Automotive Head Up Display Market Assessment Covering Growth Factors and Upcoming Trends (2019-2025) | By Product - Windshield HUD Market, Combiner HUD Market | By Technology - Conventional HUD Market, Augmented Reality HUD Market
The two major product categories of the automotive Head-Up display technology are Windshield HUD and Combiner HUD. In 2018, windshield HUD dominated the global automotive HUD market, thereby, generating a market size of US$ 794.06 million by 2020. In contrast, the combiner HUD segment is expected to increase at the highest CAGR of 25.5% during the forecasted period. The key growth drivers for the global automotive HUD market could be evolving vehicle technology and increasing demand for high-end luxury and mid-sized vehicles. Moreover, the significant adoption of advanced driver assistance system (ADAS) technology due to growing consumer interest and strict government regulations for safe driving additionally adds worth to the overall market growth. Global Head-Up Display Market is expected to achieve the market valuation of US$ 3,436.49 million by 2025 increasing at a significant CAGR of 23.3% during the forecasted period (2019-2025) from US$ 804.53 million in 2018.With an increase in the number of automobiles on the road, there is a significant rise in car accidents which is leading to strict vehicle safety regulations across various regions. Therefore, consumers are focusing more on safety-related features in cars while making a purchase decision. The growing interest of consumers towards safety and comfort has accelerated the potential benefits of HUDs in cars. The technology market of Automotive HUD is segmented into augmented reality and conventional technologies within which Augmented Reality HUD dominated the market in 2018, with an overall market share of 68%. However, rises in the adoption of conventional technologies in the mid-priced and economic vehicle segment is expected to propel its demand, making it the fastest-growing technology during the analyzed period. On the contrary, Augmented reality HUD technology is expected to maintain its dominance during the same period generating a revenue size of US$ 2,182.96 million by 2025. The number of key players operating in the Augmented Reality HUD market includes Continental, Bosh, Nippon Seiki, Visteon Corporation, and Denso Corporation.
Request for Sample of the report - https://univdatos.com/request_form/form/181
Automotive Head-Up display market witnesses two channels of sales including OEMs and after-sales market analyzed during the study. OEM’s sales channel was the biggest market for automotive HUD technology, followed by an aftermarket sales channel, which is anticipated to witness the highest CAGR growth of 22.4% during the forecasted period 2019-2025. In 2018, North America dominated the OEM sales channel segment market, however, the Europe region is expected to become the largest market post-2019. The automakers prefer to buy automotive HUDs from original manufacturers rather than relying on the third party or aftermarket. The OEM sales channel is less prone to risks or faults in the products. The products or services belong to a brand that already has established a market presence. Owing to this, automakers are one of the primary consumers of the products of the original HUD manufacturers. In the automotive HUD system industry, several HUD manufacturers have already partnered with the automakers to expand their business in the market. For instance, Nippon Seiki, a prominent player of Japan provides its HUDs to some of the leading automakers such as BMW, GM and Audi. The major factor driving the growth of the HUD application in the luxury vehicles is increasing demand for ADAS technologies across luxury cars by end consumers and automotive brands. The growing interest for advance safety features across premium segment vehicles by end consumers is high which has forced car manufacturers to install smart features including a head-up display in their upcoming models. The premium car segment dominated the adoption of HUD technology for secure riding, followed by Luxury and SUV segments. The luxury car segment is anticipated to grow at the highest CAGR of 25.7% during the forecasted period 2019-2025.
Additionally, for better investigation and penetration of automotive head-up display technology, the report splits the global HUD market into discrete region and countries including North America (the U.S., Canada, Mexico and Rest of North America), Europe (Russia, Germany, France, U.K., Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific) , Latin America (Brazil, Argentina, Chile and Rest of Latin America) and Middle East and North Africa( UAE, Saudi Arabia, Kuwait,, Qatar, Algeria, Egypt and rest of Middle East and North Africa). In 2018, North America dominated the worldwide automotive Head-up display market, however, the Asia-Pacific region is anticipated to overtake North America by 2024 to become the largest market for automotive HUD technology. Countries such as the US and Canada adopt modern technologies relatively earlier than any other region. Factors such as technological advancements and increasing need for safety and security concerns are the major drivers for the Automotive Head-Up Display market in the region. Europe's automotive HUD market is anticipated to witness a CAGR growth of 26.6% during the forecasted period.
Browse Complete Report with TOC @ https://univdatos.com/report/global-market-insights-on-automotive-head-up-display-insights-and-forecast-2019-2025
Some of the major companies profiled in the global automotive HUD study include Aptiv Plc, AUDI AG, Continental AG, Daimler AG, Denso Corporation, Harman International Industries, Inc., Robert Bosch GmbH, TomTom NV, Visteon Corporation, and Yazaki Corporation. These players consistently aim to focus on product development, new product launch and enhance their existing portfolios to expand their customer base and strengthen their market position through partnerships and collaborations which further offers them growth opportunities for geographic expansion.
Automotive Head-Up Display Market Segmentation
Market Insights, by Product
Windshield HUD
Combiner HUD
Market Insights, by Technology
Conventional HUD
Augmented Reality HUD
Market Insights, by Sales Channel
OEMs
Aftermarket
Market Insights, by Vehicle Type
Luxury Cars
Premium Cars
SUVs
Market Insights, by Region
North America Automotive Head-Up Display Market
United States
Canada
Mexico
Rest of North America
Europe Automotive Head-Up Display Market
Germany
France
United Kingdom
Russia
Italy
Spain
Rest of Europe
Asia-Pacific Automotive Head-Up Display Market
China
Japan
India
South Korea
Singapore
Australia
Rest of APAC
MENA Automotive Head-Up Display Market
United Arab Emirate
Kingdom of Saudi Arabia
Algeria
Kuwait
Egypt
Qatar
Rest of MENA
Latin America Automotive Head-Up Display Market
Brazil
Argentina
Chile
Rest of Latin America
Top Company Profiles
Aptiv Plc
AUDI AG
Continental AG
Daimler AG
Denso Corporation
Harman International Industries, Inc.
Robert Bosch GmbH
TomTom NV
Visteon Corporation
Yazaki Corporation
Have Any Query? Ask Our Industry Experts @ https://univdatos.com/request_form/form/181
Contact Us
UnivDatos Market Insights (UMI)
E-14B, Sector-8, Noida
India
Tel: 0120-4326511
Email: sales@univdatos.com
Web: https://univdatos.com
About UnivDatos Market Insights (UMI)
UnivDatos Market Insights (UMI) is a rapidly emerging market research firm that offers the most relevant and effective research solutions. With our unique approach to gathering valuable data and using actionable insights, we help our clients develop winning market strategies, so they can explore market-entry and growth opportunities to drive smart decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Head Up Display Market Assessment Covering Growth Factors and Upcoming Trends (2019-2025) | By Product - Windshield HUD Market, Combiner HUD Market | By Technology - Conventional HUD Market, Augmented Reality HUD Market here
News-ID: 1861243 • Views: …
More Releases from UnivDatos Market Insights (UMI)
Airline Route Profitability Software Market - Industry Size, Share, Growth & For …
The Airline Route Profitability Software Market is expected to grow at a steady rate of around 10% owing to the increased adoption of technologies such as artificial intelligence, mobile and conversational commerce coupled with business analytics and market intelligence. Thus, helping airlines to identify demand trends and increase profit margins by calculating and evaluating the cost of currently operated routes. Moreover, the rising need to find shorter as well as…
Building Energy Management System Market - Industry Size, Share, Growth & Foreca …
Global Building Energy Management System market is expected to register a CAGR of around 11% over the period of 2022-2028. A building energy management system (BEMS) is a computer-based system that monitors and controls a building's electrical and mechanical equipment such as lighting, power systems, heating, and ventilation. Growth in technological advancement has made building energy management systems a vital component for managing energy demand, especially in large building sites.…
Cloud Computing Market - Industry Analysis by Size, Share, Growth & Forecast (20 …
Internet penetration rate and data generated yearly are some of the most prominent factors driving the growth of the cloud computing market because as the size of generated data increases the need for this data to be stored either in physical storage devices or in cloud storage also increases. Moreover, physical storage devices are easy to access but they are more expensive and less secure than cloud storage, there is…
Perimeter Security Market Report 2022 - Global Business Trends, Emerging Growth, …
Perimeter security refers to an integrated system that enables the physical security of a facility. It helps in protecting against unauthorized physical intrusion. Outdoor perimeter security includes technologies such as video surveillance systems, access control systems, communication and notification systems, and intruder detection systems. Recent technological advances have introduced infrared, microwave, radar, and seismic sensors. This has contributed to the robustness of these systems.
Download a Sample Copy of this Report…
More Releases for HUD
Automotive Augmented Reality Market Forecast to 2028 - Covid-19 Impact and Globa …
The consistent evolution of the augmented reality technology has had its impacts on the automotive industry too. The rapidly evolving demands for the AR technology in the automotive sector ensures and focuses on driver safety. The head-up displays (HUDs) provide comfort for the driver for reading the things displayed as well as provide a comprehensive vision to surrounding factors. The HUDs are equipped with transparent displays and guide the driver…
Automotive HUD Market Forecast to 2028 - Covid-19 Impact and Global Analysis - b …
Automotive head up display (HUD) refers to a transparent display that projects the map and several other information on the windshield of the vehicle. The HUD takes information related to the vehicle's information from OBD port and entertainment, map, call related information from the phone. The idea to mount an HUD on the dashboard in front of the driver's seat is to minimize the distraction of infotainment system placed on…
Automotive Augmented Reality Market Forecast to 2028 - Covid-19 Impact and Globa …
The consistent evolution of the augmented reality technology has had its impacts on the automotive industry too. The rapidly evolving demands for the AR technology in the automotive sector ensures and focuses on driver safety. The head-up displays (HUDs) provide comfort for the driver for reading the things displayed as well as provide a comprehensive vision to surrounding factors. The HUDs are equipped with transparent displays and guide the driver…
Automotive Head-up Display (HUD) Industry HUD Technologies, Key Players, Demands …
Automotive Head-up Display (HUD) Industry Report: Installation of OEM HUD for Passenger Cars Soared by 94.1% Year on Year in China in 2018
In 2018, 308,900 units of OEM HUDs were installed in passenger cars in China, a 94.1% upsurge from a year earlier, according to our recent report -- Automotive HUD Industry Report, 2018-2019.
We worked out 2019Q1 lists of passenger car HUD supplier ranking by competitiveness with efforts from secondary…
Global Market Insights on Automotive Head-up Display, 2019-2024: Emphasis on Pro …
Safety and security is the major aspect that could act as a driver for the Automotive Head-Up Display market. This aspect has always been crucial for the consumers as well as the auto manufacturer's perspective. In case of accidents, the Automotive Head-Up Displays can send an SOS message along with the coordinates of the driver's location. In case of theft, the owners can track their vehicles easily using a smart…
Global Automotive HUD Market Is Majorly Driven By Rise In Demand For HUD Display …
SAN FRANCISCO, Nov. 08, 2017 Global Automotive Head Up Display Market size was valued at $527 million in 2016 and expected to reach $2,786 million by 2024; growing at a CAGR of 23.1% from 2016 to 2024. In geographical segments, Asia Pacific and Rest of the World (RoW) are expected to grow at a CAGR of 24.1% and 23.3%, respectively, over the forecast period 2016 - 2024.
Click Here to Request…