ALBANY, New York, September 12, 2018 /PRNewswire/ --
The global head-up display market has fragmented landscape, observes Transparency Market Research (TMR). Some of the key players operating in the head-up display market are Continental AG, BAE Systems plc, Nippon Seiki Co. Ltd., Rockwell Collins Inc., and Thales Group. These key players are focusing on product innovation. For this, these companies are increasingly adopting the strategies such as merger and acquisition for improving their product portfolio and business expansion. These companies are increasingly investing in research and development activities for the development of novel devices.
According to a report by Transparency Market Research (TMR), the global head-up display market stood at US$1.76 bn in 2014 and expected to expand with impressive CAGR of 19.1% to attain the value of US$7.05 bn by 2022 over the forecast period from 2015 to 2022. Based on application, the aviation industry accounted for approximately 79% shares of the market. Based on the region, North America dominated the global head-up display market in 2014.
Growing Demand for Safety Systems to Emerge as Key Growth Driver
Head-up displays (HUDs) are transparent displays which display the information and data which guides the driver to ensure safety. HUDs provides the comfort and entertainment coupled with does not effect on focus of driver. Additionally, the device offers several other advantages such as assistance to the driver to reduce the accidents on road and easy access to the information of road. These factors are boosting adoption by consumers is likely to fuel the growth of the global head-up display market.
In addition, growing demand for safety systems and luxury facilities in the high-end cars are boosting adoption of the HUDs and likely to drive the growth of the HUDs market. Widening application of HUDs in the automobile, civil aviation, gaming, sports and infotainment applications, and military and aviation purposes are augmenting the growth of the head-up display market.
Despite these growth prospects, the high cost of head-up display manufacturing is hampering the growth of the head-up display market. Nevertheless, the technology was thus able to attract only large manufacturers of automotive, until now, the small companies operating in the automotive market are also offering the display to ensure safety while driving. In addition, the companies are investing in the research regarding the displays to improve the existing devices. The launch of portable HUDs at lower prices may spur the growth of HUDs in low and middle car segments are creating lucrative growth opportunities for key players by the end of the forecast period.
This information is encompassed in the new report by TMR, titled "Head-up Display Market (By Type - Combiner Projected HUDs and Windshield Projected HUDs; By Applications - Aviation, Automotive, and Other (Sports, Gaming, etc.)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020."
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Mr. Rohit Bhisey Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email:firstname.lastname@example.org