Automotive Head-Up Display Market

2021-2030 Analysis and Review Automotive Head-Up Display Market

Automotive Head-Up Display Market

Automotive Head-Up Display Market By Type (Windshield Head-Up Display (HUD), Combiner Head-Up Display (HUD)), By Vehicle (Passenger Cars, Commercial Vehicles), By Fuel (Internal Combustion Engine (ICE), Battery Electric Vehicle (BEV), Others), By End User (Mid-Segment Vehicle, Luxury Vehicle, Economic Vehicle) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021 – 2030

07-02-2022 REP-HC-139301 100 pages Format

Global automotive head-up display market is expected to grow at a CAGR of 23.4% during the forecast period (2022-2030). The major drivers for automotive head-up display market are rapid rise in automotive industry, increase in demand of connected vehicles, and increase in awareness about passenger safety. However, the head-up displays in the automotive sector are considered as a promising technology to ensure passenger and vehicle safety since they provide access to information safely without distracting the attention of the driver.

Automotive Head-Up Display Market

Windshield head-up display market leads the HUD Market

Global automotive head-up display market has been segmented on the basis of HUD type, vehicle type, fuel type and end user. The HUD type segment is further sub segmented into Windshield head-up and Combiner head up display. Windshield head-up display market leads the HUD type segment in terms of revenue in the global automotive head-up display market with around 60.36% market share in 2020.  Global windshield head-up display market is driven by increasing adoption of these systems owing to the benefits offered by these HUD systems that ensures driver safety. The windshield HUD systems provides better visibility than combiner HUD systems, provides navigation assistance, night vision, detection of critical road events, augmented reality, predictive traffic notification etc. in the driver’s line of sight that minimizes the risk of distraction. Furthermore, governments across the world have imposed laws banning use of cellphones while driving that is also expected to supplement the market growth of automotive HUD systems during the forecast period.

Combiner Head Up Display Market Remains as the Fastest Growing Market

Combiner head up display is expected to grow at highest CAGR of 24.0% in the forecast period. Many OEM automotive manufacturers such as BMW (Germany), Mazda (Japan), Toyota (Japan), Volvo (Sweden), Audi AG (Germany) etc. have shown interest in combiner head up display market and already offer these systems in their vehicles owing benefits offered by these systems such as navigation assistance, batter/fuel information, cell phone connectivity and notifications etc. that has become standard technological advancement in automobile industry. Furthermore, various OEM automotive manufacturers are also launching new cars in the market equipped with these HUD systems.

Passenger Cars Hold Largest Opportunities in Current and Future Market

Passenger cars is both dominating and fastest-growing vehicle type segment within the global automotive head-up display market. Passenger cars accounts for 65.43% market share in terms of revenue in 2020 and are expected to hold 67% of the market share by 2030. Global passenger cars market is projected to rise at a CAGR of 23.6% during the forecast period 2022-2030. The dominance and fastest growth rate of passenger cars vehicle type segment is attributed to the fact that there’s notable sales of passenger cars globally which is expected to boost the adoption of head-up display in passenger cars and thereby, drive the global automotive head-up display market growth by passenger cars segment. The second fastest growth rate of commercial vehicles is attributed to the fact that there’s substantial sales of commercial vehicles globally however, the adoption of head-up displays in the commercial vehicles is low compared to the passenger cars.

North America Dominates with respect to HUD Market Revenues While APAC to Take Over The growth

Geographically, the global automotive head-up display market has been segmented into North America, Europe, Asia Pacific and Rest of the world (ROW). North America leads the global automotive head-up display market by capturing largest market share in terms of revenue of 31.45 % in 2020. The U.S. market for automotive head-up display is primarily driven by high disposable income per capita, presence of pool of companies offering automotive head-up display system as a standard in vehicles coupled positive government stance on autonomous cars and supportive government stance. Moreover, Asia Pacific automotive head-up display system market is anticipated to grow at highest CAGR of 24.1% during the forecast period. Asia Pacific is expected to be the most lucrative region for the Automotive head-up display market as Asia Pacific is global leader in terms of production and export of vehicles globally. Automobile sector is one of the core of the Asian economy and with increasing demand vehicles equipped with advanced electronic systems including automotive head-up displays the market for automotive head-up display is expected to grow substantially over the forecast period. China, Japan, India and South Korea in total account for approximately 50% of the passenger car and commercial vehicles production.

Innovation Remains as the Key to Enhance Market Share Among HUD Companies

Product launch is the primary strategy adopted by companies in global automotive head-up display system market. New and advanced products help to improve company’s market visibility while competing effectively with key competitors in the market. Partnership and collaboration is the secondary strategy adopted by companies in global automotive head-up display system market. Strategic partnership allows the companies to share their resources to serve their respective self-interest. The partnership also helps to share economic burden and helps to provide better services to consumers. Top companies in the market include Nippon Seiki, Robert Bosch, Visteon Corp, Denso and Continental AG

Historical &Forecast Period

This research report presents the analysis of each segment from 2020 to 2030 considering 2021 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment are calculated for the forecast period from 2021 to 2030.

Report Methodology

Market revenues andCAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top-down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

By Type (2020-2030; US$ Mn)

  • Windshield Head-Up Display (HUD)
  • Combiner Head-Up Display (HUD)

By Vehicle Type(2020-2030; US$ Mn)

  • Passenger Cars
  • Commercial Vehicles

By Fuel Type(2020-2030; US$ Mn)

  • Internal Combustion Engine (ICE)
  • Battery Electric Vehicle (BEV)
  • Others

By End User (2020-2030; US$ Mn)

  • Mid-Segment Vehicle
  • Luxury Vehicle
  • Economic Vehicle

By Region (2020-2030; US$ Mn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Africa

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)

  • Pre Covid-19 situation
  • Post Covid-19 situation

Key questions answered in this report

  • What are the key market segments in current scenario andin the future by product categories?
  • What are the key market segments in current scenario andin the future by regions?
  • What is the key impact of Covid-19 over market revenues andmarket determinants in the global automated head-up display system market?
  • What are the primary andsecondary macro andmicro factors influencing the market growth currently andduring the forecast period?
  • What are the primary andsecondary macro andmicro factors deterring the market growth currently andduring the forecast period?
  • How to overcome the current market challenges andleverage the opportunities in each of the market segment?
  • Who are the key players in the operational predictive maintenance market andwhat are their key product categories andstrategies?
  • What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc. that companies are deploying to enhance market revenues andgrowth?

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