The global display market is projected to be worth USD 22 billion by the end of this year. The market is expected to register a CAGR of 24% from 2016 to 2022.
Heads-up display devices have soared in popularity in the post-pandemic world because they increasingly use advanced technologies like liquid crystal displays and light-emitting diodes to operate. This does more than making them look nicer. It makes the devices much more reliable and efficient in terms of communicating sensitive information to the drivers or pilots. In turn, it helps drivers and pilots drive safer and save lives in the process.
The North American region is registering a much higher CAGR than other regions. It also commands a much higher market share. The reason for this is that the American and Canadian governments, especially, are becoming much more conscious about the safety of passengers who fly or take mass transit systems. Therefore, they’re passing much more stringent rules and regulations for commercial pilots and drivers. These drivers and pilots must drive and/or fly vehicles with heads-up display devices embedded into them.
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The European Union follows the North American region in terms of market share. Many European governments have been mandating that luxury and other high-end vehicles have heads-up display devices installed in them before they are put up for sale.