Key Findings
The concept of head-up displays has been used in the aviation industry and is being equipped in the automotive sector. Miniaturization of the electronic components, growing absoluteness of the cellular (3G, 4G) and a broadband network coupled with the substantial reduction in the prices of communication devices and advancements in the mapping technology have provided a major impetus to the growth of automotive head-up display system market.
Asia-Pacific automotive head-up display finds its application primarily in the automotive sector that includes mid-segment, luxury, and economical vehicles, which is further augmenting the growth and adoption of automotive head-up display market in the region. Over the forecast period of 2019-2027, the market is likely to register a healthy CAGR of 22.38%.
Market Insights
The automobile sector is one of the core contributors to the Asian economy. Thus with an increasing demand for vehicles equipped with advanced electronic systems, the market for automotive head-up display is expected to grow substantially over the forecast period.
The Japan HUD market is expected to experience considerable growth over the forecast period. Other markets analyzed in this report include China, India, Australia and the remaining countries collectively forming the Rest of APAC regional segment.
Competitive Insights
APAC market is being consolidated by the presence of companies like Visteon Corporation, Nippon Seiki Co. Ltd., Robert Bosch GmbH, LG Display Co. Ltd., Panasonic Corporation, Yazaki Corporation, Denso Corporation, Harman International Incorporated, BAE Systems Inc., Microvision Inc., Continental AG, Pioneer Corporation, Texas Instruments Inc., and Garmin International Inc.