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Automotive Heads-Up Display Global Market Analysis, Trends, Growth, Research And Forecast 2033
Automotive Heads-Up Display Global Market
As per the report, the automotive heads-up display market size has grown exponentially in recent years. It will grow from $1.42 billion in 2023 to $1.79 billion in 2024 at a compound annual growth rate (CAGR) of 26.0%. The automotive heads-up display market size is expected to see exponential growth in the next few years. It will grow to $4.22 billion in 2028 at a compound annual growth rate (CAGR) of 23.8%.
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Passenger Vehicle Production Surge Fuels Automotive Head-Up Display Market
The increase in passenger vehicle production is expected to propel the growth of the automotive head-up display market going forward. A passenger vehicle primarily intends to transport people rather than goods or freight. Head-up displays in passenger cars help make driving safer and more convenient by giving necessary information, lowering driver distraction, and improving situational awareness. For instance, in March 2022, according to European Automobile Manufacturers' Association (ACEA), a Europe-based main lobbying and standards group for the automobile industry in the European Union, the sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Further, in 2021, US auto plants produced about 6.3 million passenger automobiles, a 3.1% increase over 2020. Therefore, the rise in passenger vehicle production is driving the growth of the automotive heads-up display market.
Shenzhen Raythink's Stride In Redefining Smart Car Display Experiences
Technological advancements are a key trend gaining popularity in the automotive head-up display market. Major companies operating in the automotive head-up display market are adopting new technologies to sustain their position in the market. For instance, in May 2023, Shenzhen Raythink Technology Co. Ltd., a China-based AR technology company, launched a new smart car AR head-up display technology. The new technology can project a fully naked-eye 3D image with depth using the OpticalCore picture production unit and wave-layer three-dimension technology, providing futuristic and improved 3D effects to enhance the driving experience.
The automotive heads-up display market covered in this report is segmented -
1) By Head-Up Display Type: Windshield Head-Up Display, Combiner Head-Up Display
2) By Technology: Augmented Reality Head-Up Display, Conventional Head-Up Display
3) By Component: Display Combiner, Display Panel, Projector, Video Generator, Software, Other Components
4) By Vehicle: Luxury Vehicles, Sports Cars, Mid-Segment Cars, Economy Cars
5) By Sales Channel: Original Equipment Manufacturers (OEMs), Aftermarket
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Major companies operating in the automotive heads-up display market report are Robert Bosch GmbH, Sony Corporation, Panasonic Corporation, DENSO Corporation, Continental AG, Mitsubishi Electric Corporation, 3M Company, Bae Systems Plc., Texas Instruments Inc., Yazaki Corporation, Alps Alpine Co. Ltd, Garmin Ltd., Rockwell Collins, Visteon Corporation, Luxoft, Nippon Seiki Co Ltd., Pioneer Corporation, Delphi Automotive Plc., Jaguar Land Rover Automotive Plc., Wayray, Unimax Electric Inc., Envisics, DigiLens Inc., Digilens Inc., Harman International Industries, Fic Group, Hudway LLC., Microvision Inc., CY Vision, Eyelights SAS.
Contents of the report:
1. Executive Summary
2. Automotive Heads-Up Display Market Report Structure
3. Automotive Heads-Up Display Market Trends And Strategies
4. Automotive Heads-Up Display Market - Macro Economic Scenario
5. Automotive Heads-Up Display Market Size And Growth
…..
27. Automotive Heads-Up Display Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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