Automotive Head-up Display Market Revenue, Future Scope, Trends, Key Players And Forecast To 2025
At the same time, the global rise in the number of luxury and premium cars has also led to the development of the Automotive Head-up Display Market to a great extent. The fact is that automotive HUD can eventually reduce accidents by eliminating the distraction caused by looking around for the details required. In fact, the market for Automotive Head-up Display Market is finding massive opportunities from the various factors such as growing population, evolving lifestyle as well as increasing demand for autonomous vehicles and smart HUD.
Segmentation
With dynamic changes occurring in the market, it has been further studied on the basis of segmentation. The segments included are product type, technology, display mode, vehicle type, propulsion, and sales channel.
In terms of product type: Windshield and combiner HUD are the segments.
In terms of technology: Augmented reality (AR) and conventional HUD are the segments.
The display mode market segment involves in-car and on-board segments.
The vehicle type segment involves Passenger cars and commercial vehicles.
In terms of propulsion: ICE and electric vehicle are the segments.
The sales channel type includes OEM and aftermarket segments.
Regional Framework
Regionally, the global Automotive Head-up Display Market has been forwardly studied among the four major regions such as North America, Europe, Asia-Pacific, and the rest of the world.
Among these regions, the global market was led by Asia-Pacific, in 2018, and is now estimated to grasp the largest market share during the forecast period. The reason behind the proliferation of the market in this region is the improving socio-economic conditions and the rapid adoption of automotive HUD displays in mid-segment range cars. These factors are expected to motivate the market in the region.
Whereas, the market in North America is expanding at a substantial rate over the forecast period owing to the rising development of connected cars in the region. Lastly, the region of Europe is projected to witness remarkable growth in the global market over the forecast period for the factor of the rising need for a safe and secure driving experience.
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