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The automotive HUD (head-up display) market is estimated to be USD 759.6 Million in 2017 and is projected to grow at a CAGR of 28.54% from 2020 to 2025, to reach a market size of USD 13,022.0 Million by 2025.
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MarketsandMarkets Presents Automotive HUD Market worth 13,022.0 Million USD by 2025
The report "Automotive HUD Market by Technology (Augmented Reality and Conventional), Type (Combiner and Windshield), End-User (Economic, Luxury, and Mid-Segment), Fuel Type (ICE, BEV, and Hybrid), Vehicle Type (Passenger and Commercial), and Region - Global Forecast to 2025", The automotive head-up display (HUD) market is estimated to be USD 759.6 Million in 2017 and is projected to grow at a CAGR of 28.54% during the forecast period 2020–2025 to reach a market size of USD 13,022.0 Million by 2025. The market is driven by factors such as increasing demand for in-vehicle safety features, increase in the number of connected cars, and the progress towards developing semi-autonomous and autonomous vehicles. • Browse: • 80 Market Data Tables • 46 Figures • 159 Pages and in-depth TOC on "Automotive HUD Market” • You can speak to our analyst@ • http://www.marketsandmarkets.com/speaktoanalyst.asp?id=11272971
The automotive head-up display (HUD) market is estimated to be USD 610.4 Million in 2016 and is projected to USD 13,022.0 Million by 2025, at a CAGR of 28.54% during the forecast period 2020–2025. The base year for the study is 2016 and the forecast period is 2020–2025. The market for automotive HUD is primarily driven by the increase in adoption of advanced driving assistance systems by OEMs across vehicle types and consumer demand for in-vehicle safety features that potentially reduce collisions and injuries caused by human-driver errors. The conventional HUD is estimated to hold the largest market size of the automotive HUD market during the forecast period. The conventional HUD is estimated to broadly migrate to a wider range of mid-segment vehicles and economic segment of vehicles during 2020–2025 because of the increasing adoption of the technology by OEMs, reducing installation prices of the HUD system, and, most importantly, the increasing importance the automotive customers lay on vehicle and passenger safety systems. The windshield projected type HUD segment is estimated to record the largest market size, growing at a CAGR mentioned in the report. OEMs are anticipated to integrate a wide array of advanced driver assistance systems in the windshield HUD and overlay the information in the driving situation with augmented reality. Unlike the combiner HUD, which is a compact display, the windshield HUD provides a larger area for visuals, and OEMs prefer the windshield HUD as it makes for a safer driving experience. The mid-size vehicle segment is estimated to contribute to the largest market size of the automotive HUD market. Owing to the high production rate of the mid-size vehicle segment, which includes the premium variants of vehicle models, the installation of head-up display is highest in this segment.
The battery-electric vehicle segment is estimated to be the fastest growing segment during the forecast period. With the increased focus on fuel efficiency and emission norms, many OEMs are focusing on environment-friendly vehicles that are equipped with advanced driver assistance systems such as head-up displays. Consumers are becoming increasingly conscious of environmental problems caused by fossil fuel fumes and are increasingly demanding environment-friendly vehicles with advanced safety features. • North America market is estimated to be the largest market with the highest market share of the global automotive HUD market by value and volume. The regional market is dominated by the demand from the US. The adoption of HUD in the Canadian market by 2020 is estimated to be low but is projected to increase in the future. • The ecosystem of the automotive HUD market consists of automotive HUD system providers such as Nippon Seiki (Japan), Continental (Germany), Visteon (US), and Panasonic (Japan). These HUD systems are supplied to automotive OEMs such as BMW (Germany), Daimler (Germany), and Volkswagen (Germany). • Target Audience: • Automotive HUD system manufacturers and component suppliers • Automotive AR HUD system manufacturers and component suppliers • Automotive display panel manufacturers • Automotive OEMs • Industry associations and other driver assistance systems manufacturers • The automobile industry and related end-user industries
Scope of the Report: • Automotive HUD Market, By HUD Technology • Conventional HUD • Augmented Reality HUD • Automotive HUD Market, By HUD Type • Windshield • Combiner • Automotive HUD Market, By End-User • Luxury Vehicles • Mid-Segment Vehicles • Economic Vehicles • Automotive HUD Market, By Fuel Type • Internal Combustion Engine (ICE) • Battery Electric Vehicle • Others • Automotive HUD Market, By Vehicle Type • Passenger Cars • Commercial Vehicle
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