Yahoo Finance Automotive HUD Global Market Report 2022: Ukraine-Russia War Impact
Major players in the market are Continental AG, LG Display Co. Ltd. , Denso Corporation , Visteon Corporation, Nippon Seiki Co. Ltd, Panasonic Holdings Corporation, Pioneer Corporation, Yazaki Corporation, Toshiba Corporation, Garmin Ltd.
New York, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Automotive HUD Global Market Report 2022: Ukraine-Russia War Impact" - https://www.reportlinker.com/p06368533/?utm_source=GNW
, MicroVision Inc., Hudway LLC., Mitsubishi Electric Corporation, Thales Group, and BAE Systems.
The global automotive HUD market is expected to grow from $1.14 billion in 2021 to $1.43 billion in 2022 at a compound annual growth rate (CAGR) of 25.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting manyevery markets across the globe. The automotive HUD market is expected to grow to $3.64 billion in 2026 at a CAGR of 26.2%.
The automotive HUD market consists of sales of automotive HUD technologies by entities (organizations, sole traders, partnerships) that are used to display crucial information and data without diverting the driver from their usual viewing position. Automotive HUD refers to a technology designed to present information directly in the driver’s field of view ahead on the windshield and improve the visual comfort of the driver.
The main types of automotive HUD are windshield and combiner.Windshield HUD refers to a special type of laminated windshield generally mounted on the car dashboard with an additional polarised layer to reflect the images projected on it through a special projector.
The major technologies used are conventional and augmented reality HUDs.The various dimensions are 2D and 3D.
The various types of fuel include BEV, ICE, and hybrid. These are used by passenger cars, small cars, compact cars, mid-sized cars, luxury cars, SUVs and crossovers, and light commercial vehicles.
North America was the largest region in the automotive HUD market in 2021.Europe is expected to be the fastest-growing region in the forecast period.
The regions covered in the automotive HUD market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing demand for connected vehicles is expected to propel the growth of the automotive HUD market going forward.A connected vehicle is a vehicle that has an internet connection.
Automotive HUDs help connected vehicles by increasing the security and safety of vehicles using various technologies.For instance, in 2020, according to Smartcar, a US-based software company, the United States led all other nations in terms of connected vehicle sales.
Around 91% of all passenger automobiles sold in the US had internet connectivity.Over 13 million linked automobiles have been sold in the United States alone.
Therefore, the growing demand for connected vehicles is driving the growth of the automotive HUD market.
Technological advancement is a key trend gaining popularity in the automotive aftermarket.Major companies operating in the automotive HUD market are focused on developing technologically advanced products to strengthen their position in the automotive HUD market.
For example, in January 2019, Panasonic Automotive, a manufacturer of automotive products and technologies, launched SPYDR 2.0. This is an industry-leading smart technology platform that is a single-brain cockpit domain controller solution featuring a Driver Monitoring System (DMS) technology with Head-Up Display (HUD) Integration. With this technology, a camera with a direct view of the driver can be integrated without any visual blockage and vehicle manufacturers experience enhanced performance, flexibility, speed, openness, and scalability to market.
In February 2022, HARMAN International, a US-based audio equipment company focused on connected technologies for automotive, consumer, and enterprise, acquired Apostera for an undisclosed amount.With this acquisition, HARMAN International wants to broaden the companies’ presence at the forefront of automotive AR/MR experience design and further extend automotive product offerings.
Apostera is a Germany-based automotive technology company that builds augmented reality (AR) and mixed reality (MR) head-up display (HUD) software.
The countries covered in the automotive HUD market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The automotive HUD market research report is one of a series of new reports that provides automotive HUD market statistics, including automotive HUD industry global market size, regional shares, competitors with an automotive HUD market share, detailed automotive HUD market segments, market trends and opportunities, and any further data you may need to thrive in the automotive HUD industry. This automotive HUD market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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