October 15, 2019
According to the latest study titled ‘Global Automotive Head-up Display (HUD) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024’ available with Market Study Report LLC, the global automotive head-up display market is estimated to accumulate US $1000 million by the year 2024.
Automotive head-up display (HUD) is a transparent digital screen displaying key information such as date & time, direction, speed of the vehicle and distance travelled, directly in the driver's viewpoint. It displays information either on the windshield or on a separate screen. The rise in demand for high-end luxury and sports car, along with the adoption of latest features to enhance road safety are the key factors driving the growth of automotive HUD market.
As per the study, the global automotive head-up display market was worth US 560 million in 2019 and is anticipated to register a growth rate of 10.1% over the predicted time period. The study analyzes the industry for segmental shares and growth opportunities. Furthermore, it offers an in-depth understanding of trends, challenges, distribution channels, marketing strategies, consumer spectrum, and drivers influencing the market growth.
Based on type, the automotive HUD market is bifurcated into combiner projected HUD and windshield projected HUD. While based on application spectrum, the industry is divided into luxury car, premium car, mid segment car, and others.
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Considering the geographical outlook, automotive HUD market is fragmented into five major regions. South America consists of Argentina, Brazil, and Colombia; Germany, Russia, UK, France, and Italy combines to form Europe; Asia Pacific comprises of India, China, Japan, Korea, and Southeast Asia; North America is composed of Canada, Mexico, and US; and UAE, Egypt, South Africa, Nigeria, and Saudi Arabia fall under Middle East & Africa.
The key contenders of the worldwide automotive head-up display market are Nippon, Continental AG, Bosch, Delphi Automotive, Denso, and Visteon Corporation that combinedly accounted for 47.08 % production share in 2019. Some of the other vendors that operate in this industry are Johnson Controls, Inc., E-Lead, Yazaki Corporation, Harman, Garmin, Pioneer Corp, Founder, Coagent Enterprise, RoadRover Technology, and Springteq Electronics.