The automotive industry is expected to witness an impressive growth rate during the forecast period, with the Automotive Head-Up Display (HUD) market projected to surpass $10 billion by 2028. The growth of the automotive head-up display market is due to the increasing adoption rate of advanced technologies by OEMs, the growing connected cars market, and increasing adoption of advanced driver assistance systems globally. Additionally, the need for safety and the rising number of road accidents is driving the integration of head-up displays in the automotive industry, particularly in mid-size and economic car segments. Conventional HUD technology is predicted to account for the largest share in the global automotive head-up display market during the forecast period. The growth of the conventional HUD technology is primarily due to the increasing importance placed on vehicle and passenger safety systems by automotive customers.
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The North American market held the largest share of the automotive head-up display market in 2023, with the US being the major contributor to the market. However, the European automotive HUD market is expected to surpass the North American market by 2028, owing to the increasing demand for premium and luxury cars equipped with HUDs. Furthermore, the Asia-Pacific automotive head-up display market is expected to witness the fastest growth due to the rapidly growing demand for mid-segment cars equipped with head-up display systems.
Several major key players operate in the automotive head-up display market, including Robert Bosch GmbH, Panasonic Corporation, Continental AG, Harman International Industries Inc., LG Electronics Inc., Denso Corporation, Yazaki Corporation, Pioneer Corporation, Garmin Ltd., and Nippon Seiki Co. Ltd. TechSci Research conducted primary and exhaustive secondary research to analyse the market size for the global Automotive Head-Up Display market. The research included the preparation of an exhaustive list of Automotive Head-Up Display manufacturers operating globally, followed by primary research surveys with the identified companies. The product offerings and regional presence of all major Automotive Head-Up Display suppliers across the globe were also analysed by TechSci Research.
Objective of the Study:
- To analyze and forecast the market size of global automotive head-up display market, in terms of value & volume.
- To classify and forecast global automotive head-up display market based on vehicle type, electric vehicle type, HUD type, technology, end-user, and regional distribution.
- To identify drivers and challenges for global automotive head-up display market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. In global automotive head-up display market.
- To conduct the pricing analysis for global automotive head-up display market.
- To identify and analyze the profile of leading players involved in the global automotive head-up display market.
TechSci Research conducted primary research surveys and exhaustive secondary research to perform this study. Initially, TechSci Research compiled a list of the top manufacturers operating globally. Subsequently, TechSci Research conducted primary research surveys, including primary calls and email responses, with the identified companies. During the interviews, the respondents were asked about their competitors. Using this technique, TechSci Research was able to include manufacturers that could not be identified through secondary research limitations. TechSci Research analyzed the service offerings, distribution channels, and presence of all major players in the HUD market.
Using a bottom-up approach, TechSci Research calculated the market size for the automotive HUD market. Data for various end-user segments was recorded and forecast for future years. These values were sourced from industry experts and company representatives and validated externally by analyzing historical data of these product types and applications to arrive at an appropriate overall market size. TechSci Research also studied various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports.
The study is useful for providing answers to critical questions that are important for industry stakeholders such as automotive head-up display manufacturers, customers, and policy makers. The study can help them target growing segments over the next two to five years, facilitating investment decisions and expansion. Key target audiences for this study include original device manufacturers (ODMs) and stakeholders, system integrators, head-up display original equipment manufacturers (OEMs), assembly and packaging vendors, associations, organizations, forums, and alliances related to HUD, and market research and consulting firms.
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About TechSci Research:
TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
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The global Automotive Head Up Display Market is very fragmented due to the presence of a various sizable number of players which forms a competitive environment.
The report entails all-inclusive information related to the newest market updates like new ideas, market size, opportunity, growth path and trends for the forecast period of 2021-2027 to realize competitive edge across the world.
This report also highlights various important strategic mergers and acquisitions, company overview, financial details, and therefore the latest development undertaken.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Automotive Head Up Display Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/automotive-head-up-display-market/download-sampleMarket DynamicsBooming automotive sector on account of increasing car sales is directly driving the market demand.
Also, rising demand of safety and warning system to minimize collision rate is likely to push the market demand upwards in forecasting period.
However, high installation cost of HUD is projected to hinder the market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
Global Automotive Head-up Display (HUD) Market Research Report: Information by Product Type (Windshield and Combiner HUD), Technology (Augmented Reality and Conventional HUD), Display Mode (In-Car and On-Board), Vehicle Type (Passenger Car and Commercial Vehicle), Propulsion (ICE and Electric Vehicle), Sales Channel (OEM and Aftermarket), and Region (North America, Europe, Asia-Pacific, and the Rest of the World)– Forecast till 2025
An automotive head-up display is a transparent display projected on the windshield of an automobile that presents the same information which one could get from the dashboard.
Automotive HUD can reduce accidents by eliminating the distraction caused by looking around for details required.
However, the high cost of windshield HUD is a major restraint that could hinder the market growth.
The high-power consumption and lack of luminance are considered as the key factors restraining the growth of this market.
Based on propulsion, the global market has been segmented into ICE and electric vehicle.
The augmented reality HUD overlays the external environment of the vehicle with virtual imagery that appears to be a part of the driving situation.
This type of HUD highlights the street signs, enables advanced navigation that appears as arrows flowing over the road, and detects and illuminates the vehicles ahead to alert the driver of the distance between vehicles.
These advanced HUD functions are also projected to play a significant role in developing fully autonomous driving technology.Browse in-depth TOC on "Automotive HUD Market"359 – Tables70 – Figures300 – PagesThe COVID-19 pandemic has resulted in halted production and plunging sales and has forced the key players in the global automotive field to rethink their strategies.
The development and implementation of safety features are expected to slow down as well.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=112729713D HUD segment, by technology, is estimated to be the fastest-growing Automotive HUD Market during the forecast period.The 3-D HUD technology is attractive to leading auto manufactures because it is compact, does not require eye tracking, and provides a deeper field of view than the existing HUD displays.
The 3-D AR HUD can display information at different distances depending on the driving speed (e.g., 40 m ahead when driving at 40 km/h in urban areas, 80 m ahead when driving at 80 km/h on highways).The presence of any object can be detected with the help of 3-D projecting using sensors.
The luxury car segment includes brands like Audi, BMW, Land Rover, Mercedes Benz, and Jaguar, which are priced higher than USD 50,000.
