Press release
Automotive HUD Market trends, Top Companies, Share, Growth And Forecast 2033
Automotive HUD Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the automotive HUD industry. This report on automotive HUD market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The automotive HUD market size has grown exponentially in recent years. It will grow from $1.29 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 22.9%. The growth in the historic period can be attributed to luxury vehicle demand, consumer awareness, government regulations, growth in electric vehicles, economic growth.
The automotive HUD market size is expected to see exponential growth in the next few years. It will grow to $3.48 billion in 2028 at a compound annual growth rate (CAGR) of 21.7%. The growth in the forecast period can be attributed to growing autonomous vehicles, rising demand for in-vehicle infotainment systems, increasing focus on road safety, increasing traffic congestion, rising disposable income. Major trends in the forecast period include augmented reality (AR) integration, holographic and 3d displays, gesture control, laser projection technology, collaboration between automakers and tech companies.
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Key Market Players:
Continental AG, LG Display Co. Ltd., Denso Corporation, Visteon Corporation, Nippon Seiki Co. Ltd., Panasonic Holdings Corporation, Pioneer Corporation, Yazaki Corporation, Toshiba Corporation, Garmin Ltd., MicroVision Inc., Hudway LLC., Mitsubishi Electric Corporation, Thales Group, BAE Systems, Bosch Group, Harman International, Magna International Inc., Navdy, Inc., Texas Instruments, HUDWAY, WayRay, DigiLens Inc., Continental Automotive GmbH, Renesas Electronics Corporation, Robert Bosch GmbH, Kyocera Corporation, THALES Group, E-Lead Electronic Co., Ltd., HOLOEYE Photonics AG, Tata Elxsi Limited
Market Drivers:
According to the Automotive HUD Market Report 2024 by The Business Research Company, the key factors driving the growth of the automotive HUD market, includes the growing demand for connected vehicles is expected to propel the growth of the automotive HUD market going forward. A connected vehicle is a vehicle that has an internet connection. Automotive HUDs help connected vehicles by increasing the security and safety of vehicles using various technologies. For instance, in March 2023, according to Visual Capitalist, a Canada-based data-driven visual content platform, by 2030, 95% of new vehicles sold will be connected vehicles, up from 50% in 2023. Therefore, the growing demand for connected vehicles is driving the growth of the automotive HUD market.
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Market segments for home insurance include:
1) By HUD Type: Windshield, Combiner
2) By Technology: Conventional HUD, Augmented Reality HUD
3) By Dimension: 2D, 3D
4) By Fuel Type: BEV, ICE, Hybrid
5) By End User: Passenger Cars, Small Cars, Compact Cars, Mid-Sized Cars, Luxury Cars, SUVs and Crossovers, Light Commercial Vehicles
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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