Press release
Rising Demand For Connected Vehicles Ignites Growth In The Automotive Hud Market: An Emerging Driver Transforming The Automotive HUD Market Landscape
Automotive HUD Market
What Is the Projected Growth of the Automotive HUD Market?
Recent years have seen a significant expansion in the size of the automotive HUD market. The market, which is projected to surge from $1.55 billion in 2024 to $1.89 billion in 2025, expects a compound annual growth rate (CAGR) of 21.8%. This historic growth is due to several factors, including the demand for luxury vehicles, more aware consumers, government regulations, an increase in electric vehicles, and general economic growth.
The market size for automotive HUD is anticipated to experience significant expansion in the coming years, with the potential to reach $4.27 billion by 2029, boasting a compound annual growth rate (CAGR) of 22.6%. The projected growth within this timeframe can be credited to several factors such as the development of autonomous vehicles, an escalating demand for in-car entertainment systems, an emphasis on road safety, an increase in traffic congestion, and a rise in disposable income. Key trends for the forecast period encompass the integration of augmented reality (AR), the adoption of holographic and 3D displays, the use of gesture control, the introduction of laser projection technology, and partnerships between automakers and tech companies.
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What Are the Different Automotive HUD Market Segments?
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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What Are the Primary Drivers Shaping the Automotive HUD Market?
The expansion of the automotive HUD market is anticipated to be driven by the rising demand for connected vehicles. A connected vehicle refers to a car with internet access. These vehicles gain increased security and safety through various technologies that are assisted by automotive HUDs. For example, as per the data-driven visual content platform based in Canada, Visual Capitalist, by 2030, it is projected that 95% of newly sold vehicles will be internet-enabled, a significant leap from the 50% in 2023. Thus, the surge in the demand for connected vehicles fosters the development of the automotive HUD market.
Which Companies Are Leading in the Automotive HUD Market?
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
What Are the Major Trends Shaping the Automotive HUD Market?
Gaining momentum in the automotive aftermarket is the key trend of technological growth. To consolidate their place in the automotive HUD market, leading enterprises are concentrating on creating technologically sophisticated products. For example, in January 2024, Nissan, an automotive producer based in Japan, introduced the Nissan Ariya Engage, a new entry-level model. This compact electric crossover is designed to offer an economic starting point in the Nissan Ariya range. The model focuses on efficiency and practicality, all the while maintaining the advanced functionalities associated with electric vehicles. The Nissan Ariya Engage comes with the latest technology from Nissan, inclusive of driver aid systems and connectivity attributes intended to improve the driving experience. The vehicle stands out for its stylish exterior and ample interior space, making it suitable for both city driving and longer voyages. This vehicle showcases Nissan's commitment to green mobility and innovation in the electric vehicle sector.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive HUD Market?
2. What is the CAGR expected in the Automotive HUD Market?
3. What Are the Key Innovations Transforming the Automotive HUD Industry?
4. Which Region Is Leading the Automotive HUD Market?
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