Lucintel Blog: Lucintel Forecasts Micro LED in the Global Head-Up Display Market to Reach $25 Billion by 2028

Monday, July 10, 2023

Lucintel Forecasts Micro LED in the Global Head-Up Display Market to Reach $25 Billion by 2028

According to the recent study the micro LED in the global head-up display market is projected to reach an estimated $25 billion by 2028 from $3.0 billion in 2023, at a CAGR of 56.1% from 2023 to 2028. Growth in this market is primarily driven by increasing awareness about passenger and vehicle safety, convenience offered by combination of satellite navigation technology, and growing demand for connected vehicles and technologically advanced HUDs.

A more than 150–page report is developed to understand trends, opportunities and forecast in micro LED in the global head-up display market by type (conventional head-up display and augmented reality (AR) based head-up display), application (automotive and aviation), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/micro-led-in-head-up-display-market.aspx

“Augmented reality (AR) based head-up display market is expected to remain the largest segment during the forecast period.”

Based on type, the micro LED in the global head-up display market is segmented into conventional head-up display and augmented reality (AR) based head-up display. Lucintel forecasts that the augmented reality (AR) based head-up display market is expected to remain the largest segment due to its increasing penetration in lane departure detection, vehicle proximity detection, blind-spot detection, 360 view, pedestrian detection, route navigation, and road sign simulation applications.

“Within the micro LED in the global head-up display market, the automotive segment is expected to remain the largest application.”

Based on application the automotive segment is expected to witness the highest growth over the forecast period as major OEMs are opting for advanced HUDs in their premium and exclusive vehicle ranges to improve the driving experiences and increasing installation of advanced AR-based head-up displays in luxury cars worldwide.

“Europe will dominate the micro LED in the global head-up display market in near future.”

Europe will remain the largest region during the forecast period due to increasing demand for advanced technologies, growing need for safe and secure driving experience, and rising penetration of heads-up display in vehicles so as to improve visibility and efficiency in this region.

Download Brochure of this report by clicking on https://www.lucintel.com/micro-led-in-head-up-display-market.aspx.

Major players of micro LED in the global head-up display market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Sony Group, Oculus VR, Samsung Electronics, X-Celeprint, Nanosys, Aledia, Verlase Technologies, and Jade Bird Display are among the major micro LED in the global head-up display providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/micro-led-in-head-up-display-market.aspx or helpdesk@lucintel.com.

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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056