Automotive Rear View Mirror Market Overview
Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated “Automotive Rear View Mirror Market” Report, providing crucial insights into the market’s potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity for Automotive Rear View Mirror market and its component manufacturers over the next decade.
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Automotive Rear View Mirror Market Values
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.
Automotive Rear View Mirror Market Scope
Import and export consumption, supply and demand chain, costs, shares, sales volumes, revenues, and gross profits are covered in the Automotive Rear View Mirror market analysis report. The manufacturing bases, capacity, production, factory prices, revenues, and market share of each manufacturer in the Automotive Rear View Mirror market are examined in the report.
Automotive Rear View Mirror Market Dynamics
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.
Automotive Rear View Mirror Market Segmentation
By Type
Interior Mirror
Exterior Mirror
By Features Analysis
Power Controlled
Blind Spot Detection
Auto Foldable
Heating function
Others
By Sales Channel
OEM
Aftermarket
By Application
Passenger Cars
Commercial Vehicles
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.
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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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Regional Analysis
The Automotive Rear View Mirror market report comprises an extensive analysis of the Automotive Rear View Mirror industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market’s key geographies and highlights notable segments and sub-segments within the industry.
Key Questions answered in the Automotive Rear View Mirror Market Report are:
- What is Automotive Rear View Mirror Market?
- What is the forecast period of the Automotive Rear View Mirror Market?
- What is the competitive scenario of the Automotive Rear View Mirror market?
- Which region held the largest market share in the Automotive Rear View Mirror Market?
- What are the opportunities for the Automotive Rear View Mirror Market?
- What are the restraining factors in the Automotive Rear View Mirror market?
- Who are the key players of the Automotive Rear View Mirror market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Automotive Rear View Mirror
- Landscape- Leading key players and other prominent key players.
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