The South America automotive HUD market is expected to grow from US$ 14.60 million in 2022 to US$ 33.82 million by 2028; it is estimated to grow at a CAGR of 15.0% from 2022 to 2028.
Manufacturers are increasingly incorporating augmented reality (AR) and artificial intelligence (AI) into head-up displays (HUDs) to increase safety and visibility in autonomous vehicles. When used in conjunction with existing holographic HUDs, AR can improve functionality by overlaying navigational indicators and other barriers with color-coded strips and other indicators. Growing public awareness of enhanced safety features and control modules in automobiles fuels the growth of the South America (South America) automotive HUD. As installation prices decrease, manufacturers are expected to use this technology.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America automotive HUD market. The South America automotive HUD market is expected to grow at a good CAGR during the forecast period.
The South America automotive HUD market is segmented based on by installation type, location, vehicle, and country. Based on installation type, the South America automotive HUD market is divided into combiner HUD and windshield HUD. The windshield HUD segment dominated the South America automotive HUD market in 2022. Based on location, the South America automotive HUD market is categorized into conventional HUD and augmented reality HUD (AR HUD). The conventional HUD segment dominated the South America automotive HUD market in 2022. Based on vehicle, the South America automotive HUD market is categorized into passenger cars, light commercial vehicle (LCV), and heavy commercial vehicle (HCV). The passenger cars segment dominated the South America automotive HUD market in 2022. Based on country, the South America automotive HUD market is segmented into Brazil, Argentina, and Rest of South America. The Brazil segment dominated the South America automotive HUD market in 2022.
Key players dominating the South America automotive HUD market are Continental AG; Denso Corporation; Robert Bosch GmbH; Harman International; Yazaki Corporation; Valeo; Nippon Seiki Co., Ltd; and Panasonic Automotive Systems Europe GmbH by Altair are among the leading companies in the South America automotive HUD market.