The aerospace head up display market size is poised to surpass USD 2,149.6 million in 2023 and is projected to attain a valuation of USD 9,580.2 million by 2033. The aerospace head up display market share is anticipated to thrive at a CAGR of 16.1% from 2023 to 2033.
Head-up displays allow pilots to keep their concentration on the outside world while providing them with real-time, crucial flying information that is projected directly onto the aircraft’s windshield or a combiner glass. HUDs display crucial information such as altitude, airspeed, direction, navigation, and flight path data. HUDs lessen the stress on pilots and improve response times, especially during crucial flight phases like takeoff, landing, and low visibility situations.
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This is accomplished by removing the need for pilots to continuously move their sight between the instrument panel and the outside environment. The aviation industry embraces HUD systems because they improve situational awareness, lessen cognitive strain, and increase flight safety.
To accommodate the rising demand for air travel, the commercial aviation industry is expanding significantly and is delivering more aircraft. The likelihood of HUD systems being installed as part of the cockpit avionics suite increases when airlines renew their fleets with new aircraft. The aerospace HUD market is growing due to the increase in commercial aircraft deliveries.
HUD technology has been credited for improving flight safety by aviation regulatory agencies, including the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA). To promote and regulate the use of HUDs in commercial and military aircraft, authorities have developed regulations and guidelines. Implementing these rules encourages the use of HUDs and fosters industry growth.
Key Takeaways from Aerospace Head Up Display Market Report:
- In 2018, the global market size stood at USD 1,108.2 million.
- The market expanded at a CAGR of 14.0% from 2018 to 2022.
- In 2022, the global market size stood at USD 1,875.0 million.
- The United States captured 17.7% of global market shares in 2022.
- India captured 17.6% of global market shares in 2022.
- China captured 12.3% of global market shares in 2022.
- The United Kingdom captured 13.2% of global market shares in 2022.
- The windshield-based segment captured 56.5% of global market shares in 2022.
- The aerospace segment acquired 61.2% of global market shares in 2022.
Competitive Landscape
How are the key market players gaining an advantage in the Aerospace Head Up Display market?
The top market participants prioritize organic growth tactics such as product launches, approvals, patents, and events. Inorganic growth strategies observed in the market included acquisitions, partnerships, and collaborations. These initiatives have cleared the road for market players to expand their businesses and client bases. They are expected to see profitable growth prospects during the projection period.
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
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Recent Developments Observed by FMI:
- A new Head-Up Display (HUD) that is small, compact, and appropriate for both military and commercial aircraft was unveiled by BAE Systems in May 2022. The LiteWave head-up display (HUD) is a laptop-sized device that is mounted above the pilot’s head and shows important information like direction, altitude, and speed right in their line of sight.
- According to company executives in Toulouse, Airbus is developing a new enhanced flight vision system (EFVS) for its A320 family of airplanes that could later be used on other models. The EFVS is currently in development and consists of the head-up display (HUD), cockpit controls, and sensor. It could later be used for other Airbus aircraft models besides the A320.
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)
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