Global Automotive Holographic AR Display Market - Introduction
Automotive holographic AR display is an advance active safety and technical featured transparent device in automotive that projects prime information and status such as speed of the car, navigation direction, time, and distance travelled directly in the driver’s line of sight. This reduces the chances of driver distraction while driving. The automotive holographic AR display aids the driver in accepting the automated driving faster and projects key information either on the windshield or on a separate screen.
Global Automotive Holographic AR Display Market - Competitive Landscape
- In 2018, Porsche AG, a Germany-based automaker announced an investment of US$ 80 million to WayRay, a Switzerland-based company which target its goal to enable holographic AR (augmented reality) displays in automotive. WayRay’s AR technology is presently not available in any consumer automotive; however, in early 2018, the company presented its product in Porsche’s pilot project in conjunction with Harman, a Samsung-owned company and a prominent player in the field of car audio.
Founded in 1871, Continental AG is currently based in Hanover, Germany. Continental AG is a leading company that manufactures and supplies mechatronics and automotive electronics to customers across the world. The company emphasizes on forming alliances and partnerships with emerging and pioneering manufacturers in order to strengthen its presence in the advance components related market. The company display unit domain has presented numerous display solutions including AR HUD, Holographic HUD, DMD, and HUD.
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Robert Bosch GmbH
Established in 1886, Robert Bosch GmbH is presently headquartered in Stuttgart, Germany. Robert Bosch GmbH offers innovative solutions for smart homes, smart cities, connected mobility, electric vehicle charging, and connected manufacturing. The company uses its expertise in sensor technology, software and servicing, and its own loT cloud, to offer its customers connected solutions from a single source. The company has 460 subsidiaries and regional companies in over 60 countries and regions globally. In 2018, the company spent US$ 8.66 billion on research & development.
Global Automotive Holographic AR Display Market Dynamics
Rising trend of comfortable and safer vehicles drives demand for automotive holographic AR display
Presently, surge in modernization in the automotive industry has fueled the demand safer and more comfortable vehicle features. Recent development of innovation display solutions, such as automotive holographic AR display, which is far more superior, increases the vertical and horizontal field of view, and offers higher working precision vis-à-vis to currently available display system. The automotive holographic AR display makes the automated driving easier and offers varied information such as navigation direction thereby offering shortest distance, night vision assistance, parking spot, obstacle detection, and other related applications by displaying key information on the vehicle’s windshield or display screen. Moreover, ease of operation coupled with decreasing cost of mechatronics components is likely to boost the demand for the automotive holographic AR display in near future.
Rising adoption of ADAS in automotive
Incorporation of ADAS (Advance Driver Assistance System) in automotive is increasing as it reduces the complication of the vehicle driving by assisting the driver of the vehicle during the vehicle drive. The automotive holographic AR display is a key part of the ADAS and automated driving, as it improves visibility in any driving situation such as adverse weather condition, during night, traffic assistance, and poor vision circumstance during foggy climate. This is anticipated to fuel the automotive holographic AR display market in the near future.
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Global Automotive Holographic AR Display Market - Segmentation
Based on application, the global automotive holographic AR display market can be split into
- ADAS & Safety
In terms of vehicle type, the global automotive holographic AR display market can be divided into
- Passenger Vehicle
- Commercial Vehicle
Based on display type, the global automotive holographic AR display market can be bifurcated into
- Combiner HUD
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
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