Automotive Head-up Display Market is Estimated to be Valued atUS$ 6,000 Mn by 2022

Albany, New York, October 16, 2017: The latest report by Future Market Insights (FMI), titled “Automotive Head-up Display (HUD) Market: Global Industry Analysis and Opportunity Assessment 2015 – 2025” offers vital insights on the global market. The global market for automotive HUD is expected to show an impressive CAGR of 23.2% with respect to market value and 30.6% with respect to volume over the course of the given forecast period of 2015 to 2025.

Combiner Segment to Grow over Course of Forecast Period

Automotive Head-up Display (HUD) is a system that shows information on the transparent screen, a windshield or a combiner in a car. This technology helps users to receive vital driving information and important messaging, thus cutting down the overall chances of probable road accidents.

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The global market for automotive HUD can be segmented in terms of the product type into combiner and windshield. Of these mentioned product types, the segment of windshield is expected to dominate the global market over the coming years of forecast. The contribution of combiner segment is expected to be grow over the mentioned forecast period with a strong CAGR. In addition to this, the revenue generation from the combiner segment is expected to rise to 53.1% by the year 2025 and is projected to gain 1,940 Basis Point Share and showcase a CAGR of 28.9%.

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Depending on the type of passenger car, the global market for automotive HUD can be segmented into premium, luxury, mid-size, sports car, and sports utility vehicle. Of these mentioned segments, the premium car segments has been dominant over the past few years. However, the sports car and SUV segments are expected to grow at a considerable rate over the given forecast period registering a strong CAGR.

Asia Pacific to Show Most Promising Growth

In terms of geography, the global automotive market can be segmented into key regions such as North America, Western Europe, Eastern Europe, Asia Pacific, and the Middle East and Africa. Of these mentioned regions, North America is expected to continue its dominance over the global automotive HUD market. The market in Asia Pacific is expected to be most promising owing to increasing popularity of luxury cars in the region along with rise in spending power. The other key segments such as MEA and Latin America are also expected to show steady growth.

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Market Players : Some of the prominent players in the global market for automotive HUD involve names such as Delphi Automotive LLP, Continental AG, JOHNSON CONTROLS, Denso Corporation, MicroVision Inc., Robert Bosch GmbH, Nippon Seiki Co. Ltd., Harman International Industries, Visteon Corporation, and YAZAKI Corporation. These companies continue to raise their international presence by expanding their businesses in the emerging market with the help of mergers, takeovers, and launch of innovative products.

For instance, back in 2015, Continental AG finished up the takeover of Elektrobit Automotive Group to broaden its expertise in the field of automotive software solutions. Some major players in the global automotive HUD market such as Denso Corporation, Continental AG, Robert Bosch GmbH, and Nippon Seiki Co. Ltd. have been concentrating more on the activities of research and development so as to have a considerable advantages over other rivals in the market. Apart from these strategic moves, the key players in the market are also concentrating on the commercializing activities and associations with numerous big automotive OESs such as Audi AG, Mercedes-Benz AG, and BMW AG.

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