The Automotive HUD Market Share is expected to rise significantly due to the rising demand for cutting-edge in-car display technology. Head-Up Displays (HUDs) are projected crucial information, such speed, navigation, and warnings, right onto the windscreen, improving driver experience and safety. The trend towards connected and autonomous vehicles is driving this increasing usage, which is increasing the market share of HUD technology in both luxury and mid-range automobiles. In order to provide themselves a competitive edge, automakers are incorporating HUDs, which is helping to boost the automotive HUD market share in areas like North America, Europe, and Asia-Pacific.
The automotive HUD market share is anticipated to increase as augmented reality (AR) and 3D HUD technologies continue to progress. This trend is being driven by the need for increasingly advanced in-vehicle infotainment systems and the incorporation of HUDs in electric vehicles (EVs). Automakers are making significant investments in HUD technologies in response to consumer expectations for more convenience and safety features. The Automotive HUD Market Share is expected to grow significantly in the future due to the increasing acceptance of HUDs, which makes it an essential element in the advancement of smart vehicle technologies.
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%.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11272971
3D HUD segment is expected to have significant growth opportunities in global automotive HUD market.
During the forecast period, the 3D HUD category is expected to present considerable growth prospects. Customers will have a more engaging driving experience because of the ease with which 3D HUD may incorporate AR features. In order to give drivers a thorough awareness of their surroundings, augmented reality features can include dynamic navigation overlays, virtual lane assistance, and the ability to indicate potential hazards on the road. AR technology is a major emphasis for several automotive HUD suppliers. Due to the abovementioned factors, the 3D HUD industry is anticipated to increase significantly in near future. 3D HUDs are being developed by many HUD manufacturers, such as WayRay AG, Continental AG, Panasonic Holdings Corporation, and Visteon Corporation, as well as component suppliers, such as NVIDIA and Zecotek. The advanced technologies like ADAS are becoming more widely used and augmented reality technology like HUDs is receiving more attention. The 3D HUD market's revenue growth in this area is expected to be supported by all these factors.
The Asia Pacific automotive HUD market is projected to hold the largest share by 2030
Asia Pacific is estimated to be the largest market for automotive HUDs by 2030. In this region, leading countries such as China, Japan, India, and South Korea are expected to develop autonomous driving technology in the coming years. Leading OEMs in this region, such as Toyota, Honda, and Hyundai, have utilized the advantages of in-vehicle experiences and safety systems features as a standard across their models. China is expected to be the most significant factor in the Asia Pacific automotive HUD market growth in terms of value & volume. China leads the region in terms of value and volume for market, which can also be attributed to the increased demand for EVs and increased sales of vehicles equipped with HUD technology. For example, BYD Song L, Changan Raeton PLUS, Changan CS75, and Haval H6 are some of the models in China equipped with automotive HUDs.
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/pdfdownloadNew.asp?id=11272971
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445