Augmented Reality Automotive Market – Latest Trends and Forecast Analysis up to 2017 – 2025

Global Augmented Reality Automotive Market: Snapshot

In recent years, relentless research and constant development activities in autonomous vehicle systems have spurred the demand for augmented reality (AR) technologies world over. The vastly rising demand for AR technologies in the automotive sector rides on the back of the evolution of augmented-reality head-mounted displays. These automotive head-up display (HUDs) are considered to take AR technology to the next levels, with a growing number of vehicles installing them to boost drivers’ safety. HUDs are equipped with transparent display screens and notably offer drivers guidance on the path and directions without needing them to alter their line of sight, thereby bolstering the comfort and safety of drivers. In recent years, HUDs as next-generation automotive AR technologies have gained traction in high-premium cars and provide information on varied aspects of the vehicles, such as the speed of the vehicle, fuel status, driving direction, improving the visibility in inclement weather. In the coming years the AR technologies used in vehicles to up the comfort factor of passengers will witness marked advances. For instance, HUDs will be replaced by augmented reality displays at windows, which notable will provide them with more intuitive and immersive experience, such as in entertainment.  

Recent advances into display glass technology has increasingly benefitted the augmented reality automotive market. The rising demand for advanced driving assistance systems among consumers in developed and developing regions, combined with their increasing integration into the modern vehicles by OEMs, is significantly boosting the market. In addition, the adoption of in-vehicle safety features and anti-collision technologies is a notable factor catalyzing the growth of the market. Furthermore, the recent advancements in various sensor technologies is boosting the market. The increasing focus of prominent car makers to include fully autonomous vehicle technologies in cost-effective manner is expected to bolster the demand for augmented reality in the automotive sector. 

Augmented reality (AR) is a technology that provides a real-time view of the physical world where elements are augmented by computer-generated input like sound, video, or graphics. In the automobile sector, the AR system is the next level of evolution of automotive heads-up display (HUD) and other guidance on the path to developing fully autonomous vehicle technology. The automobile market is developing and manufacturing new and advanced equipment like augmented reality dashboards, windscreens, and bonnets to influence the market and follow the new trend. As the automobile industry is taking the step toward the revolution and opting augmented reality, the modern vehicles have heads-up display (HUD), which has an advanced version as AR system, which prevents drivers from looking away from the road.

Browse more detail information about this report visit at at https://www.transparencymarketresearch.com/augmented-reality-automotive-market.html

Augmented reality (AR) is a most valuable technology and secure solutions for customers across the globe. Heads-up displays are transparent display screens presenting data without requiring driver to look away from the view point. Heads-up displays (HUDs) were originally developed by the military for information of driving directions through unknown paths Currently, HUDs are used in luxury cars and can provide information about the speed of the vehicle, driving direction, remaining fuel, low visibility weather, and can be connected to smartphones. Advanced HUD systems can provide turn-by-turn navigation via satellite and can improve the road view display in low light conditions by using infrared or low-light cameras. Companies are looking to replace these HUDs with active windows displays/augmented reality displays that project vibrant images, navigation, and all the other information on the windshield of the car. These displays are a more intuitive and safer way to use navigation, access information, make calls, and listen to music without moving the eyes away from the road.

 Augmented reality is expected to achieve customer acceptability since there is no need for the driver to look at the GPS box or dashboard as the GPS navigation system is displayed right on the windshield and helps the driver to interact with the app hands-free. One potential advantage is that since the device is based on active glass display technology, it can be easily fixed on the dashboard of any car.

The Augmented reality automotive market has been segmented by function, sensor technology, display technology, electric vehicle, level of autonomous driving, vehicle type, and region. Based on function, the market is classified into standard augmented reality heads-up displays, augmented reality heads-up displays based navigation, AR HUD based adaptive cruise control, and augmented reality heads-up displays based lane departure warning. In the case of sensor technology, there are sensors used as radar, liDar, CCD/CMOS image sensor, and sensor fusion. Segmentation on the basis of display technology includes TFT-LCD, and other advanced technologies. Segmentation based on electric vehicle includes battery electric vehicle, and others (Hybrid). In terms of level of autonomous driving, it is divided into conventional and semi-autonomous. Vehicle type includes passenger cars and commercial vehicles. The global augmented reality automotive market has been studied for five geographic regions, namely Asia Pacific (China, Japan, India, and South Korea), Europe (Germany, France, Italy, and the U.K.),North America (Canada, Mexico, and the U.S.),South America (Brazil and Argentina), and Middle East & Africa (MEA).

The augmented reality automotive market is estimated to grow during the forecast period. The market for augmented reality automotive applications is primarily driven by the increase in adoption of advanced driving assistance systems by OEMs across different vehicle types, and consumer demand for in-vehicle safety features that potentially reduce collisions and injuries caused by human-driver errors. Additionally, the augmented reality automotive market is also influenced by the increasing level of driving automation and progress toward fully autonomous vehicles.

The major players of the augmented reality automotive market includes Hyundai Motor, BMW AG, Continental AG, Garmin, Pioneer Electronics, Audi, Jaguar, Volvo, Mercedes Benz, and Volkswagen Group.

Request For Custom Research At https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=34622&source=atm

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis

The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market       

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Request for TOC of This Report visit at https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=34622&source=atm