Global Electronic Rear Mirror Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.3 Billion by 2030, growing at a CAGR of 14.3% from 2024 to 2030.
The global electronic rear mirror market has witnessed significant growth in recent years, driven by advancements in automotive technology, safety features, and consumer demand for enhanced driving experiences. Electronic rear mirrors, which replace traditional mirrors with digital screens, offer numerous benefits such as improved visibility, reduced blind spots, and integrated features like cameras and sensors. As automotive manufacturers continue to prioritize safety and innovation, the demand for electronic rear mirrors is expected to rise dramatically in the coming years.
One of the main drivers of this growth is the increasing adoption of advanced driver assistance systems (ADAS). These systems, which include features like lane-keeping assistance, automatic emergency braking, and adaptive cruise control, rely heavily on real-time data from electronic rear mirrors. By providing a clearer, more detailed view of the road behind, electronic rear mirrors enhance the overall effectiveness of ADAS, contributing to safer driving conditions.
Additionally, the shift towards electric vehicles (EVs) has further bolstered the electronic rear mirror market. EVs, which often have unique designs and aerodynamics, benefit from the compact, streamlined nature of electronic mirrors. These mirrors not only improve vehicle efficiency by reducing drag but also contribute to the sleek and futuristic aesthetic that EV manufacturers aim for.
As the market expands, several key players in the automotive industry are investing heavily in research and development to create more advanced and cost-effective electronic rear mirrors. With growing interest from both manufacturers and consumers, the future of the electronic rear mirror market looks promising, with increased adoption anticipated across various vehicle segments.
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Foryou Corporation
GoodView
Shenzhen Teamspower Electronics Company
Harman International
STONKAM
Ficosa
Panasonic
Zhejiang Ruxin Intelligent Technology
EYYES
Gentex
MITO Corporation
Magna International
Nissan
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 Global Electronic Rear Mirror Market
Commercial Vehicle
Passenger Car
Based on Types the Market is categorized into Below types that held the largest Electronic Rear Mirror market share In 2023.
Interior Rearview Mirror
Exterior Rearview Mirror
Main Rearview Mirror
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, 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 Global Electronic Rear 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. Global Electronic Rear Mirror Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electronic Rear Mirror Market, By Type
6. Global Electronic Rear Mirror Market, By Application
7. Global Electronic Rear Mirror Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Electronic Rear Mirror Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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