London, 6 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global HUD market in military aviation 2015-2019, which is expected to grow at a CAGR of 2.01% by revenue during the period of 2014-2019.
The increase in the production of military aircrafts and helicopters propel the prospects of growth in this market. Increasing budget for defense in countries like South Africa and regions like APAC will escalate the demand for heads-up displays (HUDs) in the military aviation sector. Also, the development of compact and cost-effective HUDs for aircrafts and helicopters will result in its high fitment rate.
“HUD systems used in aircraft are generally bulky and require a lot of installation space. To tackle this challenge, HUD manufacturers are introducing wearable HUDs, which follow the pilot’s head movement and eliminate the need for a bulky projector and a combiner. The wearable HUDs have an in-built projector to transmit the image on the visor or wearable glass,” says Faisal Ghaus, Vice President of Technavio.
“Unlike a fixed HUD, wearable HUDs give the pilot greater flexibility. For instance, pilots can now look sideways and still get information from datalink and automatic dependent surveillance broadcasts regardless of what is happening in front of him.”
Key Market Drivers:
- Growing Defense Budget in APAC.
- Growing Demand for Multipurpose Helicopters for Military.
- Increase in Fitment Rate of HUDs in Military Aviation.
- Increasing Focus on Expanding Operational Capability of Aircraft.
- Increase in Safety Concerns.
Key Market Trends:
- Introduction of Innovative HUDs.
- Rise of Next-generation Micro Display Technologies.
- Availability of Compact Low-cost HUDs.
- Emergence of Wearable HUDs.
Key Market Vendors:
- BAE Systems plc
- Elbit Systems Ltd.
- Esterline Technologies Corp.
- Honeywell Aerospace
- Rockwell Collins Inc.
- Saab Group
- Thales Group
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
