Heads-up Display (HUD) Market size in the Transportation Sector to grow by USD 1.07 Billion from 2023 to 2028; Growth Driven by Increasing demand for HUDs from the luxury vehicles segment – Technavio

NEW YORK, Nov. 9, 2023 /PRNewswire/ — The heads-up display (HUD) market in the transportation sector by end-user (aviation, automotive, and locomotive), technology (conventional and AR-based), and geography (Europe, APAC, North America, Middle East and Africa, and South America) – Forecast and Analysis 2024-2028″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the heads-up display (HUD) market in the transportation sector between 2023 and 2028 is USD 1.07 billion.

Increasing demand for HUDs from the luxury vehicles segment is a key factor driving the market growth. To ensure greater comfort and safety, luxury or premium vehicles also include the incorporation of more sophisticated electronic components like AR HUDs. Moreover, to maintain a more comfortable driving experience in vehicles, luxury car buyers tend to purchase OEM quality HUDs. Thus, the increasing demand for luxury cars and premium vehicles is expected to open a number of lucrative opportunities for HUD manufacturers in terms of revenue generation. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and more. Buy the full report here

Market Challenge

The slowdown in the automotive industry is a significant challenge restricting market growth. The introduction of shared mobility services providers, advances in Internet connectivity and increased use of mobile phones have led to the general adoption of sharing mobility solutions. This reduction in demand for HUDs from the automotive sector is expected to occur because of these reductions in vehicle production ahead of falling sales.

Learn about additional key drivers, trends, and challenges available with Technavio. Read Sample PDF Report Now

The heads-up display (hud) market in the transportation sector has been segmented by end-user (aviation, automotive, and locomotive), technology (conventional and AR-based), and geography (Europe, APAC, North America, Middle East and Africa, and South America). 

The market share growth by the aviation segment will be significant during the forecast period. These new aircraft will be equipped with HUDs, which are expected to allow pilots guidance and symbology. HUD also allows a smooth transition from visual meteorological conditions to instrumental meteorological conditions.  To ensure an effective defense against internal and foreign threats, several new contracts are being signed around the world for the purchase of Military Aircraft.APAC is estimated to contribute 39% to the growth of the global market during the forecast period.

View the Sample Report for insights into the contribution of all the segments and regional opportunities in the report.

Key Companies in the heads-up display (HUD) market in the transportation sector:

3M Co., Continental Automotive GmbH, Corning Inc., DENSO Corp., Foryou Corp., HUD Solutions Sweden AB, HUDWAY LLC, LITE ON Technology Corp., Nippon Seiki Co. Ltd., Panasonic Holdings Corp., ROHM Co. Ltd., STMicroelectronics International N.V., Texas Instruments Inc., Thales Group, TOWA CORP., Valeo SA, Visteon Corp., WayRay AG, Yazaki Corp., and Embitel Technologies Pvt. Ltd.

Related Reports:

The display for avionics applications market size is estimated to grow at a CAGR of 4.4% between 2022 and 2027. The market size is forecast to increase by USD 1,257.73 million.

The Optoelectronics Market size is estimated to grow at a CAGR of 9.27% between 2022 and 2027. The market size is forecast to increase by USD 30.64 billion. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-User 

Market Segmentation by Technology

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/heads-up-display-hud-market-size-in-the-transportation-sector-to-grow-by-usd-1-07-billion-from-2023-to-2028-growth-driven-by-increasing-demand-for-huds-from-the-luxury-vehicles-segment—technavio-301983044.html

SOURCE Technavio