United States Automotive Mirror Market was valued at USD 2.8 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030.
The US automotive mirror market plays a crucial role in the global automotive sector, ensuring safety, enhancing vehicle aesthetics, and providing driver comfort. The rising need for more advanced safety features and regulatory requirements have driven the demand for automotive mirrors, which are evolving alongside new technologies. The market is being propelled by the growing automotive industry, which prioritizes both functionality and design in automotive mirror systems.
In the US, various types of automotive mirrors are in high demand. These include rearview mirrors, side mirrors, and advanced exterior mirrors with features such as automatic dimming, cameras, sensors, and even heating functions. These types of mirrors are critical for both conventional and electric vehicles, as they directly contribute to the safety and efficiency of vehicles. Side mirrors and rearview mirrors are essential for providing drivers with a clear view of their surroundings, which is crucial for making informed decisions on the road. Moreover, camera-based systems are becoming increasingly popular as they provide enhanced visibility in blind spots and other hard-to-see areas.
The automotive mirror market is experiencing a shift with the growing popularity of electric and autonomous vehicles. These vehicles require more sophisticated mirror systems, such as cameras and digital displays that provide a more comprehensive view of the environment. As autonomous driving technology evolves, mirrors are expected to transition from traditional reflective surfaces to digital or camera-based systems that can relay real-time information to the driver or vehicle systems.
Industries driving demand for these advanced mirror systems include automotive OEMs (original equipment manufacturers), aftermarket parts suppliers, and technology companies integrating these systems into their vehicles. Automotive manufacturers require innovative solutions to meet safety regulations and improve the user experience, thus fueling the growth of the automotive mirror market. Furthermore, the increasing adoption of electric vehicles (EVs) and autonomous driving systems is expected to boost demand for high-tech, camera-based, and sensor-integrated mirrors.
Technological advancements have also made their mark, with smart mirrors and features like lane departure warning systems and adaptive lighting becoming increasingly popular. The US automotive mirror market is not just about traditional mirrors; it’s about integrating cutting-edge technology that enhances safety and improves the driving experience.
Ultimately, the requirement for automotive mirrors in the US is driven by a mix of regulatory, technological, and consumer demand factors. As the industry continues to innovate, the automotive mirror market will evolve, playing a central role in shaping the future of the automotive industry.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Automotive Mirror Market
Side Mirrors
Rear-View Mirrors
Interior Mirrors
Blind Spot Mirrors
Smart Mirrors
Electrochromatic Mirrors
Regular Mirrors
LCD Digital Mirrors
Camera-Based Rear-View Systems
Passenger Cars
Commercial Vehicles
Two-Wheelers
Electric Vehicles
Luxury Vehicles
Glass
Plastic
Metal
Composite Materials
OEM (Original Equipment Manufacturer)
Aftermarket
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Automotive Mirror Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Automotive Mirror Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Automotive Mirror Market, By Type
6. US Automotive Mirror Market, By Application
7. US Automotive Mirror Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Automotive Mirror Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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