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Technavio’s market research analyst predicts that the global microdisplay market will grow at a phenomenal CAGR of close to 24% by the end of the forecast period. An important factor driving the prospects for growth in this market is the increasing demand for heads up displays (HUDs). In China, the increasing acceptance of HUDs in the automotive industry will pave the way for compact and less expensive HUDs. This increase in the acceptance of HUDs has, in turn, encouraged HUD manufacturers to develop innovative and technologically advanced HUDs for all kinds of vehicles. A combiner HUD is one such type of technologically advanced HUD, which can be installed in small family cars with limited space in the cockpit. Since these HUDs need only a small glass to project the information instead of the entire windshield, they consume less than half the installation space and are well suited for compact vehicles.
A significant trend spurring growth in this market is the increasing demand for multipurpose helicopters. Multipurpose helicopters are increasingly gaining traction in the global military sector due to their ability to assist in air assaults, ground attacks, medical evacuation missions, search and rescue, and troop transportation. Since these helicopters reduce military capital expenditure and eliminate the need for helicopters specific to operations, its demand among the end users will increase drastically over the next few years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by technology
PART 08: Market segmentation by end-user
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Summary of key figures
PART 17: Appendix
PART 18: Explore Technavio
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