Published: June 18, 2016 | Dublin, US
According to the latest report published by Research and Markets, titled Asia Pacific Automotive Head-Up Display Market (2016-2022), China has expanded significantly in mobile connection technology, keeping customer benefits as a priority and accordingly launching advanced technologically equipped vehicles. The car manufacturers provide a number of embedded applications into a car, which ensures comfort and safety.
Increased disposable income has enabled consumers to purchase luxury goods including luxury and premium vehicles, which would contribute to an increase in the demand for vehicles equipped with advanced display system. Further, increasing vehicle ownership would offer wide growth opportunity for the industry. In 2013, vehicle ownership in Japan stood at 600 vehicles per 1,000 people, compared to 80 cars per 1,000 people in China, and 25 vehicles per 1,000 people in India. According to the Chinese government, in 2013, vehicle sales in China were 21.9 million units, an increase of 13.9% compared to 19.3 million units in 2012.
The Asia-Pacific Automotive Head-Up Display market is segmented based on technology and vehicle type. Adoption of this technology in the luxury car dominated the market with a maximum share in terms of revenue. SUV on the other hand is expected to register fastest growth during the forecast period.
Key companies profiled in the report include Telefonica, S.A., Harman International Industries, Incorporated, TomTom NV, MicroVision, Inc., AUDI AG, Daimler AG, Robert Bosch GmbH, Denso Corporation, Delphi Automotive Plc and Yazaki Corporation.
Source: Research & Markets