“Growth of automotive According to Goldstein Research,head up display market is majorly driven by the rapid advancement in automotive infotainment systems and growing sales of connected automobiles across the globe.” Over the next two or three years, the HUD market will witness the integration of augmented reality HUD in luxury car models. But the immense growth is projected to occur at the mass-market level with simpler and cost efficient combiner displays.
Automotive head up display market Summary
Global automotive head up display market is segmented based on product type, by vehicle type and by end-users. End user segment is further bifurcated into OEMs and aftermarket. In 2016, OEM’s accounted for the lion share of more than 80% in global automotive head up display market. Aftermarket sales are likely to grow in future owing to End-user availability of cost-efficient HUD devices.
Global automotive head up display market is expected to grow at a CAGR of 22.2% during the period 2016-2024. Further, the global Ethernet market is predicted to reach USD 3.2 billion by the end of forecast period.
North America is the largest region for automotive head up display market in 2016 and is expected to dominate the market during the forecast period of 2016-2024. North America automotive head up display market valued USD 0.250 billion in 2016 and is estimated to expand at a CAGR of 23.6% during the forecast period. United States is expected to dominate the automotive head up display market followed by Canada owing to growing sales of premium segment cars in the United States. Homegrown automobile companies such as General Motors is one the leading automobile manufacturer in U.S providing HUD spec as standard feature in most of its luxury and sports cars.
Technological Advancements in HUD Systems: Major Breakthrough
As the HUD technology getting advance, many automotive market players are providing this feature in their car models. For instance, BMW, Audi, Cadillac and Lexus account for the most of the vehicle sold with the HUD units in the United States. With the popularity of HUD devices, automakers are racing to upgrade their infotainment systems and HUD’s top suppliers such as Nippon Seiki, Harman, Denso, Continental and other suppliers are marketing head-up displays. But all are struggling to overcome nagging technology issues, which are likely to diminish with each new generation of equipment.
automotive report contains a detailed overview of the global Automotive HUD markethead up display market in terms of market segmentation by product type, by vehicle type and by end-users.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Automotive head up display market Report also provides a competitive outlook of some of the major players which includes profiling of companies such as Continental Automotive, Delphi Automotive, Denso, Nippon Seiki, Panasonic Automotive System, Robert Bosch and Visteon etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report presents compra market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their automotive HUD Overall, the report represents comprehensive synopsis on the global market centric strategies according to the ongoing and expected trends in the future.
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