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Automotive Head-up Display (HUD) Market is predicted to reach USD 5,722.2 million at a CAGR of 13.0% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Automotive Head-up Display (HUD) Market”.


The Automotive Head-up Display (HUD) market is estimated to register a CAGR of 15.6 % during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Automotive Head-up Display (HUD) market— Nippon Seike Co. LTd, Continental AG, Panasonic Corporation, Denso Corporation, Yazaki Corporation, Visteon Corporation, Huawei Technologies Co. LTD, Valeo, Harman International, HUDLY, LG Electronics, and Wayray AG.


Market Highlights


The global Automotive Head-up Display (HUD) market is accounted for to register a CAGR of 15.6 % during the forecast period and is estimated to reach USD 5,722.2 million by 2032.


There is growing concern for the safety of passengers and vehicles to influence the manufacturers to include innovative safety features such as HUDs. The desire for an improved in-vehicle experience also intensifies the need for HUD systems, which provide convenience and added features. Besides, the constant and growing demand for connected cars, which use real-time navigation and information systems, contributes to the growth of the HUD market. Where automotive HUDs are concerned, it is the luxury and high-end cars that take to a new technology with open arms, given that these are the cars that are most likely to be endowed with the most advanced technology. The rising use of the windshield HUDs that offer better integrated display and visibility is also amongst the factors fueling the market expansion. Nevertheless, the market has some issues, for instance, limited space in the car dashboards that complicates the integration of HUDs. Another challenge is that the overall technology and excessive costs involved in the development of HUD systems are also an impediment to its fast growth in the market and this is due to the fact that much capital needs to be invested in the research aspect of the project. Nevertheless, there are some opportunities in the market The following are the opportunities available in the market. Another opportunity is the increasing need for cars with partial automation, as such cars need reliable HUD systems to present information depending on the situation on the road to prevent accidents. Applying HUDs in electric vehicles (EVs) is another promising opportunity because the integration of HUDs can improve the characteristics of EVs.


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Segment Analysis


The global Automotive Head-up Display (HUD) market has been segmented based on HUD Type, Dimension Type, Passenger Car, Vehicle Type, Propulsion Type, Electric Vehicle Type, Level of Autonomy, Sales Channel, Offering.


Based on HUD Type, the global Automotive Head-up Display (HUD) Market has been segmented into Combiner HUD, Windshield HUD, and Augmented Reality HUD. The Windshield HUD segment accounted for the largest market share in 2023.


Based on Dimension Type, the global Automotive Head-up Display (HUD) Market has been segmented into 2D-HUD, and 3D-HUD. In 2023, 2D-HUD very high segment accounted for the largest market share.


Based on Passenger Car, the global Automotive Head-up Display (HUD) Market has been segmented into Economic Cars, Mid-Segment Cars, Luxury Car. Luxury accounted for the largest share in Automotive Head-up Display (HUD) Market in 2023. The increase in sales of luxury vehicles, growing demand for premium vehicles across the globe, and the growing deployment of safety features in luxury vehicles further boost the demand for automotive HUD in luxury vehicles.


Based on Vehicle Type the global Automotive Head-up Display (HUD) Market has been segmented into Passenger Cars, and Commercial Vehicle. Passenger Car segment accounted for the largest share in Automotive Head-up Display (HUD) Market in 2023.


Based on Propulsion Type the global Automotive Head-up Display (HUD) Market has been segmented into ICE, and Electric. By the propulsion type Automotive Head-up Display (HUD) market was dominated by ICE segment in 2023.


Based on Electric Vehicle Type the global Automotive Head-up Display (HUD) Market has been segmented into BEVs, PHEVs, HEVs, FCEVs. In the year 2023, global automotive head-up display (HUD) market was dominated by BEVs segment.


Based on Level of Autonomy, the global Automotive Head-up Display (HUD) Market has been segmented into Non-Autonomous Cars, Semi-Autonomous Cars, and Autonomous Cars. The semi-autonomous segment accounted for the largest market share in 2023.


Based on Sales Channel the global Automotive Head-up Display (HUD) Market has been segmented into OE Fitted, and Aftermarket. OE Fitted segment accounted for the largest share in Automotive Head-up Display (HUD) Market in 2023.


Based on Offerings the global Automotive Head-up Display (HUD) Market has been segmented into software and hardware. In the year 2023, global automotive head-up display (HUD) market was dominated by hardware segment.


Regional Analysis


By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. North America consists of the U.S, Canada, and Mexico. The Asia-Pacific region is expected to have the most growth in the global automotive head-up display (HUD) market in the forecast period. The rise in number of manufacturing units, FDI growth, automotive and aftermarket industries are expected to foster the demand of automotive head-up display (HUD) in this region. Government financing for the manufacturing plants, policies and trade liberalization for this region have given encouragement to the automotive industry through the direct and indirect effects.


In the year 2023, Europe accounted for the largest market share. The high growth of luxury vehicle sales has had a very positive effect on increasing demand from both the aftermarket players and the OEMs in the European automotive HUD market. This region is home to many luxury vehicle manufacturers, whereas the stringent government regulations regarding occupant safety drive the need for advanced safety features such as HUD technology.


Key Findings of the Study



  • The global Automotive Head-up Display (HUD) market is expected to reach USD 5,722.2 million by 2032, at a CAGR of 15.6% during the forecast period.

  • The Asia Pacific region accounted for the fastest-growing global market.

  • Based on HUD Type, the Windshield HUD segment was attributed to holding the largest market in 2023.

  • Nippon Seike Co. LTd, Continental AG, Panasonic Corporation, Denso Corporation, Yazaki Corporation, Visteon Corporation, Huawei Technologies Co. LTD, Valeo, Harman International, HUDLY, LG Electronics, Wayray AG, among others are some of the players in the market.

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Pages 128
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