Automotive Head-Up Display Market Top Players - Yazaki Corporation, Visteon Corporation, Huawei Technologies Co.,Ltd., Valeo.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Automotive Head-Up Display Market- (By Technology (Conventional HUD, Augmented Reality HUD), By HUD Type (Windshield HUD, Combiner HUD), By Dimension Type (2D HUD, 3D HUD), By Passenger Car Class (Economy Cars, Mid-segment cars, Luxury cars), By Vehicle Type (Passenger cars, Commercial Vehicles), By Electric Vehicle Type (BEVs, PHEVs, HEVs, FCEVs), By Propulsion Type (ICE Vehicles, Electric Vehicles), By Level of Autonomy (Non-Autonomous Cars, Semi-Autonomous Cars, Autonomous Cars), By Sales Channel (OE Fitted, Aftermarket), By Offering (Software, Hardware)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Automotive Head-Up Display Market is valued at US$ 0.95 Bn in 2022, and it is expected to reach US$ 3.38 Bn by 2031, with a CAGR of 15.34% during a forecast period of 2023-2031.

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The Head-Up Display (HUD) technology allows users to view information without obstructing their field of vision, typically by projecting graphics onto the windshield. There is a growing need for high-end luxury and mid-size vehicles equipped with advanced safety features like HUDs, driven by increased smartphone and navigation system usage.

Furthermore, implementing stringent government safety regulations, ongoing price reductions of HUDs, technological advancements, and the natural growth of the automotive industry will all contribute to market expansion in the foreseeable future. Automakers and HUD industry players are continually enhancing these systems. Modern GPS-enabled HUDs can display error and warning messages directly on the windshield. Stringent safety regulations and the rising popularity of luxury vehicles have positioned HUDs as vital driver and passenger safety systems, creating lucrative opportunities for market players. The increasing integration of smartphones and tablets with in-car entertainment and information systems, as part of the growing vehicle connectivity trend, is driving the demand for advanced driver assistance systems. Currently, manufacturers are focusing on developing HUDs capable of recognizing pedestrians.

List of Prominent Players in the Automotive Head-Up Display Market:
• Nippon Seiki Co., Ltd.
• Continental Ag
• Panasonic Holdings Corporation
• Denso Corporation
• Foryou Corporation
• Yazaki Corporation
• Visteon Corporation
• Huawei Technologies Co., Ltd.
• Valeo
• Jiangsu Zejing Automotive Electronics Co., Ltd.
• Hyundai Mobis
• Lg Electronics
• Harman International
• Wayray Ag
• Futurus Technology Co., Ltd.
• Hudway, Llc
• Hudly
• Cy Vision
• Envisics
• Zhejiang Crystal-Optech Co., Ltd.
• E-Lead Electronic Co., Ltd.
• Maxell

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Market Dynamics:
Drivers-
Using the Automotive Head-Up Display helps boost safety when flying in areas of limited vision, over obstacles on the ground, or on other aircraft. HUD aids at the landing phase of the flight when it is known that many plane accidents occur. Showing the touchdown location helps the pilot visualize the distance between the flight route to a safe landing & the position of the recently flown aircraft. As a result, demand for automotive head-up displays is anticipated to increase during the forecasted period. Additionally, the industry is expanding due to consumer demand for a better driving experience. Major growth factors for the head-up display market in the automotive industry include rising demand for high-end luxury and mid-size cars with cutting-edge safety features like head-up displays, increasing mobile device and navigation systems use, the introduction of stricter administration safety regulations, continual price reductions of head-up displays, advancements in technology, and organic growth in vehicle production.

Challenges:
The market will be restrained by the growing popularity of portable multimedia, which could cause the driver to become distracted while driving and the flashing text and voice to cause accidents. Due to lower production and even lower demand for head-up displays to ensure the safety of their personnel during the pandemic crisis, COVID-19 is one of the main obstacles for the worldwide automotive HUD industry. A large cockpit area for windshield HUDs constrains the head-up display. Global adoption of automotive head-up displays is constrained by the cockpit size required to accommodate a virtual reality head-up display. Advances in technology are propelling the automotive sector ahead.

Regional Trends:
The Asia Pacific automotive head-up display market is expected to register a major market share in revenue and is projected to grow at a high CAGR shortly. The country has significant market penetration and widespread use of safety systems thanks to the automotive industry's steady development, particularly in the passenger car segment. These devices are already used in commercial vehicles like pick-up trucks to increase driver visibility and decrease nighttime collisions. Besides, Europe had a substantial share of the market. Some of the initial factors influencing the market growth in the regional market include rising levels of financial freedom among the general public, unmet demands of auto enthusiasts, the penetration of products in underserved areas, accessibility to both public and private funds for research, and a favourable environment for the establishment of the automotive market.

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Recent Developments:
• In Sept 2022- Nippon Seiki Co., Ltd commenced large-scale production at its newly founded subsidiary, NIPPON SEIKI POLAND Sp. Z o.o. (hence referred to as NSPL), located in Lodz, the Republic of Poland. The initial offering pertains to head-up displays designed specifically for the BMW Group.
• In Jan 2022- Panasonic Automotive introduced the Driveable Augmented Reality Head-Up Display (AR HUD) 2.0, featuring a patented Eye-Tracking System, during the Consumer Electronics Show (CES) of 2022. This exclusive invention was developed by integrating an infrared camera with the augmented reality head-up display (AR HUD) projector and optics. As a result, the requirement for a separate driver-facing camera has been eliminated.

Segmentation of Automotive Head-Up Display Market-
By Technology-
• Conventional HUD
• Augmented Reality HUD
By HUD Type-
• Windshield HUD
• Combiner HUD
By Dimension Type
• 2D HUD
• 3D HUD
By Passenger Car Class
• Economy Cars
• Mid-segment cars
• Luxury cars
By Vehicle Type
• Passenger cars
• Commercial Vehicles
By Electric Vehicle Type
• BEVs
• PHEVs
• HEVs
• FCEVs
By Propulsion Type
• ICE Vehicles
• Electric Vehicles
By Level of Autonomy
• Non-Autonomous Cars
• Semi-Autonomous Cars
• Autonomous Cars
By Sales Channel-
• OE Fitted
• Aftermarket
By Offering
• Software
• Hardware
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.