July 20, 2022 15:10 ET | Source: Straits Research Straits Research

New York, United States, July 20, 2022 (GLOBE NEWSWIRE) -- The global head-up display market had a market share of USD 1389.3 million in 2018, according to a new report by Straits Research. It is predicted to increase at a CAGR of 24.5% by 2030. A head-up display, commonly known as a HUD, is a small, transparent display that appears on the car's windshield and displays important driving information such as navigation, speed, and RPM. By reflecting a mirrored picture at his eye level, it prevents the driver from shifting his focus away from the road. Head-up displays are a necessary and convenient element that assures the safety of both drivers and passengers.

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After COVID-19, the global head-up display market saw a lull in demand, with players deferring new product development and investment. The car sector, which uses head-up displays, has seen a significant drop in output. Due to the economic crisis brought on by the pandemic, consumer demand for vehicles has also decreased.

For the global head-up display market, the post-pandemic phase will be critical. Supply chain interruptions might stymie the recovery, affecting market dynamics and product prices. Furthermore, the global head-up display market will face challenges from adverse financial circumstances, a decline in sales, pricing, product demand, and increased expenditures due to distribution and transportation limitations.

Safety regulation to Drive the Global Head-up Display Market

A head-up display is an Advanced Driver Assistance System (ADAS) that helps drivers stay safe while driving. It displays critical driving information on a car's windshield to reduce distractions while driving. Road accidents and fatalities are frequently caused by distracted driving. Pedestrian fatalities in the United States climbed by 55% between 2009 and 2018, according to the Governors Highway Safety Association (GHSA).

As a result, governments throughout the world are developing rules and measures to guarantee the safety of drivers, passengers, and pedestrians, resulting in a need for head-up displays. For example, during the 2018 annual conference of the Society of Indian Automobile Manufacturers (SIAM), a Union Minister stated that the adoption of ADAS might be made mandatory for all vehicles by 2022.

Additionally, AR (augmented reality) integration in head-up displays has improved the driving experience. AR-based head-up displays provide a virtual augmentation of the traffic conditions in front of the car, assuring safety and comfort. Due to their unique features and easy-to-use accessibility, these display systems are becoming increasingly popular. Furthermore, AR-based head-up displays have shown to be a capable antidote to escalating safety concerns, resulting in strong demand for the product.

Due to the increased demand for AR-based head-up displays, the industry is seeing strategic alliances that will aid in technical breakthroughs and result in high-quality goods. Panasonic Automotive, for example, unveiled a new AR-based head-up display technology in January 2021. This system shows lane edges, road objects, and other important information. The business uses artificial intelligence to exchange information with drivers, and by 2024, this technology will be present in model automobiles. As a result, AR-based head-up displays are opening up the attractive potential for the head-up display industry.

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

Global Head-up Display Market: Segmentation

4.2      Value Chain Analysis: Head-Up Display Market

4.4      Porter’s Five Forces Analysis

4.6      Forecast Factors & Relevance of Impact

4.15.1 Pre and Post Covid-19 Market Scenario Analysis

4.15.2 Market Recovery Timeline and Challenge

4.15.3 Measures Taken by Top Players

4.15.4 Quarterly Market Revenue and Growth Forecast till 2021

4.15.4.4        Central and South America and the Caribbean

4.15.4.5        The Middle East and Africa

5.1.1  Market Size & Forecast (Value & Volume)

5.2.1  Market Size & Forecast (Value & Volume)

5.3.1  Market Size & Forecast (Value & Volume)

5.4.1  Market Size & Forecast (Value & Volume)

5.5.1  Market Size & Forecast (Value & Volume)

5.6.1  Market Size & Forecast (Value & Volume)

6.1.1  Market Size & Forecast (Value & Volume)

6.2.1  Market Size & Forecast (Value & Volume)

6.3.1  Market Size & Forecast (Value & Volume)

6.4.1  Market Size & Forecast (Value & Volume)

6.5.1  Market Size & Forecast (Value & Volume)

7.1.1  Market Size & Forecast (Value & Volume)

7.2.1  Market Size & Forecast (Value & Volume)

7.3.1  Market Size & Forecast (Value & Volume)

8.1.1  Market Size & Forecast (Value & Volume)

8.3      Central and South America and the Caribbean

8.3.6  Rest of Central and South America and the Caribbean

8.6.8  The Rest Of Middle East

9          Competitive Landscape — Manufacturers & Suppliers

Table of Content and Figure @ https://straitsresearch.com/report/head-up-display-market/toc

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