Global Automotive Head-Up Display Market is expected to reach ~USD 4000 Mn by 2028F: Ken Research

Global Automotive Head-Up Display Market By Sales Channel

The Global Automotive Head-Up Display market is segmented by Sales Channel into Original Equipment Manufacturers and Aftermarket.

Original Equipment Manufacturers (OEMs) accounted for the larger share of the market in 2022.

The OEM sales channel is expected to retain its dominance over the aftermarket owing to the increased adoption of HUD solutions by luxury to mid-segment automotive manufacturers.

More and more OEMs are adopting automotive HUDs as they help make enhanced safety features a saleable proposition to consumers. HUD outputs notably reduce distraction and help the driver to better concentrate on the road.

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Global Automotive Head-Up Display Market By Geography

The Global Automotive Head-Up Display market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

In 2022, North America accounted for the largest share of the market.

The dominance of the North American region in the market is led by the USA market's growth in the automotive industry. The adoption of safety features is fast becoming a regular practice in the United States market, both in passenger cars and commercial vehicles.

High percentage of accidents caused by driver distraction in USA is a major concern, resulting in sales growth for automotive HUDs, especially in commercial vehicles like pick-up trucks. The growing trend of connected vehicles in developed countries is also resulting in growth for the market in the North American and Europe region.

Competition Scenario In Global Automotive Head-Up Display Market

The Global Automotive Head-Up Display (HUD) market has ~100 players, including globally diversified players, regional players, and country-niche players having expertise in addressing the exact needs for country-specific vehicle types and traffic conditions.

Large global players constitute ~20% of the market in terms of the number of competitors, while regional players hold the largest share. Some of the major players in the market include Robert Bosch GmbH, Continental AG, Denso Corporation, Visteon Corporation, Nippon Seiki Co., LTD., Panasonic, Pioneer Corporation, Yazaki Corporation, Garmin, LG Display, etc.

What Is The Expected Future Outlook For The Overall Global Automotive Head-Up Display Market Across The Globe?

The Global Automotive Head-Up Display market was valued at USD ~billion in 2022 and is anticipated to reach USD ~4 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Automotive Head-Up Display market is driven by growing demand for connected vehicles and increased adoption of advanced safety features, the growing demand for luxury vehicles across the globe, the surge in focus on improving the in-vehicle experience, and the availability of cutting-edge technologies helping produce head-up displays at low cost. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Automotive Head-Up Display market is changing rapidly. For instance, In February 2022, Continental announced its head-up display for trams. According to Continental, the HUD will help better intra-urban traffic by ensuring that drivers are able to focus their full attention on what is happening on the road.

In January 2022, Panasonic introduced its Augmented Reality HUD 2.0 at CES 2022, one of the most influential tech events in the world. The HUD comes with a patented eye-tracking technology that significantly improves the augmented reality experience of the vehicle. The technology, as claimed by Panasonic, helps optimize the AR imagery for clarity and accuracy.

The Global Automotive Head-Up Display (HUD) market is expected to grow at a rapid pace during the forecast period. Multiple factors will drive growth in this segment, including a steady rise in the adoption of connected vehicles that come with advanced safety features, the growing demand for luxury vehicles across the globe - especially in the emerging auto markets, the surge in focus on improving the in-vehicle experience, and the availability of cutting-edge technologies helping vehicle manufacturers to reduce head-up display manufacturing cost.

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Key Topics Covered in the Report

Snapshot of the Global Automotive Head-Up Display (HUD) Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Automotive
Historic Growth of the Overall Global Automotive Head-Up Display (HUD) Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of the Global Automotive Head-Up Display (HUD) Industry
Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
COVID-19 Impact on the Overall Global Automotive Head-Up Display (HUD) Market
Future Market Forecast and Growth Rates of the Total Global Automotive Head-Up Display (HUD) Market and by Segments
Market Size of Application Segments with Historical CAGR and Future Forecasts
Analysis of the Global Automotive Head-Up Display (HUD) Market
Major Production/Supply and Consumption/Demand Hubs within Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

Robert Bosch GmbH
Continental AG
Denso Corporation
Visteon Corporation
Nippon Seiki Co., Ltd.
Panasonic
Pioneer Corporation
Yazaki Corporation
Garmin
LG Display

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Notable Emerging Companies Mentioned in the Report

EyeLighhts SAS
CY Vision
Raythink Technology Co., Ltd.
Envisics
Futurus

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Automotive Head-Up Display (HUD) and Component Manufacturers
Components Suppliers for Automotive HUD Systems
Automotive Manufacturers
Mobility-tech startups
Potential Entrants into Automotive Electronics
PE and VC Firms focused on Automotive Electronics Segment
Communications and IT Hardware Companies targeting Automotive Industry
Manufacturers of Automotive infotainment systems
Automobile Original Equipment Manufacturers (OEMs)
Distributors, Suppliers, and Channel Partners of Automotive Electronics
Mobility-Tech/ Travel/ Transport Industry Investors/ VC Funds
Government Ministries and Departments of Transportation Industry
Vehicle Safety Authorities/ Research Organizations
Emerging and Startup Companies in Automotive infotainment systems
Automotive Market research and consulting firms
Organizations, forums, and alliances related to automotive infotainment
Associations, organizations, forums and alliances related to automotive infotainment systems
Government bodies such as regulating authorities and policy makers

Time Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

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https://www.kenresearch.com/business-research/global-automotive-head-up-display-market-outlook-2028/

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.