Automotive Head-Up Display Systems market SWOT analysis,PEST analysis & Forecast

Global automotive head-up display systems market is estimated to value US$ 491.6 Mn in 2016 and is projected to register a CAGR of over 24% in terms of value during the forecast period 2017–2026.

The global automotive head-up display systems market report has been segmented on the basis of product type, sales channel, car type, and region.

Automotive head-up display (HUD) system is a system that projects information either onto the windshield of a vehicle or a small transparent screen called a combiner.

HUD systems display vehicle speed and provide alerts, while also displaying navigation information etc., thereby allowing users to understand other useful points and aspects while driving.

Demand for automotive HUD systems is being hampered by implementation of stringent safety norms by governments of various countries, but driven by rising demand for convenience, safety, and comfort among consumers globally.

Increasing per capita spending and growing urbanization are primary factors driving sales of luxury and premium cars. With an increasing number of car manufacturers installing head-up displays in mid-range car models, revenue from sales of HUD systems is expected to further increase significantly over the forecast period.

High cost of R&D and technology are primary factors expected to hamper market growth to a certain extent over the forecast period. In addition, complying with stringent safety norms is one of the major challenges hampering installation by automotive equipment manufacturers (OEMs).

In 2017, the luxury cars/premium cars segment account for more than 60% share. This is owing to increasing technology advancements in luxury and premium cars for safety purpose and to encourage good driving behavior without distracting the driver.

Adoption of advanced system such as head-up display in sports cars which will help driver to drive safely by displaying all the information on the windshield or on the combiner is expected to drive the market.

The market in the US is expected to account for highest revenue share in North America automotive head-up display systems market in 2017, and is expected to dominate North America market for next ten years.

Increasing preference for mid-segment cars loaded with technologically advanced features among population in countries in this region is expected to drive growth of the head-up display systems market in this region.

The windshield product type segment has been estimated to account for major revenue share in 2017, and is expected to continue contributing major revenue share during the next ten years.

The luxury/premium cars segment in the global automotive head-up display systems market has been estimated to account for revenue of US$ 391.5 Mn in 2017, owing to increasing demand for integrated head-up display systems in luxury/premium cars for safety purposes

To get more info @ https://marketresearch.biz/report/automotive-head-up-display-market/request-sample/

North America market has been estimated to account for revenue of US$ 189.9 Mn in 2017, and is expected to register a lucrative CAGR during the forecast period owing to technological advancements, increasing per capita spending, and rising demand for luxury & premium cars in countries in this region.

Some major players operating in the global automotive head-up display systems market include Nippon Seiki Co., Ltd., Continental AG, DENSO CORPORATION, Delphi Automotive LLP., LG Display Co., Ltd.

MarketResearch.biz is a specialized market research, analytics, and solutions company, offering strategic and tactical support to clients for making well-informed business decisions. We are a team of dedicated and impassioned individuals, who believe strongly in giving our very best to what we do and we never back down from any challenge. MarketResearch.biz offers services such as data mining, information management, and revenue enhancement solutions and suggestions.

Lawrence John
Prudour Pvt. Ltd.
420 Lexington Avenue, Suite 300
New York City, NY 10170,
United States
Email ID: inquiry@marketresearch.biz
Tel: +1-347-826-1876
Website: https://marketresearch.biz

This release was published on openPR.