Published Date: 31-Aug-2022
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According to a new report, published by KBV research, The Global Automotive HUD Market size is expected to reach $4.6 billion by 2028, rising at a market growth of 30.7% CAGR during the forecast period.
The Aftermarket segment is showcasing a CAGR of 31.4% during (2022 - 2028). A wide variety of high-quality aftermarket HUDs are readily available and may be purchased for much less money than a manufacturer would. There are two varieties of aftermarket HUDs: GPS and OBD-II. The OBD-II requires an OBD-II port to function, however, the GPS variants are universal and don't need to be plugged into the car.
The Luxury segment acquired maximum revenue share in the Global Automotive HUD Market by Passenger Class in 2021 thereby, achieving a market value of $2.7 billion by 2028. Brands like Audi, Land Rover, Mercedes Benz, BMW, and Jaguar are included in the luxury car segment and often cost more than USD 50,000. Since the luxury car market has less price sensitivity and offers good profit margins, the segment's vehicles incorporate windshield HUD.
The Augmented Reality segment has shown the growth rate of 32.6% during (2022 - 2028). More information can be conveyed in a vehicle with an AR-based HUD than in one with a traditional dashboard. For instance, augmented reality may demonstrate how a car reads its environment, spots danger, communicates with other technologies, plans routes, and engages in Advanced Driver-Assist Systems.
The Windshield segment is generating highest revenue share the Global Automotive HUD Market by HUD Type in 2021 thereby, achieving a market value of $3.0 billion by 2028. Cutting-edge technology is the type of HUD found on windshields. The driving experience has been enhanced by the safety-enhancing elements of windshield HUD, such as LDWS, blind spot recognition, navigation, and speed metrics in the driver's field of view.
The 3D segment is anticipated to grow at a CAGR of 33.3% during (2022 - 2028). Leading auto manufacturers are drawn to the 3-D HUD technology because it is portable, doesn't require eye tracking, and has a wider field of view than current HUD displays. Next-generation HUD units offer the potential for full 3-D effects with glasses-free 3-D technology, projecting the pictures seen by users at safer ranges from the windshield, reducing distraction.
The Passenger Cars segment is leading the Global Automotive HUD Market by Vehicle Type in 2021, thereby, achieving a market value of $2.6 billion by 2028. This is due to the fact that passenger cars continue to include high levels of advanced technology and that they are produced and distributed more widely. Additionally, OEMs offer such technologies in their vehicles due to the growing consumer demand for premium amenities and convenience, which is one of the factors driving the Automotive HUD Market's expansion.
The Asia Pacific market dominated the Global Automotive HUD Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.7 billion by 2028. The Europe market is exhibiting a CAGR of 30.1% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 29.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/automotive-hud-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 HUD Type
By Dimension Type
By Vehicle Type
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