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Automotive Head-up Display (HUD) Market Share, Trends, Analysis and Industry Forecast, 2017 - 2024: Global Market Insights Inc.
Increasing sales of global car industry has propelled automotive head-up display (HUD) market. It is a desired component of vehicle which provides direction and ease of accessibility in the car without physical contact. Economic backdrop around the world and positive sales position raised component demand. Growing investment on luxury cars is another factor that has positively impacted demand of the product.
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Big luxury car manufacturers such as Audi and BMW has launched this technology in their products. Technological upgradation has progressed to the point where it is feasible, it is used in navigation as well as road marking. It is also useful in conditions like bad visibility.
Increasing demand of automobiles will lead to surge in automotive head-up display (HUD) market. GST is the factor that drives consumption in the industry. Overall reduction of tax burden on consumers has triggered investment on vehicles. This industry plays a significant role in the economy of a country and generation of revenue.
Diversion from voice, flashing text and low light efficiency can result into major car accidents that can impact demand of the product. Excessive cost of this innovative technology is another factor that hinders growth of automotive head-up display (HUD) market.
North America led by the U.S. is largest manufacturer of luxury cars. The product is optional in low budget but is mandatory in all luxury cars. It provides ease in accessibility, vision, direction and adds value, prestige in vehicle. Sales of premium luxury cars and SUV’s has witness increase of over 3%, 1% respectively in 2016.
Europe automotive head-up display (HUD) market will witness robust growth as the region is the largest buyers of cars in the world. United Kingdom sold over 2 million cars and trucks in 2012, one of the highest figure recoded. It is home to many volume car manufacturers and commercial vehicles. More than 70% of vehicle manufactured in the region is exported to various countries for consumption.
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Key manufacturers in automotive head-up display (HUD) market includes Nippon Seiki, BMW Group, Panasonic Corporation, Micro vision Inc., Visteon Corporation. General Motors Company announced key restructuring in 2017, aiming to drive tougher business performance and focus on its capital resources on corporate prospects expected to deliver higher revenues. The company will focus on export manufacturing and more focused and disciplines operations. BMW AG announced production expansion in near future. Being the most prominent luxury car manufacturer, it is heading towards expanding its production capacity to meet needs and desires of end consumers.
Automotive Head-up Display (HUD) Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
https://www.gminsights.com/industry-analysis/automotive-head-up-display-hud-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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