Plant Shutdowns Impact HUD Revenue Generation amidst COVID-19 Outbreak

Negative ramifications of the coronavirus (COVID-19) pandemic are reflecting in the automotive head-up display (HUD) market. Manufacturers have encountered a downtick in HUD sales in the past couple of months, since governments had put commute, travel, and transportation restrictions. Plant shutdowns worldwide have severely affected the sales of vehicles. As such, several European and Asia Pacific countries, such as Germany, Italy, China, and Japan are keen on resuming production activities in full force. However, new COVID-19 cases in major revenue generating countries such as India and Russia are predicted to hamper market growth.

Moreover, cash flow in the automotive head-up display (HUD) market has been severely affected due to the cancellation and postponement of global trade events.

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Automotive Head-up Displays Form Important Aspect of Interior Automotive Technology

Automotive manufacturers are introducing reality into fiction by innovating in 2D and 3D head-up displays (HUD). HUDs have now become a reality in passenger vehicles. Companies in the automotive head-up display (HUD) market are scrambling to perfect this technology, as HUDs are the next big advancement in the interior automotive technology.

Car buyers are yet to familiarize with automotive head-up displays, since this technology is more prominent in luxury vehicles as compared to conventional vehicles. As such, the market for automotive head-up displays (HUD) is projected to surpass the value of US$ 4.7 Bn by the end of 2030. This is evident as this market in Asia Pacific is estimated to generate the highest revenue, owing to an alarmingly high number of road accidents in developing countries such as India.

HUD Manufacturers Collaborate with Smartphone Companies to Solve App Integration Issues

The automotive head-up display (HUD) market is expected to expand at an astonishing CAGR of ~22% during the assessment period. However, the cost of automotive head-up display (HUD) installation certainly pinches the pocket of customers, as many customers still rely on mobile apps for navigation and infotainment. Moreover, HUDs provide a plethora of information about speed limit and other metrics but are unable to access smartphone apps. Hence, manufacturers in the automotive head-up display (HUD) market are now turning toward Google and Apple to solve integration issues.

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Since most navigation and infotainment systems function on the antiquated technology, automotive manufacturers are increasing their production capabilities to manufacture vehicles integrated with HUDs that sync with Google Android and Apple’s iOS operating systems. For instance, Navdy- an augmented reality (AR) GPS (Global Positioning System) navigation system startup, is bolstering its production to manufacture aftermarket HUD systems that can be integrated with Apple and Android smartphones.

Online Sales and Lucrative Product Return Policies Increase Product Uptake

Companies in the automotive head-up display (HUD) market are tapping into incremental opportunities through online sales to broaden their revenue streams. For instance, the Acecar HUD is listed on the Amazon e-Commerce website and is acquiring popularity for its glare-free and auto-adjustable brightness features. Innovative sales strategies such as the 12-month return policy due to dissatisfaction of HUD products is building the credibility of companies in the automotive head-up display (HUD) market.

Manufacturers are increasing their R&D muscle to develop automotive head-up displays (HUDs) that eliminate the need for reflection films. Such convenience attributes are boosting the uptake of HUDs since the information is directly projected on the windshield.

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Analysts’ Viewpoint

Political tensions between key revenue generating countries, such as India and China, are anticipated to affect economic growth of the Asia Pacific automotive head-up display (HUD) market amidst the ongoing COVID-19 era. Renowned automotive manufacturer KIA has introduced its Smart 8.0 head-up display in their new car offering, the KIA Seltos SUV. Though the online market is booming in the HUD sector, several of these products are not compatible with older models of mobile phones. Hence, manufacturers should introduce both advanced as well as basic level HUDs to cater to the need of premium and budget-strapped buyers. They should collaborate with smartphone companies to deliver seamless app integration in navigation and infotainment systems.

Automotive Head-up Display (HUD) Market: Overview

  • The global automotive head-up display (HUD) market is anticipated to expand at a CAGR of ~22% during the forecast period, owing to the rise in sale and production of luxury vehicles across the globe that has led to an increase in consumption. This, in turn, is estimated to boost the production of head-up display. Major original equipment manufacturers (OEMs) are investing on luxury vehicles that contain head-up display, which provides better standard viewpoint.
  • Increase in adoption of artificial intelligence in vehicles is estimated to play a key role in propelling the automotive head-up display (HUD) market. Developed counties, including the U.S. and Japan are more focused on the adoption of head-up display. Major luxury vehicles manufacturers, including Audi and BMW, have already implemented head-up displays in their vehicles and furthermore, these vehicle manufacturers are developing advanced technology regarding head-up display, which is likely to propel the automotive head-up display (HUD) market across the globe.

Drivers of Automotive Head-up Display (HUD) Market

  • Rising urbanization and demand for smart cities across the globe have fueled the usage of luxury vehicles across the globe, significantly, which is likely to augment the automotive head-up display (HUD) market during the forecast period
  • Integration of advanced technologies, including light emitting diodes (LEDs) and liquid crystal displays (LCDs) that deliver bright and transparent images and data on the windshield display is increasing, owing to the development of display technology that helps vehicle manufacturers to manufacture head-up displays at minimum cost. This is anticipated to boost the automotive head-up display (HUD) market across the globe.
  • Demand for connected vehicles is rising, which increases the adoption of advanced safety features, including blind spot detection and pedestrian protection system in vehicles that use head-up display for navigation and detection while driving. Introduction of new projection technologies, including micro mirror-based devices based on electromechanical systems is expected to encourage the development of brighter displays with the usage of more colors. This is anticipated to propel the automotive head-up display (HUD) market across the globe.

Challenges for Automotive Head-up Display (HUD) Market

  • Major vehicle manufacturers shutdown their plants due to the COVID-19 pandemic, which led to a decline in vehicle production and sale. Prominent automakers, including GM, Ford, and FCA, under pressure from unions to protect employees and to follow government advisories, decided to idle their plants across the globe. Toyota, Honda, Tesla, and Nissan also announced a temporary suspension of production across the globe, which is a major challenge for the automotive head-up display (HUD) market across the globe.
  • Automotive head-up display has developed as portable multimedia that is likely to directly distract the driver while driving. Diversion from the voice and flashing text can be responsible for accident, which is likely to restrain the automotive head-up display (HUD) market.

Automotive Head-up Display (HUD) Market Segmentation

  • Based on vehicle type, the passenger vehicle segment dominated the global automotive head-up display (HUD) market due to the rise in production of passenger vehicles across the globe. Demand for luxury or premium passenger vehicles is increasing due to rise in disposable income of people and increase in living standards of people across the globe.
  • Based on technology, the conventional HUD segment dominated the market, as low installation cost of the HUD system and growing importance of passenger and vehicle safety systems among automotive consumers. Major vehicle manufacturers are adopting conventional HUD to provide better and transparent view of surroundings, which is likely to boost the automotive head-up display (HUD) market across the globe.

Automotive Head-up Display (HUD) Market: Regional Analysis

  • Based on region, the global automotive head-up display (HUD) market has been segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • Asia Pacific and Europe are projected to be highly lucrative markets during the forecast period. This is primarily due to the presence of prominent automotive industry in China, Germany, Japan, and India. Major presence of original equipment manufacturers and tier-1 suppliers across Europe, who have advanced research and development facilities for head-up display, is anticipated to drive the automotive head-up display (HUD) market in the region during the forecast period.

Automotive Head-up Display (HUD) Market: Competition Landscape

  • Key players operating in the global automotive head-up display (HUD) market include 
    • Robert Bosch GmbH
    • Continental AG
    • Denso Corporation.
    • Magna International.
    • ZF Friedrichshafen AG.
    • Pioneer Corporation
    • Nvidia Corporation
    • Panasonic Corporation
    • Garmin Ltd.
    • Harman International
    • LG Display Co. Ltd
    • Mitsubishi Electric
    • Marelli Holdings Co. Ltd.
    • Texas Instruments
    • Toshiba Corporation
    • Visteon Corporation
    • YAZAKI Corporation
    • Valeo SA
    • Alps Alpine Co. Ltd
    • Clarion
  • Key players at the global level are expanding their footprint by engaging in mergers and acquisitions with several players in the industry. In May 2020, Continental AG and the Pioneer Corporation signed a strategic cooperation agreement. Their integrated infotainment solution means both partners create a holistic user experience that is specially aimed at the market in Asia. In February 2015, Magna International Inc. acquired the head-up display and electronic components business units of Philips & Lite-On Digital Solutions (PLDS) in Wetzlar, Germany, as well as PLDS' ultrasonic sensor business in Hsinchu, Taiwan.

Automotive Head-up Display (HUD) Market – Scope of the Report

Transparency Market Research’s recent report on the automotive head-up display (HUD) market with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the automotive head-up display (HUD) market analyzes the scenario for the period of 2019 to 2030, wherein, 2019 is the base year and 2018 and before is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.

This TMR study on the automotive head-up display (HUD) market also provides data on the developments made by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of the strengths, weaknesses, threats, and opportunities, along with the trends and restraints in the landscape. Presented in a clear sanctioned manner, this report on the automotive head-up display (HUD) market gives readers an individual understanding of the market.

This report on the automotive head-up display (HUD) market provides information on the basis of type, dimension type, technology, vehicle type, sales channel, and region.

This study also discusses the underlying trends and impact of various factors that are driving the automotive head-up display (HUD) market, along with their influence on the evolution of the market.

This study also offers Porter’s Five Point Analysis, value chain analysis, regulatory scenario, and a SWOT analysis of the automotive head-up display (HUD) market, in order to elaborate the crucial growth tactics and opportunities for market players contributing to the market.

Key Questions Answered in This Report on Automotive Head-up Display (HUD) Market

  • How much value will the automotive head-up display (HUD) market generate by the end of the forecast period?
  • Which segment of the market is likely to have the maximum market share by 2030?
  • What are the impact factors and their effects on the market for automotive head-up display (HUD) market?
  • What regions currently contribute the maximum share to the overall automotive head-up display (HUD) market?
  • What are the indicators expected to drive the automotive head-up display (HUD) market?
  • What region is likely to be a lucrative market during the forecast period?
  • What are the essential strategies by key stakeholders in the automotive head-up display (HUD) market to expand their geographic presence?
  • What are the major advancements witnessed in the automotive head-up display (HUD) market?
  • How regulatory norms affected the market for automotive head-up display (HUD) market?

This report answers these questions and more about the automotive head-up display (HUD) market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Automotive Head-up Display (HUD) Market: Research Methodology

This TMR report on the automotive head-up display (HUD) market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. Market volume is determined by country wise model mapping of vehicle through internal & external proprietary databases, and relevant patent and regulatory databases. The competitive scenario of the automotive head-up display (HUD) market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data, current trends and announcement by the key players, researchers of the automotive head-up display (HUD) market arrive at predictions and estimations, and calculate the forecast for the market.

This report uses an analytical triangulation method to estimate the numbers and figures of the automotive head-up display (HUD) market, with both a bottom-up and top-down approach.

This detailed assessment of the automotive head-up display (HUD) market, along with an overview of the landscape, is provided based on a careful examination of the avenues related to this industry. Analysts’ conclusions on how the automotive head-up display (HUD) market is estimated to expand are based on carefully vetted primary and secondary sources.

Automotive Head-up Display (HUD) Market – Segmentation

Vehicle Type

Passenger Vehicle

Commercial Vehicle

Dimension Type

2D HUD

3D HUD

Type

Windshield HUD

Combiner HUD

Technology

Augmented Reality HUD

Conventional HUD

Sales Channel

OEM

Aftermarket\

Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

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