Middle East and Africa Head-Up Display Market, By Type (Conventional HUD, AR-Based HUD), Product (Windshield-based, Combiner-based), Technology (Light-Emitting Diode, Cathode Ray Tube, Microelectromechanical System, Optical Waveguide), Component (Video Generator Display Unit, Projector/Projection Unit, Software, Others), Application (Aviation, Automotive), Sales Channel (OEMs, Aftermarket) – Industry Trends and Forecast to 2030.
Middle East and Africa Head-Up Display Market Analysis and Size
The head-up display allows the driver or passenger to navigate without using a smartphone while driving, reducing the possibility of road accidents. Besides, increasing adoption of artificial intelligence based head-up display is a major factor that enhance the market growth during the forecast period. The integration of connective technologies such as augmented reality and artificial intelligence (AI) in head-up display to improve road safety and the driving experience.
Data Bridge Market Research analyses that the head-up display market is expected to reach USD 3748.97 million by 2030, which is USD 779.09 million in 2022, registering a CAGR of 21.70% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Middle East and Africa Head-Up Display Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Conventional HUD, AR-Based HUD), Product (Windshield-based, Combiner-based), Technology (Light-Emitting Diode, Cathode Ray Tube, Microelectromechanical System, Optical Waveguide), Component (Video Generator Display Unit, Projector/Projection Unit, Software, Others), Application (Aviation, Automotive), Sales Channel (OEMs, Aftermarket)
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Countries Covered
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Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Robert Bosch GmbH (Germany), Continental AG (Germany), DENSO Corporation (Japan), Magna International Inc (Canada), ZF Friedrichshafen AG (Germany), Pioneer Corporation (Japan), NVIDIA Corporation (U.S.), Panasonic Corporation (Japan), Garmin Ltd (U.S.), HARMAN International (U.S.), LG Display Co, Ltd (China), Marelli Holdings Co., Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Texas Instruments Incorporated (U.S.), Visteon Corporation (U.S.), TOSHIBA CORPORATION (Japan), ALPS ALPINE CO.LTD (Japan), Valeo (France), Clarion (Japan), Mitsubishi Electric Corporation (Japan)
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Market Opportunities
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Market Definition
A head-up display is also known as a HUD. This small, transparent display presents important driving information such as speed, navigation, and RPM on the automobile's windshield. It prevents driver from distracting his attention from the highway by reflecting a reversed image at his eye level. These displays have convenient and imperative feature that ensures passengers and drivers safety.
Head-Up Display Market Dynamics
Drivers
- Rising demand for the safety purposes
A head-up display is a type of Advanced Driver Assistance System (ADAS), which confirms safe driving. It projects important driving information on the windshield of a vehicle to prevent interruptions while driving. Moreover, the safety of drivers and passengers become the main concern for the buyers of the vehicle. So, the regulatory authorities are focussing to improve the safety overall the globe. According to the Global Status analysis Report, it is projected that more than 1.35 million road traffic deaths happen every year worldwide. Therefore, the growing demand of head-up display (HUD) for safety purposes is expected to drive the market growth.
- Increase in adoption of artificial intelligence in vehicles
The incorporation of augmented reality (AR) in head-up displays has augmented the driving experience. Augmented reality-based head-up displays project an exterior view of the traffic conditions in front of the automobile with virtual augmentations and confirming comfort and safety. These head-up display systems are trending owing to their easy-to-use access and innovative features. Moreover, augmented reality-based head-up displays have recognised to be a competent counter to increasing safety concerns, which is generating a high demand for the product.
Opportunities
- Increasing investments in the military and defence sector
Increasing investments in the military and defence industry in numerous countries are expected to create numerous market growth opportunities. The increasing adoption of advanced and smart HUDs in aircraft, fuelling sales of the head-up display in the market. Effective control, proper visibility and timely indication of hazards or danger are optimum for pilots operating official airplanes and fighter jets. This is reassuring manufacturers to launch advanced and smart head-up display for the military and defence sectors. According to the statistics which has done by the Stockholm International Peace Research Institute, the world military expenditure increased to 2 Trillion in 2020. In the similar year, the U.S. military spend recorded around 4.4% over 2019. These investments are allowing to deploy control measures in defense aircraft and vehicles, which is anticipated to bode well for the market.
Restraints/ Challenges
- High Cost
The high expense of head up display technology has been reduced owing to new innovations and increasing product production. However, automotive helmets become very exclusive which will obstruct the demand for the head up display and restrain the market's growth.
- Growth of portable multimedia
Growth of portable multimedia is expected to divert the driver during driving. The flashing text and voice on display can be responsible for accidents which will act as a market restraint, and further challenge the market growth during forecast period of 2023-2030.
This head-up display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the head-up display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Covid-19 Impact on Middle East and Africa Head-Up Display Market
In the rouse of COVID-19, the Middle East and Africa head-up display market analysis witnessed a slowdown in demand, with businesses delaying the investments and innovations in the market. The automotive sector, which is the major end-user of head-up displays, noted a steep drop in manufacture. The consumer demand for vehicles also decreased owing to the economic crisis caused by the pandemic.
The post-pandemic period will be important for the global market. The recovery can be delayed by supply chain disruptions, which will disturb the product prices and market dynamics. Moreover, unfavourable financial conditions, drop in prices, sales and product demand, and risen expenses owing to restrictions in transportation and distribution capabilities, will pose major challenges for the global market. However, the rapid adoption of connected vehicles and growing demand for ADAS in autonomous vehicles are liable to create lucrative opportunities in the coming years. The application of head-up displays in military applications, the aviation industry, smart helmets, and others is also anticipated to boost the market size of head-up display in the upcoming year.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2021- Panasonic Corporation introduced its new Augmented Reality (AR) head-up display. Panasonic automotive augmented reality head-up display offers extensive artificial intelligence-enhanced situational awareness to drivers
- In 2022, BAE Systems introduced the LiteWave HUD for the military and commercial aircraft market. It is considerably more economical and smaller than the previous head-up display. It can be mounted easily as well.
- In 2022, Nissan Ariya incorporated the new WS previous head-up display (Windshield HUD) developed by Panasonic Corporation using free-form and precision digital micro-mirrors. It was the 6th car to display the automotive head-up in in Nissan’s portfolio.
Middle East and Africa Head-Up Display Market Scope
The head-up display market is segmented on the basis of type, product, technology, component, application and sales channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Conventional HUD
- AR-Based HUD
Product
- Windshield-based
- Combiner-based
Technology
- Light-Emitting Diode
- Cathode Ray Tube
- Microelectromechanical System
- Optical Waveguide
Component
- Video Generator Display Unit
- Projector/Projection Unit
- Software
- Others
Application
- Aviation
- Automotive
- Sales Channel
- OEMs
- Aftermarket
Head-Up Display Market Regional Analysis/Insights
The head-up display market is analyzed and market size insights and trends are provided by country, type, product, technology, component, application and sales channel as referenced above.
The countries covered in the head-up display market report Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
South Africa dominates the head-up display market in terms of revenue and market share due to increasing concerns for safety and growing fatalities in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Head-Up Display Market Share Analysis
The head-up display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to head-up display market.
Some of the major players operating in the head-up display market are:
- Robert Bosch GmbH (Germany)
- Continental AG (Germany)
- DENSO Corporation (Japan)
- Magna International Inc (Canada)
- ZF Friedrichshafen AG (Germany)
- Pioneer Corporation (Japan)
- NVIDIA Corporation (U.S.)
- Panasonic Corporation (Japan)
- Garmin Ltd (U.S.)
- HARMAN International (U.S.)
- LG Display Co, Ltd (China)
- Marelli Holdings Co., Ltd. (Japan)
- Mitsubishi Electric Corporation (Japan)
- Texas Instruments Incorporated (U.S.)
- Visteon Corporation (U.S.)
- TOSHIBA CORPORATION (Japan)
- ALPS ALPINE CO.LTD (Japan)
- Valeo (France)
- Clarion (Japan)
- Mitsubishi Electric Corporation (Japan)
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