Attractive young woman driving a car, inside view, traveling in a private car.
The Automotive Heads-Up Display Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Heads-Up Display Global Market Report 2024, The automotive heads-up display market size has grown exponentially in recent years. It will grow from $1.42 billion in 2023 to $1.79 billion in 2024 at a compound annual growth rate (CAGR) of 26.0%. The growth in the historic period can be attributed to increasing consumer demand for advanced features, safety regulations and standards, rise of electric vehicles, growing awareness of driver safety, integration of connectivity features.
The automotive heads-up display market size is expected to see exponential growth in the next few years. It will grow to $4.22 billion in 2028 at a compound annual growth rate (CAGR) of 23.8%. The growth in the forecast period can be attributed to autonomous vehicle development, rise in adoption of electric and hybrid vehicles, increased focus on driver comfort and convenience, growing urbanization and traffic congestion, expansion of advanced driver assistance systems (adas). Major trends in the forecast period include integration of artificial intelligence (ai) in hud systems, collaborations and partnerships for technology integration, adoption of transparent oled displays, customization and personalization in hud features, emergence of 3d and multi-layered displays.
The increase in passenger vehicle production is expected to propel the growth of the automotive head-up display market going forward. A passenger vehicle primarily intends to transport people rather than goods or freight. Head-up displays in passenger cars help make driving safer and more convenient by giving necessary information, lowering driver distraction, and improving situational awareness. For instance, in March 2022, according to European Automobile Manufacturers’ Association (ACEA), a Europe-based main lobbying and standards group for the automobile industry in the European Union, the sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Further, in 2021, US auto plants produced about 6.3 million passenger automobiles, a 3.1% increase over 2020. Therefore, the rise in passenger vehicle production is driving the growth of the automotive heads-up display market.
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The automotive heads-up display market covered in this report is segmented –
1) By Head-Up Display Type: Windshield Head-Up Display, Combiner Head-Up Display
2) By Technology: Augmented Reality Head-Up Display, Conventional Head-Up Display
3) By Component: Display Combiner, Display Panel, Projector, Video Generator, Software, Other Components
4) By Vehicle: Luxury Vehicles, Sports Cars, Mid-Segment Cars, Economy Cars
5) By Sales Channel: Original Equipment Manufacturers (OEMs), Aftermarket
Technological advancements are a key trend gaining popularity in the automotive head-up display market. Major companies operating in the automotive head-up display market are adopting new technologies to sustain their position in the market. For instance, in May 2023, Shenzhen Raythink Technology Co. Ltd., a China-based AR technology company, launched a new smart car AR head-up display technology. The new technology can project a fully naked-eye 3D image with depth using the OpticalCore picture production unit and wave-layer three-dimension technology, providing futuristic and improved 3D effects to enhance the driving experience.
The automotive heads-up display market report table of contents includes:
1. Executive Summary
2. Automotive Heads-Up Display Market Characteristics
3. Automotive Heads-Up Display Market Trends And Strategies
4.Automotive Heads-Up Display market analysis
5. Automotive Heads-Up Display Market Size And Growth
6. Automotive Heads-Up Display Segmentation
7.Automotive Heads-Up Display Regional And Country Analysis
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27.Automotive Heads-Up Display Competitive Landscape And Company Profiles
28.Automotive Heads-Up Display Key Mergers And Acquisitions
29. Automotive Heads-Up Display Future Outlook and Potential Analysis
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