The Automotive HUD Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive HUD Global Market Report 2024, 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.
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.
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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
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.
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
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26. South America Automotive HUD Market
27. Brazil Automotive HUD Market
28. Middle East Automotive HUD Market
29. Africa Automotive HUD Market
30. Automotive HUD Market Competitive Landscape And Company Profiles
Top Major Players:
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