Global Motorcycle HUD Market is Estimated to grow at a CAGR of 12.3%, Says Accurize Market Research
Global Motorcycle HUD Market report published by Accurize Market Research forecast that the global market is expected to grow at a CAGR of 12.3% 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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Increase in demand for motorcycle connected helmet technology fuels the market
Increase in demand for motorcycle connected helmet technologyfuels the demand for the global motorcycle HUD market. Moreover,growing awareness among consumers concerning road accidentsalso boosts the growth of the market.
The global motorcycle HUD market has been bifurcated on the basis of component, material, and geography. The segmentation by component comprises HUD, LED, battery, sensor, and other components. By material the market is segmented into carbon filter, glass fiber, plastics, Kevlar, and other materials.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers China, India, Japan, South Korea and others. RoW covers Central and South America, Middle East and Africa.
“Windshield accounted for the largest market share in the product type segment", says Accurize
By product type segment, windshield holds the largest share with 69.6% in 2017. Windshield HUD is expected to reach $1.904 million by 2025 from $367 million in 2017. Combine HUD is estimated to grow at the highest CAGR of 23.8% between 2017 and 2025.
By applications segment, premium cars and sport cars accounted for the market share of 45.6% and 27.3% respectively in 2017.
“North America dominated the global market with the highest market share over the forecast period", says Accurize
In 2017, North America held the majority of the market share with 34% followed by Europe with 30.8%.Asia-Pacific is the fastest growing region in the global motorcycle head-up display market growing at a CAGR of 24.1% during forecast period, and is estimated to continue this trend owing to increasing demand for cars from countries such as India and China, and rising disposable income in developing countries.
Top players in the market
The key market players include Schuberth GmbH, LifeBEAM, BMW Motorrad, Visteon Corporation, Continental AG, Elbit Systems, BAE Systems, DENSO Corporation, and Nuviz, Sena Technologies Inc.,among others.
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