Press release
Automotive Virtual Exterior Mirror Market is Predicted to Expand at A CAGR Of 16.4% by 2031- TMR Study
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85781&utm_source=OpenPR_Ganesh&utm_medium=OpenPR
Market Overview:
The automotive virtual exterior mirror technology introduces a paradigm shift by replacing traditional side mirrors with camera-based systems that offer real-time digital images or video feeds to drivers. Known as digital mirrors or e-mirrors, these systems enhance aerodynamics, reduce drag, and provide designers with greater creative freedom. The market's growth is underpinned by the global expansion of the automotive sector, increased sales of passenger and commercial vehicles, and a growing integration of in-vehicle electronics.
Regulatory Support and Technological Adoption:
Virtual mirrors, although not yet legal in the U.S., have garnered significant attention, especially since the National Highway Traffic Safety Administration (NHTSA) began testing the technology in 2019. The replacement of traditional side mirrors with virtual alternatives holds immense potential, particularly in reducing aerodynamic drag and offering designers more flexibility. The market is also buoyed by regulatory support for advanced technologies, such as virtual mirrors, indicating potential growth in various regions in the coming years.
Integration with Advanced Driver Assistance Systems (ADAS):
A key driving force behind the adoption of virtual exterior mirrors is their integration with Advanced Driver Assistance Systems (ADAS). Offering features like blind-spot monitoring and lane-keeping assistance, these mirrors enhance overall vehicle safety and contribute to an improved driving experience. Governments worldwide are emphasizing road safety and emissions reduction, prompting automakers to adopt virtual exterior mirrors to comply with safety standards and meet regulatory requirements.
Connected Car Systems and Customization:
Virtual exterior mirrors are not just about safety; they are evolving into integral components of connected car systems. Offering features like navigation directions, vehicle diagnostics, and personalized settings, these mirrors enhance the overall driving experience. Flexibility in display and customization options further adds to their appeal, allowing drivers to tailor their views and minimize glare. The futuristic appearance of vehicles equipped with virtual exterior mirrors also attracts tech-savvy consumers.
Market Segmentation and Regional Insights:
Passenger cars, particularly in the luxury and premium segments, dominate the adoption of virtual exterior mirrors. Early adopters in the premium segment, such as BMW AG and Honda Motor Co., are paving the way for broader market penetration. In terms of components, the hardware segment holds a significant share, driven by the increasing adoption of camera-based mirror systems. North America, Europe, and Asia Pacific emerge as key regions for market growth, with North America leading the way due to a robust automotive industry and high consumer demand for advanced technologies.
Key Players and Developments:
The global automotive virtual exterior mirror market is marked by strategic alliances and continuous innovations. Key players include Gentex Corporation, Magna International Inc., Panasonic Corporation, and others. In recent developments, Gentex Corp. invested in ADASKY's Series B financing for the commercialization of Long Wave Infrared (LWIR) sensors, while Magna's ClearView vision technology debuted in Ram Heavy Duty trucks, showcasing the industry's commitment to innovation.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=85781<ype=S&utm_source=OpenPR_Ganesh&utm_medium=OpenPR
As the electric vehicle power electronics market continues its exponential growth, stakeholders must navigate this dynamic landscape armed with a deep understanding of market dynamics. This comprehensive market research study illuminates key trends, growth drivers, and technological advancements, providing actionable insights for stakeholders aiming to enter, expand, or optimize their presence in this rapidly evolving market. The electrifying road ahead promises innovation, collaboration, and sustainable transformation in the global electric vehicle power electronics industry.
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact Us
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Virtual Exterior Mirror Market is Predicted to Expand at A CAGR Of 16.4% by 2031- TMR Study here
News-ID: 3407658 • Views: โฆ
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 โฆ
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends fromโฆ
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra โฆ
The global Technetiumโ99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetiumโ99mโฆ
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to โฆ
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equineโฆ
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of โฆ
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,โฆ
More Releases for Virtual
Virtual Office Staff and Fortitude Virtual Professionals Unite to Elevate Virtua โฆ
On May 5, 2025, two esteemed virtual assistant agencies-Virtual Office Staff and Fortitude Virtual Professionals-officially merged, forming a dynamic alliance poised to redefine the standards of virtual executive support and business operations.
This strategic merger combines the strengths of both organizations, uniting their commitment to delivering top-tier virtual office services that exceed client expectations. Operating under the Fortitude Virtual Professionals brand, the unified entity leverages a robust infrastructure and a reputationโฆ
Virtual Assistance Revolution: Intelligent Virtual Assistants Market (2023-2032)
Global Intelligent Virtual Assistants Market Scope and Overview Report 2023-2032
"According to the research report, the global intelligent virtual assistant market was valued at USD 2.62 billion in 2022 and is expected to reach USD 22.45 billion by 2032, to grow at a CAGR of 24.0% during the forecast period."
This visionary report entitled Intelligent Virtual Assistants Market: By Size, Latest Trends, Share, Huge Growth, Segments, Analysis and Forecast, 2030 published byโฆ
Virtual Workplace Market Seeking Excellent Growth | Opus Virtual Offices, Blackm โฆ
Advance Market Analytics published a new research publication on "Virtual Workplace Market Insights, to 2027" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Virtual Workplace market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy ofโฆ
Virtual Internet launches โOn-Demandโ Virtual Data Centers
LONDON, England Feb. 21, 2011 | Virtual Internet โ Virtual Internet has announced a new cloud package called Virtual Data Centers which allow IT managers to virtualize their infrastructure โon-demandโ via the Internet.
The new self-service package allows managers to slice and dice a minimum of 10GB (or more) of physical disk space and/or physical memory into multiple configurations at will.
Incorporating the best features of a private cloud and Infrastructure-as-a-Service (IaaS),โฆ
Caribbean Association Of Virtual Assistants Open Virtual Assistant Directory To โฆ
CAVA Seeks Outside Assistance In Order To Meet Increased Demands For Virtual Assistants
The Caribbean Association Of Virtual Assistants, the Caribbeanโs leading association for virtual assistants is set to accept listings from virtual assistants the world over.
The industry is still fairly new in the Caribbean and due to ever-increasing demands for the services provided by members of the association, the directors have made the decision to seek outside assistance.
Virtual assistantsโฆ
Virtual Assistants Become a Little Less Virtual
Toronto, Canada โฆ North American Virtual Assistants and particularly Canadian VAโs have never before had the opportunity to meet and exchange views in this kind of forum and on Canadian soil. Barb Lang, a Toronto based Virtual Assistant specializing in Event Planning, saw a need for new and seasoned VAโs to meet in person in order to exchange ideas and business expertise in a mastermind / workshop type event.โฆ
