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Global Automotive Head-Up Display Market Overview
An automotive head-up display is referred to as a transparent display which is projected on the windshield of an automobile to present the same information that the person can get on the dashboard. An automotive head-up display offers the projection of a speedometer, tachometer, as well as navigation system displays. Market Research Future (MRFR), in their latest launched report, have studied the global automotive head-up display.
Such report suggests that the global automotive head-up display market size will exhibit a 22% CAGR through the forecast period ending in 2022. Some of the factors contributing to the upsurge of the global automotive head-up display market include the mounting awareness towards safety features in automobiles among consumers and a proliferation in demand for luxury and premium automobiles. Further, the reduction in the incidence of accidents with the use of automotive head-up display through the elimination of distraction is also driving the global automotive head-up display market over the assessment period. However, high cost of such windshield HUD is likely to restrain market growth to a certain extent over the forecast period.
Segmentation
The global automotive head-up display market is studied for different segments to arrive at an insightful and accurate analysis. Such segmentation is carried out by HUD type, application, and region. Based on HUD type, the global automotive head-up display market is segmented into combiner and windshield. Based on application, the global automotive head-up display market is segmented into premium, luxury, and mid-segment cars.
Regional Analysis
The global automotive head-up display market is studied for the regional segments of North America, Europe, Asia Pacific, and Rest of the World. among these segments, the automotive head-up display market in Asia Pacific is likely to lead the global market during the forecast period. The APAC automotive head-up display market is expected to witness a 7% CAGR over the assessment period. Fast-paced growth in this regional market is attributable to the improving socio-economic conditions in the region. Further, rising adoption of HUD displays in the mid-segment range cars is estimated to promote the ascension of the regional automotive head-up display market.
North America’s automotive head-up display market is anticipated to witness acceleration in growth due to an increase in the demand for automobiles. A momentous rise in the demand for cars, especially in the US, is driving the regional automotive head-up display market. Further, the existence of major manufacturers in this region is propelling growth noted in North America. Availability and adoption of advanced and sophisticated technologies in the region are likely to promote the ascension of the automotive head-up display market in North America.
The Rest of the World segment comprises Latin America and Middle East & Africa. The Middle East & Africa’s market for automotive head-up display market is expected to emerge at a fast pace during the forecast period. This is accredited to the rising adoption of passenger cars in the region. Latin America is expected to emerge as a significant growth pocket for global automotive head-up display market size solutions. This can be attributed to the upscaling introduction of government initiatives that are encouraging rapid development of the automotive components industry in the region.
Key Players
Some of the elite players in the global automotive head-up display market size include Continental AG (Germany), Rockwell Collins (U.S.), Nippon Seiki Co. Ltd. (Germany), Denso Corporation (Japan), Yazaki Corporation (Japan), Delphi Automotive PLC (U.K.), Panasonic Corporation (Japan), Visteon Corporation (U.S.), Robert Bosch GmbH (Germany) and BAE Systems (U.K.).
Industry Update
August 2019: Volvo recently announced the launch of its third generation S60 series which is its first model which doesn’t offer a diesel engine. Various premium features include rearview camera, head-up display, and front and rear parking sensors, among other features.
Read More:
https://www.techsite.io/p/1343570
https://telegra.ph/Car-Bearings-Market-2020---Overview-01-23
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