The global automotive HUD market size is projected to grow from USD 1.2 billion in 2024 to USD 2.4 billion by 2030, at a CAGR of 12.3%. The growing focus on vehicle safety and the need for improved driving experience in cars are driving forces behind the automotive HUD market. Furthermore, throughout the forecast period, it is expected that the growing demand for semi-autonomous and autonomous vehicles along with the increasing prevalence of electric vehicles will support the revenue growth of the automotive HUD market. Additionally, rising investment in car head-up displays is expected to generate lucrative opportunities for the automotive HUD market during the forecast period.
The 2D HUD segment is expected to remain largest market in the coming years. Asia Pacific is projected to hold a sizeable share of the global market for traditional HUDS. Over the course of the forecast period, the market for 2D HUDS in the region is predicted to be driven by Japanese and European automakers' increased attention on the adoption of safety systems and need for improved driving experience. Major driver safety and driving experience-based features are included on many vehicles from Japanese OEMs including Honda and Toyota, allowing drivers to keep an eye on their surroundings without looking at the instrument clusters. To help with distraction-free driving, the head-up display shows data ranging from basic speed and acceleration to advanced features such as ADAS alerts.
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11272971
The luxury cars segment is expected to lead the global automotive HUD market during the forecast period. Brands that cost more than USD 50,000, such as Audi, BMW, Land Rover, Mercedes-Benz, and Jaguar, are included in the luxury car category. Because the luxury car market is less price sensitive and offers good profit margins, windshield HUDS are integrated into the vehicles in this sector. HUDS is currently a standard feature on several OEM cars, including BMW, Bentley, Cadillac, Land Rover, and Rolls-Royce. Nearly every vehicle from other luxury automakers including Audi, Genesis, Lincoln, Mercedes-Benz, and Volvo has HUDS. In addition to these, HUDS are provided by Lexus, Acura, Buick, Porsche, and Jaguar. All these parameters are expected to support the revenue growth for luxury car segment of the global automotive HUD market during the forecast period.
The automotive HUD market is likely to develop significantly in near future, particularly in the context of autonomous cars in near future. The rise in safety concerns within the automotive industry and the smooth incorporation of AR HUD technology are the two key elements affecting this expected increase. Automotive HUDs play a vital role in this facet, as they provide essential information, such as navigational instructions, vehicle speed, and alerts—straight onto the windshield, saving drivers from having to take their eyes off the road, thus significantly enhancing overall safety.
Asia Pacific is estimated to have the largest share in the global automotive HUD market by value in 2024. Countries considered in this study for Asia Pacific are China, Japan, India, and South Korea. The Asia Pacific region is home to key automotive HUD manufacturers, such as Panasonic Holdings Corporation (Japan), Yazaki Corporation (Japan), and Nippon Seiki Co., Ltd. (Japan). These companies are continuously investing in research and development to innovate automotive applications. The presence of these companies would also contribute to the growth of the Asia Pacific automotive HUD market during the forecast period.
Key Market Players:
The automotive HUD market is dominated by global players such as Nippon Seiki Co. Ltd. (Japan), Continental AG (Germany), DENSO Corporation (Japan), Panasonic Holdings Corporation (Japan), and Foryou Corporation (China), among others. These companies have adopted strategies of new product development, expansions, collaborations, partnerships, and acquisitions to gain traction in the market. Collaborations were the most adopted strategy, among others.
Request Free Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=11272971