Global automotive head-up-display (HUD) Market is Estimated to Reach $2.8 Billion by 2025, Says Accurize Market Research
Global automotive head-up-display (HUD) market report published by Accurize Market Research forecast that the global market is expected to reach $2.8 billion by 2025; growing at a CAGR of 23% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rising awareness about the HUD devices, increasing disposable income of consumers, and high demand for mid-sized cars & luxury carsacross the globe to drive the growth of the market
Rising awareness about the HUD devices, increasing disposable income of consumers, and high demand for mid-sized cars & luxury carsfuel the demand for the global automotive head-up-display (HUD) market. Moreover, new product innovation also boosts the growth of the market.
Market Segmentation
The global automotive head-up-display (HUD)market has been bifurcated on the basis ofproduct type, application and geography. Product type is further segmented into Windshield HUD and Combiner HUD. Furthermore, application is segmented into premium cars, sports cars, luxury cars and others (low priced cars and other automobiles).
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers France, Germany, United Kingdom, Spain and others. Asia-Pacific covers China, India, Japan, South Korea and others. Rest of the world (RoW) covers South America, Middle East and Africa.
“Windshield accounted for the largest market share in theproduct type segment", says Accurize
By product type, windshield holds the majority of share with 69% in 2017. Windshield HUD is estimated to reach around $2 billion by 2025. Combine HUD is expected to grow at the highest CAGR of 24% between 2017 and 2025. By applications, premium cars and sport cars accounted for the market share of 46% and 27% respectively in 2017.
“North America dominated the global market with the highest market share over the forecast period", says Accurize
In 2017, North America accounts the largest share of the market holding 34% followed by Europe with 31%.Asia-Pacific is the fastest growing region in the global automotive head-up display market growing at a CAGR of 24% during forecast period, and is expected to continue this trend owing to increasing demand for cars from countries like India and China, and rising disposable income in developing countries.
Top players in the market
The key market players include Continental AG, Denso Corporation, Microvision Inc., Yazaki Corporation, Visteon Corporation, Panasonic Corporation, Delphi Automotive, Nippon Seiki, Pioneer Corporation and BMW AG among others.
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