DUBLIN, Feb. 8, 2024 (Globe Newswire) — By technology (AR-based HUD, traditional), HUD type (combiner, windshield), product (hardware, software), vehicle class, autonomy level Another “Automotive HUD Market”, Dimension Type, Vehicle Type (PC, CV), EV Type and Region – Global Forecast to 2028” report has been added. ResearchAndMarkets.com Recruitment.
The global automotive HUD market is expected to grow from USD 1.0 billion in 2023 to USD 2.2 billion by 2028, at a CAGR of 16.6%. This market is dominated by major manufacturers such as Nippon Seiki Co., Ltd. (Japan), Continental AG (Germany), Denso Corporation (Japan), Panasonic Holdings Corporation (Japan), ForU Corporation (China), and Yazaki Corporation (Japan). It consists ofValeo (France) etc.
With steady growth in demand for luxury cars and high-end segment cars mainly in emerging markets, rising awareness towards occupant and vehicle safety is expected to drive the revenue growth of the automotive HUD market during the forecast period . Additionally, rising demand for connected cars and increasing demand for improved in-car experience are also major factors expected to drive market growth.
The windshield HUD segment is estimated to grow at a notable CAGR during the forecast period
The demand for windshield HUDs is expected to increase in the near future as windshield HUDs provide more information compared to combiner HUDs. Additionally, integration of augmented reality technology in windshield HUDs is expected to drive the growth of the windshield HUD segment during the forecast period.
The Asia-Pacific region will be at the forefront by 2028 due to increasing demand for advanced in-vehicle technologies in developed markets such as China and Japan, increasing demand for luxury cars with advanced in-vehicle safety systems, and increasing demand for automobiles. It is expected to become the largest market for glass HUDs. The installation rate of windshield HUDs in mid-segment vehicles has significantly increased.
2D HUD segment is likely to dominate the automotive HUD market during the forecast period
The 2D HUD segment is anticipated to witness significant growth opportunities in the automotive HUD market during the forecast period. 2D HUD projects real-time information about vehicle speed, upcoming turns, traffic conditions, and relevant warnings to help vehicle owners and drivers stay aware of their surroundings and make informed decisions. Helpful.
Additionally, 2D HUDs can work with various advanced driver assistance systems (ADAS) and safety features to display warnings and related information from these systems directly to the driver. All these aforementioned parameters are likely to support the revenue growth of his 2D HUD segment during the forecast period.
Asia Pacific shows high growth potential for automotive HUD market
Asia Pacific is projected to become the largest market for automotive HUDs during the forecast period. China, India, Japan, South Korea and Rest of Asia-Pacific are considered as Asia-Pacific for market analysis. One of the key factors driving market growth in the region is the mass production of passenger vehicles and the increasing penetration of connected cars and other advanced technologies. China and India are considered manufacturing hubs for the automotive industry.
According to the International Automobile Construction Organization (OICA), China and India together produce about 30 million cars a year. As the production of automobiles increases, demand for advanced automobile-related technologies is also expected to increase. This is expected to drive the growth of the automotive HUD market in the region.
key attributes
| report attributes | detail |
| number of pages | 331 |
| Forecast period | 2023-2028 |
| Estimated market value in 2023 (USD) | 1 billion dollars |
| Projected market value to 2028 (USD) | $2.2 billion |
| compound annual growth rate | 16.6% |
| Target area | global |
Market trend
- driver
- Increased awareness of passenger and vehicle safety
- Demand for improved in-car experience
- The growing popularity of connected cars
- Demand for luxury cars and high-end cars is steadily expanding, mainly in emerging markets
- Fusion of advanced technology
- restraints
- Requirement for more space in the car cockpit
- Insufficient brightness and high power consumption
- opportunity
- Increasing demand for semi-autonomous vehicles
- Increasing penetration rate of electric vehicles
- Introducing portable HUD to low-priced and mid-range cars at a low price
- Development of comprehensive voice-operated HUD system
- Increased investment in automotive HUDs
- assignment
- High cost of advanced HUD systems
- Regular update requirements
patent analysis
- introduction
- Legal status of patents (2012-2022)
- Top Patent Applicants (2012-2022)
case study analysis
- BOYD's thermal solution for automotive HUD
- Visteon Corporation's Compact HUD System
- Complete test system for HUD windshields by CP Industries and Radiant
- Embitel Proof of Concept (PoC) Development of Laser-Based and Gesture Controlled HUD
Technology overview
- Current sensor technology used in HUDs
- Technological advances in the near future
- Adoption of connected cars
new trends
- HUD for motorcycle windshield
- HUD for motorcycle helmet
- AR HUD
- Traditional and AR HUD Development, 2017-2023
- Automotive HUD technology roadmap
Introduced companies
- Continental AG
- CY Vision
- Denso Corporation
- Envisix
- E-Lead Electronics Co., Ltd.
- For You Co., Ltd.
- Futurous Technology Co., Ltd.
- Huawei Technologies Co., Ltd.
- hyundai mobis
- Harman International
- HUDway, LLC
- hadley
- Jiangsu Zhejing Automotive Electronics Co., Ltd.
- LG Electronics
- Maxell
- Nippon Seiki Co., Ltd.
- Panasonic Holdings Co., Ltd.
- Visteon Co., Ltd.
- Valeo
- Wayley AG
- Yazaki Sogyo Co., Ltd.
- Zhejiang Crystal Optec Co., Ltd.
For more information on this report, please visit https://www.researchandmarkets.com/r/ljpqwn.
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Global automotive HUD market
