The latest report by Future Market Insights (FMI), titled “Automotive Head-up Display (HUD) Market: Global Industry Analysis and Opportunity Assessment 2015 – 2025” offers vital insights on the global market. The global market for automotive HUD is expected to show an impressive CAGR of 23.2% with respect to market value and 30.6% with respect to volume over the course of the given forecast period of 2015 to 2025.
Combiner Segment to Grow over Course of Forecast Period : Automotive Head-up Display (HUD) is a system that shows information on the transparent screen, a windshield or a combiner in a car. This technology helps users to receive vital driving information and important messaging, thus cutting down the overall chances of probable road accidents.
The global market for automotive HUD can be segmented in terms of the product type into combiner and windshield. Of these mentioned product types, the segment of windshield is expected to dominate the global market over the coming years of forecast. The contribution of combiner segment is expected to be grow over the mentioned forecast period with a strong CAGR. In addition to this, the revenue generation from the combiner segment is expected to rise to 53.1% by the year 2025 and is projected to gain 1,940 Basis Point Share and showcase a CAGR of 28.9%.
Depending on the type of passenger car, the global market for automotive HUD can be segmented into premium, luxury, mid-size, sports car, and sports utility vehicle. Of these mentioned segments, the premium car segments has been dominant over the past few years. However, the sports car and SUV segments are expected to grow at a considerable rate over the given forecast period registering a strong CAGR.
Asia Pacific to Show Most Promising Growth : In terms of geography, the global automotive market can be segmented into key regions such as North America, Western Europe, Eastern Europe, Asia Pacific, and the Middle East and Africa. Of these mentioned regions, North America is expected to continue its dominance over the global automotive HUD market. The market in Asia Pacific is expected to be most promising owing to increasing popularity of luxury cars in the region along with rise in spending power. The other key segments such as MEA and Latin America are also expected to show steady growth.
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