Automotive Head-up Display Market Revenue, Future And Business Analysis By Forecast 2033 from Vishal's blog

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.

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.

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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.

Key Takeaways

• The United States automotive head-up display industry is projected to expand with a CAGR of 16.8% from 2023 to 2033.
• The demand for automotive head-up displays in China is expected to capture a CAGR of 17.1% during the forecast period.
• By dimension, the 3D segment is projected to expand with a CAGR of 19.6% between 2023 and 2033.
• Germany is expected to secure a CAGR of 17% throughout the forecast period.

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

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Competitive Landscape

The market for automotive head-up displays is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

The key industry players operating in the market are

1. Continental AG
2. Denso Corporation
3. Nippon Seiki Co., Ltd.
4. Visteon Corporation
5. Delphi Automotive LLP
6. Garmin Ltd.
7. MicroVision, Inc.
8. LG Display Co., Ltd.
9. Hyundai Mobis
10. KYOCERA Corporation
11. Harman International
12. Panasonic Corporation
13. Robert Bosch GmbH
14. Valeo
15. JVCKENWOOD Corporation