The global demand for Automotive Virtual Exterior Mirror Market is presumed to reach the market size of nearly USD 720.41 MN by 2030 from USD 201 MN in 2022 with a CAGR of 17.3% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Thousand Units in 2022 and forecast to touch XX Thousand Units by 2030 with a CAGR of XX% during 2023-2030.
An Automotive virtual exterior mirror, also known as a digital or virtual side mirror, is an advanced technology used in vehicles to replace traditional physical side mirrors. Instead of using traditional mirror glass, these systems employ cameras and displays to provide drivers with a view of the vehicle's surroundings on screens located inside the car's cabin. This technology aims to enhance safety, visibility, and aerodynamics while reducing blind spots.
The automotive virtual exterior mirror market has been influenced by a range of factors. Chief among them is the emphasis on safety and visibility improvement. Virtual exterior mirrors offer drivers a clearer, wider view of their surroundings, mitigating blind spots and enhancing lane changes and parking maneuvers. Evolving automotive safety regulations have driven manufacturers to integrate advanced driver assistance systems (ADAS), including virtual mirrors. Rapid technological advancements in camera technology, image processing, and displays have bolstered the effectiveness and accessibility of virtual exterior mirrors. These mirrors also contribute to improved aerodynamics and fuel efficiency, a significant focus for the automotive industry. Additionally, the design freedom they provide and their integration into broader ADAS packages have elevated their appeal. The market's growth is further driven by consumer demand for innovation, the rise of electric vehicles, and the move towards autonomous driving technology.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive virtual exterior mirror. The growth and trends of Automotive Virtual Exterior Mirror Industry provide a holistic approach to this study.
This section of the automotive virtual exterior mirror market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
By Technology
By Deployment Mode
By Installation Type
By Vehicle Type
By Distribution Channel
This section covers the regional outlook, which accentuates current and future demand for the Automotive Virtual Exterior Mirror market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive virtual exterior mirror market include Gentex Corporation, Magna International Inc., Panasonic Corporation, Ficosa International, Hyundai Mobis, Harman International, Nissan Motor Co., Ltd., Samsung Electro-Mechanics, Honda Motor Co. Ltd, BMW AG, Leopold Kostal GmbH & Co. KG, Mitsubishi Electric Corporation, YFAI (Yanteng Automotive Interiors), Continental AG, Samvardhana Motherson Reflectec (SMR), Valeo S.A. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . AUTOMOTIVE VIRTUAL EXTERIOR MIRROR – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Component
3.7.2 Market Attractiveness Analysis By Technology
3.7.3 Market Attractiveness Analysis By Deployment Mode
3.7.4 Market Attractiveness Analysis By Installation Type
3.7.5 Market Attractiveness Analysis By Vehicle Type
3.7.6 Market Attractiveness Analysis By Distribution Channel
3.7.7 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL AUTOMOTIVE VIRTUAL EXTERIOR MIRROR MARKET ANALYSIS BY COMPONENT
5.1 Overview by Component
5.2 Historical and Forecast Data
5.3 Analysis by Component
5.4 Hardware (Displays, Sensors, Cameras, Other Hardware Types) Historic and Forecast Sales by Regions
5.5 Software Historic and Forecast Sales by Regions
5.6 Services Historic and Forecast Sales by Regions
6 . GLOBAL AUTOMOTIVE VIRTUAL EXTERIOR MIRROR MARKET ANALYSIS BY TECHNOLOGY