Such report suggests that the global automotive head-up display market will exhibit a 22% CAGR through the forecast period ending in 2022. Some of the factors contributing to the upsurge of the global automotive head-up display market include the mounting awareness towards safety features in automobiles among consumers and a proliferation in demand for luxury and premium automobiles.
Segmentation
The global automotive head-up display market is studied for different segments to arrive at an insightful and accurate analysis. Such segmentation is carried out by HUD type, application, and region. Based on HUD type, the global automotive head-up display market is segmented into combiner and windshield. Based on application, the global automotive head-up display market is segmented into premium, luxury, and mid-segment cars.
Regional Analysis
North America’s automotive head-up display market is anticipated to witness acceleration in growth due to an increase in the demand for automobiles. A momentous rise in the demand for cars, especially in the US, is driving the regional automotive head-up display market. Further, the existence of major manufacturers in this region is propelling growth noted in North America. Availability and adoption of advanced and sophisticated technologies in the region are likely to promote the ascension of the automotive head-up display market in North America.
The Rest of the World segment comprises Latin America and Middle East & Africa. The Middle East & Africa’s market for automotive head-up display market is expected to emerge at a fast pace during the forecast period. This is accredited to the rising adoption of passenger cars in the region. Latin America is expected to emerge as a significant growth pocket for automotive head-up display solutions. This can be attributed to the upscaling introduction of government initiatives that are encouraging rapid development of the automotive components industry in the region.
Key Players
Some of the elite players in the global automotive head-up display market include Continental AG (Germany), Rockwell Collins (U.S.), Nippon Seiki Co. Ltd. (Germany), Denso Corporation