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Smart Rearview Mirror Market Trends

  • Report ID: GMI10685
  • Published Date: Aug 2024
  • Report Format: PDF

Smart Rearview Mirror Market Trends

The growing demand for advanced driver assistance systems (ADAS) is expected to drive significant expansion in the vehicle intelligent rear-view mirror market. ADAS functions, such as lane departure warning and blind spot detection, largely rely on intelligent rear-view mirrors to gather and display data. As customer awareness and adoption of ADAS technologies increase, the market for intelligent rear-view mirrors is anticipated to grow in the upcoming years. In addition, manufacturers have introduced high-resolution screens, digital zoom, and night vision features to enhance vision and clarity in various driving conditions. Furthermore, the customization of mirror settings and displayed information satisfies driver preferences, which may increase market adoption.

 

In June 2022, Tokai Rika developed an image synthesis technology, leveraging the creation of smart rearview mirrors, that will now be applied to remote monitoring systems for autonomous driving. The company intends to incorporate its remote monitoring system into autonomous driving demonstration demonstrations that will take place in over 40 places around Japan.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Smart rearview mirror market size was USD 5.9 billion in 2023 and will grow at 13% CAGR between 2024 and 2032, attributed to the increasing demand for advanced driver assistance systems and enhanced vehicle safety features.

Smart rearview mirror industry from the integrated backup camera display segment garnered 41% share in 2023 due to its significant impact on enhancing vehicle safety and driver convenience.

North America smart rearview mirror industry achieved 34% share in 2023, owing to strong automotive sector, high consumer demand for advanced safety features, and significant investments in automotive technology.

Some of the leading smart rearview mirror industry players include Continental AG, Ficosa Internacional SA, Magna International Inc., Mitsuba Corp., Murakami Corporation, SL Corporation., and VALEO, among others.

Smart Rearview Mirror Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 341
  • Countries covered: 21
  • Pages: 250
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