DUBLIN, Jan. 17, 2023 /PRNewswire/ — The “Global Automotive Head-Up Display Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Technology, Product Type, Dimension Type, Vehicle Type, Sales Channel and Region” report has been added to ResearchAndMarkets.com’s offering.
Global Automotive Head-Up Display (HUD) Market is estimated to have grown to a size of ~US$ 1,000 million in 2022 from ~US$ 500 million in 2017.
The market is expected to grow further to a size of ~US$ 4,000 million by 2028 at a CAGR of ~20% during the forecast period of 2022-2028, owing to the enhanced demand for connected vehicles and increased adoption of advanced safety features, the growing demand for luxury vehicles across the globe, the surge in focus on improving the in-vehicle experience, and the availability of cutting-edge technologies helping produce head-up displays at low cost.
According to estimates published in Forbes in 2021, the global sales of connected vehicles were expected to cross the mark of 76 million units within the next two years. The estimates implied that around 70% of new light-duty cars and trucks shipped worldwide would have embedded connectivity.
Growth in the number of connected vehicles would also mean a growth in diverse advanced technology features, including head-up displays. Automotive HUDs are known for presenting crucial traffic information and data to the driver and with the growth in the sales of connected vehicles, data traffic is expected to exceed 1,000 times the present volume. The in-vehicle experience of these connected vehicles is expected to become more immersive in nature, and automotive HUDs are expected to play a big role in that.
According to the Economic Intelligence Unit (EIU) insights, the sales of luxury cars managed to defy the global slump and continued to increase, especially on the back of demand from emerging markets. Automotive HUDs are a vital component of any luxury vehicle and any growth in the luxury cars segment would reflect positively on the automotive HUD market.
The sales of luxury cars have also witnessed promising growth in large economies like China. According to the data presented by the China Passenger Car Association in 2021, the cumulative sales of luxury car brands, such as Tesla, crossed the mark of 2.6 million units, resulting in a year-on-year increase of 5 percent. This growth boosts the automotive HUD market significantly.
One of the most prominent challenges faced by the automotive HUD market stems from its design limitations. For instance, windshield HUDs take up a significant volume of automotive cockpit space. Especially the hardware components of a full windshield augmented reality HUD consumes a significant part of the cockpit space, forcing the OEMs to drastically redesign the driver’s space altogether.
Although the development of ultra-thin HUD looks promising in its efforts to reduce the space consumed, reducing the augmented reality head-up display could mean reduced clarity of image and illegibility for the driver. A proper balance has to be struck between the size of the HUD and its clarity of the image for the market to keep growing at a substantive pace.
Like many other industries, the automotive HUD industry also had to lower production due to supply-chain disruptions and a reduced number of employees coming to work owing to the physical distancing regulations put in place because of COVID-19.
The export of vital components also witnessed disruption. However, with the gradual easing of regulations, the market has gotten back on track, powered by the strong demand for luxury vehicles even during the pandemic.
Competitive Landscape
The Global Automotive Head-Up Display (HUD) market has ~100 players, including globally diversified players, regional players, and country-niche players having expertise in addressing the exact needs for country-specific vehicle types and traffic conditions.
Large global players constitute ~20% of the market in terms of the number of competitors, while regional players hold the largest share. Some of the major players in the market include Robert Bosch GmbH, Continental AG, Denso Corporation, Visteon Corporation, Nippon Seiki Co., LTD., Panasonic, Pioneer Corporation, Yazaki Corporation, Garmin, LG Display, etc.
Recent Developments Related to Major Players
In January 2022, Panasonic introduced its Augmented Reality HUD 2.0 at CES 2022, one of the most influential tech events in the world. The HUD comes with a patented eye-tracking technology that significantly improves the augmented reality experience of the vehicle. The technology, as claimed by Panasonic, helps optimize the AR imagery for clarity and accuracy.
In February 2022, Continental announced its head-up display for trams. According to Continental, the HUD will help better intra-urban traffic by ensuring that drivers are able to focus their full attention on what is happening on the road.
Conclusion
The Global Automotive Head-Up Display (HUD) market is expected to grow at a rapid pace during the forecast period.
Multiple factors will drive growth in this segment, including a steady rise in the adoption of connected vehicles that come with advanced safety features, the growing demand for luxury vehicles across the globe – especially in the emerging auto markets, the surge in focus on improving the in-vehicle experience, and the availability of cutting-edge technologies helping vehicle manufacturers to reduce head-up display manufacturing cost.
Key Topics Covered in the Report
Snapshot of the Global Automotive Head-Up Display (HUD) Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Automotive
Historic Growth of the Overall Global Automotive Head-Up Display (HUD) Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of the Global Automotive Head-Up Display (HUD) Industry
Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
COVID-19 Impact on the Overall Global Automotive Head-Up Display (HUD) Market
Future Market Forecast and Growth Rates of the Total Global Automotive Head-Up Display (HUD) Market and by Segments
Market Size of Application Segments with Historical CAGR and Future Forecasts
Analysis of the Global Automotive Head-Up Display (HUD) Market
Major Production/Supply and Consumption/Demand Hubs within Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Region
Notable Key Players Mentioned in the Report
Robert Bosch GmbH
Continental AG
Denso Corporation
Visteon Corporation
Nippon Seiki Co., Ltd
Panasonic
Pioneer Corporation
Yazaki Corporation
Garmin
LG Display
EyeLighhts SAS
CY Vision
Raythink Technology Co., Ltd
Envisics
Futurus
For more information about this report visit https://www.researchandmarkets.com/r/9fepnf
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/global-automotive-head-up-display-markets-report-2022-2028—surge-in-focus-on-improving-the-in-vehicle-experience-augmenting-demand-301722113.html
SOURCE Research and Markets
Yahoo Finance tech editor Dan Howley joins the Live show to break down recent accounts of Microsoft allegedly preparing to cut thousand of jobs tied to its recruiting department.
These half-dozen stocks will account for the lion's share of Berkshire Hathaway's more than $6 billion in dividend income this year.
Shares of semiconductor stocks Taiwan Semiconductor Manufacturing (NYSE: TSM), Nvidia (NASDAQ: NVDA), and Skyworks Solutions (NASDAQ: SWKS) were rising on Tuesday, up as much as 3.4%, 4.6%, and 2.2%, before settling into gains of 2.7%, 4%, and 0.6%, respectively, as of 1:42 p.m. ET. The sector-wide optimism was helped along by a positive note from Bank of America semiconductor analyst Vivek Arya this morning, along with continued optimism over moderating inflation and the broader economy. Arya wrote, "We assume a soft-landing (nonmemory semi sales down [less than 5% year over year], also confirmed by recent Taiwan Semiconductor (TSM) results/outlook) as consumer chip inventory correction is completed by [the first half] and as industrial/auto chip pricing remains resilient."
Tesla dropped a bomb on the auto market with huge price cuts last week, and now Wall Street is catching up with post-game analysis, if you will. In a note called “Analyzing the impact of reduced Tesla vehicle prices,” Goldman Sachs analyst Mark Delaney takes a glass half empty, yet half-full approach.
The expected layoffs would be the latest in the U.S. technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook. Microsoft's move could indicate that the tech sector may continue to shed jobs. "From a big picture perspective, another pending round of layoffs at Microsoft suggests the environment is not improving, and likely continues to worsen," Morningstar analyst Dan Romanoff said.
On a generally down Tuesday for the stock market, Verizon Communications' (NYSE: VZ) shares did worse than those of many other companies. The telecom giant saw its stock price erode by nearly 2.5%, amid a general slump in tech stocks and related titles, combined with a discouraging price cut from a prominent bank. Before market open, analyst Bryan Craft of Deutsche Bank enacted a 10% cut to his level on Verizon stock.
Shares of Medical Properties Trust (NYSE: MPW) lost more than 50% of their value last year. The company faced two severe headwinds: surging interest rates and concerns about some of its tenants' ability to pay rent. Meanwhile, the company has gotten good news on some of its ailing tenants.
Chevrolet is offering to buy back certain 2022-23 Malibu vehicles that have a defect that hampers their safety features.
Yahoo Finance's Alexis Keenan explains Elon Musk's upcoming trial in Northern California regarding the Tesla CEO's 2018 tweets that investors claim damaged the stock.
The software giant could slash about 5% of its workforce, or about 11,000 roles, U.K broadcaster Sky News reported, citing sources.
The bear market knocked down growth stocks by the dozens last year — even if these companies didn't report bad news. So, if a particular growth company actually did report disappointing news, losses were much greater.
Russia's current account – a measure of the difference between all money coming into a country through trade, investment and transfers, and what flows back out – came in at $227.4 billion, up 86% from 2021. Russian imports fell sharply last year amid an exodus of Western firms after the West imposed sweeping sanctions on Moscow for its invasion of Ukraine. But the Kremlin has sought to replace revenues lost from its oil and gas exports to Europe with a pivot to China, India and other Asian countries.
Today we will run through one way of estimating the intrinsic value of AMC Entertainment Holdings, Inc. ( NYSE:AMC ) by…
The world’s biggest car maker is ramping up production after three years of disruption, adding to hopes of cheaper cars and shorter waiting times for drivers.
The conventional wisdom outlook for 2023 is mixed – most market watchers and economists would say that a recession is likely during the first half of the year, with disagreements centered more on the duration and depth of a downturn than its likelihood, and a rebound will come in the second half, leading to stock markets finishing this year about where they began. Weighing in from Morgan Stanley, chief Us equity strategist Mike Wilson notes the conventional wisdom, saying: “Both the sell and buy
The major indexes were mixed on Tuesday, as the S&P 500 was down 8 points (0.2%), the Dow Jones Industrial Average was off 392 points (1.1%), while the Nasdaq Composite was down 16 points (0.14%). It is fourth-quarter earnings season, and the market took a bit of a hit today as some of the big bellwether banks reported Tuesday, including Goldman Sachs and Morgan Stanley. Goldman Sachs had its worst earnings miss in a decade, as it got hit hard by the slowdown in the investment banking business.
Altria Group (MO) has been troubled by cost woes and soft volumes in the Smokeable Products segment.
Collapsed crypto exchange FTX, which is currently in bankruptcy, says it has identified $5.5 billion of liquid assets but based on current estimates both the international and U.S. based exchange still have a "substantial shortfall" relative to what customers are owed.
In this video, I will talk about Pinterest (NYSE: PINS), what I am expecting from the company this year, and why the stock has been performing strongly in the past couple of months. For the full insights, watch the video, consider subscribing, and click the special offer link below.
A look at the shareholders of Plug Power Inc. ( NASDAQ:PLUG ) can tell us which group is most powerful. With 55% stake…