Automotive Rear View Mirrors Market

Automotive Rear View Mirrors Market by Type (Exterior Rear-view Mirror, Interior Rear-view Mirror) by Features (Auto Dimming,Blind Spot Detection,Power Control, Automatic Foldable, Heated, Turn Signal Indicator, Others) by Product (Conventional Rear-view Mirror, Smart Rear-view Mirror) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Automotive Rear View Mirrors in terms of revenue?

    The global Automotive Rear View Mirrors valued at 12.54 Billion in 2020 and is expected to reach 16.74 Billion in 2028 growing at a CAGR of 5.50%%

  • Which are the prominent players in the market?

    The prominent players in the market are Ficosa, Gentex, Changchun FAWAY Automobile Components, Tokai Rika, Murakami Kaimeido, Samvardhana Motherson, MAGNA, Ningbo Joyson Electronic, Ichikoh, MEKRA Lang..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 5.50%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Automotive Rear View Mirrors include

    • The increasing awareness associated with the drivers and passenger’s safety is anticipated to augment the growth of the automotive rear view mirrors market over the forecast period. This is attributable to the increasing number of accidents across the globe. Most of the manufacturers have now employed smart rear-view mirrors in their automobiles to provide improved visibility while retaining proposed benefits and functions.
    • The increasing technological advancements with addition of better features are expected to propel the growth of the automotive rear view mirrors market in the upcoming years. The chief OEMs are adding new features in the rear-view mirror with the adoption of smart rear-view mirror so as to remain in the competitive market. OEMs are adding features like navigation, camera monitoring, and infotainment in the case of interior mirrors.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Automotive Rear View Mirrors in 2020.

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