Report : Europe Automotive HUD Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Installation Type (Combiner HUD and Windshield HUD), Location [Conventional HUD and Augmented Reality HUD (AR HUD)], and Vehicle [Passenger Cars, Light Commercial Vehicles (LCV), and Heavy Commercial Vehicles (HCV)]
At 17.7% CAGR, the Europe Automotive HUD Market is speculated to be worth US$ 944.69 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe automotive HUD market was valued at US$ 355.83 million in 2022 and is expected to reach US$ 944.69 million by 2028, registering an annual growth rate of 17.7% from 2022 to 2028. Developed adoption rate of windshield HUD and increasing awareness about passenger and vehicle safety.
By visually displaying real-time traffic conditions for drivers, advanced head-up displays, such as AR-based head-up displays, make driving extremely comfortable and safe. Head-up displays that are mounted on the windshield, on the other hand, take up a lot of room in car cockpits. Due to the enormous space occupied by AR-based head-up displays on automobile dashboards, significant efforts are being made to re-design automotive cockpits. Any reduction in the size of AR-based head-up displays impairs the sharpness of augmented images, making them less legible for drivers. In addition, iris recognition and gesture control devices must be placed in vehicles with head-up displays to ensure that projections are precisely in drivers' field of view. The inability to install AR-based head-up displays in automobile cockpits due to space constraints is a major stumbling block for the head-up display business in automotive applications. This is expected to drive the market during the forecast period.
On the contrary, automotive cockpit space is limited hurdles the growth of Europe automotive HUD market.
Based on installation type, the Europe automotive HUD market is divided into combiner HUD and windshield HUD. The windshield HUD bearings automotive HUD segment held 62.0% market share in 2022, amassing US$ 220.51 million. It is projected to garner US$ 570.13 million by 2028 to expand at 17.2% CAGR during 2022–2028.
Based on location type, the Europe automotive HUD market is categorized into conventional HUD and augmented reality HUD (AR HUD). The conventional HUD segment held 81.8% market share in 2022, amassing US$ 291.02 million. It is projected to garner US$ 757.10 million by 2028 to expand at 17.3% CAGR during 2022–2028.
Based on vehicle type, the Europe automotive HUD market is categorized into passenger cars, light commercial vehicle (LCV), and heavy commercial vehicle (HCV). The passenger cars segment held 76.8% market share in 2022, amassing US$ 273.37 million. It is projected to garner US$ 717.88 million by 2028 to expand at 17.5% CAGR during 2022–2028.
Based on country, the Europe automotive HUD market has been categorized into the France, Germany, UK, Italy, Russia, and Rest of Europe. Our regional analysis states that Germany captured 26.7% market share in 2022. It was assessed at US$ 95.00 million in 2022 and is likely to hit US$ 256.80 million by 2028, exhibiting a CAGR of 18.3% during the forecast period.
Key players dominating the Europe automotive HUD market are Continental AG; Denso Corporation; Robert Bosch GmbH; Harman International; Yazaki Corporation; Valeo; Nippon Seiki Co., Ltd; Panasonic Automotive Systems Europe GmbH; HUDWAY, LLC; and Japan Display Inc.
among others.
- In May 2021, Panasonic's Large-screen WS HUD Incorporated in the Mitsubishi Outlander.
- In Feb 2022, Continental Transfers Head-Up Display for Cars to Trams.
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