Latest News by Industry
DUBLIN--(BUSINESS WIRE)--Sep 15, 2022--
The "Saudi Arabia Automotive Head-Up Display Market By Type, By Technology, By Vehicle Type, By Demand Category, By Region, By Competition, Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
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.
Key Target Audience:
Report Scope:
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:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Saudi Arabia Automotive Head-Up Display (HUD) Market
5. Voice of Customer
6. Saudi Arabia Automotive Head-Up Display (HUD) Market Outlook
7. Saudi Arabia Passenger Car Head-Up Display (HUD) Market Outlook
8. Saudi Arabia Commercial Vehicle Head-Up Display (HUD) Market Outlook
9. Market Dynamics
10. Market Trends and Developments
11. Policy and Regulatory Landscape
12. Saudi Arabia Economic Profile
13. Competitive Landscape
14. Strategic Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/94oxm9
View source version on businesswire.com:https://www.businesswire.com/news/home/20220915005692/en/
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
KEYWORD:
INDUSTRY KEYWORD: VEHICLE TECHNOLOGY AUTOMOTIVE
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 09/15/2022 08:04 AM/DISC: 09/15/2022 08:04 AM
http://www.businesswire.com/news/home/20220915005692/en