Technavio Expects Strong Growth in the Automotive Heads-Up Display Market in the APAC Region Through 2019
By Business Wire News
By Business Wire News
Technavio has published a new report on the automotive heads-up display (HUD) market in the APAC region, which is expected to grow at a CAGR of 48% from 2015-2019.
The new market research report by Technavio draws attention towards the growing awareness surrounding the potential benefits of HUDs. An increase in car accidents, primarily triggered by the rise in the number of vehicles on the road, has led to strict vehicle-safety regulations in the APAC region. This has raised awareness about safety features, including HUDs, in cars.
“Initiatives from various automotive OEMs and suppliers will further increase awareness of heads-up displays among consumers, and will ultimately result in higher adoption,” says Faisal Ghaus, Vice President of Technavio.
The Technavio report also emphasizes strategic collaboration among OEMs as a key market growth driver. Since foreign car manufacturers do not have 100% foreign direct investment in the automotive sector in the APAC region, they are entering into joint ventures with domestic car manufacturers to gain a competitive edge in the market.
“Mergers and acquisitions between automotive suppliers will accelerate R&D investments, strengthen long-term relationships and encourage the introduction of disruptive technologies in the automotive industry,” says Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Automotive Heads-up Display Market 2015-2019
- Automotive Heads-up Display Market in Germany 2015-2019
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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