The global automotive HUD market size is expected to reach USD 1.907 billion in 2024 and reach USD 7.219 billion by 2029, growing at a CAGR of 30.50% from 2024 to 2029.
An automotive head-up display or HUD may be a technical and feature transparent device that displays vital information like navigation direction, speed of the car, time, and distance traveled directly within the driver's vision. The head-up display avoids and reduces the chances of the distraction of the driving force by offering vital information. It displays data either on the windshield of the car or on a separate screen. The automotive head-up display is presently installed within the latest models of vehicles.
The key drivers of the market are the adoption of advanced technologies by original equipment makers, the fast generation of real-time data from advanced driver assistance systems, and an increase in connected vehicles.
A surge in demand for automotive head-up displays, which are usually available within new cars due to their advantages of proposing vital information, is predicted to drive the global automotive head-up display market during the foreseen period. Furthermore, in older vehicles, it's possible to put in the automotive head-up display due to its low-cost structure. Specific automotive head-up displays also answer voice commands and recognize hand gestures due to the rise in modernization within the industry. This permits the motorist of the vehicle to choose the shortest possible route or distance to travel. The automotive head-up display uses nano-technologies so as to avoid double reflection. These systems provide night sight, which projects all the primary information to the driving force on the screen and is predicted to drive the adoption of automotive head displays in automotive industries during the foreseen period. It provides lucrative opportunities for the modernization of the automobile industry.
One of the key factors hindering the wide adoption of automotive head-up displays is their high purchase cost. Thanks to this, customers choose other systems that are available at comparatively low prices. However, head-up displays are yet to be widely accepted and adopted across the globe. Moreover, with improving economies of scale, the event and incorporation costs of head-up displays are expected to scale back within the coming years, thus benefitting the automotive head-up display market.
REPORT METRIC |
DETAILS |
Market Size Available |
2024 to 2029 |
Base Year |
2024 |
Forecast Period |
2024 to 2029 |
CAGR |
30.50% |
Segments Covered |
By HUD Technology, HUD Type, Vehicle Class, Dimension Type, Vehicle Type, and Region. |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Robert Bosch GmbH, Denso Corporation, Nippon Seiki Co. Ltd., Visteon Corporation, Continental AG, Panasonic Corporation, Yazaki Corporation, Harman International Industries Inc., Garmin Ltd., and MicroVision Inc., and Others. |
The conventional HUD segment is estimated to carry the most crucial share of the global automotive HUD market during the forecast period. The traditional HUD is expected to broadly migrate to a broader range of mid-segment and economy-segment vehicles during 2020–2025 due to the increasing adoption of the technology by OEMs, reducing installation prices of the HUD system, and, most significantly, the expanding importance of auto and passenger safety systems amongst the automotive customers.
The windshield segment is predicted to register the most critical market size, growing at a notable CAGR within the foreseen period. The windshield HUD system comprises a projector and a group of mirrors to relay information, which appears either slightly below or above the driver's vision of control. The system is created to be versatile to the curvature of the automobile windshield. Several vehicle models have distinct windshield curvatures, which makes them prominent in aligning the system. The complex calibration process augments the value of the system, and thus it's primarily offered as an optional feature in vehicles. Moreover, OEMs are anticipated to integrate an excellent array of advanced driver assistance systems within the windshield HUD and overlay the knowledge within the driving situation with augmented reality. Unlike the combiner HUD, which may be a compact display, the windshield HUD provides a more significant area for visuals, and OEMs prefer the windshield HUD because it makes for a safer driving experience.
Europe is estimated to be the most important market with the best share of the worldwide automotive HUD market, by value. The regional market is dominated by the demand from Germany and the UK. The adoption of HUDs within the Russian market until 2020 is estimated to be low but is projected to extend in the future. The main growth drivers of the automotive market within the region include growing demand for technology, increasing need for a safe and secure driving experience, and increasing development of connected cars. Asia Pacific automotive head-up display (HUD) market, led by India and China will witness significant growth because of the growing locomotive industry, increasing population, and rise in income that reinforces demand for the merchandise. China vehicle sales grew over 3.5% in 2017 as tax cuts were reduced on small-engine cars. The region hosts the biggest brands and models of car manufacturers, such as Toyota and Suzuki. The merchandise is featured by all the car brands, making it the most desirable feature in a vehicle.
Robert Bosch GmbH, Denso Corporation, Nippon Seiki Co. Ltd, Visteon Corporation, Continental AG, Panasonic Corporation, Yazaki Corporation, Harman International Industries Inc., Garmin Ltd.. MicroVision Inc.
By HUD Technology
By HUD Type
By Vehicle Class
By Dimension Type
By Vehicle Type
By Region
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