Automotive HUD Global Market Report 2024

Description

“Automotive HUD Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on automotive hud market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for automotive hud? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The automotive hud market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By HUD Type: Windshield; Combiner
2) By Technology: Conventional HUD; Augmented Reality HUD
3) By Dimension: 2D; 3D
4) By Fuel Type: BEV; ICE; Hybrid
5) By End User: Passenger Cars; Small Cars; Compact Cars; Mid-Sized Cars; Luxury Cars; SUVs and Crossovers; Light Commercial Vehicles
Companies Mentioned: Continental AG; LG Display Co. Ltd.; Denso Corporation; Visteon Corporation; Nippon Seiki Co. Ltd
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Automotive Heads-Up Display (HUD) is a technology designed to present information directly in the driver's field of view on the windshield, enhancing visual comfort and minimizing distraction. It serves to display crucial information and data without requiring the driver to divert their attention from the usual viewing position.

The main types of automotive HUD include windshield and combiner. Windshield HUD involves a specialized laminated windshield typically mounted on the car dashboard, featuring an additional polarized layer to reflect images projected onto it through a special projector. The major technologies employed are conventional and augmented reality HUDs. The dimensions of HUDs can vary between 2D and 3D. Various fuel types are associated with automotive HUDs, including Battery Electric Vehicles (BEV), Internal Combustion Engine (ICE) vehicles, and hybrids. These HUDs find applications in a range of vehicles, including passenger cars, small cars, compact cars, mid-sized cars, luxury cars, SUVs and crossovers, as well as light commercial vehicles.

The automotive HUD market research report is one of a series of new reports from The Business Research Company that provides automotive HUD market statistics, including automotive HUD industry global market size, regional shares, competitors with an automotive HUD market share, detailed automotive HUD market segments, market trends and opportunities, and any further data you may need to thrive in the automotive HUD industry. This automotive HUD market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive hud market size has grown exponentially in recent years. It will grow from $1.29 in 2023 to $1.59 in 2024 at a compound annual growth rate (CAGR) of 22.9%. The growth observed during the historic period can be attributed to several factors, including an increased demand for luxury vehicles, heightened consumer awareness, government regulations, growth in the electric vehicle sector, and overall economic expansion.

The automotive hud market size is expected to see exponential growth in the next few years. It will grow to $3.48 in 2028 at a compound annual growth rate (CAGR) of 21.7%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing prevalence of autonomous vehicles, a rising demand for in-vehicle infotainment systems, a growing focus on road safety, escalating traffic congestion, and an increase in disposable income. Major trends expected during this period encompass the integration of augmented reality (AR), holographic and 3D displays, gesture control mechanisms, laser projection technology, and collaborations between automakers and technology companies.

The automotive Head-Up Display (HUD) market is expected to experience significant growth due to the increasing demand for connected vehicles. Connected vehicles, equipped with internet connectivity, benefit from automotive HUDs that enhance security and safety through various technologies. Visual Capitalist, a Canada-based data-driven visual content platform, reported in March 2023 that by 2030, 95% of new vehicles sold are expected to be connected vehicles, a substantial increase from 50% in 2023. This surge in demand for connected vehicles is a driving force behind the growth of the automotive HUD market.

The rise in demand for electric vehicles is also contributing to the growth of the automotive HUD market. Electric vehicles (EVs), powered by rechargeable batteries, utilize automotive HUDs to enhance safety, provide critical information about battery status and energy efficiency, and improve the overall navigation experience. As of June 2022, the United States Department of Energy reported a total of 1.45 million electric vehicle registrations in the United States. Notably, California accounted for approximately 563,070 registrations of light-duty electric vehicles, representing 39% of EVs nationwide in 2021. This growing demand for electric vehicles is a key factor supporting the expansion of the automotive HUD market.

Technological advancement emerges as a prominent trend in the automotive aftermarket, with major companies in the automotive HUD market focusing on the development of advanced products. These technological innovations are aimed at strengthening their market position. Huawei Technologies Co., Ltd., a China-based provider of information and communications technology (ICT) infrastructure and smart devices, showcased this trend in September 2021 by introducing an advanced automotive HUD with integrated Augmented Reality (AR) HUD technology. The Huawei AR HUD provides a heads-up display powered by an augmented reality system, transforming the car's front windscreen into a smart screen. It offers navigation-based information, such as route distance, lane details, and other vital data like weather conditions, showcasing the commitment of major players to cutting-edge technology in the automotive HUD market.

Major players in the automotive Head-Up Display (HUD) market are strategically emphasizing product launches, with a notable focus on augmented reality head-up displays. Panasonic, for instance, has introduced AR HUD technology designed to display 3D, AI-driven crucial information directly into the driver's line of sight. This approach aims to potentially reduce driver distraction and enhance road safety. Panasonic's AR HUD development utilizes a PRIZM process to comprehensively address consumers' needs. In January 2021, Panasonic Corporation launched AR HUD solutions, expanding the driver's view with near-field content such as speed and fuel, and far-field 3D overlays for navigation and other vital driver data spatially mapped to the road ahead. As the prevalence of self-driving vehicles increases, AR HUD could offer an additional layer of comfort and security for autonomous vehicle passengers.

In February 2022, HARMAN International, a prominent US-based audio equipment company specializing in connected technologies for automotive, consumer, and enterprise applications, executed the acquisition of Apostera for an undisclosed amount. This strategic move is intended to enhance HARMAN International's position at the forefront of automotive Augmented Reality (AR) and Mixed Reality (MR) experience design, further expanding its automotive product offerings. Apostera, based in Germany, is an automotive technology company specializing in building augmented reality (AR) and mixed reality (MR) head-up display (HUD) software. This acquisition underscores the industry's commitment to advancing AR technology within the automotive HUD market.

Major companies operating in the automotive hud market include Continental AG, LG Display Co. Ltd., Denso Corporation, Visteon Corporation, Nippon Seiki Co. Ltd., Panasonic Holdings Corporation, Pioneer Corporation, Yazaki Corporation, Toshiba Corporation, Garmin Ltd., MicroVision Inc., Hudway LLC., Mitsubishi Electric Corporation, Thales Group, BAE Systems, Bosch Group, Harman International, Magna International Inc., Navdy, Inc., Texas Instruments, HUDWAY, WayRay, DigiLens Inc., Continental Automotive GmbH, Renesas Electronics Corporation, Robert Bosch GmbH, Kyocera Corporation, THALES Group, E-Lead Electronic Co., Ltd., HOLOEYE Photonics AG, Tata Elxsi Limited

North America was the largest region in the automotive HUD market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive HUD market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the automotive HUD market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The automotive HUD market consists of revenues earned by entities by providing automotive HUD solutions such as displaying speed, warning signals, and intuitive guidance for navigation to keep in line, avert danger, avoid crashes, or even make virtual lanes. The market value includes the value of related goods sold by the service provider or included within the service offering. The automotive HUD market also includes sales of windshield HUD, combiner HUD and augmented reality HUD . Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r9369

1. Executive Summary

2. Automotive HUD Market Characteristics

3. Automotive HUD Market Trends And Strategies

4. Automotive HUD Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Automotive HUD Market Size and Growth

5.1. Global Automotive HUD Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Automotive HUD Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Automotive HUD Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Automotive HUD Market Segmentation

6.1. Global Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Windshield
Combiner
6.2. Global Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Conventional HUD
Augmented Reality HUD
6.3. Global Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Passenger Cars
Small Cars
Compact Cars
Mid-Sized Cars
Luxury Cars
SUVs and Crossovers
Light Commercial Vehicles

7. Automotive HUD Market Regional And Country Analysis

7.1. Global Automotive HUD Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Automotive HUD Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Automotive HUD Market

8.1. Asia-Pacific Automotive HUD Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Automotive HUD Market

9.1. China Automotive HUD Market Overview
9.2. China Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Automotive HUD Market

10.1. India Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Automotive HUD Market

11.1. Japan Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Automotive HUD Market

12.1. Australia Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Automotive HUD Market

13.1. Indonesia Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Automotive HUD Market

14.1. South Korea Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Automotive HUD Market

15.1. Western Europe Automotive HUD Market Overview
15.2. Western Europe Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Automotive HUD Market

16.1. UK Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Automotive HUD Market

17.1. Germany Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Automotive HUD Market

18.5. France Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Automotive HUD Market

19.9. Italy Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Automotive HUD Market

20.13. Spain Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Automotive HUD Market

21.1. Eastern Europe Automotive HUD Market Overview
21.2. Eastern Europe Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Automotive HUD Market

22.1. Russia Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Automotive HUD Market

23.1. North America Automotive HUD Market Overview
23.2. North America Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Automotive HUD Market

24.1. USA Automotive HUD Market Overview
24.2. USA Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Automotive HUD Market

25.1. Canada Automotive HUD Market Overview
25.2. Canada Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Automotive HUD Market

26.1. South America Automotive HUD Market Overview
26.2. South America Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Automotive HUD Market

27.1. Brazil Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Automotive HUD Market

28.1. Middle East Automotive HUD Market Overview
28.2. Middle East Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Automotive HUD Market

29.1. Africa Automotive HUD Market Overview
29.2. Africa Automotive HUD Market, Segmentation By HUD Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Automotive HUD Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Automotive HUD Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Automotive HUD Market Competitive Landscape And Company Profiles

30.1. Automotive HUD Market Competitive Landscape
30.2. Automotive HUD Market Company Profiles
- 30.2.1. Continental AG
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. LG Display Co. Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Denso Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Visteon Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Nippon Seiki Co. Ltd
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Automotive HUD Market Competitive Benchmarking

32. Global Automotive HUD Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Automotive HUD Market

34. Automotive HUD Market Future Outlook and Potential Analysis

34.1 Automotive HUD Market In 2028 - Countries Offering Most New Opportunities
34.2 Automotive HUD Market In 2028 - Segments Offering Most New Opportunities
34.3 Automotive HUD Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer