Leading Companies in Automotive HUD Industry - Continental AG (Germany), DENSO Corporation (Japan), Panasonic Holdings Corporation (Japan), and Foryou Corporation (China)
The global automotive HUD market size is projected to grow from USD 1.2 Billion in 2024 to USD 2.4 Billion by 2030, at a CAGR of 12.3%. The need for automotive HUD solutions to improve the driving experience will rise due to factors like the increasing popularity of ADAS-equipped cars, the rising demand for linked cars, and the growing emphasis on vehicle safety. Furthermore, during the forecast period, growing adoption of electric vehicles and rising demand for semi-autonomous vehicles are expected to boost the revenue growth of the automotive HUD market.
The automotive HUD market is dominated by global players such as Continental AG (Germany), DENSO Corporation (Japan), Nippon Seiki Co. Ltd. (Japan), Panasonic Holdings Corporation (Japan), and Foryou Corporation (China), among others. These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.
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Nippon Seiki Co., Ltd. is a top provider of automotive solutions, offering a variety of driver information system-related products. Among other things, the company specializes in instrument clusters, sensor devices, passive liquid-crystal displays, head-up displays (HUDs), and consumer goods. The company functions via various segments, including automotive component business, consumer component business, display business, resin-compound business, and automobile sales. The company sells HUDs, primarily AR and windshield 2D HUDs, through its automobile parts business segment. It has multiple production facilities worldwide in addition to its R&D facility in Japan. It has subsidiaries in China, Japan, the US, and Brazil, with an vast customer base, including global OEMs such as Honda Motor Co., Ltd. (Japan), General Motors (US), BMW (Germany), and Mazda Motor Corporation (Japan).
Continental AG is a leading automotive component manufacturer. It operates through four main business segments: tires, automotive, Contitech, and contract manufacturing. The company offers HUDS as part of its automotive segment. The company offers a wide range of automotive solutions and products, including connectivity services, telematics, powertrain design, safety systems, and chassis. It is found in Africa, Australia, Asia, North America, South America, and Europe. As of January 2023, it had 199,038 employees at 519 locations across 57 countries.
DENSO Corporation is one of the leading suppliers of cutting-edge automotive technologies, products, and systems to major European automakers like BMW (Germany) and Volvo (Sweden), as well as automakers like Ford Motor (US), General Motors (US), and Fiat Chrysler (UK). Mobility, agriculture, industry, and home are its four main industry segments. The corporation operates in seven business sectors, including advanced devices, non-automotive industries, mobility electronics, electrification systems, thermal systems, and others. For automotive OEMs, the company provides HUDs under the Mobility Electronics sector. DENSO Corporation operates 190 consolidated subsidiaries in 35 countries, in addition to production, research, and sales offices around the world.
Panasonic Holdings Corporation is a company that develops, produces, and markets electrical goods. The segments that make up its operations are Lifestyle, Automotive, Connect, Industry, Energy, and Others. The company's areas of expertise include supply chain management (SCM), digital transformation, artificial intelligence, the Internet of Things, home appliances, automobiles, and virtual reality. The company's automotive division develops, produces, and markets advanced driver assistance systems (ADAS), automotive audio systems, automotive switches, head-up displays, infotainment systems for use in cars, electric vehicle devices and systems, automotive mirrors, and automotive batteries.
ForYou Corporation is a company that develops, produces, and markets electronic devices and parts. The following segments are how it functions: LED lighting, precise die casting, automotive electronics, and precision electronic components, among others.
Products like head-up displays, 360-degree surround view systems, automatic parking systems, blind spot monitoring, driver monitor systems, high-definition cameras, other driver assistance systems, and connected vehicle system services are all part of the Automotive Electronics segment. The company is one of the largest HUD providers for Chinese OEMs.
Related Reports:
Automotive HUD Market by Technology (2D HUD, AR HUD, 3D HUD), HUD Type (Combiner, Windshield), Offering (Hardware, Software), Vehicle Class, Level of Autonomy, Vehicle Type, Propulsion Type, EV Type and Region - Global Forecast to 2030
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