Augmented Reality Automotive Market worth 6.79 Billion USD by 2025
Added: (Mon Jan 07 2019)
Pressbox (Press Release) -
Augmented Reality Automotive Market worth 6.79 Billion USD by 2025
The report "Augmented Reality Automotive Market by Function (AR HUD Navigation, AR HUD ACC, AR HUD LDW & Advanced AR HUD), Sensor Technology, Display Technology, Level of Autonomous Driving, Electric Vehicle, Vehicle Type, and Region - Global Forecast to 2025", The augmented reality automotive market is projected to grow at a CAGR of 17.60% during the forecast period, to reach a market size of USD 6.79 Billion by 2025. The market is driven by factors such as increasing demand for in-vehicle safety features, adoption of advanced driver assistance systems by OEMs, and the progress toward developing semi-autonomous and autonomous vehicles.
Browse 95 Market Data Tables and 62 Figures spread through 184 Pages and in-depth TOC on "Augmented Reality Automotive Market
Early buyers will receive 10% customization on reports.
“Advanced augmented reality head-up display to be the largest segment of the augmented reality automotive market, by function”
With advanced driver assistance systems (ADAS) becoming a standard in high-end cars, OEMs are focusing on developing low-cost systems for mid-sized and economical cars. Premium vehicles with ADAS features use advanced sensing technology. The advanced AR HUD integrates multiple ADAS functions to provide information in the driver’s line of sight. The anticipated market for autonomous vehicles is projected to drive the demand for advanced AR HUD. A passenger inside an autonomous vehicle can monitor various functions and the vehicle’s external environment on the AR HUD. The AR HUD thus ensures a safer and more comfortable driving experience.
Objectives of the Report
• To define, describe, and project the augmented reality automotive market (2018–2025), in terms of volume (‘000 units) and value (USD million/billion)
• To provide detailed information regarding the major factors such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the augmented reality automotive market
• To analyze and forecast the augmented reality automotive market and forecast the market size, by volume and value, based on function, sensor technology, display technology, electric vehicle, level of autonomous driving, vehicle type, and region
• To forecast the market size, by volume and value, of the augmented reality automotive market for four regions, namely, North America, Europe, Asia-Oceania, and the Rest of the World (RoW)
• To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product development, and expansions in the augmented reality automotive market
“Sensor fusion to be the largest segment of the augmented reality automotive market, by sensor technology”
The sensor fusion technology is a key enabler to the optimum functioning of the AR HUD. In the near future, a connected vehicle will assist the driver with more real-time functions. Real-time functions will require high accuracy and precision to assist a driver in making informed decisions about the dynamic external environment of the car. Government legislation will also act as a catalyst and drive the market for sensor fusion technology in commercial vehicle AR HUD.
“North America to be the largest regional market for augmented reality automotive market”
North America comprises Canada, Mexico, and the U.S. The U.S. is a hub for vehicle production and sales. The demand for advanced automotive technology such as AR HUD is directly linked to the demand and production of luxury and premium vehicles in this region. Canada is also witnessing a growing consumer demand for advanced automotive electronics in the cockpit.
The augmented reality automotive market is dominated by a few global AR HUD system suppliers and comprises several regional players. Some of the key AR HUD suppliers operating in the market are Continental AG (Germany), Visteon Corporation (U.S.), Panasonic Corporation (Japan), and Harman International Industries Inc. (U.S.).
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
About MarketsandMarkets:
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
sales@marketsandmarkets.com