The Latin America, Middle East and Africa Head-up Display Market would witness market growth of 23.5% CAGR during the forecast period (2021-2027).
Head-up displays are available in a variety of shapes and sizes and multiple price ranges. Manufacturers offer either independent gadgets that are permanently attached to the dashboards or various mobile phone add-ons. Head-up displays are also available as a software function, such as in Sygic's navigation software. In contrast to their hardware counterparts, these are the more cost-effective option, and they frequently have a broader set of features.
The integration of advanced safety features in vehicles that employ head-up displays for detection and navigation while driving is increasing as demand for connected vehicles grows. The development of brighter displays with more colors is likely to be aided by the advent of new projection technologies, such as micro mirror-based devices that rely on electromechanical systems. These factors are expected to drive the growth of vehicle head-up displays and the overall head-up display market.
According to the data shared by the International Trade Administration, the regional automotive sector is one of the largest automotive markets. Vehicle and automotive parts manufacturing activities accounted for 18.7% of the domestic manufacturing output, establishing the industry and its wider value chain as a major sector in South Africa's industrialization landscape.
On the back of rising foreign direct investment and trade, the South African automotive industry's growth strategies have been centered on becoming deeply incorporated into the worldwide automotive environment. The goal of the South African Automotive Masterplan (SAAM) 2021-2035 is for South Africa to produce 1% of worldwide vehicle production, or 1,4 million automobiles per year, by 2035, significantly improving the country's standing and global vehicle production ranking. As a result, the automotive industry is playing an increasingly essential strategic and catalytic role in the entire South African economy, affecting many important economic policy goals directly, including GDP contribution, employment, economic linkages, skills development, technology, and innovation.
The Brazil market dominated the LAMEA Head-up Display Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $118.8 million by 2027. The Argentina market is estimated to witness a CAGR of 24.2% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 23.2% during (2021 - 2027).
Based on Application, the market is segmented into Automotive (Passenger Cars and Commercial Vehicles) and Aviation (Civil and Military). Based on Type, the market is segmented into Conventional and Augmented Reality (AR)-based. Based on Type, the market is segmented into Projectors/Projection Units, Display Units, Software, Video Generators and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Head-up Display Market is Predict to reach $5.9 Billion by 2027, at a CAGR of 19.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Visteon Corporation, Nippon Seiki Co., Ltd., Robert Bosch GmbH, Continental AG, Denso Corporation, Pioneer Corporation, BAE Systems PLC, Panasonic Corporation, Thales Group S.A., and Yazaki Corporation.
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