Global Automotive Head Up Display Market size 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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Rise in demand for HUD display to avoid accidents will drive the global automotive HUD market
The global automotive head-up display market is driven by increasing emerging economies, and increasing several accidents, demand for HUD display to avoid 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.
The automotive head up display market analysis is bifurcated on the basis of 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).
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Windshield product type dominated market with highest market share
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.
Asia-Pacific is expected to witness fastest CAGR from 2016 to 2024
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, owning to rising disposable income in developing countries and increasing demand for cars from countries like India and China. North America accounted the highest market share in 2016.
The key players operating in the global automotive head-up display market are Delphi Automotive, Nippon Seiki, Denso Corporation, Panasonic Corporation, Continental AG, Microvision Inc., Pioneer Corporation, Yazaki Corporation, Thales Group, and Visteon Corporation, among others.
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Scope of Automotive Head-Up-Display Market
Product Type Segments
• Windshield HUD
• Combiner HUD
• Premium Cars
• Sports Cars
• Luxury Cars
• Others (low priced cars and other automobiles)
• North America
o United Kingdom
o South Korea
o South America
o Middle East
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