Author: Vikas Kumar
23 February 2024
Introduction:
The electric vehicle (EV) revolution is not just transforming the way we drive, but also the components within our vehicles. One crucial area impacted is the humble outside rearview mirror. As EVs become sleeker and more aerodynamic, traditional glass mirrors create drag and hinder efficiency. This is where camera-based rearview mirrors (CRMs) step in, offering a perfect fit for the evolving EV landscape, and propelling the growth of both markets. Let’s delve into the key reasons why:
1. Aerodynamic Advantage:
2. Advanced Features for Safety and Convenience:
3. Customization and Personalization:
4. Regulatory Push and Consumer Demand:
5. Future-Proofing the Technology:
Get Access to Sample PDF Here- https://univdatos.com/get-a-free-sample-form-php/?product_id=54813
Supporting News and Data:
2022: The global electric vehicle market reached 9.5 million units, and is expected to reach 26.8 million units by 2025 (Source: IEA).
2021: A study by McKinsey & Company found that 85% of car buyers are willing to pay a premium for advanced driver-assistance systems (ADAS) features.
Conclusion:
The growth of the electric vehicle market is undoubtedly creating a ripple effect on the automotive outside rearview mirror market. CRMs offer a perfect solution for EVs, addressing concerns about aerodynamics, safety, and future-proofing technology. As EV adoption continues to soar, we can expect the demand for CRMs to accelerate, creating a mutually beneficial growth story for both industries.
Contact Universal Data Solutions, a rapidly growing dynamic market research firm led by a core of dedicated professionals for further information. According to the Universal Data Solutions analysis, the growth in vehicle production, particularly in emerging economies would massively transform the global scenario of automotive outside rearview mirror and as per their “Automotive Outside Rearview Mirror Market” report, the global market was valued at USD 5.0 billion in 2022, growing at CAGR of 4.90 % during the forecast period from 2022 – 2030 to reach USD billion by 2030.
Get a call back