Aerospace Head Up Display Market - Forecast(2024 - 2030)
Aerospace Head Up Display Market Overview
The Aerospace
Head Up Display Market size is forecast to reach $3.9 billion by 2026, growing at a
CAGR of 10.5% in the period 2021-2026. The growth of the Aerospace Head Up Display Market is mainly attributed to increased passenger traffic, which is
leading to growing production of aircrafts. For instance, revenue from
aircrafts exports increased from $143.17 billion in 2017 to $156.61 billion in 2019
for the U.S. The Aerospace Head Up Display Market is anticipated to immensely
benefit from emergence of smart devices such as Garmin Head up Display (HUD)
and Smart View Synthetic Vision, which has further elevated demand for head up
displays in the aerospace sector. The need for improved aircraft steering, Instrument
landing system have propelled the adoption of Synthetic vision systems such as
Aerospace HUD.
Aerospace HUD Market Report Coverage
The report: “Aerospace Head up Display Industry Outlook
– Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the
following segments of the Aerospace Head Up Display Market.
By Technology: CRT, LED,
MEMS, Optical Waveguide and Others
By Components: Video
Generator, Projection Unit, Display Unit, Combiners and Others
By Application: Aircraft,
Helicopters and UAVs
By End Use Industry:
Civil, Military and Government and Others
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 Takeaways
- Key players including including BAE Systems, Thales Group, Collins Aerospace, Elbit Systems and Excelitas Technologies Corp accounted for around 70% of the total market share in 2018, with contracts and partnerships being adopted as key strategies.
- The major driving factor in the Aerospace 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 in estimating the path of the aircraft and thereby enhancing flight control and aircraft steering through synthetic vision systems. This has compelled aircraft manufacturers to integrate advanced features such as head-up display in aircrafts 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 25% in the components segment.
- North America is the largest market for aerospace head up displays, accounting for around 43% of the global market share in 2020 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.
Aerospace HUD Market, BY Region, 2020 (%)
For More Details on This Report - Request for Sample
Aerospace HUD Market Segment Analysis – By Technology
Optical
waveguide head up displays is a major segment, accounting for around 62% in the Aerospace Head Up Display Market globally in 2020. 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. The U.S. has encouraged NATO
countries to expand their aerospace and military expenditure. As a result of
this, in 2019, the government of France has announced expansion of its military
and aerospace expenditure to 2% of GDP. Moreover, the U.K. Ministry of Defense signed
a deal with California-based General Atomics worth $125m to supply drones equipped
with head up displays for the U.K. defense sector.
Aerospace HUD Market Segment Analysis – By End Use Industry
One of the
significant growth factors for the Aerospace Head Up Display Market is the
deployment of HUDs in civil aircrafts. The
civil aviation segment for the Aerospace Head Up Display Market is poised to
grow at a CAGR of 13.2% in the forecast period 2021-2026. 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 arena. 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.
Aerospace HUD Market Segment Analysis – By Geography
North America held a dominant share of 43% in the head up display market in 2020, which can be attributed to increased investments in the aerospace sector. According to the Aerospace Industries Association, aerospace exports in U.S. have increased by 26% from $113 billion in 2012 to $154 billion in 2019. In 2019, the Canadian Department of National Defense awarded a contract worth $14.5m to Marconi Aerospace Defense Systems to develop and integrate vision imaging systems and head-up displays for the Canadian CH-146 Utility Tactical Transport Helicopter (UTTH). Developments such as these present excellent growth opportunities for the Aerospace Head Up Display Market in the North American region.
Aerospace Head Up Display Market Drivers
Increased Investments In The Aerospace Sector
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, the Italian Ministry of Defense increased its investment on surveillance drones from $506m in 2016 to $991m in 2019. These drones incorporate head up displays, which is consequently boosting demand for head up displays in the aerospace sector.
Rise In Production Of Civil Aircrafts
As per the International Air Transport Association,
passengers travelling by domestic airlines globally increased from 561 billion
in 2018 to 589 billion in 2019. The rise in passenger traffic globally has
subsequently called for an increase in 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.
Aerospace Head Up Display Market Challenges
System Delays
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.
Aerospace Head Up Display Market Market Landscape
Partnerships and
acquisitions along with contracts and up gradation are key strategies adopted
by players in the Aerospace Head Up Display Market. In 2018, the market for the
aerospace head up displays remained consolidated, with the top 10 players
accounting for approximately 90% of market share. The major players in the Aerospace Head Up Display Market include BAE Systems, Thales Group, Collins Aerospace,
Elbit Systems, Excelitas Technology Corp, Honeywell Aerospace and Garmin Ltd.
Partnerships/Product Launches/Contracts
- In July 2019, Leonardo S.p.A. signed a contract worth €300mwith the Armaments and Airworthiness Department of the Italian Ministry of Defense, aimed at supplying 13 M-345 High Efficiency Trainers (HET) equipped with head up displays.
- In February 2019, Continental AG increased its investment in DigiLens Inc. from the $25m it had invested in 2016. This investment is targeted at developing a waveguide head up display that fulfills requirement of applications across industries such as aerospace, automotive and others.
Related
Reports
Head-Up
Display Market - Forecast(2021 - 2026)
Report Code: ESR 0243
Head
Up Display Augmented Reality Device Market - Forecast(2021 - 2026)
Report Code: ESR 0349
For more Electronics Market reports, please click here