Market Research Report
Global Automotive Head-Up Display Market- Technologies, Market share and Industry Forecast to 2024
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||627600|
|Published||Content info||190 Pages
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|Global Automotive Head-Up Display Market- Technologies, Market share and Industry Forecast to 2024|
|Published: April 9, 2018||Content info: 190 Pages||
Automotive head-up display is a transparent display technology that allows the drivers not to change their vision frame through showing data in the driver's vision vicinity. The global automotive head-up display market is expected to rise at a CAGR of 27.4% over the forecast period (2017-2024). The major escalating factor for automotive head-up display growth is rising awareness about passenger and vehicle safety. Other than this, rapid rise in automotive industry and increasing demand for connected vehicles are also triggering the global automotive head-up display market. However, requirement of greater space in the automotive cockpit and strict regulation for meeting government obligation by the HUD suppliers are the restraining factors for automotive head-up display market growth.
Global automotive head-up display market report includes four major segments that are HUD type, end user, fuel type and vehicle type. The HUD type segment includes Windshield Head-Up Display (HUD) and Combiner Head-Up Display (HUD) as the sub segments. The combiner head-up display (HUD) is expected to be the fastest growing segment under global Head-up display market. The end user segment has been further segregated into mid-segment vehicle, luxury vehicles and economic vehicle. On the basis of vehicle mode, the sub segments are Internal Combustion Engine (ICE), Battery Electric Vehicle (BEV) and others. Lastly, the vehicle type includes Passenger Cars and Commercial Vehicles as its sub segments.
High cost of advanced head-up display systems is the major challenge for global automotive head-up display market over the forecast period (2017-2024). However, the market has various opportunities to counter the above mentioned challenge. These include high investments in defense and aviation sector along with the advent of semi-autonomous and electric vehicles in the automotive industry.
On the basis of regional analysis, the automotive head-up display market is widely bifurcated into North America, Europe, Asia Pacific and Rest of World. North America is the dominating segment in the automotive head-up display market, followed by Europe. North America region is having a high customer base for luxury cars and these cars are adopting head-up displays at a rapid rate. Other than this, Canada is a country that is accepting the automotive head-up displays at a great extent. Europe is the second dominating region under automotive head-up display market. While, Asia Pacific is projected to be the fastest growing region over the forecast period.