New York, USA, Sept. 07, 2022 (GLOBE NEWSWIRE) -- The Worldwide Head-up Display Market value was USD 3.81 Billion in 2021 and will reach USD 28.10 Billion in 2030 with a 24.69% CAGR. A head-up display, sometimes known as a HUD, is a transparent display that shows information without requiring the users to change their natural viewing angles. As HUD eliminates the need for drivers to glance down at a traditional display panel, hence, it is considered as an active safety feature. Today's HUDs can also display information such as navigational instructions, warning lights, and engine rpm, hence reducing the distraction rate of the drivers from the road. A substantial growth of HUD usage in the automotive sector, a rise in disposable incomes, passenger car sales, etc., are expediting the market growth.

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Factors influencing the Head-up Display Market growth: 

(A substantial growth of HUD usage in the automotive sector, a rise of disposable incomes, passenger car sales, etc. are expediting the market growth)

Head-up Display Market: A thorough Segmentation Analysis

The worldwide Head-up Display Market segmentation has been performed based on Component, Technology, Application, & Geography. 

For Technology · Micro-Electromechanical Systems/MEMS · CRT · DLP · Waveguide · LCD · LCOS · Others

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The Display units segment held the largest share of 81.78% for the Components sector. The market for this segment will grow exponentially as demand for navigation and entertainment systems are continuously increasing along with the rising consumer demand for comfort, convenience, and improved safety in vehicles, particularly in emerging economies. To increase sales, manufacturers are introducing cutting-edge infotainment systems, centre controllers, gesture control systems, and telematics, which are boosting the market's expansion. SMR's research delineated that in 2021, out of all the vehicles sold worldwide, around 84% of vehicles had an infotainment system (a touchscreen display system mounted on the dashboard in the middle of a car) installed in it.

The LCD segment of the Technology section dominated with a share of 51.91%, owing to the rise in LCD demands for commercial aircrafts. The commercial aircrafts used LCD HUD for their back-light projections. The USA Aerospace & Defence industry has reported that in 2021 almost 60% of all commercial planes belonging to the Boeing-737 NG aircraft & Airbus A320 series used HUD LCD displays for back-light projections.

For the Application section, the Automotive segment led the market with a 72.23% share. The market for the automotive sector is anticipated to expand due to the integration of head-up displays with driver assistance systems, which are being embraced by more and more automakers worldwide, thereby augmenting the market growth. As per Digi-Key CEC, the augmented reality Head-Up Display installed in the Audi Q4 e-Tron, spotlights the vehicle in front of it and displays navigational turn information. 

For the Regional section, Europe dominated with a 45.22% market share. One of the pivotal reasons influencing the expansion of the markets for fixed and mounted HUDs, military aircraft HUDs, and commercial aircraft HUDs is the presence of some world-renowned vehicle and aircraft manufacturers in Europe. For example, Lufthansa AG (Deutschland), Airbus (France), etc., are some of the well-known aviation-aircraft manufacturers present in the European region that plays a significant role in HUD usage for back-light projections.

Key players prevailing in Head-up Display Market:

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