Automotive Rear View Mirror Market is estimated to propel US$ 16.01 Bn in 2026 and is expected to grow at a CAGR of 5.09% during the forecast period. The main function of the automotive rearview mirror market is given to the driver a clear vision of all the objects to the side or rear of the vehicle. Also, safeties of passengers and vehicles have become the prime concern for consumers and OEMs are integrating different safety features in the automotive mirror which drives the rear-view mirror market. The rear view mirror market covers vital aspects like the collection of data from the rearview camera and projecting it onto the rear view mirror screen, switching of the rear view mirror between a conventional mirror and digital screen.
Increase in stringency of vehicle safety standards is the main factor driving market growth. Increases in demand for premium vehicles have further raised demand for rear-view mirrors. Concerns related to the safety of drivers and passengers in cases of accidents are one of the key factors driving the growth of the rear view mirror market. The growing demand for safety systems with an increase in the number of vehicles is projected to fuel the demand for global automotive rear view mirror market. With the advanced technology, concept cars are coming with camera installed instead of mirrors. Cameras possess various advantages over traditional automotive rear view mirrors and help improve safety. This jump in technology is estimated to restrict the growth of the automotive rear view mirror market.
Automotive Rear View Mirror Market
Automotive rear view mirror market is segmented into type, features, product, mounting location, vehicle type, and region. On the basis of type, the exterior mirror segment is expected to dominate the automotive rear view mirror market during the forecast period. The use of exterior mirrors is imperative in all types of vehicles. The use of exterior mirrors is essential in all types of vehicles. Exterior mirrors are the option to side view ones. They aid in route changing and parking. Furthermore, they assist avoid accidents, driving fatigue, and traffic violations. Based on features, the heating function segment dominated the market in 2017 and is estimated to continue its dominance over the forecast period. The most commonly used features are the heating, automatic foldable and power controlled variety. The more expensive features are auto dimming mirror and blind spot detection offer better vehicle control and reduction in the accident. In terms of product, the smart rear view mirror is costly and offers more plenty of options in terms of the functionality. The conventional rear view mirror is a more cost-effective option and can be fitted even in budget vehicles. The market for smart rear-view mirror is expected to grow at the highest rate during the forecast period.
On the basis of mounting location, the door mounted variety is more commonly used. This is mainly due to the comfort and freedom it provides in syndicating the electrical and electronic system. These assist in easy mirror part replacement and repair if needed. They can be adjusted by the driver as per convenience and visibility. The body-mounted segment is projected to be illustrating the highest growth rate by 2026. Demand for the same is the increase in as heavy commercial vehicles, such as trucks or carriers, do not have interior rear-view mirrors. Based on vehicle type, the passengers' segment holds the dominant share in the rear-view mirrors market and is anticipated to expand at a CAGR of 6.5% over the forecast period. The light commercial vehicle segment is projected to witness the fastest growth over the upcoming years.
In terms of region, the rear view mirror market is segmented into North America, Europe, Asia-pacific, Middle East & Africa, and Latin America. Asia-Pacific is expected to dominate the automotive rear view mirror market during the forecast period followed by Europe. The Asia-Pacific region is called the future automotive hub of the world owing to the rise in middle class and an increase in purchase power.
Some of the key players in the automotive rear view mirror market are Gentex Corporation, Continental AG, Valeo, Magna International, Inc., Murakami Corporation, Ficosa, Samvardhana Motherson, Honda Lock Manufacturing, Ichikoh Industries Ltd., FLABEG, SL Corporation, Sakae Riken Kogyo Co., Ltd., Flabeg Automotive Holding GmbH, Valeo SA, Lumax Automotive Systems Ltd, Burco Inc., Continental AG, and Tokai Rika.
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Automotive Rear View Mirror Market Scope
Automotive Rear View Mirror Market by type
- Exterior Rear-view Mirror
- Interior Rear-view Mirror
Automotive Rear View Mirror Market by features
- Auto Dimming
- Blind Spot Detection
- Power Control
- Automatic Foldable
- Heating
- Others
Automotive Rear View Mirror Market by product
- Conventional Rear-view Mirror
- Smart Rear-view Mirror
Automotive Rear View Mirror Market by mounting location
- Body Mounted
- Door Mounted
Automotive Rear View Mirror Market by vehicle type
- Passenger Cars
- Light Commercial Vehicles
- Trucks
- Buses
Automotive Rear View Mirror Market by Geography
- North America
- Europe
- Asia-pacific
- Middle East & Africa
- Latin America
Key Players Operating in the Automotive Rear View Mirror Market
- Gentex Corporation
- Continental AG
- Valeo
- Magna International, Inc.
- Murakami Corporation
- Ficosa
- Samvardhana Motherson
- Honda Lock Manufacturing
- Ichikoh Industries Ltd.
- SL Corporation
- Sakae Riken Kogyo Co., Ltd.
- Flabeg Automotive Holding GmbH
- Lumax Automotive Systems Ltd
- Burco Inc.
- Tokai Rika
- Mobvoi, Inc
- Mitsuba Corporation
- Ishizaki Honten Company Limited
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The report on the global Automotive Rear-view Mirror market gives an estimation of the improvement of the market dependent on historical studies and furthermore gives forecasts on based on an exhaustive exploration.
The market is relegated into different fragments with an overall viewpoint of the competitors and a posting of the profiled key players.
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The report altogether analyzes different phases of the Automotive Rear-view Mirror Systems business life cycle ranging from demand, creation, conveyance, deals, and utilization.
The market scope, history, execution, efficiency, and improvement are deeply analyzed in the report.
According to the market research report Rear-View Mirror Market for Automotive by Product (Conventional and Smart), Feature (Auto dimming, BSD, Power Control, Automatic Foldable, Heated, Indicator), Type, Mounting Location, Vehicle Type, and Region – Global Forecast to 2022.
Download our free PDF Brochure and gain crucial industry insights that will help your business grow:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259996962 “Exterior mirror is projected to be the largest segment of automotive rear-view mirror market”The exterior mirror segment is projected to dominate the automotive rear-view mirror market, in terms of value, during the forecast period.
OEMs are increasingly offering these features in the exterior mirror.
Leading OEMs are adding new features in the rear-view mirror and increasingly adopting smart rear-view mirror to gain a competitive advantage in the market.
Browse and in-depth TOC on Rear-View Mirror Market79 – Tables47- Figures170 – Pages Asia-Pacific expected to be the largest market for automotive rear-view mirror market”Asia-Pacific is estimated to dominate the automotive rear-view mirror market during the forecast period.
According to the Organisation Internationale des Constructeurs d Automobiles (OICA) publication, these countries together contributed ~48% to the global vehicle production in 2016.Request for sample:https://www.marketsandmarkets.com/requestsampleNew.asp?id=259996962 Rear-View Mirror Market Key Players The market is dominated by a few global players and comprises several regional players.
