Automotive Head-up Display (HUD) Market Trends and Insight 2027
The global Automotive Head-up Display (HUD) market gathered revenue around USD 3.46 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 21.9% during the prediction period 2021 to 2027.
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Growth Factors:
Rise in demand for comfort and safety features in vehicles is likely to boost the automotive head-up display (HUD) market across the globe. Increase in preference for utility vehicles and luxury vehicles, in conjunction with the increase in demand for comfort and luxury vehicles among consumers globally, is anticipated to propel the automotive head-up display (HUD) market. The global automotive head-up display (HUD) market is anticipated to expand during the forecast period, owing to increase in affordability of vehicles and transition of people to middle and upper middle-income groups. For instance, after a global slowdown in the automobile industry, several governments have reduced taxes on automobiles to encourage the sale of vehicles. Rising safety features and ease of accessibility in vehicles is boosting their sales, which, in turn, is likely to propel the automotive head-up display (HUD) market across the globe.
The change in trade policies by the Trump Administration, such as withdrawal of trade agreement with South Korea and continuous fluctuation on tariff with import and export to China, is likely to fluctuate the market during the forecast period; however, the U.S.-China trade has witnessed a positive turnaround and the relation between the countries is anticipated to improve. The surge in trade volume, owing to rising bilateral trade among countries is projected to boost the automotive head-up display (HUD) market during the forecast period. China witnessed an increase in both general trade volume and proportion, escalating to 15.67 trillion Yuan. China trade volume accounted for 56.6% of the total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% year-on-year.
Based on vehicle type, the global automotive head-up display (HUD) market has been segmented into passenger vehicle and commercial vehicle. Passenger vehicle is likely to be a highly lucrative segment during the forecast period. This is primarily due to the rise in the production of passenger vehicles across the globe. The increase in adoption of safety features in vehicles, including lane departure system, pedestrian protection system, and night vision detection system, is likely to boost the automotive head-up display (HUD) market across the globe.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Automotive Head-up Display (HUD) market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Automotive Head-up Display (HUD) market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 3.46 Billion by 2027 |
| Growth Rate | CAGR of 21.9% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Vehicle Type, Type, Sales Channel, Dimension Type, Technology And Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Robert Bosch GmbH, Continental AG, Denso Corporation., Magna International., ZF Friedrichshafen AG., Pioneer Corporation, NVIDIA Corporation, Panasonic Corporation, Garmin Ltd., Harman International, LG Display Co. Ltd, Mitsubishi Electric., Marelli Holdings Co. Ltd., Texas Instruments, Toshiba Corporation, Visteon Corporation, YAZAKI Corporation, Valeo SA, Alps Alpine Co. Ltd, and Clarion. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Automotive Head-up Display (HUD) market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Regional Analysis:
In terms of region, the global automotive head-up display (HUD) market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global automotive head-up display (HUD) market in 2020. It is anticipated to hold a leading share during the forecast period due to the rise in the production and sale of vehicles in China and countries in ASEAN.
Major presence of automotive component manufacturers across Asia Pacific further boosts the automotive head-up display (HUD) market across the globe. Followed by Asia Pacific, Europe also held a significant share of the global automotive head-up display (HUD) market due to the presence of a large number of tier-1 suppliers who have advanced research and development facilities for head-up display, which, in turn, is likely to boost the automotive head-up display (HUD) market across the globe.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Automotive Head-up Display (HUD) Market include: Robert Bosch GmbH, Continental AG, Denso Corporation., Magna International., ZF Friedrichshafen AG., Pioneer Corporation, NVIDIA Corporation, Panasonic Corporation, Garmin Ltd., Harman International, LG Display Co. Ltd, Mitsubishi Electric., Marelli Holdings Co. Ltd., Texas Instruments, Toshiba Corporation, Visteon Corporation, YAZAKI Corporation, Valeo SA, Alps Alpine Co. Ltd, and Clarion.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Automotive Head-up Display (HUD) market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Automotive Head-up Display (HUD) market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Automotive Head-up Display (HUD) markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Automotive Head-up Display (HUD) Market Study:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers