Global Automotive Augmented Reality Market is expected to witness significant growth during the forecast period
Market Research Future published a Half-Cooked Research Report Global Automotive Augmented Reality Market that contains the information from 2018 to 2023. The Global Automotive Augmented Reality market is expected to progress with a substantial CAGR from 2018 to 2023.
Taste the market data and market information presented through more than 100 market data tables and figures spread in 88 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Global Automotive Augmented Reality Market Information from 2018 to 2023"
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The prominent players in the global Automotive Augmented Reality Market includes Delphi Automotive (Dublin), Panasonic (Japan), Hyundai Motor (South Korea) BMW (Germany), Alphabet (US), Robert Bosch GmbH (Germany), Denso (US), Garmin International (US) & Continental AG (Germany).
Augmented reality (AR) provides a real time view of the physical world where the computer-generated inputs such as video, sound, graphics are used. In the automobile industry the AR evolution era uses heads up display (HUD) and other graphical tools. The automobile augmented reality sector is developing & witnessing new technological advancements giving rose to augmented reality wind screens, dashboards and other vital automotive parts. The global automobile industry is gradually shifting towards augmented reality & opting for the use of HUDs which utilizes an advanced version of the AR technology.\
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Automotive Augmented Reality Market Analysis
Augmented reality is considered to be one of the most valuable technologies in the automotive industry. The development of autonomous vehicles in the near future is expected to a major factor driving the global automotive augmented reality market. As of 2018, BMW, Volvo, Chevrolet, Mazda, Lexus, Jaguar, and Mercedes-Benz are some of the major automobile players already offering augmented reality features in some of their respective vehicle models.
The AR HUD were first used by in military cars which helped the drivers travel over an unknown path. Nowadays HUDs are being used in luxury cars as they provide information such as weather forecast, fuel status, speed of the vehicle, direction to be travelled and can be connected to smartphones. Advanced HUDs provide consumers with turn by turn navigation satellites & improves the road view display in low light conditions. However, several companies are undertaking intensive R&D to come up with active window displays instead of HUDs. Miniaturization of hardware is one of the common trends observed in today’s automobiles.
The global Automotive Augmented Reality Market is estimated to witness a substantial CAGR growth rate during the period from 2018 to 2023. Global Automotive Augmented Reality Market is segmented on the basis of sensor technology, Level of autonomous driving, By function, and region. On the basis of Sensor technology, the market has been segmented into Lidar, Sensor Fusion, VMOS image source & Radar. On the basis of Autonomous Driving, the market has been segmented into Conventional Driving & Semi- Autonomous Driving. On the basis of functions, the market has been segmented into AR HUD With Navigation, AR HUD With Standard Functions, AR HUD With Lane Departure Warning & Advanced AR HUD.
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the necessary assessment of the competitive scenarios and strategies in the global Automotive Augmented Reality market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis.