Asia-Pacific Automotive Head-Up Display Market was valued at US$ 250.01 Million in 2018 and is anticipated to reach US$ 940.83 Million by 2025
Asia Pacific Head-Up Display Market is anticipated to reach the market valuation of US$ 944.95 million by 2025 expanding at an astonishing CAGR of 20.4% in the course of the forecasted period (2019-2025) from US$ 250.01 million in 2018. Windshield HUD and Combiner HUD are the major product category of the automotive Head-Up display technology. In 2018, windshield HUD dominated the Asia Pacific automotive HUD market and is anticipated to generate a market size of US$ 256.88 million by 2020. On the other hand, combiner HUD segment is anticipated to expand at highest CAGR growth of 22.5% during the analyzed period. Evolving vehicle technology and increasing demand for high-end luxury and mid-sized vehicles are considered to be the key growth drivers for the Asia Pacific automotive HUD market. Moreover, surging adoption of advanced driver assistance system (ADAS) technology due to rising consumer interest and stringent government regulations for safe driving further adds value to the overall market growth. Also, China has expanded significantly in mobile connection technology keeping customer benefits as a priority and accordingly launching advanced technologically equipped vehicles. Car manufacturers provide several applications embedded in the car, which ensures comfort and safety of the driver. This will further increase the adoption of HUD technology in this region.
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The ever-growing interest of consumers towards the safety and comfort owing to the overall increase in disposable income, which have influenced the consumers to spend more on technologically advanced products in their vehicles is further accelerating the demand of the technology in high-end vehicles and SUVs. Based on the technology market is segmented into augmented reality and conventional technologies. Augmented Reality HUD dominated the market in 2018, however, rises in the adoption of conventional technologies in the mid-priced and economic vehicle segment is expected to propel its demand, making it the fastest-growing technology during the forecasted period. Whereas, augmented reality HUD technology is expected to maintain its dominance during the same period. The segment is forecasted to generate a revenue size of US$ 600.26 million by 2025. Augmented reality HUD is smaller and lighter, compared to that of conventional HUD, thus making it easier to be integrated into vehicles. Some of the key players operating in the Augmented Reality HUD market are Continental, Bosh, Nippon Seiki, Visteon Corporation, and Denso Corporation.
For through analysis of the current and ongoing development of automotive Head-up display technology in the Asia-Pacific region browse through https://univdatos.com/report/asia-pacific-automotive-head-up-display-market-3/
OEM’s and Aftermarket sales are the two major channels of sales for the automotive HUD sector analyzed during the study. OEM’s sales channel was the largest market for automotive HUD technology, followed by aftermarket sales channel, which is estimated to witness the highest CAGR growth of 19.5% during the forecasted period 2019-2025. In 2018, North America dominated the OEM sales channel segment market, however, Europe region is expected to become the largest market post-2019. Additionally, HUD technology is rapidly capturing every segment of vehicles manufactured, including luxury vehicles, premium cars and SUVs, among others. Luxury brands such as Audi, BMW, Lexus, land Rover and Mercedes-Benz among others are offering a HUD system as a standard or optional add on feature across their premium vehicles. The growing interest of customers for advance safety features across the premium...
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