Oct 20, 2017   SOURCE: PR NewsWire

Automotive HUD Market Worth 13,022.0 Million USD by 2025

PUNE, India, October 20, 2017 /PRNewswire/ --

The report "Automotive HUD Market [http://www.marketsandmarkets.com/Market-Reports/automotive-head-up-display-market-11272971.html ]  by Technology (Augmented Reality and Conventional), Type (Combiner and Windshield) , End-User (Economic, Luxury, and Mid-Segment), Fuel Type (ICE, BEV, and Hybrid), Vehicle Type (Passenger and Commercial), and Region - Global Forecast to 2025", published by MarketsandMarkets(TM), the market is estimated to be USD 759.6 Million in 2017 and is projected to grow at a CAGR of 28.54% during the forecast period 2020-2025 to reach a market size of USD 13,022.0 Million by 2025. 

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The market is driven by factors such as increasing demand for in-vehicle safety features, increase in the number of connected cars, and the progress towards developing semi-autonomous and autonomous vehicles.

"Augmented reality head-up display (AR HUD) to be the largest segment for the Automotive HUD Market, by head-up display (HUD) technology" 

With low-cost HUD systems being developed for mid-sized and economical cars, OEMs are now offering the sensor technology-enabled AR HUD for enhanced in-vehicle safety in luxury vehicles. Diminishing the consumer's concern over safety, the AR HUD integrates multiple ADAS functions to provide different information, all in the driver's line of sight. Apart from the growing luxury vehicle segment, the anticipated autonomous vehicle market is projected to drive the demand for AR HUD.

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"Combiner HUD to be the fastest growing segment in the Automotive HUD Market, by HUD type" 

The combiner HUD is a compact version of the windshield HUD. The combiner requires lesser space for installation compared with the windshield HUD. Its compact size makes the combiner HUD an ideal fit for smaller cars. The installation of HUD in economic vehicles is projected to be driven by an increase in the adoption of combiner HUD in this segment of vehicles.

"North America to be the largest regional market for Automotive HUD Market" 

North America comprises Canada, Mexico, and the US. The US being an automotive hub, in terms of vehicle production as well as sales, is also the fastest country in terms of adopting in-vehicle advanced automotive technology. The demand for HUD technology such as AR HUD is directly linked to the luxury and premium vehicle production and consumer demand for these vehicles in this region. The region also comprises Canada, a market with a growing consumer demand for advanced automotive electronics in the cockpit.

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The Automotive HUD Market is dominated by a few global HUD system suppliers and comprises several regional players. Some of the key HUD suppliers operating in the market are Nippon-Seiki (Japan), Continental (Germany), Denso (Japan), Visteon (US), and Robert Bosch (Germany).

Browse related reports: 

Augmented Reality Automotive Market by Function (AR HUD Navigation, AR HUD ACC, AR HUD LDW & Advanced AR HUD), Sensor Technology, Display Technology, Level of Autonomous Driving, Electric Vehicle, Vehicle Type, and Region - Global Forecast to 2025 http://www.marketsandmarkets.com/Market-Reports/automotive-augmented-reality-market-126800 260.html [http://www.marketsandmarkets.com/Market-Reports/automotive-augmented-reality-market-126800260.html?utm_source=PRnewswires&utm_medium=Referral&utm_campaign=PRnewswire ]

Cockpit Electronics Market for Automotive by Product (HUD, Information Display, Infotainment & Navigation, Instrument Cluster, and Telematics), Type (Basic and Advanced), End Market, Fuel Type, and Region - Global Forecast to 2022 http://www.marketsandmarkets.com/Market-Reports/automotive-cockpit-electronic-market-38669 396.html [http://www.marketsandmarkets.com/Market-Reports/automotive-cockpit-electronic-market-38669396.html?utm_source=PRnewswires&utm_medium=Referral&utm_campaign=PRnewswire ]

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