Automotive Head-Up Display (HUD) Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2025
Global Head-Up
Display Market is anticipated to reach the market valuation of US$ 3,436.49
million by 2025 expanding at an astonishing CAGR of 23.3% in the course of the
forecasted period (2019-2025) from US$ 804.53 million in 2018. Windshield HUD
and Combiner HUD are the major product category of the automotive Head-Up
display technology. In 2018, windshield HUD dominated the global automotive
HUD market and is anticipated to generate a market size of US$ 794.06
million by 2020. On the other hand, combiner HUD segment is anticipated to
expand at highest CAGR growth of 25.5% during the analyzed period. Evolving
vehicle technology and increasing demand for high-end luxury and mid-sized
vehicles are considered to be the key growth drivers for the global automotive
HUD market. Moreover, surging adoption of advanced driver assistance system
(ADAS) technology due to rising consumer interest and stringent government
regulations for safe driving further adds value to the overall market growth.
The ever-growing
interest of consumers towards the safety and comfort owing to the overall
increase in disposable income, which have influenced the consumers to spend
more on technologically advanced products in their vehicles is further
accelerating the demand of the technology in high-end vehicles and SUVs. Based
on the technology market is segmented into augmented reality and conventional
technologies. Augmented Reality HUD dominated the market in 2018, with an
overall market share of 68%, however, rises in the adoption of conventional
technologies in the mid-priced and economic vehicle segment is expected to
propel its demand, making it the fastest-growing technology during the
forecasted period. Whereas, augmented reality HUD technology is expected to
maintain its dominance during the same period. The segment is forecasted to
generate a revenue size of US$ 2,182.96 million by 2025. Augmented reality HUD
is smaller and lighter, compared to that of conventional HUD, thus making it
easier to be integrated into vehicles. Some of the key players operating in the
Augmented Reality HUD market are Continental, Bosh, Nippon Seiki, Visteon
Corporation, and Denso Corporation.
For Regional/country-wise analysis
of the overall adoption of automotive head-up display, technology browse
through – https://univdatos.com/report/global-market-insights-on-automotive-head-up-display-insights-and-forecast-2019-2025
OEM’s and
Aftermarket sales are the two major channels of sales for the automotive HUD
sector analyzed during the study. OEM’s sales channel was the largest market
for automotive HUD technology, followed by aftermarket sales channel, which is
estimated to witness the highest CAGR growth of 22.4% during the forecasted
period 2019-2025. In 2018, North America dominated the OEM sales channel
segment market, however, Europe region is expected to become the largest market
post-2019. Additionally, HUD technology is rapidly capturing every segment of
vehicles manufactured, including luxury vehicles, premium cars and SUVs, among
others. Luxury brands such as Audi, BMW, Lexus, land Rover and Mercedes-Benz
among others are offering a HUD system as a standard or optional add on feature
across their premium vehicles. The growing interest of customers for advance
safety features across the premium vehicle segment has forced the global car
manufacturers to install smart features including head-up displays in their
upcoming model. The premium car segment dominated the adoption of HUD
technology for safe and secure riding, followed by Luxury and SUV segments. The
luxury car segment is expected to grow at highest CAGR of 25.7% during the
forecasted period 2019-2025.
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Additionally, for
better investigation and penetration of HUD the report bifurcates the global
HUD market into distinct region and countries including North America (the
U.S., Canada, Mexico and Rest of North America), Europe (Russia, Germany,
France, U.K., Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan,
India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific) , Latin
America (Brazil, Argentina, Chile and Rest of Latin America) and Middle East
and North Africa( UAE, Saudi Arabia, Kuwait,, Qatar, Algeria, Egypt and rest of
Middle East and North Africa). In 2018, North America dominated the global
automotive Head-up display market, however, the Asia-Pacific region is
anticipated to overtake North America till 2024 to become the largest market
for automotive HUD technology. Further, Europe is anticipated to overtake the
Asia-Pacific market and dominate in 2025. Increasing manufacturing of vehicles
in countries such as India, Thailand and China paired with increasing demand
for safety features in vehicles among Asian consumers would surge such high
growth potential for the technology in the Asia-Pacific region. Europe's
automotive HUD market is expected to witness CAGR growth of 26.6% during the
analyzed period.
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free to contact us for any queries – https://univdatos.com/request_form/form/181
Some of the major
companies profiled in the global automotive HUD study include Aptiv Plc, AUDI
AG, Continental AG, Daimler AG, Denso Corporation, Harman International
Industries, Inc., Robert Bosch GmbH, TomTom NV, Visteon Corporation, and Yazaki
Corporation. These players consistently aim to focus on product development,
new product launch and enhance their existing portfolios to expand their
customer base and strengthen their market position through partnerships and
collaborations which further offers them growth opportunities for geographic
expansion.
Automotive
Head-Up Display Market Segmentation
Market
Insights, by Product
Windshield HUD
Combiner HUD
Market
Insights, by Technology
Conventional HUD
Augmented Reality
HUD
Market
Insights, by Sales Channel
OEMs
Aftermarket
Market
Insights, by Vehicle Type
Luxury Cars
Premium Cars
SUVs
Market
Insights, by Region
North
America Automotive Head-Up Display Market
The US Automotive
Head-Up Display Market
Canada Automotive
Head-Up Display Market
Mexico Automotive
Head-Up Display Market
Rest of NA
Automotive Head-Up Display Market
Europe
Automotive Head-Up Display Market
Germany Automotive
Head-Up Display Market
France Automotive
Head-Up Display Market
United Kingdom
Automotive Head-Up Display Market
Russia Automotive
Head-Up Display Market
Italy Automotive
Head-Up Display Market
Spain Automotive
Head-Up Display Market
Rest of Europe
Automotive Head-Up Display Market
Asia-Pacific
Automotive Head-Up Display Market
China Automotive
Head-Up Display Market
Japan Automotive
Head-Up Display Market
India Automotive
Head-Up Display Market
South Korea
Automotive Head-Up Display Market
Singapore
Automotive Head-Up Display Market
Australia
Automotive Head-Up Display Market
Rest of APAC
Automotive Head-Up Display Market
MENA
Automotive Head-Up Display Market
United Arab Emirate
Automotive Head-Up Display Market
Kingdom of Saudi
Arabia Automotive Head-Up Display Market
Algeria Automotive
Head-Up Display Market
Kuwait Automotive
Head-Up Display Market
Egypt Automotive
Head-Up Display Market
Qatar Automotive
Head-Up Display Market
Rest of MENA
Automotive Head-Up Display Market
Latin
America Automotive Head-Up Display Market
Brazil Automotive
Head-Up Display Market
Argentina
Automotive Head-Up Display Market
Chile Automotive
Head-Up Display Market
Rest of Latin
America Automotive Head-Up Display Market
Top
Company Profiles
Aptiv Plc
AUDI AG
Continental AG
Daimler AG
Denso Corporation
Harman
International Industries, Inc.
Robert Bosch GmbH
TomTom NV
Visteon Corporation
Yazaki Corporation
UMI understands
that you may have your own business need, hence we also provide fully
customized solutions to clients. The Automotive Head-Up Display Market can be customized to country level or any another market segment.
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UnivDatos Market
Insights (UMI)
Email: sales@univdatos.com
Labels: Automotive, automotive head up display market, Automotive HUD Market, automotive market, Automotive Market Research Report, Head up Display Market
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