Global Automotive HUDs market will reach 2460.88 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/7/31

The global market for automotive head-up display (HUDs) will be gaining substantial growth with the increasing automotive industry. The growing adoption of advanced driver assistance system (ADAS) to develop enhanced vehicle systems for better driving and safety is expected to play an important role in shaping the market’s future. Development of numerous modern vehicles equipped with ADAS such as anti-lock breakers, electronic stability control, and HUDs gives a new experience to the passengers and drivers. The automated system provided by the advanced driver assistance system to the vehicle is proven to reduce road accidents, thus, uptake of ADAS is booming the demand for automotive HUDs market in the coming years.

In addition, there is a growing demand for the luxury cars due to increasing per capita income in developing and developed nations. The rising adoption of innovative technologies such as automotive HUDs to provide higher safety standard and convenience to drivers is expected to bode well for the market. Extensive use of this technology will accelerate the growth of the global automotive HUDs market throughout the forecast period.

According to the report, the global automotive HUDs market is expected to reach US$2460.88 mn in revenues by 2025 from US$796.22 mn in 2018. The market will register at a CAGR of 17.88% over the forecast period.

Click to view the full report:  https://www.qyresearch.com/index/detail/1214029/global-automotive-huds-sales-market
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