Aerospace Head Up Display Market

Aerospace Head Up Display Market Outlook (2023 to 2033)

The global aerospace head-up display market is likely to cross USD 2,149.6 million in 2023 and is predicted to secure a fast-paced CAGR of 16.1% during the forecast period. The market is expected to record a value of USD 9,580.2 million by 2033. A historical CAGR of 14.0% between 2018 and 2022 has been recorded during the analysis by Future Market Insights.

Attributes	Details
Aerospace Head Up Display Market Share (2022)	USD 1,875.0 million
Aerospace Head Up Display Market Share (2023)	USD 2,149.6 million
Aerospace Head Up Display Market Share (2033)	USD 9,580.2 million
Aerospace Head Up Display Market Share (2023 to 2033)	16.1%

A head-up display is a projection unit that projects a brightly lit image or video onto a transparent surface and is gaining rapid momentum in the aerospace industry owing to its elimination of users’ need to take away their gaze to the infotainment dashboard.

The aerospace head-up display market is witnessing rising adoption as these displays emit details such as current speed, turn-by-turn navigation, posted road signs, and blind spot warnings directly into the pilot’s field of view, such their vision remains forward where the danger lies. Therefore, it is anticipated that the aerospace head-up display market is likely to have significant growth during the forecast period.

Sneak-Peek at Agendas Channeling and Interdicting Growth in the Aerospace Head Up Display Market

The experts at Future Market Insights have identified the key factors responsible for stimulating the demand for aerospace head-up displays in the global forum. Alongside this, several aspects that can tamper with growth in the coming years have also been recognized. Let's take a look at the influential and curbing factors of the concerned market in the following table:

Drivers:

• Increasing demand for the elimination of distraction during the operational processes of an aircraft to offer secure flying is a key driver of the aerospace head-up display market.
• Government initiatives are being taken to install aerospace head-up displays in the aircraft for projecting the necessary information on the widescreen.
• Civil and commercial aviation are expected to gain traction with aerospace head-up displays during the forecast period due to the seamless experience offered by the HUDs.
• Rising implementation of the technological advancements to introduce augmented reality HUDs is likely to drive the aerospace head-up displays market in the coming years.

Restraints:

• The primary factor likely to hamper the growth of the aerospace head-up displays market is the high cost associated with the deployment of the displays in the aircraft.
• There are also several complexities identified by the key players while manufacturing the aerospace head-up displays, which pose a hindrance to the expansion of the market.

Regional Outlook

Conventional Prospects In the North American Aerospace Head-Up Displays Market

North America is projected to hold the highest share of the global aerospace head-up displays and dominate during the forecast period. The North American regions are cumulatively holding a 32.2% share of the aerospace head-up displays market. In 2022, North America held 28.4% of global market shares.

The reasons for the market expansion can be attributed to:

Significant investments are being made in augmented reality technology and other technological advances within this region are being deployed to the aerospace head-up displays.

The presence of large military and defense aircraft bae in North America is a key factor fueling the market size of aerospace head-up displays in this region.

Europe Growth Outlook in the Aerospace Head Up Displays Market

Europe is identified to be the second-leading market share holder in the global aerospace head-up displays market after North America. Currently, the European region is accountable for 20.8% of the total market size for aerospace head-up displays.

The Factors Driving the growth of the Forum in Europe can be recognized as

follows:

• Significant market players in this region are primarily contributing to the growth of the aerospace head-up displays market.
• Increasing demand for the installation of aerospace head-up displays and favorable government policies are likely to foster growth in the European region.

Start-up Ecosystem

The new entrants in the head-up displays market are making revolutionary attempts for better security and added advantage for the different industry verticals like automotive and aerospace. They are making advanced technological attempts to develop solutions further to bolster the growth of the global head-up displays market.

Top Start-ups to Watch for in The Head Up Displays Market:

Attributes	Details
Company Name	Consent, Stockholm, Sweden
Founding Year & Funding	2020, USD 270,000
Description	Swedish electronics start-up Consenz develops solutions to reduce fatal road accidents and improve road safety. The startup develops a connected, voice-assisted HUD that provides access to all functions in a driver’s cell phone while driving. Additionally, a dash camera scans the road ahead and provides valuable data for improving the quality of service.

Attributes	Details
Company Name	Futurus, Beijing, China
Founding Year & Funding	2016, USD 25 million
Description	Chinese start-up provides advanced display technologies for automotive manufacturers. The start-up develops a range of AR and mixed-reality displays for windshields. The start-up's Light Field AR HUD utilizes light field display technology to project virtual information such as navigation, assisted driving, and autonomous driving data onto the windshield., making it a safe flight and eliminating disparities and visual discrepancies.

Competitive Landscape

How are the Key Market Players Adding an Edge to the Aerospace Head Up Display Market?

The key market players focus on organic growth strategies such as product launches, product approvals, and patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. They are anticipated to have lucrative growth opportunities during the forecast period.

Recent Developments Observed by FMI:

• In May 2022, BAE Systems introduced a new Head-Up Display (HUD) that is lightweight, compact, and suitable for both commercial and military aircraft. LiteWave is a laptop-sized head-up display (HUD) that is installed above the pilot's head and displays crucial data like direction, altitude, and speed right in their line of sight.
• According to executives from the company's Toulouse headquarters, Airbus is creating a new enhanced flight vision system (EFVS) for its A320 family of aircraft that may ultimately be applied to other models. The head-up display (HUD), cockpit controls, and sensor make up the EFVS, which is presently in development. In the future, it may also be used for other Airbus aircraft types than the A320.
• In January 2022, Visteon delivers a high-quality intelligent cockpit experience for conventional and electric vehicles. This includes artificial intelligence-based speech recognition and camera domain integration.
• In October 2021, BAE Systems delivered a 1.6-megapixel hawk eye sensor, a key development for targeting and surveillance applications optimally used for battery-powered soldier systems. It has high-performance imaging capabilities in all lighting conditions.

Key Players in the Global Market:

• BAE Systems
• Bharat Electronics Ltd.
• Collins Aerospace, a Raytheon Technologies Company
• Dassault Aviation
• Elbit Systems Ltd.
• Excelitas Technologies Corp.
• Honeywell International
• Saab
• TransDigm Group Inc.
• Thales Group

Scope of the Report

Attributes	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	USD million for Value
Key Regions Covered	North America; Latin America; Europe; Asia Pacific; The Middle East & Africa (MEA)
Key Countries Covered	United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others
Key Segments Covered	Type, End User, Technology, Region
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Aerospace Head Up Display Market Segmentation

By Type:

• Windshield-based
• Combiner-based

By End User:

• Aerospace
• Automotive

By Technology:

• Conventional
• AR-based

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• The Middle East & Africa (MEA)

Frequently Asked Questions

How Big is the Aerospace Head Up Display Market? 

The market is valued at USD 2.1 billion in 2023. 

Who are the key Aerospace Head Up Display Players? 

Bharat Electronics Ltd. and Collins Aerospace are key market players. 

What is the growth forecast for Aerospace Head Up Display Market? 

The market is forecast to register a CAGR of 16.1% through 2033. 

What is the expected share of North America in 2023? 

North America is likely to generate 32.2% revenue in 2023. 

Which is the top trend in the Aerospace Head Up Display? 

Increasing government initiatives is encouraging sales.