The Global Automotive HUD Market is expected to be valued at US$ 361.2 million in 2017, and is projected to reach US$ 23.36 billion by 2027, exhibiting a CAGR of 18.7% over the forecast period 2019-2027, according to the Global Automotive HUD Market Report, by Technology (AR-HUD and Conventional HUD), by HUD Type (Combiner and Windshield), by Vehicle Class (Economy, Mid-Segment, and Luxury Car), by Dimension (2D and 3D), by Vehicle Type (Passenger Cars, Commercial Vehicle (Light Commercial Vehicle (LCV) and Heavy Commercial Vehicle (HCV)), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa), published by Coherent Market Insights.
Automotive head-up displays or HUDs, are the transparent displays, which exhibit automobile data or information such as, warning signals, speed and indicator arrows for navigation, in a manner that does not require the driver to look away or lose focus on the task at hand. Automotive head-up displays or HUDs offer several other advantages such as HUDs do not disturb the concentration of the driver when driving (which leads to fewer accidents) and HUDs also provide easy access to automobile information or data. The main factors responsible for growth of the global automotive head-Up displays or HUDs market are the demand for luxury and high-end cars, growing focus on active safety systems, and growth of the Pico projector market, as automotive head-up displays or HUDs use Pico projectors to project an image.
The launch of portable HUDs at lower prices are driving factors for growth of HUDs in low and middle car segments. Hence, major car manufacturers such as BMW and AUDI are focusing on launching head-up displays or HUDs in the middle car segment. For instance, BMW launched its first Head-Up Display (HUDs) in 2004. The head-up display system uses an intense light source located inside the instrument panel to exhibit data or information through a translucent thin film transistor (TFT).
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Key Trends and Analysis of the Global Automotive HUD Market:
Key Takeaways of the Market:
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