The Europe Automotive HUD Market would witness market growth of 30.1% CAGR during the forecast period (2022-2028).
A half-second delay in response time can be catastrophic. So, it becomes important to act quickly and rationally. Driving tests a person's ability to respond to events as they happen swiftly. The unsignalled lane change of another vehicle, a pedestrian, a pothole, or black ice all call for prompt action. Unexpected events can happen the second a driver's eyes leave the road.
A few seconds could be costly as it takes time to regain focus after switching from the road to the instrument panel or another area of the car. The HUDs provide important information in the driver's line of sight which reduces their diversion rate. The car HUD system is ranked among the finest safety systems if it is combined with onboard sensors and adaptive cruise control. Additionally, a number of automotive HUD systems are now using cameras and GPS to locate the vehicle and project an image on the windshield.
According to the Department of Transport of the UK, in 2021, the number of casualties jumped from 2020, which was also impacted by the pandemic, but remained lower than pre-pandemic figures. Over a million claims for front windshield injuries are lodged each year, according to the UK Legal Expert. Thus, it is anticipated that rising consumer knowledge in the UK will result in products that fulfill safety standards and reduce the likelihood of accidents caused by collisions.
The Germany market dominated the Europe Automotive HUD Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $317.3 million by 2028.The UK market is anticipated to grow at a CAGR of 29.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 31.1% during (2022 - 2028).
Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on Passenger Class, the market is segmented into Luxury, Economy and Mid-segment. Based on Technology, the market is segmented into Conventional and Augmented Reality. Based on HUD Type, the market is segmented into Windshield and Combiner. Based on Dimension Type, the market is segmented into 2D and 3D. Based on Vehicle Type, the market is segmented into Passenger Cars, Light Commercial Vehicles and Heavy Commercial Vehicles. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Automotive HUD Market will Hit $4.6 Billion by 2028, at a CAGR of 30.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Panasonic Corporation, Continental AG, Nippon Seiki Co., Ltd., Visteon Corporation, Denso Corporation, JVCKENWOOD Corporation, Alps Alpine Co., Ltd., Pioneer Corporation, and Yazaki Corporation.
By Sales Channel
By Passenger Class
By Technology
By HUD Type
By Dimension Type
By Vehicle Type
By Country
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