Automotive Windshield Market Competitive Analysis with Growth Forecast Till 2025

The automotive industry, one of the key contributors to the overall GDP of the world, is growing significantly over the years. As the demand for vehicles is growing, the demand for automotive components is also increasing significantly. Also, new vehicle model launches and increasing demand for premium and luxury segment cars have increased the demand for exterior components such as a windshield. The automotive windshield provides an efficient aerodynamic design, clear visibility, and protection from debris, unwanted particles, ultraviolet (UV) rays, and harmful radiation. A key innovation in the field of the automotive windshield is the smart windshield. Ongoing R&D in the field of smart windshield technology has prompted investments by private players as well as various governments. Due to their advantages, smart windshield technologies such as Head-Up Displays (HUDs) and augmented reality are now used in diverse applications. The market for the smart windshield is therefore expected to witness growth.

The global Automotive Windshield Market is projected to grow at a CAGR of 6.28% from 2017 to 2025, to reach USD 23.24 billion by 2025.

View Detail TOC @ https://www.marketsandmarkets.com/Market-Reports/automotive-windshield-market-114423597.html

Consumers nowadays are more aware of the safety and comfort features that enhance the driving and the overall journey experience. Technologies, such as smart displays and driver assistance functions, are now getting incorporated in the mid-segment and economy vehicles. Growing demand and increasing competition among OEMs have resulted in the reduced prices of basic display panels such as LCD and TFT-LCD display panels, HUDs, and smaller displays. The market for these latest display technologies on the windshield is driven by increased awareness of road and vehicle safety. Corning Incorporated (US) has already started selling iPhone’s glass for windshields and in-car entertainment systems. Whereas automotive makers such as BMW AG (Germany), Hyundai Motor Co. (South Korea), and Toyota Motor Corp (Japan) offer basic HUDs near windshields in their models. It shows information such as vehicle’s speed and location of vehicles in a car’s blind spot. Suppliers of HUDs are promoting it as a safety tool.

The global automotive windshield market by glass type is segmented into two categories, namely, laminated glass and tempered glass. The laminated glass segment is estimated to grow at the highest CAGR during the forecast period. The growth of the laminated glass segment is expected to be driven by increasing vehicles production, concerns of vehicle safety security, and increasing use of solar reflective windshields and glazing on the windshield.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=114423597

The automotive windshield market for automotive, by vehicle type, is segmented into Passenger Car (PC), Light Commercial Vehicles (LCVs) and Heavy Commercial Vehicles (HCVs). The passenger car segment is estimated to account for the largest share of the automotive windshield market and is anticipated to remain the largest market during the forecast period. In terms of growth, the passenger car segment is estimated to be the fastest growing market for automotive windshields followed by LCVs and HCVs. Increasing application of smart windshield and increase in vehicle production are likely to drive the passenger car segment.

Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=114423597

Some of the major players in the global automotive windshield market are Asahi Glass (Japan), Saint-Gobain (France), Nippon Sheet Glass (Japan), Sisecam Group (Turkey), and Central Glass (Japan). The last chapter of this report covers a comprehensive study of the key vendors operating in the automotive windshield market. The evaluation of market players is done by taking various factors into account, such as new product development, R&D expenditure, business strategies, product revenue, and organic and inorganic growth.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Comments

Post a Comment

Popular posts from this blog

Automotive Camera Market by Application, View Type, Technology and Region – Global Forecast to 2025

The Automotive Camera Market is projected to grow at a CAGR of 10.62% during the forecast period. It is estimated to be USD 7.5 billion in 2018 and is projected to reach USD 15.1 billion by 2025. The market growth is primarily driven by factors such as regulatory changes and increasing demand for the active safety system. The emergence of newer safety technologies in the automotive industry and the growing demand for electric cars have driven the automotive camera market. Added safety and convenience for the driver has been a major objective of developing camera systems. Moreover, the increasing government mandates related to active safety system are driving the automotive camera market. For instance, in May 2018, the government of Canada and the US mandated that all vehicles under 10,000 pounds must be equipped with a backup camera. Also, the US government has a voluntary agreement with many manufacturers to fit autonomous emergency braking (AEB) by 2022. European governments...
Read more

Occupant Classification System Market Latest Trends and Forecast Growth Report to 2025

The global Occupant Classification System Market is projected to grow at a CAGR of 6.80% from 2018 to 2025, to reach USD 3.17 billion by 2025. The increasing awareness about safety in a vehicle has increased the demand for active and passive safety systems. As a result, the automotive industry has witnessed the increasing adoption of active and passive safety systems in a vehicle.  Passive safety systems inside the vehicle include airbags, seatbelts, whiplash protection system, and occupant classification system. Occupant protection system features such as airbags and seatbelts reduce the probability of death or severe injuries in a traffic mishap. Airbags in a vehicle have significantly improved the safety of occupants. Occupant classification system manufacturers utilize a good portion of their engineering resources to develop new products or improve existing passive safety systems for the automobile. All these developments are primarily focused on improving the overall sa...
Read more

Automotive Actuators Market to Surpass $29.3 Billion by 2030

The Automotive Actuators Market is projected to grow from an estimated USD 20.9 billion in 2023 to reach USD 29.3 billion by 2030 at a CAGR of 4.9% during the forecast period. Automakers are highly focused on developing new and improved components to increase the fuel efficiency of vehicles owing to growing concerns over environmental changes. Automotive actuators play a significant role in reducing emissions and enhancing vehicle efficiency. Electric actuators, also known as smart actuators, replace hydraulic and pneumatic actuators due to their several benefits, like compact and lightweight design, more energy efficient, and less expensive, making it ideal for various applications. Smart actuators can perform diagnostics and include learning capabilities and memory functions. Electric actuators are typically installed in engines that open and close different valves, which is also anticipated to fuel the overall market growth. “Electric Actuators will be the dominating actuation...
Read more