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The Head-Up Display (HUD) is a projection of transparent display on windshield of the vehicle, with the basic information such as speed, temperature, rpm and etc., which is already available on dashboard of the vehicles. The HUD, earlier where use in aviation and military functions but as technology evolved most of the automobiles sectors started approaching this technology.
The head up means while driving the vehicle, the driver or person should always look up and straight ahead, instead of looking down or somewhere else. The most people checks there smartphone, radio and other things will driving. But, HUD displays, the important details on the windshield of the car, this help people to focus more and chances of accidents are also minimize.
The HUD technology will grow during the coming years as technology showing the rapid advancement. Looking at this growth, ‘Market Research Future’ recently released the market insights till 2022. According to this MRFR analysis, the global HUD Market is expected to reach USD $11 billion and grow at CAGR of 24% during the predicted period.
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Competitive Outlook
Key players are approaching new techniques in the head-up display industry. The same would improve market performance. Heavy investments are made by major players in the R&D sector.
The prominent players in the head-up display market include Yazaki Corporation, Denso Corporation, Esterline Technologies Corporation, Micro Vision Inc. and Penny AB.
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Segment Overview
The global head-up display market is fragmented on the basis of components, type, and application. The head-up display industry segmentation on the basis of components include projector unit, video generator, and combiner. The segmentation of the head-up display (HUD) market on the basis of type consists of helmet-mounted head-up display units and fixed-mounted head-up display units. In the fixed mounted head-up displays type, the driver looks through the information in the glass of the vehicle or aircraft. The weight and size of such displays are more compared to other head-up displays in the market. On the basis of application, the HUD market segmentation includes the military sector, aviation sector, and automotive industry.
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Regional Analysis
The head-up display market is studied in different geographical regions such as North America, Asia-Pacific, Europe, and the rest of the world. In North America, the rising awareness about the installation of safety systems in the vehicle or aircraft has increased the global market share. North America has the maximum market share in the global competitive market and is expected to dominate during the forecast period.
The European region has the second-largest head-up display market share in the world. The increasing demand for safety system installed SUVs, luxury cars, and premium quality vehicles have resulted in the stupendous rise of the head-up display industry in Europe.