Overview and Scope
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.
Sizing and Forecast
The automotive hud market size has grown exponentially in recent years. It will grow from $1.29 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 22.9%. The growth in the historic period can be attributed to luxury vehicle demand, consumer awareness, government regulations, growth in electric vehicles, economic growth.
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.
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Segmentation & Regional Insights
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
Top Major Players:
Continental AG
LG Display Co. Ltd.
Denso Corporation
Visteon Corporation
Nippon Seiki Co. Ltd.
North America was the largest region in the automotive HUD market in 2023.
North America was the largest region in the automotive HUD market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive hud market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The automotive hud market report table of contents includes:
1. Executive Summary
2. Automotive HUD Market Characteristics
3. Automotive HUD Market Trends And Strategies
4. Automotive HUD Market – Macro Economic Scenario
5. Global Automotive HUD Market Size and Growth
…
31. Global Automotive HUD Market Competitive Benchmarking
32. Global Automotive HUD Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automotive HUD Market
34.Automotive HUD Market Future Outlook and Potential Analysis
35. Appendix
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