The Europe Head-up Display Market would witness market growth of 18.4% CAGR during the forecast period (2021-2027).
The primary purpose of a head-up display is to eliminate the requirement for the driver to take their attention away from the road. The infotainment display on the system shows real-time information like turn-by-turn navigation, blind-spot alerts, current speed, and posted traffic signs in the driver's field of view. Further, adaptive cruise control, onboard cameras, and other navigational technologies help drivers in staying focused on the road and avoid distractions. The utilization of a head-up display adds to the ease and safety of the vehicle. In the future, the development of connected cars, as well as the advent of new and more innovative technologies and applications, will provide the industry with more attractive growth potential.
In the presence of visible topography, ground-based objects, water, or other aircraft, a head-up display is used to improve situational awareness throughout the flight in low visibility. HUD is especially useful during the approach and landing stages of flight when the majority of aircraft accidents are known to occur.
Europe is also one of the world's main aircraft-producing regions. European carriers including Lufthansa AG, Air France, and Airbus. Gulfstream, BAE Systems, Dassault, Eurocopter, and Agusta Westland are some of the world's most significant aircraft and helicopter manufacturers. In addition, the significant prevalence of aircraft and automotive manufacturers is also propelling the head-up display market in the region.
Moreover, Germany is popular around the world for its excellent automobile sector and engineering prowess. Additionally, German automobiles represent highly prized traits such as innovation, dependability, safety, and design. Germany is Europe's largest manufacturing and distribution market by a long shot. The country's world-class research and development facilities, extensive industrial value chain convergence, and highly qualified personnel offer a seamless automotive environment on the worldwide stage.
The Germany market dominated the Europe Head-up Display Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $468.2 million by 2027. The UK market is anticipated to grow at a CAGR of 17.5% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 19.3% during (2021 - 2027).
Based on Application, the market is segmented into Automotive (Passenger Cars and Commercial Vehicles) and Aviation (Civil and Military). Based on Type, the market is segmented into Conventional and Augmented Reality (AR)-based. Based on Type, the market is segmented into Projectors/Projection Units, Display Units, Software, Video Generators and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Head-up Display Market Size will Hit $5.9 Billion by 2027, at a CAGR of 19.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Visteon Corporation, Nippon Seiki Co., Ltd., Robert Bosch GmbH, Continental AG, Denso Corporation, Pioneer Corporation, BAE Systems PLC, Panasonic Corporation, Thales Group S.A., and Yazaki Corporation.
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