A display system of a head up display that is configured to display, in a display region, a virtual object corresponding to a real object in the real space, the display system comprising: a rendering image generation unit configured to generate a rendering image including the virtual object; a parameter computation unit configured to compute a latency compensation parameter for compensating a latency including a rendering processing latency of the rendering image based on tracking information that is at least one of first tracking information of a mobile body in which the head up display is mounted, second tracking information of a viewer of the head up display, and third tracking information of the real object, wherein the mobile body is movable in the real space, is configured to accommodate the viewer of the head up display, and is one of an automobile, a two-wheeled vehicle, an airplane and a ship; and a warp processing unit configured to generate a display image to be displayed in the display region by performing warp processing in which coordinate transformation is performed on the rendering image according to a curve of the display region, wherein the warp processing unit is configured to perform, in the warp processing, latency compensation processing for compensating the position of the virtual object in the display region based on the latency compensation parameter, the display system further comprising: a processing device that includes the rendering image generation unit and the parameter computation unit, and a head up display controller that includes the warp processing unit, wherein the warp processing unit is configured to output frame information indicating a target frame to be processed in the warp processing to the parameter computation unit, and the parameter computation unit is configured to compute the latency compensation parameter regarding the latency corresponding to the target frame based on the frame information. a rendering image generation unit configured to generate a rendering image including the virtual object; a parameter computation unit configured to compute a latency compensation parameter for compensating a latency including a rendering processing latency of the rendering image based on tracking information that is at least one of first tracking information of a mobile body in which the head up display is mounted, second tracking information of a viewer of the head up display, and third tracking information of the real object, wherein the mobile body is movable in the real space, is configured to accommodate the viewer of the head up display, and is one of an automobile, a two-wheeled vehicle, an airplane and a ship; and a warp processing unit configured to generate a display image to be displayed in the display region by performing warp processing in which coordinate transformation is performed on the rendering image according to a curve of the display region, wherein the warp processing unit is configured to perform, in the warp processing, latency compensation processing for compensating the position of the virtual object in the display region based on the latency compensation parameter, the display system further comprising: a processing device that includes the rendering image generation unit and the parameter computation unit, and a head up display controller that includes the warp processing unit, wherein the warp processing unit is configured to output frame information indicating a target frame to be processed in the warp processing to the parameter computation unit, and the parameter computation unit is configured to compute the latency compensation parameter regarding the latency corresponding to the target frame based on the frame information. a processing device that includes the rendering image generation unit and the parameter computation unit, and a head up display controller that includes the warp processing unit, wherein the warp processing unit is configured to output frame information indicating a target frame to be processed in the warp processing to the parameter computation unit, and the parameter computation unit is configured to compute the latency compensation parameter regarding the latency corresponding to the target frame based on the frame information.