DUBLIN, DUBLIN -- (SBWire) -- 03/15/2021 --Automotive HUD Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
One of the major key drivers that is contributing to the growth of the global automotive Head Up Display market includes the increasing awareness related to passenger and vehicle safety. The safety of the passengers and vehicles is becoming an crucial factor for consumers and there has been an increase in the number of regulations launched to improve vehicle safety. As per the Global status report on road safety 2018 introduced by the WHO, total number of annual road traffic deaths touched 1.35 million. Road traffic injuries is considered as a vital factor for the death of people between the age group of 5-29 years. This is surging the market growth.
Distraction is a leading cause of accidents since the drivers often take their eyes off the road to read an instrument cluster. A head-up display is placed in the line of sight and offers information, which includes speed, navigation, and other data related to the driving assistance. The output generated by the HUD reduces the distraction and allows the driver to concentrate more on driving. All these features of HUD are surging OEMs to opt for HUD in vehicles. All these factors are driving the growth of the market.
On the other hand, the need for greater space for the installation of HUD in the cockpit is hampering the growth of the market. In addition to this, the lack of brightness, luminance, and high-power consumption related the head-up display will further hinder the market growth.
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Automotive HUD Market's leading Manufacturers:
- Continental AG
- Robert Bosch GmbH
- Denso Corporation
- Panasonic Corporation
- Nippon Seiki Co.
- Visteon Corporation
- YAZAKI Corporation
- PIONEER
- Garmin Ltd.
- LG Display Co., Ltd.
Vehicle Type Segment Drivers
The passenger cars is expected to witness a faster CAGR over the forecast period. This is mainly due to the higher production and sales of passenger cars. Moreover, the rising adoption of advanced technologies by users in passenger cars is further driving the growth of the market. Furthermore, the strong demand for premium and convenience features is supporting the OEMs to provide features in their vehicles.
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Automotive HUD Market Segmentation:
Segmentation by HUD Type:
- Windshield
- Combiner
Segmentation by Technology:
- Conventional HUD
- Augmented Reality (AR) HUD
Segmentation by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Segmentation by Region:
- North America
o United States of America
o Canada
- Asia Pacific
o China
o Japan
o India
o Rest of APAC
- Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
- RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
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Global Automotive Head Up Display (HUD) Market Size, Share, Growth & Industry Forecast Report, 2020-2027
The GMI Research's latest analysis reveals that the Automotive HUD Market is slated to register a higher CAGR over the coming years. This is mainly attributed to the increasing awareness related to passenger and vehicle safety, followed by the various benefits offered by HUD, such as reduces distraction and enables the driver to concentrate on driving.