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Head Up Display (HUD) Vehicle Infotainment Market Analysis 2024-2033 : Forecast Market Size, Top Segments And Largest Region
Head Up Display (HUD) Vehicle Infotainment Global Market Report 2024
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According to The Business Research Company's, The head up display (HUD) vehicle infotainment market size has grown exponentially in recent years. It will grow from $1.31 billion in 2023 to $1.63 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The growth in the historic period can be attributed to rising disposable income of consumers, growth in the use of smartphones and navigation systems, rise in production and sales of luxury vehicles, increasing regulatory standards and consumer demand for advanced driver assistance systems (ADAS), and increasing consumer demand for enhanced in-vehicle experience.
The head up display (HUD) vehicle infotainment market size is expected to see exponential growth in the next few years. It will grow to $3.91 billion in 2028 at a compound annual growth rate (CAGR) of 24.4%. The growth in the forecast period can be attributed to rising global adoption of cloud-based technologies, rising demand for rear seat entertainment, increasing adoption in luxury and high-end vehicles, smartphone integration and infotainment system advancements, and rising urbanization. Major trends in the forecast period include rising demand for innovative automotive technology, technological advancements and augmented reality (AR), adoption of advanced technologies such as 5G and artificial intelligence, growing development of ride sharing and mobility services, and increasing demand for advanced driving-assisted systems.
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Market Drivers and Trends:
The growing demand for connected vehicles is expected to drive the growth of the head-up display (HUD) vehicle infotainment market going forward. Connected vehicles refer to automobiles equipped with internet connectivity and the ability to communicate with other devices, infrastructure, and networks. The demand for connected vehicles is due to enhanced safety, convenience, and efficiency, infotainment and connectivity, and consumer expectations. HUDs in connected vehicles enhance safety, convenience, and the overall driving experience by providing critical information in an easily accessible manner. They integrate various vehicle systems and connectivity features to offer a comprehensive and interactive driving environment. For instance, in December 2022, according to the National Association of Insurance Commissioners, a US-based non-profit organization, there are expected to be 3.5 million autonomous vehicles on American roads by 2025 and 4.5 million by 2030. Therefore, the growing demand for connected vehicles is driving the growth of the head-up display (HUD) vehicle infotainment market.
Major companies operating in the head-up display (HUD) vehicle infotainment market are focused on developing advanced technology such as augmented reality (AR) head-up display (HUD) technology to enhance driver safety and provide a more intuitive and immersive driving experience. Augmented reality (AR) head-up display (HUD) technology overlays digital information onto what users see in the real world. It mixes physical environment elements with computer-generated sensory inputs such as sound, video, graphics, or GPS data. For instance, in January 2023, Harman International Industries, Inc., a US-based automotive company, introduced Ready Vision, a new augmented reality (AR) head-up display (HUD) technology. This features hardware with a broad field of view (12° x 4° or 15° x 5°), extended virtual depth, an ideal eye box, and high brightness, all in a compact design. This AR system integrates advanced software with vehicle sensors to provide drivers with immersive audio and visual alerts. These include turn-by-turn directions, collision warnings, blind spot alerts, lane departure notifications, and alerts for low-speed zones.
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Major Key Players of the Market:
Hyundai Motor Company, Robert Bosch GmbH, Panasonic Automotive Systems Co. Ltd., Audi AG, DENSO Corporation, Continental AG, Valeo SA, Thales Group, Magneti Marelli S.p.A., Harman International Industries Inc., Elbit Systems Ltd., Garmin Ltd., Visteon Corporation, Nippon Seiki Co. Ltd., Pioneer Corporation, Envisics Ltd., DigiLens Inc., Navdy Inc., Microvision Inc., HUDWAY LLC, Hudly Inc.
Head Up Display (HUD) Vehicle Infotainment Market 2024 Key Insights:
• The head up display (HUD) vehicle infotainment market size is expected to see exponential growth in the next few years. It will grow to $3.91 billion in 2028 at a compound annual growth rate (CAGR) of 24.4%.
• The Growing Demand For Connected Vehicles Propels Head-Up Display (HUD) Market Expansion
• Driving The Future Augmented Reality HUD Innovations In-Vehicle Infotainment
• North America was the largest region in the head up display (HUD) vehicle infotainment market in 2023
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