Press release
Global Automotive Augmented Reality Market Become Dominant At CAGR Of 17.96% By 2020
About the Automotive Augmented Reality MarketNeed for AR: Deficits of existing HUDs
HUDs have been around since the late 1980s, when General Motors (GM) used it in their Oldsmobile. However, the principal reason for having HUDs, which is to reduce the need of the driver to look away from the road, never changed.
Primary deficiencies of conventional HUDs
Irrelevant information and on-screen space clutter
Inappropriate on-screen positioning or location
Lack of situational information overlays
Lack of interactivity
AR-HUDs
AR in vehicles is an advanced version of the existing HUD systems. It ensures that the pertinent information is situationally and sometimes interactively displayed in front of the driver. The information is displayed in a slightly distant field of vision as convenient either on the windshield or another transparent screen placed nearby.
Technavios analysts forecast the global automotive augmented reality market to grow at a CAGR of 17.96% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive augmented reality market for 2016-2020. To calculate the market size, we have considered the production data of passenger cars, light commercial vehicles (LCVs), and luxury vehicles by manufacturers.
The market is divided into the following segments based on geography:
APAC
Europe
Latin America
MEA
North America
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Technavio's report, Global Automotive Augmented Reality Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Hyundai
MINI (BMW subsidiary)
Continental
Garmin
Pioneer Electronics Corp.
Other prominent vendors
Audi and Honda
Bosch
Delphi Automotive
DENSO
GM
Harman
Jaguar
Mercedes-Benz
Nippon Seiki
Panasonic
Volkswagen
Market driver
electrification of automotive mechanics
For a full, detailed list, view our report
Market challenge
Impact of high costs on unit sales of AR devices
For a full, detailed list, view our report
Market trend
TFT to DMD evolution: A technological leap
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
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