LONDON–(BUSINESS WIRE)–The new military heads-up display market research from Technavio indicates Negative growth in the short term as the business impact of COVID-19 spreads.
Get detailed insights on the COVID-19 pandemic Crisis and Recovery analysis of the military heads-up display market.
“One of the primary growth drivers for this market is the Integration of Night Vision in HUDs,” says a senior analyst for Industrials at Technavio.
The integration of night vision in HUDs is one of the major factors driving the market growth. Night vision HUD systems are built into military platforms or a soldier’s wearable gear. These systems use infrared sensors and synchronize the image from the sensors onto the HUD. This provides a monochromatic and illuminated view of the surroundings of the operator. It also reduces the response time of the operators in a dynamic battlefield by eliminating the need to switch between HUD and night vision system to view the infrared imagery. The adoption of night vision HUD systems is increasing because they enhance the mission capabilities of both military platform operators and dismounted soldiers.
As the markets recover Technavio expects the military heads-up display market size to grow by USD 2.18 billion during the period 2020-2024.
Military Heads-up Display Market Segment Highlights for 2020
- The military heads-up display market is expected to post a year-over-year growth rate of 9.38%.
- Defense agencies and contractors are coupling wearable military HUD systems with weapon sights and night vision systems.
- Such HUD systems are creating new possibilities for dismounted soldiers, which are promoting the growth of the global wearable military HUD market.
- The global military heads-up display market share growth by the wearable military HUD will be faster than the growth of the market by the platform-based military HUD segment.
- 38% of the growth will originate from the Americas region.
- The modernization of military platforms with advanced HUDs and the focus of the US Army on the development of tactical augmented reality (TAR) HUD will significantly drive the military heads-up display market growth in this region over the forecast period.
- Over 38% of the market’s growth will originate from the Americas during the forecast period. The US is the key market for military heads-up display products in the Americas. Market growth in this region will be slower than the growth of the market in other regions.
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- The military heads-up display market size is expected to accelerate at a CAGR of almost 11% during the forecast period.
- The military heads-up display market is segmented by Geographic Landscape (Americas, EMEA, and APAC) and Product (Wearable military HUD and Platform-based military HUD).
- The market is concentrated due to the presence of few established vendors holding significant market share.
- The research report offers information on several market vendors, including BAE Systems Plc, Bharat Electronics Ltd., Dassault Systemes SE, Elbit Systems Ltd., Honeywell International Inc., Saab AB, Texas Instruments Inc., Thales Group, TransDigm Group Inc., and United Technologies Corp.
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