Automotive Rear View Mirror Market Share, Business Size and Industry Forecast 2030

Automotive Rear View Mirror Market Overview

Maximize Market Research, a leading market research and consulting company, has released an in-depth report on the evolving Automotive Rear View Mirror Market. As technological advancements and changing consumer demands continue to shape the industry, this comprehensive overview provides invaluable insights for businesses aiming to make informed decisions and capitalize on emerging prospects.

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The Automotive Rear View Mirror Market was valued at USD 9 billion in 2023 and is expected to grow to USD 15.22 billion by 2030, representing a compound annual growth rate (CAGR) of 7.8% during the forecast period.

Market Report Scope and Research Methodology

The Automotive Rear View Mirror market report offers a thorough estimation of market sizes and segments, encompassing both qualitative and quantitative aspects. Stakeholders can gain insights into drivers, challenges, and investment opportunities. The report analyzes the competitiveness, products, and regional markets of major companies, utilizing a blend of primary and secondary research to provide a roadmap for achieving higher growth in the Automotive Rear View Mirror market.

Through a meticulous research methodology, the report delves into the key factors influencing the Automotive Rear View Mirror market. It examines market sizes, growth rates, and import-export activities across different regions, providing a comprehensive analysis. The Regional Insights section scrutinizes the current status of the Automotive Rear View Mirror market in various countries.

Automotive Rear View Mirror Market Regional Insights

The report provides a comprehensive analysis, encompassing all factors, market size, growth rate, and import-export activities across different regions. Through Regional Analysis, the report examines the current status of the Automotive Rear View Mirror market in various countries.

Reflecting Safety Advancements in the Market for Rear View Mirrors for Automobiles

The market for automotive rearview mirrors is still growing, propelled by a number of important variables that are influencing its course. The constant need for improved safety features in the automobile industry is one of the main factors driving the market's growth. Rear-view mirror manufacturers are increasing their contribution to driving safety by assiduously incorporating state-of-the-art technologies into their products. Notably, smart mirrors with features like collision alerts and blind-spot recognition represent the industry's creative leap to higher safety requirements. In addition, the widespread regulatory requirements that require backup cameras to be installed in automobiles have greatly aided in the advancement of the use of sophisticated rearview mirrors.

The market for automotive rear view mirrors is seeing a revolution because to technological advancements.

A notable constraint is the continuous transition towards camera-based systems, as technical innovations such as Tesla's use of camera-based solutions modify the dynamics of the Automotive Rear View Mirror Market. The demand for conventional mirrors may decline as a result of these changes, which have a substantial impact on traditional mirror makers. Furthermore, strict safety standards such as FMVSS 111 in the US, which require improved rear visibility, raise the complexity and cost of mirror manufacturing and impede market expansion. In addition, supply chain disruptions—such as those caused by the COVID-19 pandemic—showcase vulnerabilities that may affect the availability of mirror components.

Automotive Rear View Mirror Market Segmentation

By Type

Interior Mirror
Exterior Mirror

Different functionality have different responsibilities depending on how they are used in the Automotive Rear View Mirror Market segment analysis of features. Power-controlled mirrors are particularly useful since they make it simple for drivers to change the mirror's tilt. Power-controlled mirror integration is a standout feature in the market, changing both safety regulations and the driving experience for drivers. With their electric or motorised adjustments, these mirrors are the pinnacle of versatility and ease of use, enabling drivers to easily change mirror orientations from within their car. Power-controlled mirrors are incredibly convenient and widely used; they allow for quick changes to maximise visibility under different driving situations.

By Features Analysis

Power Controlled
Blind Spot Detection
Auto Foldable
Heating function
Others

By Sales Channel

OEM
Aftermarket
By Application Passenger Cars
Commercial Vehicles

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Automotive Rear View Mirror Market Key Players

North America
1. Gentex Corporation (United States)
2. Magna International Inc. (Canada)
3. Muth Mirror Systems, LLC (United States)

Europe
1. Ficosa International SA (Spain)
2. FLABEG Automotive Holding GmbH (Germany)
3. Samvardhana Motherson Reflectec (SMR) (Germany)\
4. Magna Mirrors Holding GmbH (Germany)
5. SL Mogilev (Belarus)

Asia Pacific
1. Murakami Corporation (Japan)
2. Tokai Rika Co., Ltd. (Japan)
3. Mitsuba Corporation (Japan)
4. SL Corporation (South Korea)
5. Lumax Industries Limited (India)
1. Ichikoh Industries, Ltd. (Japan)
2. Mobvoi (China)
3. Honda Lock Mfg. Co., Ltd. (Japan)
4. Murakami Kaimeido (Japan)
5. Bosal Nederland B.V. (Netherlands)
6. Chengdu Telewing Electronics Co., Ltd. (China)
7. Foshan Yifeng Auto Parts Manufacturing Co., Ltd. (China)
8. Changzhou Lingyun Auto Electron Co., Ltd. (China)
9. Shanghai Ganxiang Automobile Mirror Co., Ltd. (China)
10. Sichuan Skay-View Automobile Parts Co., Ltd. (China)
11. Chennai Radha Engineering Works Pvt. Ltd. (India)
12. Chennai Auto-View Mirror Pvt. Ltd. (India)

Table of content for the Automotive Rear View Mirror Market includes: 

Part 01: Executive Summary

Part 02: Scope of the Automotive Rear View Mirror Market Report

Part 03: Global Automotive Rear View Mirror Market Landscape

Part 04: Global Automotive Rear View Mirror Market Sizing

Part 05: Global Automotive Rear View Mirror Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Key questions answered in the Automotive Rear View Mirror Market are:

• What is Automotive Rear View Mirror?
• What was the Automotive Rear View Mirror market size in 2023?
• What is the growth rate of the Automotive Rear View Mirror Market?
• Which are the factors expected to drive the Automotive Rear View Mirror market growth?
• What are the different segments of the Automotive Rear View Mirror Market?
• What growth strategies are the players considering to increase their presence in Automotive Rear View Mirror?
• What are the upcoming industry applications and trends for the Automotive Rear View Mirror Market?
• What major challenges could the Automotive Rear View Mirror Market face in the future?
• What segments are covered in the Automotive Rear View Mirror Market?
• Who are the leading companies and what are their portfolios in Automotive Rear View Mirror Market?
• What segments are covered in the Automotive Rear View Mirror Market?
• Who are the key players in the Automotive Rear View Mirror market?

Key Offerings:

• Past Market Size and Competitive Landscape (2019 to 2023)
• Past Pricing and price curve by region (2019 to 2023)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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