Smart Rearview Mirror Global Market Report 2025

The smart rearview mirror market size has grown rapidly in recent years. It will grow from $3.42 billion in 2024 to $3.85 billion in 2025 at a compound annual growth rate (CAGR) of 13.5%. The growth during the historic period can be attributed to rising consumer demand for enhanced vehicle safety, increasing adoption of advanced driver-assistance systems (ADAS), stricter government regulations mandating safety features, growing awareness of road safety among consumers, and expansion of the automotive industry in emerging markets.

The smart rearview mirror market size is expected to see rapid growth in the next few years. It will grow to $6.36 billion in 2029 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period is expected to result from increasing consumer preference for premium vehicles, growing demand for connected vehicle technologies, heightened awareness of road safety among consumers, expansion of the automotive industry in emerging markets, and rising adoption of electric vehicles. Key trends in the forecast period include integration of infotainment systems with rearview functionalities, development of augmented reality smart mirrors, focus on eco-friendly manufacturing practices, adoption of streaming media rearview mirrors, and increasing emphasis on vehicle aesthetics and design.

The rising adoption of connected vehicles is expected to drive the growth of the smart rearview mirror market. Connected vehicles, equipped with internet connectivity and wireless communication, can exchange real-time data with other vehicles, infrastructure, and networks, enhancing safety, traffic efficiency, and vehicle-to-everything (V2X) communication. Smart rearview mirrors support connected vehicles by integrating cameras, sensors, and network connectivity, improving driver awareness, enabling real-time data sharing, and facilitating advanced safety and navigation functions. For example, in January 2024, BMW Group reported record global sales of 2,555,341 BMW, MINI, and Rolls-Royce vehicles, a 6.5% increase year-over-year, demonstrating the rising adoption of connected and technologically advanced vehicles. Therefore, the increasing adoption of connected vehicles is driving the smart rearview mirror market.

Key players in the smart rearview mirror market are focusing on high-definition digital displays to enhance rear visibility and vehicle safety. High-definition displays provide sharp, clear, and real-time images, giving drivers an unobstructed view of the area behind or around the vehicle, even when traditional rear visibility is blocked. For instance, in February 2023, Ford Motor Company launched its Digital Rearview Mirror for the 2023 Transit and E-Transit vans, offering a panoramic view behind the vehicle to detect pedestrians, cyclists, and other obstacles. The system features adjustable brightness and angle controls, addressing the limitations of conventional mirrors and backup cameras while enhancing driver safety and convenience in various conditions.

In April 2025, Gentex Corporation, a US-based technology company, acquired VOXX International Corporation for an undisclosed amount. This acquisition allows Gentex to expand its capabilities in smart electronics, automotive audio, and biometric solutions, leveraging VOXX’s expertise in smart rearview mirrors and consumer electronics to drive innovation, market growth, and profitability.

Major players in the smart rearview mirror market are Robert Bosch GmbH, Panasonic Holdings Corporation, Denso Corporation, Hyundai Mobis Co. Ltd., Continental AG, Magna International Inc., Mitsubishi Electric Corporation, Valeo S.A., Aptiv PLC, Samvardhana Motherson International Limited., Samsung Electro-Mechanics Co. Ltd., Ficosa International S.A., Gentex Corporation, Japan Display Inc., Murakami Corporation, Allview Mirrors Corporation, Brandmotion LLC, Rydeen Mobile Electronics Inc., Rexing Inc., and Guangzhou Candid Electronics Co. Ltd.

North America was the largest region in the smart rearview mirror market in 2024. The regions covered in smart rearview mirror report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

The smart rearview mirror market research report is one of a series of new reports that provides smart rearview mirror market statistics, including smart rearview mirror industry global market size, regional shares, competitors with the smart rearview mirror market share, smart rearview mirror market segments, market trends, and opportunities, and any further data you may need to thrive in the smart rearview mirror industry. This smart rearview mirror market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A smart rearview mirror is an advanced automotive device that replaces or enhances a traditional rearview mirror using digital technology. It integrates features such as real-time video display, navigation assistance, and driver monitoring to improve situational awareness and safety. Cameras, sensors, and connectivity provide a clearer and more comprehensive view of the vehicle’s surroundings compared to conventional mirrors.

The main types of smart rearview mirrors are body-mounted and door-mounted systems. A body-mounted smart rearview mirror is an integrated, aerodynamically designed system on the vehicle’s body that improves safety, field of view, and aesthetics, and is commonly used in premium and ADAS-equipped cars. These mirrors include features such as touchscreen functionality, GPS navigation, Bluetooth connectivity, dash cam integration, and other advanced capabilities. They incorporate technologies such as liquid crystal display (LCD) screens, LCD touch displays, and augmented reality. They are used in passenger vehicles and commercial vehicles and are adopted by end-users including original equipment manufacturers (OEMs), aftermarket suppliers, and fleet operators.

The countries covered in the smart rearview mirror market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart rearview mirror market consists of revenues earned by entities by providing services such as voice control integration, heads-up display (HUD) projection, cloud-based software updates, lane departure warning alerts, and augmented reality navigation overlays. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart rearview mirror market also includes sales of driver monitoring systems, integration with smart home systems, smart mirror modules with connectivity features, integrated navigation and communication systems, and automated dimming mirrors, and emergency assistance connectivity. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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