Automotive Rear View Mirrors Market
Automotive Rear View Mirrors Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0561
Segments Covered
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
Passenger Vehicles, Commercial Vehicles
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
12.54 Billion |
 Revenue 2028:
|
16.74 Billion |
 Revenue CAGR
(2021 - 2028): |
5.50% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the market based on various segments such as Type, Features and region. This study comprises the market size in terms of revenue for each segment at the global/regional/country level along with a detailed analysis of growth prospects, challenges, and opportunities.
On the basis of Type, the market is divided into Exterior Rear-view Mirror, Interior Rear-view Mirror. Exterior Rear-view Mirror is expected to dominate the market and is projected to grow at a noteworthy CAGR within the forecast period.
Based on Features, the market is divided into Auto Dimming,Blind Spot Detection,Power Control, Automatic Foldable, Heated, Turn Signal Indicator, Others. Blind Spot Detection attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Automotive Rear View Mirrors Market: Type Segment Analysis
-
- Exterior Rear-view Mirror
- Interior Rear-view Mirror
Global Automotive Rear View Mirrors Market: Features Segment Analysis
-
- Auto Dimming
- Blind Spot Detection
- Power Control
- Automatic Foldable
- Heated
- Turn Signal Indicator
- Others
Global Automotive Rear View Mirrors Market: Product Segment Analysis
-
- Conventional Rear-view Mirror
- Smart Rear-view Mirror
Global Automotive Rear View Mirrors Market: Segment Analysis
-
- Passenger Vehicles
- Commercial Vehicles
FAQ
Frequently Asked Question
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.
