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Global Automotive Head Up Display Market Size with a CAGR of 22% during 2017-2023. The rate of global usage of luxury and premium cars is on an ascending track leading to the dynamic evolution of the automotive industry. The leading companies in this industry are aiming towards capturing maximum of the market by introducing innovative solutions to increase the customer comfort and safety. The rising awareness about driving safety is acting as one of the major fuelling factors for the increased demand of HUDs in the market. Additionally, the surge in adoption of electric vehicles is directly complimenting the growth of the Global Automotive Head Up Display Market Size. However, the less cost efficiency and requirement of greater space by HUDs in the cockpit of vehicles are acting as one of the restraining factors that could hinder the growth of the Global Automotive Head Up Display Market Size.
Market Segmentation
The Global Automotive Head Up Display Market Size has been segmented on the basis of type, application and region. On the basis of type, it is segmented into windshield and combiner. On the basis of application, it is segmented into premium, luxury and mid-segment cars. On the basis of region, it is segmented into North America, Europe, Asia-Pacific and the rest of the world.
Regional Analysis
Improving socio-economic conditions and adaptation with the advancement in technology, Asia-Pacific is currently leading the market and is expected to witness noteworthy growth in CAGR during the forecast period. The market in this region is majorly driven by the installation of HUDs in the mid-segment cars.
The stringent safety norms and steep rise in the demand of automobiles is triggering the brisk growth of automotive HUD market in North America. Availability of sophisticated technology and the presence of leading manufacturers in this region is driving the automotive HUD market in North America to higher verticals.
Being the world’s leading buyers of cars, Europe will be witnessing robust growth in the automotive head-up display market in the upcoming years. The growing demand of production and export of automobiles in this region is acting as a driving force for the growth of automotive HUD market in Europe.
In the rest of the world, Middle East and Africa has an emerging market for HUDs due to the increasing usage of passenger vehicles in this region. The thrust towards technological development is causing the progress of automotive head-up display market in Latin America.
Key Players
Some of the key players that are operating in this market are Continental AG (Germany), Nippon Seiki Co. Ltd. (Germany), Rockwell Collins (U.S.), Panasonic Corporation (Japan), Denso Corporation (Japan), Yazaki Corporation (Japan), Delphi Automotive PLC (U.K.), Visteon Corporation (U.S.), Robert Bosch GmbH (Germany) and BAE Systems (U.K.).
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