The global Automotive Head-Up Display (HUD) market is expected to grow at a CAGR of around 21.9% over the forecast period 2021 to 2027 and expected to reach the market value of around US$ 3.46 Billion by 2027
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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.
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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.
COVID-19 Impact on Automotive Head-Up Display (HUD) Sales
- Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Automotive Head-Up Display (HUD)
- Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
- Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
- Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Automotive Head-Up Display (HUD) market 2021 onwards. This trend will however continue through the course of the report’s assessment period
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Recent report on the Automotive Head-Up Display (HUD) market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Automotive Head-Up Display (HUD) market analyzes the scenario for the period of 2017 to 2027, wherein, 2021 is the base year and 2020 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global Automotive Head-Up Display (HUD) market for the forecast period of 2021–2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.
The report analyzes the historical and present-day scenario of the global Automotive Head-Up Display (HUD) market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the Automotive Head-Up Display (HUD) market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.
The report delves into the competition landscape of the global Automotive Head-Up Display (HUD) market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the Automotive Head-Up Display (HUD) market that are profiled in this report.
Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The Automotive Head-Up Display (HUD) market is analyzed at both regional and country levels.
Automotive Head-Up Display (HUD) Market top Key Players:
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:
- Automotive Head-up Display (HUD) Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Automotive Head-up Display (HUD) Market, by Type
- Windshield HUD
- Combiner HUD
- Automotive Head-up Display (HUD) Market, by Sales Channel
- Automotive Head-up Display (HUD) Market, by Dimension Type
- 2D HUD
- 3D HUD
- Automotive Head-up Display (HUD) Market, by Technology
- Augmented Reality HUD
- Conventional HUD
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.
A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global Automotive Head-Up Display (HUD) market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global Automotive Head-Up Display (HUD) market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Key Questions are
- What are the key factors influencing the Automotive Head-Up Display (HUD) market in each region?
- How much value will the global market generate by the end of the forecast period?
- What will be the CAGR of the global market between 2021 and 2027?
- What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
- What is the future scope and current trends in technologies of the global market?
- What is the revenue of the global market based on segments?
- Which key strategies are used by top players of the global market?
- Which are the leading companies in the global market?
- What are the essential strategies by key stakeholders in the market to expand their geographic presence?
- What are the major advancements witnessed in the global market?
Why should you invest in this report?
If you are aiming to enter the global Automotive Head-Up Display (HUD) market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Automotive Head-Up Display (HUD) are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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