Global Automotive Heads-Up Display Market To Flourish With An Expected Revenue Of USD 1,291.68 Million By 2021
The global automotive heads-up display market has some of the major participants in including Nippon Seiki, Panasonic, Continental, Delphi Automotive, Microvision Inc., Denso Corporation, Visteon Corporation, and Yazaki Corporation. These manufactures are expected to set the automotive heads-up display market with new records in the years to come.
According to the analysts at Zion Market Research, requirement for global automotive heads-up display market was capitalized at USD 411.57 Million in 2015. The automotive heads-up display market is anticipated to cross USD 1,291.68 Million by 2021 and is expected to develop at a CAGR of more than 21.68% from 2016 to 2021. The global automotive heads-up display market in terms of volume stood at more than 1.26 Million units in 2015.
Elevating Requirement For Cars All Over The World To Power Automotive Heads-Up Display Market
Analysts at Zion Market Research claim that a major factor for boosting the automotive heads-up display market is elevating requirement for cars all over the world. The global car industry is developing at a rapid speed owing to the increasing disposable revenue in developing as well as developed nations. China is the biggest manufacturer of mid-size cars all over the world, and this makes it one of the biggest noteworthy mid-size cars markets indirectly boosting the automotive heads-up display market in this region. With an augmenting number of installations of cars, requirement for mid-size vehicles and the premium vehicles is anticipated to elevate. In addition to this, entry of the new players and improvements in the technology in the global automotive heads-up display market are anticipated to reduce down the cost of heads-up displays. For instance, in March 2018, Refreshed Mazda 6 sedan was launched with enhanced head-up display. This, in return, is hoped to elevate the requirement for automotive heads-up display market. On the other hand, uncertain economic conditions in developing nations such as India & China and high installation cost are anticipated to hold the development of automotive heads-up display market.
However, various mergers and acquisitions by the global players in the automotive heads-up display market are expected to bolster the market. For example, in February 2018, BAE will supply UAE armed forces aircraft equipped with head-up displays.
Asia Pacific Anticipated To See Momentous Rise In Automotive Heads-Up Display Market
Windshield-projected HUDs and combiner-projected HUDs are the product divisions of the automotive heads-up display market. In 2015, windshield-projected HUDs division ruled the automotive heads-up display market and added up for noteworthy share of the global automotive heads-up display market in terms of volume. Windshield-projected HUDs are seeing sturdy requirement from end users.
The global automotive heads-up display market was ruled by North America and obtained a noteworthy share in 2015. North America was chased by Asia Pacific. Asia Pacific is anticipated to see the momentous rise in automotive heads-up display market owing to the huge requirement from up-and-coming nations such as India and China.
This review is based on a report by Zion Market Research, titled “Global Automotive Heads-up Display Market (Combiner-projected HUD’s, Windshield-projected HUD’s) for Mid-size Car and Premium Car- Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”
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The global automotive heads-up display market is segmented as follows:
- Combiner-projected HUD’s
- Windshield-projected HUD’s
By End User
- Mid-size Cars
- Premium Cars
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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