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Global Automotive HUD Market Is Boosted By Increasing Demand For Premium Cars And Mid-Sized Care

Global Automotive HUD Market Report, published by Variant Market Research, forecast that the global market is expected to reach $2,786 million by 2024 from $527 million in 2016; growing at a CAGR of 23.1% from 2016 to 2024. By geography, Asia Pacific and Rest of the World (RoW) are expected to grow at a CAGR of 24.1% and 23.3%, respectively, during the forecast period.

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Some of the factors boosting the growth of the market includes surge in disposable income in developed and developing countries, growing knowledge about head-up display (HUD) devices, increasing demand for premium cars and mid-sized care. Though, high price in R&D and reducing technology may hamper the growth of market. Additionally, entry of new players, product innovations, and mergers & acquisitions by several companies would provide growth opportunities for the automotive head-up display market in the future years.

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By product type, windshield accounted for the maximum share with 69.6% in 2016. Windshield HUD is valued to reach $1.904 million by 2024 from $367 million in 2016. Combine HUD is predictable to grow at the highest CAGR of 23.8% between 2016 and 2024. By applications, premium cars and sport cars accounted for the market share of 45.6% and 27.3% respectively in 2016.
Geographically, the automotive head-up display market is bifurcated into North America, Europe, Asia-Pacific and RoW. Asia-Pacific is the fastest growing region in the global automotive head-up display market growing at a CAGR of 24.1% during forecast period, and is anticipated to continue this trend due to growing demand for cars from countries like India and China, and surge in disposable income in emerging countries. North America accounts the major share of the market holding 34% followed by Europe with 30.8%.

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The key players in the automotive head-up display (HUD) market comprises Nippon Seiki, Continental AG, Microvision Inc., Visteon Corporation, Yazaki Corporation, Delphi Automotive, Pioneer Corporation, Denso Corporation, Thales Group, and Panasonic Corporation, among others.

Scope of Automotive Head-Up-Display Market
Product Type Segments
• Windshield HUD
• Combiner HUD
Application Segments
• Premium Cars
• Sports Cars
• Luxury Cars
• Others (low priced cars and other automobiles)
Geographical Segments
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o United Kingdom
o Spain
o Others
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Others
• RoW
o South America
o Middle East
o Africa

About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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News Release: Global Automotive HUD Market Is Boosted By Increasing Demand For Premium Cars And Mid-Sized Care
Submitted on: September 13, 2017 12:50:19 PM
Submitted by: manoj
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