New York, United States, July 19, 2022 (GLOBE NEWSWIRE) — Automotive rear-view mirror encourages careful driving by allowing you to look behind your vehicle without turning your head. People can watch traffic and prepare for any hazards by monitoring their rear-view mirror. It is also helpful for parking because it provides a clean line of sight to the sides and rear of the car. The rear-view mirror is a valuable tool when backing into, parallel parking, or exiting a parking space. Due to exterior design and taller headrests in the back seats, several classic rear-view mirrors have lost vision. As a result, a number of automakers have included smart rear-view mirrors in their vehicles to provide a clear vision while keeping the intended benefits and functionalities.
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Key Insights
- The Global Automotive Rear-View Mirror Market is predicted to grow at a CAGR of 7.83% and to be valued at USD 15228.27 million in 2030.
- Passenger vehicles dominated the market and is expected to grow at a CAGR of 8.28% generating a revenue of USD 11009.22 million by 2030.
- The interior mirror segment dominated the market is expected to grow at a CAGR of 7.74% generating a revenue of USD 10,673.89 million by 2030.
- The power-controlled segment held the largest share and is expected to grow at a CAGR of 7.45% generating a revenue of USD 5774.42 million in 2030.
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