According to a new market report by Lucintel, the future of the automotive augmented reality market looks promising with opportunities in the passenger vehicle, light commercial vehicle, and electric vehicle markets. The automotive augmented reality market is expected to grow with a CAGR of 18% from 2019 to 2024. The major drivers for this market are increasing demand for connected vehicles, growing awareness of road safety, and rising investments in the augmented reality market.
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Within the automotive augmented reality market, radar, lidar, image sensor and sensor fusion are the major technologies used to gather the data on a single platform. Sensor fusion is the largest technology segment for automotive augmented reality market.
Augmented reality head up display navigation, adaptive cruise control, lane departure warning, and advanced augmented reality head up display are the major function type segments of the automotive augmented reality market.
Asia Pacific will remain the largest region over the forecast period due to increased awareness of safety, growing urbanization, and increasing aftermarket industry.
Robert Bosch, Denso Corporation, Continental, Panasonic Corporation, Pioneer Corporation Harman International, Garmin, Texas Instruments and Visteon Corporation are among the major players in the automotive augmented reality market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive augmented reality market by function, sensor technology, display technology, level of autonomous driving, vehicle type, and region. Lucintel has prepared a comprehensive research report titled "Automotive Augmented Reality Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the automotive augmented reality market by function, sensor technology, display technology, level of autonomous driving, end use, and region as follows:
By Function [$M shipment analysis for 2013 – 2024]
AR HUD based Navigation
AR HUD based Adaptive Cruise Control (ACC)
AR HUD based Standard Functions
AR HUD based Lane Departure Warning (LDW)
Advanced AR HUD
By Sensor Technology [$M shipment analysis for 2013 – 2024]
Radar
LiDar
CCD/CMOS image sensor
Sensor fusion
By Display Technology [$M shipment analysis for 2013 – 2024]
TFT-LCD
Other advanced technologies
By Level of Autonomous Driving [$M shipment analysis for 2013 – 2024]
Conventional
Semi-autonomous
By End Use [$M shipment analysis for 2013 – 2024]
Passenger Car
Small cars
Compact cars
Mid-Sized cars
Luxury cars
SUVs & Crossovers
Light Commercial Vehicles
By Region [$M shipment analysis for 2013 – 2024]
North America
Europe
Germany
Russia
France
United Kingdom
Italy
Asia Pacific
China
Japan
India
South Korea
Indonesia
The Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-augmented-reality-market.aspx or helpdesk@lucintel.com.
About Lucintel
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