Automotive Head-up Display Market Revenue, Future And Business Analysis By Forecast 2033Posted by Research23 on July 12th, 2023 The global automotive head-up display market is expected to attain a valuation of US$ 1.3 billion in 2023 and is projected to reach US$ 6.4 billion by 2033, trailing a CAGR of 17.2% during the forecast period. New projection technologies are becoming available, such as electromechanical micro mirror-based devices. These innovations offer vivid displays with a broad colour spectrum. The affordability and innovation that these display technologies offer are what are driving the market growth for display systems. Key Takeaways
Increasing sales of luxury and premium vehicles are expected to fuel the demand for automotive head-up displays during the forecast period - Anticipates an FMI Analyst Download the sample [FREE]: The automotive industry is swiftly adopting the era of mobility 4.0, marked by the emergence of CASE technologies (connected, autonomous, shared, and electric), increasing sustainability trends, and evolving customer behavior. Global sales of luxury and premium vehicles are increasing due to the rise in disposable income of consumers, while utility vehicles are gaining popularity worldwide. These factors are driving the growth of the automotive head-up display (HUD) market. Moreover, the increasing affordability of cars among low- and middle-class consumers is further expected to propel market growth. The market is significantly expanding due to increased awareness of road vehicles and passenger safety. Features such as on board cameras, alert signals, speed limits, and navigation help prevent driver distractions while driving. Utilizing head-up displays can avoid accidents caused by drivers checking in-vehicle displays and provide excellent driver safety. The growing demand for connected vehicles acts as a significant driver, fuelling the growth of the global automotive head-up display market during the forecast period. Automotive HUDs are used to enhance safety during flights with limited visibility and ground-based obstacles. They aid in landing by providing the pilot with information about the flight path, safe landing position, and proximity to other aircraft. Moreover, this leads to a high demand for automotive head-up displays globally. The desire for an improved driving experience is also fuelling market growth further. For more information: https://www.futuremarketinsights.com/reports/automotive-hud-market Recent Developments in the Automotive Head-up Display Market
Key Segments Profiled in the Automotive Head-up Display Market By Product Type:
By Technology:
By Vehicle Type:
Like it? Share it!More by this author |