AUTOMOTIVE & TRANSPORTATION
Global Automotive Rear-View Mirror Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Automotive Rear-View Mirror Market, By Type (Interior Mirror and Exterior Mirror), Mounting Position (Body and Door), Product (Conventional Rear-view Mirror, Smart Rear-view Mirror), Features Analysis (Power Controlled, Blind Spot Detection, Auto Foldable, Auto Dimming, Heating function, Turn Signal Indicator, Others), Sales Channel (OEM and Aftermarket), Application (Passenger Cars and Commercial Vehicles) Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global automotive rear-view mirror market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
An automotive rear-view mirror is a mounted device that lets drivers see what's behind their car. It is usually installed on the windshield or fastened to the top of the car. It is essential for maintaining safety since it makes it easier to navigate and change lanes by giving a view of oncoming traffic, pedestrians, and other things behind the car. The automotive rear-view mirror market includes the manufacturing, distribution, and sale of several types of mirrors, including manual and automated, conventional and digital, and integrated mirrors with modern technologies such as camera systems and sensors. This market includes developments that are meant to increase visibility, improve driving safety, and integrate with other car technologies.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Growing vehicle production and sales globally.
- Rising consumer preference for safety and convenience features.
RESTRAINTS
- High cost of advanced rear-view mirror systems.
- Technical challenges in integrating new technologies.
OPPORTUNITIES
- Expansion of automotive markets in emerging economies.
- Development of innovative, feature-rich rear-view mirrors.
CHALLENGES
- Rapid technological changes and need for constant innovation.
- Regulatory requirements and compliance issues.
SEGMENTATION
- Type
- Interior Mirror
- Exterior Mirror
- Mounting Position
- Body
- Door
- Product
- Conventional Rear-view Mirror
- Smart Rear-view Mirror
- Features Analysis
- Power Controlled
- Blind Spot Detection
- Auto Foldable
- Auto Dimming
- Heating function
- Turn Signal Indicator
- Others
- Sales Channel
- OEM
- Aftermarket
- Application
- Passenger Cars
- Commercial Vehicles
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Burco Inc.
- Continental AG
- FLABEG Automotive Glass Group GmbH
- Gentex Corp.
- Holitech Technology Co. Ltd.
- Konview Electronics Corp. Ltd.
- Lumax Industries Ltd
- Magna International Inc.
- MEKRA Lang GmbH and Co. KG
- Murakami Corp.
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Automotive Rear-View Mirror Market, by Type
- 3.2 Global Automotive Rear-View Mirror Market, by Mounting Position
- 3.3 Global Automotive Rear-View Mirror Market, by Product
- 3.4 Global Automotive Rear-View Mirror Market, by Features Analysis
- 3.5 Global Automotive Rear-View Mirror Market, by Sales Channel
- 3.6 Global Automotive Rear-View Mirror Market, by Application
- 3.7 Global Automotive Rear-View Mirror Market, by Geography
- 3.8 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Increasing adoption of advanced driver assistance systems (ADAS).
- 5.1.2 Rising integration of cameras and sensors for enhanced safety.
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Growing vehicle production and sales globally.
- 5.2.2 Rising consumer preference for safety and convenience features.
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High cost of advanced rear-view mirror systems.
- 5.3.2 Technical challenges in integrating new technologies.
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Expansion of automotive markets in emerging economies.
- 5.4.2 Development of innovative, feature-rich rear-view mirrors.
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Rapid technological changes and need for constant innovation.
- 5.5.2 Regulatory requirements and compliance issues.
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL AUTOMOTIVE REAR-VIEW MIRROR MARKET, BY TYPE
- 6.1 Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Automotive Rear-View Mirror Market, by Type (2019-2032)
- SECTION 7 - GLOBAL AUTOMOTIVE REAR-VIEW MIRROR MARKET, BY MOUNTING POSITION
- 7.1 Mounting Position Summary
- 7.2 Market Attractive Index
- 7.3 Global Automotive Rear-View Mirror Market, by Mounting Position (2019-2032)
- SECTION 8 - GLOBAL AUTOMOTIVE REAR-VIEW MIRROR MARKET, BY PRODUCT
- 8.1 Product Summary
- 8.2 Market Attractive Index
- 8.3 Global Automotive Rear-View Mirror Market, by Product (2019-2032)
- SECTION 9 - GLOBAL AUTOMOTIVE REAR-VIEW MIRROR MARKET, BY FEATURES ANALYSIS
- 9.1 Features Analysis Summary
- 9.2 Market Attractive Index
- 9.3 Global Automotive Rear-View Mirror Market, by Features Analysis (2019-2032)
- SECTION 10 - GLOBAL AUTOMOTIVE REAR-VIEW MIRROR MARKET, BY SALES CHANNEL
- 10.1 Sales Channel Summary
- 10.2 Market Attractive Index
- 10.3 Global Automotive Rear-View Mirror Market, by Sales Channel (2019-2032)
- SECTION 11 - GLOBAL AUTOMOTIVE REAR-VIEW MIRROR MARKET, BY APPLICATION
- 11.1 Application Summary
- 11.2 Market Attractive Index
- 11.3 Global Automotive Rear-View Mirror Market, by Application (2019-2032)
- SECTION 12 - GLOBAL AUTOMOTIVE REAR-VIEW MIRROR MARKET, BY GEOGRAPHY
- 12.1 Regional Summary
- 12.2 Market Attractive Index
- 12.3 Global Automotive Rear-View Mirror Market, by Geography (2019-2032)
- SECTION 13 - NORTH AMERICA AUTOMOTIVE REAR-VIEW MIRROR MARKET
- 13.1 North America Summary
- 13.2 Market Attractive Index
- 13.3 North America Automotive Rear-View Mirror Market, by Type (2019-2032)
- 13.4 North America Automotive Rear-View Mirror Market, by Mounting Position (2019-2032)
- 13.5 North America Automotive Rear-View Mirror Market, by Product (2019-2032)
- 13.6 North America Automotive Rear-View Mirror Market, by Features Analysis (2019-2032)
- 13.7 North America Automotive Rear-View Mirror Market, by Sales Channel (2019-2032)
- 13.8 North America Automotive Rear-View Mirror Market, by Application (2019-2032)
- 13.9 North America Automotive Rear-View Mirror Market, by Country (2019-2032)
- 13.9.1 U.S.
- 13.9.2 Canada
- 13.9.3 Mexico
- 13.9.4 Rest of North America
- SECTION 14 - EUROPE AUTOMOTIVE REAR-VIEW MIRROR MARKET
- 14.1 Europe Summary
- 14.2 Market Attractive Index
- 14.3 Europe Automotive Rear-View Mirror Market, by Type (2019-2032)
- 14.4 Europe Automotive Rear-View Mirror Market, by Mounting Position (2019-2032)
- 14.5 Europe Automotive Rear-View Mirror Market, by Product (2019-2032)
- 14.6 Europe Automotive Rear-View Mirror Market, by Features Analysis (2019-2032)
- 14.7 Europe Automotive Rear-View Mirror Market, by Sales Channel (2019-2032)
- 14.8 Europe Automotive Rear-View Mirror Market, by Application (2019-2032)
- 14.9 Europe Automotive Rear-View Mirror Market, by Country (2019-2032)
- 14.9.1 Germany
- 14.9.2 U.K.
- 14.9.3 France
- 14.9.4 Italy
- 14.9.5 Spain
- 14.9.6 Russia
- 14.9.7 The Netherlands
- 14.9.8 Belgium
- 14.9.9 Turkey
- 14.9.10 Rest of Europe
- SECTION 15 - ASIA-PACIFIC AUTOMOTIVE REAR-VIEW MIRROR MARKET
- 15.1 Asia-Pacific Summary
- 15.2 Market Attractive Index
- 15.3 Asia-Pacific Automotive Rear-View Mirror Market, by Type (2019-2032)
- 15.4 Asia-Pacific Automotive Rear-View Mirror Market, by Mounting Position (2019-2032)
- 15.5 Asia-Pacific Automotive Rear-View Mirror Market, by Product (2019-2032)
- 15.6 Asia-Pacific Automotive Rear-View Mirror Market, by Features Analysis (2019-2032)
- 15.7 Asia-Pacific Automotive Rear-View Mirror Market, by Sales Channel (2019-2032)
- 15.8 Asia-Pacific Automotive Rear-View Mirror Market, by Application (2019-2032)
- 15.9 Asia-Pacific Automotive Rear-View Mirror Market, by Country (2019-2032)
- 15.9.1 China
- 15.9.2 India
- 15.9.3 Japan
- 15.9.4 South Korea
- 15.9.5 Singapore
- 15.9.6 Malaysia
- 15.9.7 Australia
- 15.9.8 Thailand
- 15.9.9 Philippines
- 15.9.10 Rest of Asia-Pacific
- SECTION 16 - SOUTH AMERICA AUTOMOTIVE REAR-VIEW MIRROR MARKET
- 16.1 South America Summary
- 16.2 Market Attractive Index
- 16.3 South America Automotive Rear-View Mirror Market, by Type (2019-2032)
- 16.4 South America Automotive Rear-View Mirror Market, by Mounting Position (2019-2032)
- 16.5 South America Automotive Rear-View Mirror Market, by Product (2019-2032)
- 16.6 South America Automotive Rear-View Mirror Market, by Features Analysis (2019-2032)
- 16.7 South America Automotive Rear-View Mirror Market, by Sales Channel (2019-2032)
- 16.8 South America Automotive Rear-View Mirror Market, by Application (2019-2032)
- 16.9 South America Automotive Rear-View Mirror Market, by Country (2019-2032)
- 16.9.1 Brazil
- 16.9.2 Argentina
- 16.9.3 Chile
- 16.9.4 Colombia
- 16.9.5 Rest of South America
- SECTION 17 - MIDDLE EAST AND AFRICA AUTOMOTIVE REAR-VIEW MIRROR MARKET
- 17.1 Middle East and Africa Summary
- 17.2 Market Attractive Index
- 17.3 Middle East and Africa Automotive Rear-View Mirror Market, by Type (2019-2032)
- 17.4 Middle East and Africa Automotive Rear-View Mirror Market, by Mounting Position (2019-2032)
- 17.5 Middle East and Africa Automotive Rear-View Mirror Market, by Product (2019-2032)
- 17.6 Middle East and Africa Automotive Rear-View Mirror Market, by Features Analysis (2019-2032)
- 17.7 Middle East and Africa Automotive Rear-View Mirror Market, by Sales Channel (2019-2032)
- 17.8 Middle East and Africa Automotive Rear-View Mirror Market, by Application (2019-2032)
- 17.9 Middle East and Africa Automotive Rear-View Mirror Market, by Country (2019-2032)
- 17.9.1 Kingdom of Saudi Arabia
- 17.9.2 South Africa
- 17.9.3 U.A.E.
- 17.9.4 Egypt
- 17.9.5 Rest of Middle East and Africa
- SECTION 18 - COMPANY SHARE ANALYSIS
- 18.1 Global Automotive Rear-View Mirror Market, Company Share Analysis
- 18.2 North America Automotive Rear-View Mirror Market, Company Share Analysis
- 18.3 Europe Automotive Rear-View Mirror Market, Company Share Analysis
- 18.4 Asia-Pacific Automotive Rear-View Mirror Market, Company Share Analysis
- SECTION 19 - COMPANY PROFILES
- 19.1 Burco Inc.
- 19.1.1 Company Snapshot
- 19.1.2 Financial Overview
- 19.1.3 Product Portfolio
- 19.1.4 Recent Developments
- 19.2 Continental AG
- 19.2.1 Company Snapshot
- 19.2.2 Financial Overview
- 19.2.3 Product Portfolio
- 19.2.4 Recent Developments
- 19.3 FLABEG Automotive Glass Group GmbH
- 19.3.1 Company Snapshot
- 19.3.2 Financial Overview
- 19.3.3 Product Portfolio
- 19.3.4 Recent Developments
- 19.4 Gentex Corp.
- 19.4.1 Company Snapshot
- 19.4.2 Financial Overview
- 19.4.3 Product Portfolio
- 19.4.4 Recent Developments
- 19.5 Holitech Technology Co. Ltd.
- 19.5.1 Company Snapshot
- 19.5.2 Financial Overview
- 19.5.3 Product Portfolio
- 19.5.4 Recent Developments
- 19.6 Konview Electronics Corp. Ltd.
- 19.6.1 Company Snapshot
- 19.6.2 Financial Overview
- 19.6.3 Product Portfolio
- 19.6.4 Recent Developments
- 19.7 Lumax Industries Ltd
- 19.7.1 Company Snapshot
- 19.7.2 Financial Overview
- 19.7.3 Product Portfolio
- 19.7.4 Recent Developments
- 19.8 Magna International Inc.
- 19.8.1 Company Snapshot
- 19.8.2 Financial Overview
- 19.8.3 Product Portfolio
- 19.8.4 Recent Developments
- 19.9 MEKRA Lang GmbH and Co. KG
- 19.9.1 Company Snapshot
- 19.9.2 Financial Overview
- 19.9.3 Product Portfolio
- 19.9.4 Recent Developments
- 19.10 Murakami Corp.
- 19.10.1 Company Snapshot
- 19.10.2 Financial Overview
- 19.10.3 Product Portfolio
- 19.10.4 Recent Developments
- SECTION 20 - RELATED REPORTS
- SECTION 21 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.