Head-up Display Market Regional Analysis:
North American Market Insights
The share of head-up display market in North America, amongst the market in all the other regions, is projected to be the largest with a share of about 35% by the end of 2035. The growth of the market can be attributed majorly to the presence of the biggest road networks in the countries such as the United States together with the growing number of people who drive in the region besides rising concern about the increasing number of road accidents. For instance, as per findings, the United States had more than 2 million motor vehicle accidents in 2018 leading to over 3 million injuries and more than 37,000 deaths. Moreover, the growing aviation industry as well as the increasing incidences owing to distracted driving in the region are anticipated to propel the demand for vehicles with HUD and other advanced features to eliminate such mishaps. All these factors are expected to boost market growth.
Europe Market Insights
The European head-up display market is estimated to be the second largest, registering a share of about 24% by the end of 2035. The growth of the market can be attributed majorly to the increasing investment in research and development in the automotive industry to imbibe the latest technologies in the vehicles along with the growing demand for premium cars besides the rising ownership of semi-autonomous and connected vehicles in the region. Additionally, the rising innovations and investment in cockpit displays for commercial and military aircraft are further expected to propel the head-up display market growth in the region.
APAC Market Insights
Asia Pacific region is expected to observe significant growth till 2035. The growth in the region is backed by the surging disposable income of the population in emerging economies such as India and China which is leading to the increasing demand for luxury cars together with the growing production of electric vehicles with updated technologies.
