Global Automotive Head-Up Display (HUD) Market Overview:
The global is expected to gain a value of USD 4,276.9 Million at a CAGR of 24.09% during the forecast period (automotive HUD market 2019–2025).
The report covers segmentation and the market dynamics for a better glimpse of the market in the coming years. Automotive HUDs find application in the automotive industry with major end users such as premium automotive companies. HUD technology presents many opportunities and challenges for mitigating driver distraction and improving driver comfort and engagement.
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The global market for automotive HUDs is segmented into component, product type, fuel type, and end user. By component, the global automotive HUD market comprises of projectors/projection units, display units, video generators, software, and, others. The software is required for data updates and information sharing. The software in a HUD is a management technology that helps in wireless firmware upgrades on a device. This software helps facilitate bug fixes, improve the functionality of electronic control units (ECU), and updates the old versions of the firmware. The software updates information about maps, audio, video multimedia, configuration data, and firmware.
By product type, the global automotive HUD market is segmented into Windshield HUD and Combiner HUD. The combiner HUD segment will register considerable market share owing to its compact design along with its ease in projection in multiple positions. A low requirement of installation space as compared to other products will propel the market growth. Ease of installation and integration into the vehicle cockpit is expected to accentuate product demand.
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Some of the prominent players operating in the global automotive HUD market are Rockwell Collins (US), Continental AG (Germany), Nippon Seiki Co. Ltd. (Germany), Yazaki Corporation (Japan), Denso Corporation (Japan), Delphi Automotive PLC (UK), Visteon Corporation (US), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany).