"The Road Ahead: Exploring the Expanding Automotive Head-up Display Market"

 The global automotive head-up display market is expected to attain a valuation of US$ 1.3 billion in 2023 and is projected to reach US$ 6.4 billion by 2033, trailing a CAGR of 17.2% during the forecast period.

The automotive industry is swiftly adopting the era of mobility 4.0, marked by the emergence of CASE technologies (connected, autonomous, shared, and electric), increasing sustainability trends, and evolving customer behavior.

Global sales of luxury and premium vehicles are increasing due to the rise in disposable income of consumers, while utility vehicles are gaining popularity worldwide. These factors are driving the growth of the automotive head-up display (HUD) market. Moreover, the increasing affordability of cars among low- and middle-class consumers is further expected to propel market growth.

The market is significantly expanding due to increased awareness of road vehicles and passenger safety. Features such as on board cameras, alert signals, speed limits, and navigation help prevent driver distractions while driving.

Utilizing heads up display car can avoid accidents caused by drivers checking in-vehicle displays and provide excellent driver safety. The growing demand for connected vehicles acts as a significant driver, fuelling the growth of the global automotive head-up display market during the forecast period.

Automotive head up display are used to enhance safety during flights with limited visibility and ground-based obstacles. They aid in landing by providing the pilot with information about the flight path, safe landing position, and proximity to other aircraft. Moreover, this leads to a high demand for automotive head-up displays globally. The desire for an improved driving experience is also fuelling market growth further.

Key Takeaways

  • The United States automotive head-up display industry is projected to expand with a CAGR of 16.8% from 2023 to 2033.
  • The demand for automotive head-up displays in China is expected to capture a CAGR of 17.1% during the forecast period.
  • By dimension, the 3D segment is projected to expand with a CAGR of 19.6% between 2023 and 2033.
  • Germany is expected to secure a CAGR of 17% throughout the forecast period.

Increasing sales of luxury and premium vehicles are expected to fuel the demand for automotive head-up displays during the forecast period - Anticipates an FMI Analyst.

For more information: https://www.futuremarketinsights.com/reports/automotive-hud-market

Competitive Landscape

The market for automotive head-up displays is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

The key industry players operating in the market are

  • Continental AG
  • Denso Corporation
  • Nippon Seiki Co., Ltd.
  • Visteon Corporation
  • Delphi Automotive LLP
  • Garmin Ltd.
  • MicroVision, Inc.
  • LG Display Co., Ltd.
  • Hyundai Mobis
  • KYOCERA Corporation
  • Harman International
  • Panasonic Corporation
  • Robert Bosch GmbH
  • Valeo
  • JVCKENWOOD Corporation

Recent Developments in the Automotive Head-up Display Market

  • In May 2022, Panasonic Automotive Systems announced that Nissan Motor has adopted their 11.5-inch windshield head-up display (WS HUD) for their new Ariya crossover electric vehicle (EV).
  • Panasonic Automotive introduced a new augmented-reality HUD in January 2021. This advanced HUD can display lane edges, road objects, and other crucial information for drivers. Powered by AI, it shares relevant information with the driver and can autonomously identify obstacles such as vehicles, pedestrians, or trash cans.
  • Hyundai Motor Company launched a cluster-less head-up display (HUD) in June 2021. This innovative HUD incorporates optical glass installed in the dashboard and angled toward the driver, providing improved visibility.
  • In 2021, Audi revealed plans to introduce an augmented reality (AR) heads-up display (HUD) in the Audi Q4 e-Tron electric vehicle. The HUD might generate a virtual image that appears to float around ten meters ahead of the driver. Audi claims that this overlaid image might effectively and quickly convey information without confusion.

Key Segments Profiled in the Automotive Head-up Display Market

By Product Type:

  • Windshield
  • Combine

By Technology:

  • Augmented Reality
  • Conventional


Comments

Post a Comment

Popular posts from this blog

Electric Vehicle Charging Station Market Analysis and Market Studies To 2033

  The global   electric vehicle charging station market   is projected to have a high-paced CAGR of 26.6% during the forecast period. The current valuation of the EV charging station market is US$ 10,768.2 Million in 2023. The value of the EV charging station market is anticipated to reach a high of US$ 113,889.1 Million by the year 2033. Restrictive pollution and fuel economy rules, government incentives, and an increase in the number of electric car sales are all factors driving the demand for Electric Vehicle charging station. Advancements in technology and software for electric vehicle charging are predicted to change how EV owners use and benefit from these services. Smart car API and charging networks, for instance, accurately determine an electric vehicle's charge time before the driver plugs the car into a station. Green energy is also projected to play an important role in both public and household electric vehicle charging locations. For owners of EVs, carbon emissions ar
Read more

"Market Shifts: Adapting to Changing Trends in the Automotive Turbocharger Sector"

  The global   automotive turbochargers market   is projected to have a high-paced CAGR of 9.5% during the forecast period. The current valuation of the automotive turbochargers market is US$ 14.3 Billion in 2023. The value of the automotive turbochargers market is anticipated to reach a high of US$ 35.4 Billion by the year 2033. Some key features driving the demand for automotive turbochargers are last-mile delivery and ever-changing mobility services. The present conventional turbocharger market is predicted to develop slowly due to the maturation of the sector and the quick shift to hybrid cars in the face of tight restrictions. Nonetheless, the leading players are developing improved turbos for fuel cells and electric cars, resulting in a massive potential addressable market throughout the projection period. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-135 Moreover, regulatory authorities, such as the United States Environmental Protec
Read more

Aircraft Cabin Interior Market Revenue, Future And Business Analysis By Forecast 2031

  According to ESOMAR-certified Future Market Insights’ (FMI), the  aircraft cabin interior market  is expected to expand at 2.70% CAGR throughout the forecast period. The market is highly competitive with United Technologies Corporation, Safran S.A., Diehl Stiftung & Co. KG, HAECO Group, Honeywell International, Inc., and Panasonic Avionics Corporation encompassing around 50% of global market shares. According to International Civil Aviation Organization, incorporation of low-cost carrier aircrafts in air transport sector has significantly influenced the aircraft cabin interior market. Thriving tourism sector, increase in air traffic, and growing flight iteration are factors driving the market growth. Surge in new aircraft orders and rising popularity of in-flight entertainment system and aesthetic lighting system will proliferate the market demand in upcoming years. Aircraft cabin interior market is anticipated to grow at a healthy pace owing to increasing demand for custom, luxu
Read more