Press release
Automotive HUD Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Automotive HUD Market
The rise in the need for connected vehicles is anticipated to drive the expansion of the automotive HUD market in the future. A connected vehicle refers to a car with internet connectivity. Automotive HUDs enhance the security and safety features of such vehicles via numerous technologies. For instance, data from Visual Capitalist, a visual content platform based in Canada, suggests by 2030, there will be a marked increase in the production of connected vehicles, with 95% of all new vehicles sold being connected vehicles. This is a significant rise from 50% in 2023. Hence, the upsurge in demand for connected vehicles is fuelling the progress of the automotive HUD market.
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What Is the projected market size and growth rate for the automotive hud market?
The size of the automotive HUD market has witnessed exponential growth in the past few years. From being valued at $1.55 billion in 2024, it is projected to expand to $1.89 billion by 2025, with a compound annual growth rate (CAGR) of 21.8%. Factors contributing to the growth during this historic period include the demand for luxury vehicles, increased consumer awareness, government regulations, surge in electric vehicles, and overall economic growth.
The size of the automotive HUD market is predicted to undergo a substantial expansion in the coming years. The market is set to soar to $4.27 billion by 2029, with a compound annual growth rate (CAGR) of 22.6%. Factors contributing to this growth within the forecasted period include the rise of autonomous vehicles, the increased demand for in-car entertainment systems, an emphasis on road safety, escalating traffic congestion, and growing disposable income. The forecast period is also expected to witness certain trends like the integration of augmented reality (AR), the introduction of holographic and 3D displays, the use of gesture control, the application of laser projection technology, and partnerships between automobile manufacturers and tech firms.
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What new trends are reshaping the automotive hud market and its opportunities?
The surge in technological advancements is becoming a crucial trend in the automotive aftermarket. Companies majorly involved in the automotive HUD market are focusing on advancements in technology to establish a robust foothold in the automotive HUD industry. For instance, in January 2024, Nissan, an automotive manufacturer based in Japan, introduced a new entry-grade model, the Nissan Ariya Engage. This compact electric crossover is designed to offer an affordable gateway into Nissan's Ariya lineup. This model accentuates effectiveness and practicality, whilst still possessing the cutting-edge characteristics of electric vehicles. It's outfitted with Nissan's newest technology, including driver assistance systems and connectivity features, all targeted at improving the driving experience. The Ariya Engage stands out for its trendy design and spacious interior, making it suitable for city driving as well as extended trips. This vehicle represents Nissan's pledge towards sustainable mobility and the quest for innovation in the electric vehicle market.
What major market segments define the scope and growth of the automotive hud market?
The automotive hud market covered in this report is segmented -
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
Subsegments:
1) By Windshield HUD: Augmented Reality (AR) Windshield HUD, Conventional Windshield HUD
2) By Combiner HUD: Fixed Combiner HUD, Adjustable Combiner HUD
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Which region dominates the automotive hud market?
North America was the largest region in the automotive HUD market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive hud market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the automotive hud industry growth?
Major companies operating in the automotive hud market include 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
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What Is Covered In The Automotive HUD Global Market Report?
•Market Size Forecast: Examine the automotive hud market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the automotive hud market for a structured understanding.
•Key Players Overview: Analyze major players in the automotive hud market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive hud market.
•Segment Contributions: Evaluate how different segments drive overall growth in the automotive hud market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive hud market.
•Industry Challenges: Identify potential risks and obstacles affecting the automotive hud market.
•Competitive Landscape: Review strategic developments in the automotive hud market, including expansions, agreements, and new product launches.
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