Automotive Head-Up Display Market Analysis | 2023-2028

Market Insights

The automotive head-up display market was estimated at USD 1.05 billion in 2022 and is likely to grow at a CAGR of 30.42% during 2023-2028 to reach USD 5.17 billion in 2028.

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Market Dynamics

Introduction

An automotive head-up display is a transparent display that is installed in such a way in the vehicle that the driver does not have to get diverted from their viewpoint while driving. It is mainly installed on the dashboard and the results are shown on the projector. Automotive head-up display is a new concept that is used now in higher-end vehicles as of now. Noticing the security benefits, there are chances that it can be used in other vehicles too in the future.

Market Drivers

The major factors driving the growth of the head-up display in the automotive industry are:

• Rising demand for high-end luxury and mid-size cars with advanced safety features, including head-up displays.
• Increasing use of smartphones and navigation systems.
• Introduction of more stringent government regulations regarding safety.
• Continuous reduction in the price of head-up displays.
• Advancements in the technology.
• Organic growth in automobile production.

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Key Players

Excellent growth in the market is attracting other players to enter the market. Advancement in technology, development of cost-effective solutions, and collaboration with OEMs are some of the key strategies adopted by major companies to gain a competitive edge over others.

Some of the well-known manufacturers of head-up displays for the automotive industry are:

• Nippon Seiki Co., Ltd.
• Continental AG
• Denso Corporation
• Visteon Corporation
• Yazaki Corporation
• Pioneer Corporation
• Panasonic Corporation
• Robert Bosch GmbH
• Delphi Automotive Plc
• MicroVision Inc.

Note: The above list does not necessarily include all the top players in the market.

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Segments Analysis

By Vehicle Type

The automotive head-up display market is segmented based on vehicle type: luxury cars, sports cars, mid-segment cars, and basic-segment cars. Luxury car is projected to remain the largest segment in the market during the forecast period. All major luxury car manufacturers, such as BMW, Mercedes-Benz, and Audi are incorporating the head-up display into some of their models. These luxury car manufacturers are also working with the head-up display manufacturers to introduce these systems into their mid-segment cars. This will drive the demand for head-up displays in mid-segment cars in the coming five years.

By Product Type

The market is further segmented based on product type such as windshield and combiner. Windshield projector is expected to remain the largest product type in the market during the forecast period, driven by higher use in luxury vehicles. Both projector types (windshield and combiner) are likely to witness double-digit growth rates over the next five years, however, combiner projector-based head-up display is expected to grow at a much higher rate in the same period, propelled by its low cost and smaller in size.

By End-User Type

OEM is expected to remain the largest end-user type in the market over the next five years, driven by increasing adoption from luxury to mid-segment carmakers. There is also good growth expected in the aftermarket in the same period.

Regional Insights

North America is expected to remain the most dominant market in the automotive head-up display during the forecast period, driven by the increasing adoption of HUDs in the new models. There are more than 40 vehicle models available in the United States with standard or optional head-up displays, up from 10 models seven years ago.

Asia–Pacific is projected to register the highest growth in the market in the same period. China, Japan, South Korea, and India are the largest producers of automobiles in this region. These countries are expected to drive the demand for head-up displays in the region over the next five years.

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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects automotive head-up display market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The automotive head-up display market is segmented in the following ways:

By Vehicle Type

• Luxury Cars
• Sports Cars
• Mid-Segment Cars
• Basic-Segment Cars

By Product Type

• Windshield Projected
• Combiner Projected

By Component Type

• Display Combiner
• Display Panel
• Projector
• Video Generator
• Software
• Others

By End-User Type

• OEM
• Aftermarket

By Region

• North America (Country Analysis: USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, South Korea, India, and the Rest of Asia-Pacific)
• Rest of the world (Country Analysis: Brazil, Argentina, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3)
• SWOT analysis of key players (up to 3)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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