Already Lucrative Global Rearview Mirror Market Projected to Grow

According to a recent Transparency Market Research (TMR) report, the global automotive rearview mirror market is a several billion dollar business and TMR’s projections show the market’s revenue increasing. According to TMR, the global automotive rearview mirror industry was worth $11.0 billion in 2022, and they estimate it will grow at a Compound Annual Growth Rate (CAGR) of 5% from 2023 to 2031, by which time TMR projects it will be worth $18.0 billion. TMR cites rearview mirror-related innovations in Advanced Driver Assistance Systems (ADAS) as contributing to this growth.

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