Global Automotive HUD Market Is Majorly Driven By Rise In Demand For HUD Display


Posted September 18, 2017 by manojkumkar

Global Automotive Head-up Display Market is estimated to reach $2,786 million by 2024; growing at a CAGR of 23.1% between 2016 and 2024.

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

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The global automotive HUD market is majorly driven by demand for HUD display to avoid accidents, increasing emerging economies, and increasing several accidents and demand for vehicles. However, high expenses of R&D and decline technology may restraints the growth of the market. Additionally, product innovations and technological advancement would provide several growth opportunities for the automotive head-up display market during forecast period 2016 - 2024.

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The automotive head-up display market has been classified into product type, application and geography. Product type segment comprises combiner HUD and windshield HUD. Moreover, application segment include sports cars, premium cars, luxury cars and others (low priced cars and other automobiles). Among product type segments, windshield held for the largest share with 69.6% in 2016. Combine HUD is anticipated to grow at the highest CAGR of 23.8% between 2016 and 2024. Among applications, premium cars and sport cars accounted for the market share of 45.6% and 27.3% respectively in 2016.
North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major regions covered in the report. Asia-Pacific is anticipated to grow at a fastest CAGR of 24.1% during forecast period, The growth would be majorly due to growing disposable income in developing countries and increasing demand for cars from countries like India and China. North America accounts the maximum 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 market includes Nippon Seiki, Panasonic Corporation, Delphi Automotive, Denso Corporation, Continental AG, Microvision Inc., Yazaki Corporation, Pioneer Corporation, Thales Group, and Visteon 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.
For further information, visit https://www.variantmarketresearch.com

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Issued By Manoj Kumkar
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Categories Automotive
Tags automotive hud market , forecast , size , trend
Last Updated September 18, 2017