DUBLIN--(BUSINESS WIRE)--The "Automotive HUD Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global automotive HUD market is expected to grow from $0.88 billion in 2021 to $1.08 billion in 2022 at a compound annual growth rate (CAGR) of 23.25%. The automotive HUD market is expected to grow to $2.62 billion in 2026 at a compound annual growth rate (CAGR) of 24.78%.
The main types of automotive HUD are windshield and combiner. A windshield refers to a laminated windshield with an extra polarised layer to reflect images projected on it by a special projector typically mounted on the car dashboard. The purpose of this windshield is to provide relevant information to the driver while driving without taking their eyes off the road.
Conventional and augmented reality HUD are the technologies used in automotive HUD. Both 2D and 3D automotive HUD are used in different types of automotive vehicles ranging from battery electric vehicles, internal combustion engines, and hybrid fuel-type vehicles.
Asia-Pacific was the largest region in the automotive HUD market in 2021 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive HUD market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing demand for connected vehicles is driving the growth of the automotive HUD market. The rising interest and demand for connected vehicles can be attributed to increase in customer preference towards comfort, connectivity, performance, and safety features during their new car purchases.
Connected car vehicles are outfitted with many promising technologies, including radar, lidar, cameras, and other sensors to provide safe and convenient travel. Due to these native embedded system technologies, these vehicles can communicate with other vehicular nodes, exchange safety data, receive system updates, and stream infotainment.
According to a McKinsey 2020 survey with more than 40 industry experts in the autonomous vehicle (AV) ecosystem, 60% of respondents would switch car brands to improve connectivity. Furthermore, 39% of consumers wanted to unlock additional digital features after purchasing a vehicle. Therefore, increasing demand for connected vehicles is expected to boost demand for automotive HUD solutions during the forecast period.
Technological advancements are a key trend gaining popularity in the automotive HUD market. Major companies operating in the automotive HUD market are focused on providing technologically-advanced solutions to meet end customer demand and strengthen their market position.
These companies are developing next-generation automotive HUD technologies into their frameworks, such as augmented reality, virtual reality, sensors, artificial intelligence, Internet of things, machine learning, 3D mapping, automation, projection techniques, and others to simplify the driving condition by enabling security functionalities.
For Instance, In January 2022, Japan-based Panasonic Automotive Systems Co. launched driveable AR HUD 2.0 with a patented eye-tracking-system. This technological innovation is made possible by an infrared camera with the AR HUD projector and optics, which eliminate the need for a separate driver-facing camera.
In February 2022, Harman International, a wholly-owned subsidiary of Samsung Electronics, acquired Apostera for an undisclosed amount. With this acquisition, HARMAN International wants to broaden companies' presence in automotive AR/MR experience design and further extend automotive product offerings. Apostera is a Germany-based automotive technology company, which offers solutions ranging from ADAS, Lidar, and autonomous augmented reality.
The countries covered in the automotive HUD market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
Major players in the automotive HUD market are
- Robert Bosch
- Continental
- Denso
- Visteon
- Nippon Seiki
- Panasonic
- Pioneer
- Yazaki
- Toshiba
- Hudway LLC
- Garmin Ltd
- MicroVision Inc
- Mitsubishi Electric Corporation
- Texas Instruments Incorporated
- Thales Group
- BAE Systems
- Valeo
- Hyundai Mobis
Key Topics Covered:
1. Executive Summary
2. Automotive HUD Market Characteristics
3. Automotive HUD Market Trends And Strategies
4. Impact Of COVID-19 On Automotive HUD
5. Automotive HUD Market Size And Growth
5.1. Global Automotive HUD Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Automotive HUD Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Automotive HUD Market Segmentation
6.1. Global Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Windshield
- Combiner
6.2. Global Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Conventional HUD
- Augmented Reality HUD
6.3. Global Automotive HUD Market, Segmentation By Dimension, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 2D
- 3D
6.4. Global Automotive HUD Market, Segmentation By Fuel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Battery Electric Vehicle (BEV)
- Internal Combustion Engines (ICE)
- Hybrid
7. Automotive HUD Market Regional And Country Analysis
7.1. Global Automotive HUD Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Automotive HUD Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/8yoi9y
