Press release
Automotive Head-up Display (HUD) Market to Receive Overwhelming Hike in Revenues By 2030 | TMR Study
The automobile industry is prospering at a rapid rate. Barring the short-term negative impact on the growth of the automobile sector during the strict lockdown period, it is regaining rapidly. Factors such as rising disposable income of the global populace and the emergence of affordable passenger vehicles are leading to increased sales. This, in turn, influences the growth of the automotive head-up display (HUD) market to a great extent.Access Complete Report of Automotive Head-up Display (HUD) Market @ https://www.transparencymarketresearch.com/automotive-head-up-display-market.html
Head-up displays show varied information regarding speed, indicator arrows during navigation, or warning signals directly in the sight of the driver. S/he does not have to look constantly at the instrument cluster for obtaining information. This aspect makes head-up displays one of the most important components of any passenger vehicle, eventually inviting growth.
The researchers at Transparency Market Research (TMR), after a scrutinized study on varied aspects, conclude that the global automotive HUD market may expand at a robust CAGR of ~22 percent during the tenure of 2020-2030. The global automotive Head-up Display (HUD) market is expected to account for a value of US$ 4.7 bn by the end of the forecast period, that is, 2030.
The role of technology is crucial for the advancement of the automotive HUD market. Various advanced tools such as Augmented Reality (AR) and Artificial Intelligence (AI) are helping in adding a large number of features to the head-up display. This aspect will serve as a great growth factor for the automotive HUD market. Furthermore, the growing use of LEDs and LCDs is proving to be an additional feature for inviting growth.
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Automotive HUD Market: From Analysts View
The analysts at Transparency Market Research opine that the ongoing political tensions between two prominent revenue-generating countries, China and India may impede the growth of the automotive HUD market to a certain extent. The analysts further advise the players in the automotive Head-up Display (HUD) market to introduce both advanced and basic level HUDs to fulfill the need for premium as well as affordable passenger vehicle buyers.
Automotive HUD Market: Key Revelations
On the basis of vehicle type, the passenger vehicle segment held a large share of the automotive HUD market
In terms of technology, the conventional HUD segment acquired a lion's share of the automotive HUD market
In the context of region, Asia Pacific and Europe are prognosticated to acquire a dominant position on the back of growth contribution
Automotive HUD Market: Growth Accelerators
Growing urbanization and the overwhelming demand for smart technologies in vehicles may bring extensive growth prospects for the automotive Head-up Display (HUD) market.
The popularity of connected vehicles across the globe may serve as prominent growth-contributing factors for the automotive HUD market
The introduction of novel projection technologies based on electromechanical systems is further anticipated to bring phenomenal growth for the automotive HUD market
Analyze global automotive head-up display (HUD) market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea.
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Automotive HUD Market: COVID-19 Impact
Key vehicle manufacturers around the world had to shut down their production units due to the strict stay-at-home orders imposed by various countries. This factor led to a decrease in vehicle production and sales. The impact of these factors directly affected the growth of the automotive HUD market negatively.
Nevertheless, to revive the economy, many countries have allowed the operation of manufacturing plants and other units. This aspect will help the automotive HUD market to gain notable growth. In addition, many people prefer private vehicles to avoid public transport because of the pandemic, thus increasing the demand for passenger vehicles. This aspect eventually impacts the automotive HUD market positively.
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Global Automotive Head-Up Display (HUD) Market - Segmentation
By Vehicle Type
Passenger Vehicle
Commercial Vehicle
By Dimension Type
2D HUD
3D HUD
By Type
Windshield HUD
Combiner HUD
By Technology
Augmented Reality HUD
Conventional HUD
By Sales Channel
OEM
Aftermarket
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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