Saudi Arabia Automotive Head-Up Display Market By Vehicle Type, By Technology and Forecast 2027
Navi Mumbai, (Newsbox) 26-Sep-2022
Saudi Arabia Automotive Head-Up Display (HUD) Market is anticipated to grow at a robust CAGR during the forecast period, 2023-2027.
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Automotive Head-Up Display (HUD) Market By Type (Windshield HUD, Combiner HUD), By Technology (Augmented Reality, Conventional), By Vehicle Type (Passenger Car, Commercial Vehicle), By Demand Category (OEM, Aftermarket), By Region, By Competition, Forecast & Opportunities, 2027” under Automotive Market Research Reports category. The Automotive Head-Up Display Market Database in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia Automotive Head-Up Display (HUD) Market is anticipated to grow at a robust CAGR during the forecast period, 2023-2027. The market growth can be attributed to the rise in production and sales of automobiles and increased customer awareness about road, vehicle, and passenger safety. Besides, advances in technology to improve customer experiences and the advent of connected cars are propelling the growth of the Saudi Arabia automotive head-up display (HUD) market. Due to rising road accidents, leading authorities are making strict traffic regulations to ensure vehicle and passenger safety by incorporating head-up display, which provides critical information to drivers about navigation, speed, and other data related to driving assistance.
Rapid urbanization, improving living standards, and a rising personal disposable income allow people to acquire private vehicles for daily commute. The National Industrial Development Center (NIDC) aspires to recruit 3-4 original equipment manufacturers across the electric vehicle and internal combustion supply chain to conform with the objective and goal outlined by key authorities in Saudi Vision 2030. It plans to build 300,000 automobiles per year by 2030, with domestic production accounting for 40% of the total market share. The increase in automobile sales and manufacturing is likely to directly impact the demand for automotive head-up displays (HUD) as people purchase more vehicles.
Market participants are pouring money into research and development to increase the performance and visibility of vehicle head-up displays. With the introduction of automotive head-up displays that can be fitted into motorcycle helmets, riders can now view navigation maps, messages, and phone notifications while driving. The integration of augmented reality technology in head-up displays provides a 3D map analysis of the way, keeping the driver interested and active while guaranteeing that the driver's eyes never leave the road. Furthermore, the emergence of the aftermarket, which may provide services and automobile parts based on client wants, is predicted to fuel the growth of the Saudi Arabia automotive head-up display (HUD) market during the next five years.
The Saudi Arabia automotive head-up display (HUD) market segmentation is based on the type, technology, vehicle type, demand category, regional distribution, and competitive landscape. Based on type, the market is divided into windshield HUD and combiner HUD. The windshield HUD segment is anticipated to dominate the Saudi Arabia head-up display market as they are increasingly being used in passenger cars as a standard luxury car variant and optional feature in mid-segment vehicle variants.
Major players operating in the Saudi Arabia head-up display market are Continental AG, Visteon Corporation, Harman International Industries, Inc., TomTom NV, Robert Bosch GmbH, Denso Corporation, Yazaki Corporation, Aptiv Plc, Panasonic Corporation, BAE Systems plc, among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
•To analyze the historical growth in the market size of the Saudi Arabia automotive head-up display (HUD) market from 2017 to 2021.
•To estimate and forecast the market size of Saudi Arabia automotive head-up display (HUD) market from 2022 to 2027 and growth rate until 2027.
•To classify and forecast the Saudi Arabia automotive head-up display (HUD) market based on type, technology, vehicle type, demand catgory, region, and company.
•To identify the dominant region or segment in the Saudi Arabia automotive head-up display (HUD) market.
•To identify drivers and challenges for the Saudi Arabia automotive head-up display (HUD) market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabia automotive head-up display (HUD) market.
•To identify and analyze the profiles of leading players operating in the Saudi Arabia automotive head-up display (HUD) market.
•To identify key sustainable strategies adopted by market players in Saudi Arabia automotive head-up display (HUD) market.
Key Target Audience:
•Market research and consulting firms
•Government bodies such as regulating authorities and policy makers
•Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Saudi Arabia automotive head-up display (HUD) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Saudi Arabia Automotive Head-Up Display (HUD) Market, By Type:
•Saudi Arabia Automotive Head-Up Display (HUD) Market, By Technology:
•Saudi Arabia Automotive Head-Up Display (HUD) Market, By Vehicle Type:
•Saudi Arabia Automotive Head-Up Display (HUD) Market, By Demand Category:
•Saudi Arabia Automotive Head-Up Display (HUD) Market, By Region:
Northern & Central
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