Share
Automotive Heads-Up Display (HUD) Market: By Vehicle Type (Midsize, Luxury, Sports Utility Vehicle, Commercial Vehicle), By HUD Type (Combiner, Windshield), By Technology (Augmented HUD, Conventional HUD), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2032
Automotive ‘Heads-Up Display’ is seen in the driver’s sight line; the data is presented on the windscreen or the specified transparent section so that brightness stays unaffected. Ever since then, technology has advanced substantially, enabling each iteration of HUD to display more data with greater clarity. Since it eliminates the need for the driver to glance down at a traditional display panel, the HUD is largely an active safety feature. Today's HUDs can also display information like navigation instructions, engine rpm, and warning lights greatly reducing the amount of time a driver has to look away from the road. The feature also has a certain tech-savvy and feel-good elements to it.
Automotive Heads-Up Display (HUD) Market to surpass USD 3921.3 million by 2032 from USD 853.5 million in 2021 at a CAGR of 14.9% in the coming years, i.e., 2022-32. The Automotive Heads-Up Display (HUD) Market is driven by expanding consumer awareness of vehicle and road safety, increasing demand for bettering the in-car experience for passengers, and rapid growth in the luxury and high-end automotive segments, mostly in emerging markets. Moreover, vehicle owners are increasingly concerned about their passengers and their safety, which is what ultimately propels the market's growth.
Automotive Heads-Up Display (HUD) Market is categorized on the basis of Vehicle Type into Midsize, Luxury, Sports Utility Vehicle, and Commercial Vehicle. The Luxury Vehicles sector is anticipated to dominate the Automotive Heads-Up Display (HUD) Market over the forecast. The introduction of artificial reality head-up displays in high-end vehicles is due to their stable prices and larger profit margins. HUD is a standard feature in high-end cars from many automakers. HUD and other safety features are in high demand since automobile fans are ready to spend more for them, which increases the market for luxury vehicles.
Automotive Heads-Up Display (HUD) Market is categorized on the basis of Technology into Augmented HUD and Conventional HUD. The conventional segment will witness a sizable share of the Automotive Heads-Up Display (HUD) Market. The driver may monitor traffic conditions, the state of the car from the outside, and other important information by using the AR HUDs. The advanced driver assistance system and other vital safety features like pedestrian warning, blind-spot recognition, or night vision are also displayed utilizing augmented reality. During the forecast period, these technologies are anticipated to increase demand for HUDs with augmented reality in connected and autonomous vehicles.
Get More Information - Download Free Sample
The drivers very often need to look away from the road to view an instrument cluster. During this, the driver needs to adjust his vision for closer distances. The vision must again adapt to the higher visual distance after reading the instrument cluster, which takes time. Directly above the driver's sight line, a head-up display shows important statistics including navigation, speed, and other driving assistance information. The HUD's output lessens distractions, allowing the driver to concentrate more on driving. OEMs are deploying Heads-Up Display in their vehicles due to these features. So, it is anticipated that increased safety awareness will increase demand for automotive heads-up displays.
The current head-up display system is being improved by automakers and HUD industry participants. Geological positioning system (GPS)-enabled HUDs of the present can display error and warning messages on the windshield. HUD is becoming more affordable for manufacturers due to technological advancements without compromising the display quality. The creation of an ultra-thin augmented reality HUD system that projects brilliant, colorful visuals on the windshield was made possible by fusing electromechanical micro mirror-based devices with automation and augmented reality-based approaches.
The new costly advanced HUDs with augmented reality capabilities are only found in high-end and luxury vehicles. Due to the integration of modern display systems with augmented reality capabilities increasing the overall cost of the vehicle, market participants are finding it challenging to introduce the most recent HUDs in the economy and mid-segment vehicles. The HUDs on the windshield takes up a lot of room in the car's cockpit. OEMs must redesign the car's cockpit in order to address this. Compact, requiring less room, and offering a sharper, better image with all the necessary information is the ultra-thin HUD. These elements are impeding the growth of the Automotive Heads-Up Displays (HUD) Market.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Automotive Heads-Up Display (HUD) Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Over the forecast period, the Automotive Heads-Up Display (HUD) Market is anticipated to be dominated by the Asia Pacific region. The Japanese auto industry is a global leader in cutting-edge technologies and a significant market for luxury cars. Moreover, almost all major OEMs have made investments in the Chinese market, which favors compact and reasonably priced passenger vehicles. The demand for and sales of luxury vehicles is increasing in China, the largest automotive market in the Asia Pacific. The demand for high-end vehicles with cutting-edge comfort and safety technologies has increased due to China's rising automotive production levels.
Get More Information - Download Free Sample
The Automotive Heads-Up Display (HUD) Market is experiencing negative effects due to COVID-19 pandemic. Since governments imposed limitations on travel and mobility, manufacturers have noticed a decline in HUD sales in recent months. The worldwide vehicle sales segment is adversely affected by the closure of plants. New COVID-19 cases in major revenue-producing nations like Russia and India, nonetheless, are anticipated to restrain the market growth.
REPORT ATTRIBUTE |
DETAILS |
|
Market Size Value in 2021 |
USD 853.5 million |
|
Revenue Forecast in 2032 |
USD 3921.3 million |
|
Growth Rate |
CAGR of 14.9% from 2022 to 2032 |
|
Base Year for Estimation |
2021 |
|
Quantitative Units |
Revenue in USD million and CAGR from 2022 to 2032 |
|
Report Coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments Covered |
Vehicle Type, HUD Type, Technology, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
|
Key Companies Profiled |
Panasonic, Continental AG, BAE Systems Plc, Thales Group, Denso Corporation, LG Display Co. Ltd., Harman International, Garmin Ltd., JVCKENWOOD Corporation, Nippon Seiki Co. Ltd., Visteon Corporation, KYOCERA Corporation, Way Ray, Valeo, HUD Solutions, and Other Prominent Players. |
The Automotive Heads-Up Display (HUD) Market size was estimated at USD 853.5 million in 2021 and is expected to reach USD 3921.3 million in 2032.
The Automotive ‘Heads-Up Display’ is seen in the driver’s sight line; the data is presented on the windscreen or the specified transparent section so that brightness stays unaffected.
The Luxury and Conventional HUD segments accounted for the larger share of the Automotive Heads-Up Display (HUD) Market.
Key players in the Automotive Heads-Up Display (HUD) Market are Panasonic, Continental AG, BAE Systems Plc, Thales Group, Denso Corporation, LG Display Co. Ltd., Harman International, Garmin Ltd., JVCKENWOOD Corporation, Nippon Seiki Co. Ltd., Visteon Corporation, KYOCERA Corporation, Way Ray, Valeo, HUD Solutions, and Other Prominent Players.
The Automotive Heads-Up Display (HUD) Market is driven by expanding consumer awareness of vehicle and road safety, increasing demand for bettering the in-car experience for passengers, and rapid growth in the luxury and high-end automotive segments, mostly in emerging markets.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
