Global Market for Head-Up Displays to Reach Nearly $3.7 Billion by 2018
Wellesley, MA (PRWEB) August 14, 2014
BCC Research (http://www.bccresearch.com) reveals in its new report, HEAD-UP DISPLAYS: TECHNOLOGIES AND GLOBAL MARKETS, the global market for head-up displays (HUDs) is expected to grow to nearly $3.7 billion by 2018 with a five-year compound annual growth rate (CAGR) of 23.9% from 2013 to 2018. The Asia-Pacific region is estimated to record the highest CAGR with 31.2%.
The aviation sector is saturated, and the market will grow at a slower rate as a result. It is only in the last few years that HUDs have had real penetration into the automotive sector. Many car manufacturers in the luxury segment such as Audi, BMW and Mercedes-Benz have launched their models with HUD systems, and many other manufacturers are planning to launch the same.
The North American market is estimated to grow steadily from $5.4 billion in 2013 to $1.4 billion in 2018 but Asia-Pacific is forecast to record the highest five-year CAGR of 31.2% from 2013 to 2018.
“In recent years, the growth of HUD technology in the automotive sector has been remarkable,” says BCC Research analyst Abhigyan Gupta. "Increased demand for cost effective HUDs in mid-segment cars is expected in the near future, and this would change market dynamics.”
HEAD-UP DISPLAYS: TECHNOLOGIES AND GLOBAL MARKETS evaluates the market analysis and forecasts related to HUD components and its applications. The report also highlights various technologies like LCoS and laser, and features an overview of their growth potential in the next five years.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming(at)bccresearch(dot)com.
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