Press release
Automotive HUD Market Size, Developments, Major Drivers And Outlook 2033
Automotive HUD Market
The automotive hud market size is expected to see exponential growth in the next few years. It will grow to $3.48 billion in 2028 at a compound annual growth rate (CAGR) of 21.7%. The growth in the forecast period can be attributed to growing autonomous vehicles, rising demand for in-vehicle infotainment systems, increasing focus on road safety, increasing traffic congestion, rising disposable income. Major trends in the forecast period include augmented reality (ar) integration, holographic and 3d displays, gesture control, laser projection technology, collaboration between automakers and tech companies.
Market Overview -
Automotive HUD refers to a technology designed to present information directly in the driver's field of view ahead on the windshield and improve the visual comfort of the driver. It is used to display crucial information and data without diverting the driver from their usual viewing position.
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Rising Demand For Connected Vehicles Ignites Growth In The Automotive Hud Market
The growing demand for connected vehicles is expected to propel the growth of the automotive HUD market going forward. A connected vehicle is a vehicle that has an internet connection. Automotive HUDs help connected vehicles by increasing the security and safety of vehicles using various technologies. For instance, in March 2023, according to Visual Capitalist, a Canada-based data-driven visual content platform, by 2030, 95% of new vehicles sold will be connected vehicles, up from 50% in 2023. Therefore, the growing demand for connected vehicles is driving the growth of the automotive HUD market.
Competitive Landscape -
Major companies operating in the automotive hud market include Continental AG, LG Display Co. Ltd., Denso Corporation, Visteon Corporation, Nippon Seiki Co. Ltd, Panasonic Holdings Corporation, Pioneer Corporation, Yazaki Corporation, Toshiba Corporation, Garmin Ltd., MicroVision Inc., Hudway LLC., Mitsubishi Electric Corporation, Thales Group, BAE Systems, Bosch Group, Harman International, Magna International Inc., Navdy, Inc., Texas Instruments, HUDWAY, WayRay, DigiLens Inc., Continental Automotive GmbH, Renesas Electronics Corporation, Robert Bosch GmbH, Kyocera Corporation, THALES Group, E-Lead Electronic Co., Ltd., HOLOEYE Photonics AG, Tata Elxsi Limited
Technological Advancements Enhance The Automotive Aftermarket
Technological advancement is a key trend gaining popularity in the automotive aftermarket. Major companies operating in the automotive HUD market are focused on developing technologically advanced products to strengthen their position in the automotive HUD market. For instance, in September 2021, Huawei Technologies Co., Ltd., a China-based provider of information and communications technology (ICT) infrastructure and smart devices, introduced advanced automotive HUD with the integration of AR HUD technology. The Huawei AR HUD provides a heads-up display powered by an augmented reality system that transforms the front windscreen of a car into a smart screen and can provide navigation-based information, such as route distance, data on the number of lanes on an incoming road, and other vital data, such as weather conditions.
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Key Segments -
The automotive hud market covered in this report is segmented -
1) By HUD Type: Windshield, Combiner
2) By Technology: Conventional HUD, Augmented Reality HUD
3) By Dimension: 2D, 3D
4) By Fuel Type: BEV, ICE, Hybrid
5) By End User: Passenger Cars, Small Cars, Compact Cars, Mid-Sized Cars, Luxury Cars, SUVs and Crossovers, Light Commercial Vehicles
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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