The Automotive Head-Up Display (HUD) Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
Planned and specially invented with an intention of serving military applications, the head-up display was later employed in automotive industry. The automotive head-up display mainly has application in displaying driving control concerning information on the windshield assisting the driver in various function while driving making it for the driver focusing on the road. The automotive head-up displays information either on the windshield of the vehicle or on the screen provided specially for the same purpose. Parameters namely speed, guidance related to directions, wheel RPM is displayed automatically during current times owing to advancement in the technology. Drivers & passenger safety being the priority irrespective of the type of vehicle and region it is employed in, major initiatives and researches are ensuring smart automotive head displays are introduced into the market avoiding mishaps or causalities. Convenience of driver as well as passenger is another parameter taken care of while designing the automotive head-up displays. Luxurious and high-end vehicles majorly are seen equipped with automotive head-up displays as a result of worldwide availability of automotive head-up display products has hiked the demand for automotive head-up displays. Automotive manufacturers are fixated on grouping together head-up displays and vehicles in the economic vehicle segment to pull in new customers. In addition, heightening cognizance reckoning safety device and flared up popularity of head-up displays is expected to contribute towards the growth of the global automotive head-up display market during the forecast period.
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Rising popularity of automotive HUDs and increased aftermarket demand to fuel the growth of conventional head-up displays
The global automotive head-up display (HUD) market is segmented on the basis of type, vehicle class, vehicle type, dimension, sales channel, and geography. Based on type, the global automotive head-up display market is segmented into conventional HUD, and augmented reality HUD. The conventional HUD segment is sub-segmented into windshield-based HUD and combiner-based HUD. The conventional head-up display segment contributed the biggest share to the worldwide market and is relied upon to be an overwhelming segment all through the forecast period. The traditional automotive head-up display are extending their underlying foundations across the economy and mid-range vehicles through aftermarket organizations. The automotive head-up display devices are zeroing in on incorporating ordinary automotive head-up displays across a wide scope of economy vehicles to upgrade security and gain upper hand in the market by keeping up economy of scale. This is evaluated to contribute towards the development of regular HUD during forecast period.
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Increased volume sale of passenger vehicles to drive the growth of automotive head-up display market
Based on vehicle type, the global automotive head-up display market is segmented into passenger vehicles and commercial vehicles. The passenger vehicles are sub-segmented into luxury vehicles, mid-segment vehicles, and economy vehicles. The commercial vehicles are sub-segmented into light commercial vehicles and heavy commercial vehicles. The passenger vehicles held the biggest market income share in 2020 and is expected to observe evident improvement during the forecast period resulting from expanded OEM and aftermarket request and booming number of traveler vehicle.
Based on geography, the global automotive head-up display market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe contributed an overwhelming income share to the worldwide automotive head-up display market in 2020 attributable to thrived demand from Germany and the U.K. Boomed accentuation on improving occupant comfort, elaborated response of associated vehicles, and presence of dynamic innovation designers across the region has contributed towards the improvement of the Europe automotive head-up display market. Asia Pacific is expected to be the quickest developing locale during the forecast period attributable to rising reception of automotive head-up display across developing nations.
Major players active in the global automotive head-up display market include Clarion, Continental AG, DENSO CORPORATION, Garmin Ltd., HARMAN International, HUDWAY, LG Display Co., Ltd., Magneti Marelli S.p.A., Mitsubishi Electric Corporation, Nippon Seiki Co., Ltd., Nvidia Corporation, Panasonic Corporation, Pioneer Corporation, Renesas Electronics Corporation, Robert Bosch GmbH, Saint-Gobain Sekurit, Texas Instruments Incorporated, Toshiba International Corporation, Valeo, Visteon Corporation, Yazaki Corporation, and ZF Friedrichshafen AG.
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