up display with Liquid crystal displays and digital micromirror device which improve Display luminance.

• Head up displays are being majorly deployed in small and mid-size aircrafts owing to their compactness, high accuracy sensors and cost-efficient relay optics that are used to project the HUD image to the pilot. This has driven demand for projector units which hold the largest market share of around 28% in the components segment.

• North America is the largest market for Head Up Displays, accounting for around 37% of the global market share in 2023 owing to increased demand for precise situational awareness in military aircrafts. The head up displays deploy an algorithm to calculate the optimum flare maneuver required for ensuring a smooth landing on the runway. This feature helps pilots avoid stressful maneuvers on unfamiliar sloped runways or during nighttime approach landings.

 

                                           

Optical waveguide head up displays is a major segment, accounting for around 56% in the Head Up Display Market globally in 2023. They find application in the aviation sector owing to the advantages they offer in terms of data projection, easy installation and cost efficiency. In recent years, increased investments in the aerospace sector globally have fueled demand for head up displays for aircraft steering and instrument landing systems. In November 2022, Indian government aims for a substantial US$ 9550 million investment in aerospace and defense sectors over a decade. This initiative signifies potential growth opportunities for the Head-Up Display (HUD) market, particularly in aviation and defense applications, as increased investment fosters technological advancements and innovation.

One of the significant growth factors for the Head Up Display Market is the deployment of HUDs in civil aircrafts and passenger vehicles. The aviation segment for the Head Up Display Market is poised to grow at a CAGR of 24.2% in the forecast period 2024-2030. Manufacturers have been increasingly forced to integrate advanced features such as head-up display with Liquid crystal displays and digital micromirror device to improve Display luminance. Research is being carried out to design innovative HUD interfaces aiming to reduce operator distraction and improve performance. Boeing has introduced its 787 advanced flight deck, incorporating head up displays, that integrates dual global positioning system receivers with triple-redundant flight management systems that enhances precise flight vision through aircraft steering and instrument landing systems. Additionally, recently issued regulations have significantly fuelled demand for head up displays in the aerospace and automtovie arenas. Civil Aviation Administration of China has mandated adoption of head up displays to facilitate enhanced projection of data in Chinese airlines by 2025. Such initiatives have propelled demand for head up displays in the aerospace sector.

North America holds a dominant share of 37% in the Head Up Display Market in 2023, which can be attributed to increased investments in the aerospace sector. Mexico's aerospace sector achieved significant growth, exporting USD 8 billion in 2022. This reflects the industry's robust performance and potential for collaboration in the global market. Such growth indicates opportunities for the Head-Up Display (HUD) market, as aerospace advancements often drive demand for HUD technology in aircraft for enhanced navigation and safety. According to The Aerospace America year-in-review index for 2022, NASA's X-59 aims to enable supersonic flight over land. Advancements in aircraft design technology pave the way for urban air mobility, enhancing future flight capabilities. Developments such as these present excellent growth opportunities for the Head Up Display Market in the North American region.

In the military and defense aviation sector, there has been a significant increase in the deployment of head up displays. This rise is attributed to the capability of HUDs to direct the pilot’s vision outside the aircraft and provide all the necessary flight information to the pilot. This results in an increase in overall efficiency and safety, which are essential considerations for the defense and military sectors. Moreover, demand for real-time monitoring of data by on-board instruments such as head up displays for improved aircraft steering and instrument landing systems in military aircrafts has consequently led to increased investments for deployment of head up displays in the aerospace sector. For instance, According to Ministry of Civil Aviation, India could have the capacity to manufacture drones worth $4.2 billion by 2025 and $23 billion by 2030. These drones incorporate head up displays, which is consequently boosting demand for head up displays in the aerospace sector.

According to International Civil Aviation Organization, The number of air passengers carried in 2022 increased by an estimated 47% compared to 2021, while revenue passenger kilometres (RPK’s) increased by around 70% over the same period. The rise in passenger traffic globally has subsequently called for an increase in the production of civil aircrafts. According to the International Air Transport Association (IATA), approximately 39,000 aircrafts are estimated to be produced by 2027. This is anticipated to significantly increase demand for head up displays in civil aircrafts. Moreover, companies are focusing on developing innovative head up displays for enhancing precision within aircrafts. Netherlands-based Airbus SE has been developing an enhanced flight vision system (EFVS) to be equipped on its aircrafts still under production. This research is aimed at improving airport access for aircrafts, with the help of head up displays, regardless of weather or landing aids on the ground. This has compelled manufacturers to integrate advanced features such as head-up display with Liquid crystal displays and digital micromirror device which improve Display luminance.

In military applications, head up displays need to display the relevant information within a desired time frame. However, system delays often occur as a result of several factors including sensor delay, system processing speed and display update rate. Regardless of the source, the overall system delay results in the presentation of information that is inconsistent with the aircraft’s current state, further leading to errors in flight operation and reduced overall efficiency.

Partnerships and acquisitions along with contracts and up gradation are key strategies adopted by players in the Head Up Display Market. In 2023, the market for the Head Up Displays remained consolidated, with the top 10 players accounting for approximately 90% of market share. The major players in the Head Up Display Market include BAE Systems, Thales Group, Nippon Seiki, Visteon Corporation, Robert Bosch GmbH, Continental AG, Elbit Systems Ltd., Honeywell International Inc., Garmin Ltd., HUDWAY, LLC.

• In May 2022, BAE Systems introduced LiteWave, a compact Head-Up Display (HUD) for both commercial and military aircraft. LiteWave offers enhanced pilot awareness with critical information presented in a laptop-sized display. Its lightweight and compact design, up to 70% smaller than existing HUDs, may drive demand in the Head-Up Display market for more efficient and advanced display solutions.

• In February 2022, Continental AG launched its new Head-Up Display (HUD) for rail vehicles, offering improved safety and efficiency. This innovation integrates crucial information into the driver's field of vision, enhancing situational awareness. The HUD market benefit from such advancements, potentially experiencing increased demand for advanced display solutions in various transportation sectors.

• In January 2022, Panasonic Automotive unveiled the Driveable AR HUD 2.0 featuring a patented eye-tracking system at CES 2022. This innovative AR HUD integrates proprietary eye-tracking technology to enhance image fidelity within the driver's field of view. With advanced features and improved accuracy, it addresses the growing demand for next-generation Head-Up Display solutions in the automotive market.