AR HUD Market
AR HUD Market Global Industry Assessment & Forecast
#
Pages:
180
2021
Nov - 2021
VMR-2021-0737
Segments Covered
By
Application Passenger car, Commercial vehicle
-
By
Sales Channel OEM, Aftermarket
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
2.14 Billion |
 Revenue 2028:
|
13.97 Billion |
 Revenue CAGR
(2021 - 2028): |
26.43% |
Fastest Growing Region (2022 -
2028)
|
North America |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Research Methodology: AR HUD Market - Global Market Assessment, 2021 - 2028
The global AR HUDmarket research study is based on a comprehensive research methodology that is used to arrive at the market estimations and forecasts. This methodology aid analysts and to learn and understanding market facts and insights from the innermost levels of the market. The whole research process involves 3 major activities: Secondary Research, Primary Research, and Data Triangulation. Secondary resources are utilized to gain insights on the market and later primary research is conducted to revalidate the information and conclusion derived from the secondary research. Out of the total primary respondents, 24% were from North America, 29% were from Europe, 31% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA.
Secondary Research
Primary Research:
The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the AR HUD supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- AR HUD market size at regional and country level
- Understanding market developments, future growth prospects, and upcoming challenges
- Overview of the AR HUD supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
The information procured from the secondary and primary resources is undergone through data triangulation methods to attain more accurate results on quantitative and qualitative analysis for specific market research studies. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end-use industry, and estimate future trends within the market. After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the AR HUD market.
FAQ
Frequently Asked Question
What is the global demand for AR HUD in terms of revenue?
-
The global AR HUD valued at 2.14 Billion in 2020 and is expected to reach 13.97 Billion in 2028 growing at a CAGR of 26.43%%.
Which are the prominent players in the market?
-
The prominent players in the market are Jaguar, Bosch, HARMAN International, DENSO, HTC, Panasonic, Visteon, Garmin, Microsoft, Delphi Automotive, Nippon Seiki, AutoVRse, Mercedes-Benz, Hyundai Motor Company, NVIDIA, General Motors (GM), Volkswagen, Unity, Continental..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 26.43%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the AR HUD include
- The increasing safety concern from consumers is anticipated to augment the AR HUD market growth during the forecast period. AR graphics are overlaid onto real world objects in such a way that the driver can immediately recognize the threat and quickly take appropriate action, such as braking for a road obstacle. Presenting ADAS alerts in this manner could significantly increase driver situational awareness, especially when driving at night or in low visibility conditions are factors driving the market.
- The increase need for connected vehicles is expected to support the growth of the AR HUD market in the years to come. The connected vehicle comes with safety features that offer superior convenience, comfort, and entertainment available in passenger cars. The traffic congestions have resulted in increase in the time spent inside a car and has increased the demand for in-car infotainment and connected features. The augmented reality HUDs are an essential part of connected vehicles. The connected car include infotainment units that offer audio and visual entertainment to the consumers and also enhances the driving experience by offering convenience and safety features.
Which region accounted for the largest share in the market?
-
North America was the leading regional segment of the AR HUD in 2020.
