Global Automotive Heads-Up Display (HUD) Market Size
The global Automotive Heads-Up Display (HUD) Market accounted for USD 671.6 Million in 2020 and is expected to reach USD 2,850.4 Million by 2028, growing at a CAGR of around 20.8% between 2021 and 2028.
The market for automobile HUDs has slowed down because of the COVID-19 pandemic. The need for vehicle and passenger safety features is projected to decline as a result of lower car sales. The testing of sophisticated safety features and semi-autonomous driving systems has been postponed due to nationwide lockdowns and OEM suspension of key business operations. The vehicle HUD market is anticipated to decline in 2020 as a result of OEMs’ lack of interest in investing in cutting-edge technologies over the next one or two years.
Driver: Growing concern for vehicle and passenger safety
The primary concern for consumers of vehicles is now the safety of both passengers and vehicles. The goal of regulatory bodies worldwide is to increase automobile safety. According to the Global Status Report on Road Safety 2018, there are more than 1.35 million traffic fatalities worldwide each year. According to studies, by 2030, traffic-related fatalities would rank as the sixth greatest cause of death worldwide.
One of the main contributing factors to these accidents is driver distraction. Over 1,000 individuals are wounded in crashes that are reported to include a distracted drivers every day in the US, according to the National Center for Statistics and Analysis (NCSA). Using head-up displays helps lessen accidents caused by driver attention from watching in-car displays.
The Zion Market Research (ZMR) report on the global automotive heads-up display (HUD) market aims to provide an organized and methodical approach to the important factors that have affected the market over the past few years as well as the potential future markets that the companies can capitalize on.
It offers readers a clear examination of the market to enable better assessment and choice-making over whether to invest in it or not. The research offers a detailed overview of the main companies that are most likely to contribute to the expansion of the global automotive heads-up display (HUD) market over the course of the forecast period, as well as an analysis of the future dynamics.
The major companies operating in the market are
- Nippon Seiki
- Delphi Automotive
- Denso Corporation
- Microvision Inc.
- Yazaki Corporation
- Visteon Corporation
The market report also offers a succinct analysis of the business models and company strategies that are being used by the firms to remain competitive and lead. To increase their regional and international reach, the corporations frequently engage in mergers and acquisitions, partnerships, and collaborations. Additionally, players are launching a new product line on the market to expand their portfolio by incorporating cutting-edge technology into their operations.
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The report also consists of Porter’s Five Forces analysis where the five main forces being: level of competition, market hindrances, current trends, future opportunities, and the leading segmentation of the global Global Automotive Heads-Up Display (HUD) Market.
Additionally, the research addresses regional analysis, going into detail on the elements that have enabled an area to dominate the worldwide market. It also draws attention to elements that have not benefited the market, therefore readers are advised against making investments. As a result, it examines the regional and worldwide growth dynamics of the global automotive heads-up display (HUD) market by offering accurate facts for the present year and the previous several years as well as forecasting its future.
The research on the global Global Automotive Heads-Up Display (HUD) Market covers many segmentations, such as applications, end-users, types, etc., on the basis of which the market is broadly split. The study also breaks down the geographies into categories, with the key ones being North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. It then analyses each segment based on factors like value, revenues, market share, etc.
- Combiner-projected HUD’s
- Windshield-projected HUD’s
- Mid-size Cars
- Premium Cars
Some of the key highlights of the global Global Automotive Heads-Up Display (HUD) Market are:
- Technological Updates Analysis
- Competitive Analysis
- Qualitative and Quantitative Analysis
- Cost-Benefit Analysis
- Regional Demand Forecast and Estimation
- R&D Analysis
- Carbon Footprint Analysis
- Mergers & Acquisitions
- Raw Material Sourcing Strategy
- Patent Analysis
- COVID-19 Analysis
- Supply Value Chain
- Vendor Management
With the advent of the pandemic COVID-19, the market has changed significantly. The report also gives a clear judgment and conditions based on which further decisions can be made.