Top Trends in Augmented Reality Automotive Market : Growing at 30.31% CAGR and Expected to Touch US$ 7.98 Billion by 2025
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
Pune, India – October 9, 2017 /MarketersMedia/ —
Augmented Reality Automotive Market report represents the revenue opportunities in the market through to 2025, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.
The augmented reality automotive market is projected to grow at a CAGR of 30.31% during the forecast period, to reach a market size of USD 7.98 billion by 2025.
Augmented Reality Automotive Market highlights key players such as Continental AG, Denso Corporation, Digi Lens Inc., Garmin Limited, General Motors, Harman International Industries Inc, Hyundai Motor Company, LG Business Solutions, Micro Vision, Inc, Nippon Seiki Co, Ltd, Panasonic Corporation, Pioneer Corporation, Robert Bosch GmbH, Texas Instruments Inc, Visteon Corporation, Volkswagen AG, WayRay SA, Yazaki Corporation.
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The augmented reality automotive market is projected to grow at a CAGR of 30.31% during the forecast period, to reach a market size of USD 7.98 billion by 2025. This highly advanced technology is expected to be launched in luxury and premium range of vehicles once it becomes commercially available in 2018–2019. The luxury car segment is one of the larger contributors to the global luxury goods market. This car segment is primarily led by the demand for technologically advanced cars in developed countries such as U.S., Germany, U.K. and emerging markets such as China and Brazil that have an increasing number of affluent buyers. With growing demand for in-vehicle safety functions and advanced technology, OEMs are increasingly combining connectivity and safety functions to maintain brand differentiation and attract consumers. The growth of such combinations could escalate the role for augmented reality head-up displays (AR HUD), which would integrate real-time advanced driver assistance systems with the safety functions of AR HUD.
Passenger cars are estimated to account for the largest share of the augmented reality automotive market. The market growth in the segment can be attributed to the growing demand for advanced technology in passenger cars. The need to monitor multiple in-vehicle displays can be a cause of distraction for the driver, triggering potential dangerous situations on the road. The AR HUD will enhance safety by displaying all the information required by the driver on the windshield of a vehicle in the driver’s line of sight. The AR HUD, when integrated with active and passive systems, will assist a driver in avoiding crashes. The demand for such advanced technology is expected to increase in developing and developed countries such as the U.S., Germany, U.K., China, and Japan, where there is high adoption of advanced in-vehicle safety technologies.
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Key points from table of content:
6 Technological Overview
6.1 Introduction
6.2 Head-Up Display Evolution – Field of View
6.3 Current Functions of Augmented Reality Head-Up Display
6.3.1 Instrument Cluster Function
6.3.2 Navigation Function
6.3.3 Adaptive Cruise Control Function
6.3.4 Lane Departure Warning
6.4 Technological Advancement in the Future
7 Augmented Reality Automotive Market, By Function
7.1 Introduction
7.2 AR HUD With Navigation
7.3 AR HUD With Adaptive Cruise Control (ACC)
7.4 AR HUD With Standard Functions
7.5 AR HUD With Lane Departure Warning (LDW)
7.6 Advanced AR HUD
8 Augmented Reality Automotive Market, By Sensor Technology
8.1 Introduction
8.2 Lidar
8.3 Radar
8.4 Sensor Fusion
8.5 CCD/VMOS Image Sensors
9 Augmented Reality Automotive Market, By Display Technology
9.1 Introduction
9.2 TFT-LCD
9.3 Other Advanced Technologies
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Research Coverage:
The augmented reality automotive market has been segmented by function (standard augmented reality head-up display (AR HUD), AR HUD navigation, AR HUD adaptive cruise control, and AR HUD lane departure warning), sensor technology (radar, Lidar, image, and sensor fusion), display technology (TFT-LCD and other advanced technologies), electric vehicle (battery electric vehicle and other (hybrid electric vehicles)), level of autonomous driving (conventional and semi-autonomous), vehicle type (passenger cars and commercial vehicles) and region (Asia-Oceania, Europe, North America, and Rest of the World).The market has been projected in terms of volume (‘000 units) and value (USD million/billion).
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