DUBLIN, Jan. 23, 2015 /PRNewswire/ --Research and
Markets
(http://www.researchandmarkets.com/research/jmsztp/automotive )
has announced the addition of the "Automotive Head-up Display (HUD)
Market by HUD type, Application and Geography - Industry Trends and
Forecast to 2019" report to their offering.
The global automotive HUD market for Luxury & Premium car
size, in terms of value, is estimated to be at $146.2 million in 2014, which is projected to
grow to $252.6 million by 2019, at a
CAGR of 11.52%.
Road accidents occur either due to poor quality of road
transport system or a break in the balance between the
environmental demand and the driver's ability to act. It is a
man-made crisis, with human error responsible for over 90% of
accidents. In an attempt to counter the growing number of road
accidents, the auto industry has begun to adopt safety equipment in
a big way. As automakers introduce advanced driver assistance
systems (ADAS), digital instrument clusters, heads up displays, and
other new technologies; consumers are demonstrating readiness to
adapt to these systems.
The global boom in premium and luxury cars is expected to
continue. Ultra-high net worth individuals who are customers for
these cars are expected to grow by 3% to 5% annually. The HUD
systems are usually offered as optional equipment, and its higher
cost is a major restraint for its adaptability. To achieve
economies of scale, the technology should be produced for
mid-segment cars which constitute to the major share of automotive
sales. Prices are expected to decline, as volume grows and
development costs are paid off, enabling more widespread
adoption.
Europe and North America are growing at a good pace,
owing to the increase in luxury vehicle sales. With the increase in
purchasing power and penetration of luxury cars in emerging nations
such as China, Brazil, and India has resulted in an increase in demand of
luxury cars. Asia-Oceania is estimated to be the largest market for
HUD.
Global HUD market is dominated by few top players such as Nippon
Seiki(Japan), Harman(U.S.), Denso
Corporation(Japan), Continental
AG(Germany), Visteon (U.S.),
Robert Bosch GmbH(Germany),
Panasonic Corporation(Japan), and
Delphi Automotive PLC(U.K.) whereas OEMS including General
Motors(U.S.) and BMW(Germany) are
also focusing on development of HUD for current and future
automotive applications.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Global Automotive Hud Market, By Region
8 Automotive Hud Market, By Application
9 Automotive Hud Market, By Type
10 Competitive Landscape
11 Company Profiles
For more information visit
http://www.researchandmarkets.com/research/jmsztp/automotive
Media Contact: Laura Wood
, +353-1-481-1716, press@researchandmarkets.net