Home > Reports > Head-Up Display Market: Information by Components (Video Generator, Projector Unit), Type (Conventional, Windshield-Base

Head-Up Display Market: Information by Components (Video Generator, Projector Unit), Type (Conventional, Windshield-Based), Application (Aviation, Automotive), and Region — Forecast till 2029

Market Snapshot
Study Period:
2022-2030
Base Year:
2021
Fastest Growing Market:
Europe
Largest Market:
North America
CAGR:
24.5 %
Key Players
Bosch

Nippon Seiki Co Ltd

Continental AG

Visteon Corporation

Denso Corporation

Panasonic Corporation

A head-up display, also known as a HUD, is a small, transparent display that presents essential driving information like navigation, speed, and RPM on the windshield of the car. It prevents the driver from diverting his attention from the road by reflecting a reversed image at his eye level. Head-up displays are an imperative and convenient feature that ensures drivers’ and passengers’ safety. The global market for head-up displays has been categorized into four segments, namely components, type, applications, and regions.

The global head-up display market share is expected to grow at a CAGR of 24.5% during the forecast period (2021–2030).

Market Dynamics

Market Drivers

  • Growing Concerns for Driver and Passenger Safety

A head-up display is a kind of Advanced Driver Assistance System (ADAS), which ensures safe driving. It projects essential driving information on the windshield of a car to prevent distractions while driving. Distracted driving often leads to road accidents and fatalities. As per the Governors Highway Safety Association (GHSA), pedestrian casualties across the US increased by 55% between 2009–2018, owing to distractions while driving.

Therefore, in the midst of the rising fatalities, governments across the globe are formulating policies and initiatives to ensure the safety of drivers, passengers, and pedestrians, creating demand for head-up displays. For instance, at the Society of Indian Automobile Manufacturers (SIAM) annual convention held in 2018, a Union Minister announced that the use of ADAS might be made mandatory for all cars by 2022.

Market Restraints

  • Space Constraints in Automotive Cockpits

The installation of a head-up display requires an enormous amount of space in automotive cockpits. However, the space available in the cockpit is small. The hardware of the HUD necessitates ample space—and to integrate HUD in vehicles, OEMs will have to redesign the cockpit. Redesigning is a highly complex and time-consuming task.

Additionally, the projections of the HUD are to be in the driver’s line of focus, which requires various hardware devices to be integrated into the automotive cockpit. Again, this mandates redesigning. Therefore, the space constraint is impeding the head-up display market share.

Future Market Opportunities

  • AR-based Head-Up Display Creates Lucrative Opportunities for the Market

The integration of AR (augmented reality) in head-up displays has enriched the driving experience. AR-based head-up displays project an external view of the traffic conditions in front of the vehicle with virtual augmentations, ensuring safety and comfort. These display systems are trending due to their innovative features and easy-to-use access. Additionally, AR-based head-up displays have proven to be a competent counter to rising safety concerns, which is creating a high demand for the product.

Given the spike in demand for AR-based head-up displays, the industry is witnessing strategic partnerships that will further help in technological advancements, resulting in good-quality products. For example, in January 2021, a new AR-based head-up display technology was introduced by Panasonic Automotive. This system displays lane edges, objects on the road, and other critical information. The company used AI to share information with the drivers, and this technology will be seen in model vehicles by 2024. Therefore, AR-based head-up displays are creating lucrative opportunities for the head-up display market.

Impact of COVID-19 Analysis

In the wake of COVID-19, the global market analysis witnessed a slowdown in demand, with companies delaying the innovations and investments in the market. The automotive industry, which is the end-user of head-up displays, noted a steep decline in production. The consumer demand for automobiles also declined due to the economic crisis caused by the pandemic.

Market Recovery Timeline and its Challenges

The post-pandemic period will be crucial for the global market analysis. The recovery can be hindered by supply chain disruptions, which will affect the market dynamics and the prices of the product. Furthermore, unfavorable financial conditions, drop in sales, prices, and product demand, and ascended expenses due to restrictions in distribution and transportation capabilities, will pose challenges for the global market.

In addition, limited production, support operations, labor shortages, and many constraints for other end-user sectors, suppliers, and vendors may fail to meet the consumer demand. Overall, the recovery will be challenging for the global market. Nonetheless, the growing demand for ADAS in autonomous vehicles and the rapid adoption of connected vehicles is liable to present lucrative opportunities in the next decade. The application of head-up displays in smart helmets, military applications, the aviation industry, etc., is also expected to boost the head-up display market size in the upcoming year.

Segmental Insights

The global head-up display market size has been classified on the basis of components, types, applications, and regions.

Based on components, the market has been segmented into video generators, projector/projection units, display units, software, and others. The display unit is the highest-selling component and had a revenue of USD 466.20 million in 2018. This is because it is eco-friendly and has high transparency. It is predicted that the market will generate a CAGR of approximately 25% during the forecast period. The display unit displays a processed picture on the automobile's windshield or the combiner. Moreover, this technology is more efficient and environmentally friendly than LEDs and LCDs.

Based on type, the market has been divided into conventional head-up displays, windshield-based head-up displays, combiner-based head-up displays, and AR-based head-up displays. The AR-based head-up displays hold dominion over other types of head-up displays. It is expected to grow at a CAGR of 25.8% by 2030. The demand for AR-based head-up displays is increasing due to its rising applications in lane departure detection and alerts, vehicle proximity detection, blind-spot detection, 360 view, pedestrian detection and alerts, route navigation alerts, and road signs simulations.

Based on application, the market is segmented into the aviation and automotive industry. The automotive industry is the fasted growing segment and is expected to grow at a CAGR of 24.2% over the forecast period.

Regional Insights

Supremacy of North America Over Others

The global head-up display market size has been segregated into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The North American continent holds 36.10% of the market share and is the highest-grossing region. Rising concerns for safety and increasing fatalities are the major reasons driving this market. Canada is one of the fastest progress-making countries in North America. It is among the early adopters of new technology, making it one of the regions creating lucrative growth opportunities.

In 2019, the US reported more than 3000 deaths due to distracted driving, resulting in the US imposing more strict regulations. Thus, the head-up display market is seen to have a huge demand. The growth of the market helps in connected vehicles and reduces driver distractions, avoiding any fatalities. All the safety regulations and adoption of new technology have served the need for the head-up display market to grow. It has an expected CAGR of 24.5% and shows great potential to rise.

Top Players of the Market

A List of Key Players in the Global Head-up Display Market

  • Bosch
  • Nippon Seiki Co. Ltd
  • Continental AG
  • Visteon Corporation
  • Denso Corporation
  • Panasonic Corporation
  • BAE Systems
  • Pioneer Corporation
  • Yazaki, Thales Group

Recent Developments

  • January 2021- Panasonic Corporation introduced its new Augmented Reality (AR) HUD in January 2021. Panasonic Automotive's Augmented Reality Head-Up Display provides extensive, artificial intelligence-enhanced situational awareness to drivers
  • February 2021- The company stated that it has begun shipping AR head-up displays—adoption of Nippon Seiki's first AR-HUD utilizing the "DMD technique" technology.
  • June 2019- Continental Engineering Services, the company's development and production service provider, has developed the first ultra-compact, high-performance head-up display (HUD). It is ideal for cockpits with limited installation space, such as those used in sports automobiles.

Automotive Brake Market Segmentation

By Components

  • Video generator
  • Projector Unit
  • Display Unit
  • Software
  • Others

By Type

  • Conventional
  • Windshield-based
  • Combiner-based
  • AR-based

By End-User

  • Automotive
  • Aviation

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • SAMEA
ATTRIBUTES DETAILS
ESTIMATED YEAR 2022
BASE YEAR 2021
FORECAST YEAR 2030
HISTORICAL YEAR 2019-2020
UNIT Value (USD Million/Billion)
BY REGION

North America, Europe, Asia-Pacific, SAMEA

Frequently Asked Questions (FAQs)

The market will be estimated to grow from the years 2022 to 2030.
The market is anticipated to grow at a CAGR of 24.5% over the forecast period.
Rising concerns for driver and passenger safety is the key factor expected to drive the market during the forecast period.
North America is expected to hold the highest market share.
Bosch, Nippon Seiki Co. Ltd, Continental AG, Visteon Corporation, Denso Corporation, Panasonic Corporation, and BAE Systems are the top players in the market.
The automotive industry segment is expected to be the leading segment in the market during the forecast period.
Integration of AR (augmented reality) in head-up displays creates a window of key opportunities in the market during the forecast period.
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