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Soaring Demand Set to Propel Augmented reality (AR) Side-Mirror Display Market to $2.77 Billion by 2029
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Augmented reality (AR) Side-Mirror Display Market Through 2025?
In recent times, the market size for augmented reality (AR) side-mirror displays has seen significant growth. The market, which is set to increase from $0.98 billion in 2024 to $1.21 billion in 2025, will experience a compound annual growth rate (CAGR) of 23.4%. Several factors have contributed to this growth during the historic period, including an increased emphasis on aerodynamics and efficiency of vehicles, a surge in demand for advanced driver assistance systems, heightened safety concerns around lane changes and blind spots, the rising trend of adopting digital cockpit technologies, and an increase in the production of premium vehicles.
What's the Projected Size of the Global Augmented reality (AR) Side-Mirror Display Market by 2029?
In the coming years, the market size of the augmented reality (AR) side-mirror display is projected to experience substantial growth, reaching $2.78 billion in 2029 with a compound annual growth rate (CAGR) of 23.1%. This growth during the forecast period is influenced by the increasing tendency toward replacing traditional mirrors with camera-based ones, enhanced incorporation with autonomous driving systems, a surge in investment in vehicle-to-everything (V2X) communication, a greater use of AR in automotive safety applications, and increased consumer demand for advanced vehicle features. Key trends for the forecast period comprise of progress in real-time image processing for AR displays, sophisticated sensor fusion for improved situational awareness, the creation of ultra-thin AR mirror modules, progress in weather-resistant AR display coatings, and advancements in AI-supported driver assistance visualisation.
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Top Growth Drivers in the Augmented reality (AR) Side-Mirror Display Industry: What's Accelerating the Market?
The augmented reality (AR) side-mirror display market is poised for growth, propelled by an increase in vehicle production. This rise in production is due to the escalating consumer demand, which is inspiring manufacturers to boost output to satisfy market requirements and cut down the waiting period for new vehicles. The AR side-mirror display enhances the safety and efficiency of vehicles by augmenting visibility, eradicating blind zones, and producing real-time alerts that aid drivers in making safer decisions, and increasing their confidence in driving. For instance, the European Automobile Manufacturers' Association (ACEA), a Belgium-based organization that represents Europe's car, truck, and bus manufacturers, reported that in March 2025, automotive production in South America saw a 1.7% growth year-over-year. Brazil took the lead with a 6.3% rise, resulting in a total production of roughly 1.9 million vehicles. Hence, the escalation in vehicle production is fueling the growth of the augmented reality (AR) side-mirror display market.
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What Trends Will Shape the Augmented reality (AR) Side-Mirror Display Market Through 2029 and Beyond?
In the augmented reality (AR) side-mirror display market, prominent firms have been increasingly focused on curating new, innovative solutions. These include camera-centric side-view systems, sensor-integrated displays, and hybrid AR mirrors, all designed to augment driver safety, broaden the field of view, issue real-time warnings, as well as incorporate intelligent driving aid attributes. The term 'camera-based side-view system' describes a method that supersedes standard side mirrors with vehicle-mounted cameras that transmit live video footage to in-cabin displays; a move meant to ameliorate visibility and cut down on blind spots. To exemplify, Magna International Inc., a Canadian mobility technology enterprise, launched the ClearView Vision System on Ram 2500 and 3500 Heavy Duty trucks in January 2023. This state-of-the-art system assimilates interior and exterior mirrors with various cameras, electronics, and software to intensify driver visibility and safety by shrinking blind spots and making vehicle handling easier. One feature worth noting is the interior rearview video mirror, which can effortlessly toggle between a conventional optical reflection and a video display presenting up to three simultaneous camera views - an unprecedented move in the automotive sector.
What Are the Main Segments in the Augmented reality (AR) Side-Mirror Display Market?
The augmented reality (AR) side-mirror display market covered in this report is segmented as
1) By Product Type: Camera-Based Augmented reality (AR) Side-Mirror Display, Sensor-Based Augmented reality (AR) Side-Mirror Display, Hybrid Augmented reality (AR) Side-Mirror Display
2) By Technology: Organic Light Emitting Diode (OLED), Liquid Crystal Display (LCD), Other Technologies
3) By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Electric Vehicles, Other Vehicle Types
4) By Sales Channel: Original Equipment Manufacturers (OEM), Aftermarket
5) By Application: Blind Spot Detection, Lane Change Assistance, Parking Assistance, Other Applications
Subsegment:
1) By Camera-Based Augmented Reality (AR) Side-Mirror Display: Front Camera-Based AR Side-Mirror Display, Rear Camera-Based AR Side-Mirror Display, Multi-Camera Integrated AR Side-Mirror Display
2) By Sensor-Based Augmented Reality (AR) Side-Mirror Display: Ultrasonic Sensor-Based AR Side-Mirror Display, Radar Sensor-Based AR Side-Mirror Display, Lidar Sensor-Based AR Side-Mirror Display
3) By Hybrid Augmented Reality (AR) Side-Mirror Display: Camera + Ultrasonic Sensor Hybrid AR Side-Mirror Display, Camera + Radar Sensor Hybrid AR Side-Mirror Display, Camera + Lidar Sensor Hybrid AR Side-Mirror Display
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Which Top Companies are Driving Growth in the Augmented reality (AR) Side-Mirror Display Market?
Major companies operating in the augmented reality (ar) side-mirror display market are Robert Bosch GmbH, Panasonic Holdings Corporation, DENSO Corporation, Hyundai Mobis Co. Ltd., Continental AG, Magna International Inc., Mitsubishi Electric Corporation, Aisin Seiki Co. Ltd., Valeo S.A., Tokai Rika Co. Ltd., Visteon Corporation, SL Corporation, Gentex Corporation, Japan Display Inc., OmniVision Technologies Inc., Ichikoh Industries Ltd., MeKRA Lang GmbH & Co. KG, Motherson Innovations Company Limited, BrandXR Inc., Zuvay Technologies Private Limited.
Which Regions Will Dominate the Augmented reality (AR) Side-Mirror Display Market Through 2029?
North America was the largest region in the augmented reality (AR) side-mirror display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in augmented reality (AR) side-mirror display report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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