Global Automotive Heads Up Display Market Growth Analysis 2024, Forecast To 2033
8 Mar, 2024
The automotive heads-up display market has seen exponential growth, rising from $1.42 billion in 2023 to $1.79 billion in 2024 at a CAGR of 26.0%, driven by increasing consumer demand for advanced features and safety regulations. Expected to continue its exponential growth, the market is forecasted to expand to $4.22 billion in 2028 at a CAGR of 23.8%, propelled by autonomous vehicle development and increased focus on driver comfort and convenience. Major trends include integration of artificial intelligence and adoption of transparent OLED displays.
Global Automotive Heads Up Display Market Key Driver
The increase in passenger vehicle production is expected to propel the growth of the automotive head-up display market going forward. A passenger vehicle primarily intends to transport people rather than goods or freight. Head-up displays in passenger cars help make driving safer and more convenient by giving necessary information, lowering driver distraction, and improving situational awareness. For instance, in March 2022, according to European Automobile Manufacturers' Association (ACEA), a Europe-based main lobbying and standards group for the automobile industry in the European Union, the sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Further, in 2021, US auto plants produced about 6.3 million passenger automobiles, a 3.1% increase over 2020. Therefore, the rise in passenger vehicle production is driving the growth of the automotive heads-up display market.
Get A Free Sample Of The Global Automotive Heads Up Display Market ReportGlobal Automotive Heads Up Display Market Segments
The automotive heads-up display market covered in this report is segmented –
1) Head-Up Display Type:Windshield Head-Up Display, Combiner Head-Up Display
2) Technology:Augmented Reality Head-Up Display, Conventional Head-Up Display
3) Component:Display Combiner, Display Panel, Projector, Video Generator, Software, Other Components
4) Vehicle:Luxury Vehicles, Sports Cars, Mid-Segment Cars, Economy Cars
5) Sales Channel:Original Equipment Manufacturers (OEMs), Aftermarket
By Geography: The countries covered in the automotive heads-up display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the automotive heads-up display market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive heads-up display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Automotive Heads Up Display Industry Players
Robert Bosch GmbH; Sony Corporation; Panasonic Corporation; DENSO Corporation; Continental AG; Mitsubishi Electric Corporation; 3M Company; Bae Systems Plc.; Texas Instruments Inc.; Yazaki Corporation; Alps Alpine Co. Ltd; Garmin Ltd.; Rockwell Collins; Visteon Corporation; Luxoft; Nippon Seiki Co Ltd.; Pioneer Corporation; Delphi Automotive Plc.; Jaguar Land Rover Automotive Plc.; Wayray; Unimax Electric Inc.; Envisics; DigiLens Inc.; Digilens Inc.; Harman International Industries; Fic Group; Hudway LLC.; Microvision Inc.; CY Vision; Eyelights SAS.
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Automotive Heads Up Display Market Overview
An automotive heads-up display (HUD) is a technology that projects information onto the windshield or another transparent screen in the line of sight of a moving car, allowing the driver to observe crucial information without taking their eyes off the road. The information shown gives the impression that it is floating in front of the driver, giving the appearance of a distant virtual image.