Automotive Head-Up Display (HUD) Market Overview
Automotive Head-Up Displays (HUD) Market in terms of value is estimated to register a 24.09% CAGR during the forecast period. The report covers segmentation and the market dynamics for a better glimpse of the market in the coming years. Automotive HUDs find application in the automotive industry with major end users such as premium automotive companies. HUD technology presents many opportunities and challenges for mitigating driver distraction and improving driver comfort and engagement.
Automotive Head-Up Display (HUD) market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.
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Globally Major key Players accelerates the Automotive Head-Up Display (HUD) Market are, Robert Bosch GmbH, Continental AG, Panasonic Corporation, Denso Corporation, Visteon Corp., Yazaki Corporation, Pioneer Corporation, Nippon Seiki Co., Ltd., Alps Alpine Co., Ltd., and Garmin Ltd.
- Increase situational awareness by incorporating the advanced
- Increase in demand for windshield HUDs
Most important Segments of Automotive Head-Up Display (HUD) market covered in this report are,
The global market for automotive HUDs is segmented into component, product type, fuel type, and end user. By component, the global automotive HUD market comprises of projectors/projection units, display units, video generators, software, and, others. The software is required for data updates and information sharing. The software in a HUD is a management technology that helps in wireless firmware upgrades on a device. This software helps facilitate bug fixes, improve the functionality of electronic control units (ECU), and updates the old versions of the firmware. The software updates information about maps, audio, video multimedia, configuration data, and firmware.
By product type, the global automotive HUD market is segmented into Windshield HUD and Combiner HUD. The combiner HUD segment will register considerable market share owing to its compact design along with its ease in projection in multiple positions. A low requirement of installation space as compared to other products will propel the market growth. Ease of installation and integration into the vehicle cockpit is expected to accentuate product demand.
By technology, the global automotive HUD market is segmented into augmented reality and conventional. The AR segment will register strong growth in the market owing to the availability of additional safety features including night vision or blind-spot detection, and pedestrian warning. It also supports advanced driver assistance systems that inform drivers regarding warnings, road signals, and speed limits. It also displays traffic conditions, vehicle conditions, and relevant driver information.
By fuel type, the global automotive HUD market segmented into ICE and electric. ICE is expected to record a significant share in the market owing to the increasing market penetration of ICE-powered vehicles across the globe. The rising demand for safety features in vehicles, along with rising developments in CNG-powered vehicles will accentuate the automotive HUD market share. Increasing technological advancements in ICE is also expected to propel product demand over the forecast timeframe.
By end user, the global automotive HUD market is segmented into luxury cars, mid-segment cars, and economic cars. The economic car segment is projected to gain a substantial share over the projected timeframe. The cars in the economic cars segment are priced up to USD 20,000. The increase in demand for passenger cars with advanced features and an increase in the sales of economic cars in developing countries such as India, China, Thailand, and Indonesia are further expected to propel the demand for HUDs in these vehicles. The economic cars segment is expected to register a CAGR of 26.36%.
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Automotive Head-Up Display (HUD) Industry Influence of the global market report:
- Comprehensive assessment of all opportunities and risks in the Automotive Head-Up Display (HUD) Market.
- Automotive Head-Up Display (HUD) Market recent innovations and major events.
- A detailed study of business strategies for the growth of the Automotive Head-Up Display (HUD) Market market-leading players.
- Conclusive study about the growth plot of Automotive Head-Up Display (HUD) Market for forthcoming years.
- In-depth understanding of Automotive Head-Up Display (HUD) Market, market-particular drivers, constraints, and major micro markets.
- Favorable impression inside vital technological and market latest trends striking the Automotive Head-Up Display (HUD) Market.
The Automotive Head-Up Display (HUD) market trends is growing pervasively, witnessing an exponential growth backed by the increasing investments, competitive activities, global developments, opportunity, and business trends during forecast period 2022 to 2030.
The global Automotive Head-Up Display (HUD) market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.
Automotive Head-Up Display (HUD) Market Regional Analysis
By region, the market is segmented as North America, Asia-Pacific, Europe, and the rest of the world
In 2018, Europe accounted for the largest share in the global automotive HUD market. In Germany, the increase in research and development by HUD manufacturers and automotive OEMs to implement HUDs in autonomous, sports, and electric vehicles is further expected to raise the demand for HUDs. The automotive OEMs are investing in collaborations and partnerships with the companies in the Asia-Pacific region for the import of automotive HUDs. Also, such manufacturers are importing complete vehicles equipped with automotive HUDs. The stringent government norms to enhance safety components, an increase in the demand for new safety technologies, and comfort and convenience in vehicles are the main driving factors for Europe’s automotive HUD market. Such factors are expected to raise the demand and the domestic production of automotive HUDs to meet the requirements of the European Union safety standard. France is expected to be a substantial market in the global HUD market. Stringent government regulations regarding driver and vehicle safety, rise in the development in HUD technology, the growing consumer demand for the implementation of automotive HUDs in vehicles, and the increase in sales of luxury vehicles are further expected to raise the demand for automotive HUDs in the country.
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