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.
Technavio has announced its latest market research report titled Global Heads-up Display (HUD) Market in the Transportation Sector Market 2024-2028
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.
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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.
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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.
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Heads-up Display (HUD) Market In The Transportation Sector Scope |
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Report Coverage |
Details |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.3% |
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Market Growth 2024-2028 |
USD 1.07 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
3.71 |
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Regional analysis |
Europe, APAC, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 39% |
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Key countries |
US, China, France, Germany, and the UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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
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SOURCE Technavio
