PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1758906
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1758906
Global Automotive Camera-based Side Mirrors Market to Reach US$49.2 Million by 2030
The global market for Automotive Camera-based Side Mirrors estimated at US$11.8 Million in the year 2024, is expected to reach US$49.2 Million by 2030, growing at a CAGR of 26.9% over the analysis period 2024-2030. Cameras Component, one of the segments analyzed in the report, is expected to record a 24.4% CAGR and reach US$16.0 Million by the end of the analysis period. Growth in the Displays Component segment is estimated at 25.2% CAGR over the analysis period.
The U.S. Market is Estimated at US$3.1 Million While China is Forecast to Grow at 25.7% CAGR
The Automotive Camera-based Side Mirrors market in the U.S. is estimated at US$3.1 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$7.5 Million by the year 2030 trailing a CAGR of 25.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 24.2% and 23.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 18.9% CAGR.
Global "Automotive Camera-based Side Mirrors" Market - Key Trends & Drivers Summarized
How Are Digital Vision Systems Revolutionizing Traditional Automotive Mirrors?
Automotive camera-based side mirrors, also referred to as digital side mirrors, are redefining driver safety and vehicle aerodynamics in today’s fast-evolving automotive landscape. Traditionally dominated by physical glass mirrors, the side-view mirror segment has seen groundbreaking transformation with the introduction of camera systems. These systems employ compact, aerodynamically designed cameras mounted in place of conventional mirrors, transmitting live feeds to internal displays. The primary advantage of this evolution lies in the elimination of blind spots, reduction in drag, and enhanced night and weather visibility. The technology has seen a surge in demand particularly in premium and electric vehicle (EV) segments where efficiency, safety, and futuristic design are key selling propositions.
What Role Do Regulatory and Safety Standards Play In Adoption?
The adoption of automotive camera-based side mirrors has been largely influenced by evolving regulatory norms, especially in regions like Europe and Japan where such systems have already been legalized. UN-ECE regulations have paved the way for automakers to replace traditional mirrors with cameras, while countries like the U.S. are also progressing towards similar standards. In addition to regulatory acceptance, safety ratings from global assessment bodies such as Euro NCAP and IIHS increasingly favor vehicles equipped with advanced driver-assistance features, including camera-based mirrors. The automotive industry is closely monitoring feedback from early adopters and pilot programs, with Japanese automakers like Honda and Lexus leading the way in integrating these systems into mass-market and luxury models.
Can Shifts in Automotive Design and Consumer Expectations Shape Market Dynamics?
As automotive design continues to shift towards sleek aerodynamics and minimalism, camera-based side mirrors align perfectly with these styling goals. Consumers are now more tech-savvy and receptive to digital enhancements that improve the driving experience. The interior cabin experience, where digital displays relay camera feeds, has become a focal point of innovation. Automakers are enhancing these systems with features such as augmented reality overlays, automatic glare reduction, and object detection alerts. OEMs and Tier 1 suppliers are actively investing in R&D to make these systems more cost-effective, compact, and user-friendly, addressing earlier concerns about reliability and driver distraction.
What’s Powering the Acceleration of This Market’s Growth?
The growth in the automotive camera-based side mirrors market is driven by several factors related to evolving automotive design, stringent safety norms, and increasing consumer acceptance of digital technologies. The global surge in electric vehicles and premium models, where aerodynamic efficiency and futuristic aesthetics are critical, is a key growth accelerator. Additionally, OEMs are under pressure to differentiate their offerings, leading to increased incorporation of such features even in mid-range models. Cost reduction in high-definition cameras, real-time image processing technologies, and improvements in display quality further enhance viability. Consumer expectations around vehicle safety, especially in urban and highway driving, are creating a strong demand pull, while regulatory momentum is ensuring supply-side readiness.
SCOPE OF STUDY:
The report analyzes the Automotive Camera-based Side Mirrors market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Component (Cameras Component, Displays Component, Control Units Component, Other Components); Type (Single Camera Systems, Multi-Camera Systems); Product Type (Rear-View Mirror, Front Mirror); End-Use (Passenger Cars End-Use, Commercial Vehicles End-Use)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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