According to a market report by Lucintel, the future of micro LED in the global head-up display market looks promising with opportunities in the automotive and aviation markets. Micro LED in the global head-up display market is expected to reach an estimated $25.0 million by 2028 with a CAGR of 56.1% from 2023 to 2028. The major drivers for this market are 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.
Conventional head-up display and augmented reality (AR) based head-up display are two segments of micro LED in the global head-up display by type. Lucintel forecasts that augmented reality (AR) based head-up display will remain the larger type segment over the forecast period 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 this market, automotive will remain the larger application segment from during the forecast period as major OEMs are opting for advanced HUDs in their premium and exclusive vehicle ranges to improve the driving experience and increasing installation of advanced AR-based head-up displays in luxury cars worldwide.
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.
Sony Group, Oculus VR, Samsung Electronics, X-Celeprint, Nanosys, Aledia, Verlase Technologies, and Jade Bird Display are the major suppliers of micro LED in the global head-up display market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for micro LED in the global head-up display market by type, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities for Micro LED in the Global Head-Up Display Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for micro LED in the global head-up display market by type, application, and region, as follows:
Micro LED in the Head-Up Display Market by Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Conventional Head-Up Display
Augmented Reality (AR) based Head-Up Display
Micro LED in the Head-Up Display Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Micro LED in the Head-Up Display Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page 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 email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for 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)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?