[Avionics Today 08-19-2015] The Head-Up Display (HUD) market in military aviation in the United States will grow at a Compound Annual Growth Rate (CAGR) of 3.5 percent in terms of unit shipment between 2015 and 2019, as indicated by a new report by Research and Markets. According to the report, the defense budgets of various countries in the Asia Pacific, such as China and India, are expected to increase due to the upsurge in military modernization programs and the growing tensions across borders and with other countries.
For 2014 through 2015, India and China announced defense budgets of $38.35 billion and $132 billion, respectively, indicating that both countries are planning to increase their defense forces. India, for instance, is opting for military modernization programs to upgrade and repair its Cold War era equipment and vehicles. This will increase the demand for U.S. aircraft and helicopters from these regions, leading to increase in the fitment rate of HUDs in new aircraft that are more technologically advanced than the previous ones, thus driving the growth of the HUD market in military aviation in the U.S.