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Market Snapshot

CAGR:9.39

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	9.39

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Report Overview

Automotive Outside Rearview Mirrors Market Analysis Report 2023-2032

The Automotive Outside Rearview Mirrors Market is poised to experience a Compound Annual Growth Rate (CAGR) of 6.95% between 2022 and 2032. Over this period, the market size is expected to witness a substantial increase of USD 3,440.2 million. The growth of this market is driven by a combination of factors, including technological advancements, increased emphasis on vehicle safety, and the demand for innovative and sustainable mirror solutions. This market encompasses a range of mirrors used in the automotive sector.

Automotive Outside Rearview Mirrors Market Overview

Drivers

One of the primary drivers behind the growth of the Automotive Outside Rearview Mirrors Market is the continual technological advancements in mirror design. These mirrors are evolving to include features such as blind-spot detection, auto-dimming, and integrated cameras for improved safety and convenience. Consumers and automotive manufacturers are increasingly seeking these advanced mirror systems.

Additionally, there is a growing emphasis on vehicle safety, with governments worldwide implementing safety regulations. Outside rearview mirrors are a crucial component for driver visibility and safety. This regulatory focus on safety standards contributes to the growth of the market.

Trends

A significant trend in the Automotive Outside Rearview Mirrors Market is the integration of smart technologies into mirror systems. These technologies include features like adaptive cruise control, lane-keeping assist, and augmented reality displays. Such advanced functionalities not only enhance driver safety but also offer an improved driving experience.

Moreover, there is a trend toward sleeker and more aerodynamic mirror designs. These designs not only improve the aesthetics of vehicles but also contribute to better fuel efficiency by reducing wind resistance.

Restraints

One of the key challenges facing the Automotive Outside Rearview Mirrors Market is the cost associated with advanced mirror technologies. Smart mirrors and those with integrated camera systems can be more expensive to manufacture and replace. This can be a restraint for manufacturers and consumers alike.

Moreover, the regulatory standards for mirrors can vary from one region to another. Adhering to these diverse standards can be challenging for mirror manufacturers, affecting market growth.

Automotive Outside Rearview Mirrors Market Segmentation By Mirror Type

The Automotive Outside Rearview Mirrors Market includes various mirror types:

Conventional Mirrors: Traditional reflective mirrors.
Smart Mirrors: Mirrors with integrated technologies like blind-spot detection and auto-dimming.
Camera Mirrors: Mirrors with built-in cameras for improved visibility.

Automotive Outside Rearview Mirrors Market Segmentation By Feature

Mirrors come with a range of features:

Blind-Spot Detection
Auto-Dimming
Integrated Cameras
Heated Mirrors

Regional Overview:

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The Asia-Pacific (APAC) region is expected to play a significant role in the global Automotive Outside Rearview Mirrors Market. The growing automotive industry, particularly in countries like China and India, is driving the demand for innovative mirror solutions. In addition, the adoption of safety features is on the rise in this region, further fueling market growth.

The market experienced some disruption during the COVID-19 pandemic, affecting the automotive sector. However, as economies recover, the market is expected to rebound, with consumers and manufacturers continuing to focus on safety and innovative mirror technologies.

Automotive Outside Rearview Mirrors Market Customer Landscape

The Automotive Outside Rearview Mirrors Market report provides insights into customer preferences and the adoption of various mirror features. Consumers are increasingly seeking mirrors with advanced safety features, which impact their purchasing decisions. Understanding these preferences is essential for mirror manufacturers and automotive companies.

Major Automotive Outside Rearview Mirrors Market Companies

Prominent players in the Automotive Outside Rearview Mirrors Market are engaged in research and development to introduce innovative mirror solutions. These companies may also explore partnerships and technological advancements to remain competitive.

Sample list of major companies in the market:

Magna International Inc.
Gentex Corporation
Ficosa International S.A.
Samvardhana Motherson Reflectec
Murakami Corporation

Qualitative and quantitative analyses of these companies provide insights into the competitive landscape. This analysis helps stakeholders understand market dynamics and assess the strengths and weaknesses of key players.

Segment Overview

The Automotive Outside Rearview Mirrors Market report provides revenue forecasts on a global, regional, and country level. It also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Mirror Type Outlook (USD Million, 2019 - 2032)

Conventional Mirrors
Smart Mirrors
Camera Mirrors

Feature Outlook (USD Million, 2019 - 2032)

Blind-Spot Detection
Auto-Dimming
Integrated Cameras
Heated Mirrors

Geography Outlook (USD Million, 2019 - 2032)

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

APAC

China
Japan
India
Rest of APAC

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Automotive Outside Rearview Mirrors MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Automotive Outside Rearview Mirrors MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Automotive Outside Rearview Mirrors Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Automotive Outside Rearview Mirrors MARKET BY Vehicle type landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Passenger Car

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Commercial Vehicle

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Automotive Outside Rearview Mirrors MARKET BY Powertrain type INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 ICE

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Electric

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Automotive Outside Rearview Mirrors MARKET REGIONAL OUTLOOK

7.1. Automotive Outside Rearview Mirrors Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Automotive Outside Rearview Mirrors Market Estimates And Forecast, 2016 – 2027 (USD Million)

7.2.2. North America Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Automotive Outside Rearview Mirrors Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Automotive Outside Rearview Mirrors Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Automotive Outside Rearview Mirrors Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Automotive Outside Rearview Mirrors Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Automotive Outside Rearview Mirrors Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Automotive Outside Rearview Mirrors Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Automotive Outside Rearview Mirrors Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Automotive Outside Rearview Mirrors Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Automotive Outside Rearview Mirrors Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Automotive Outside Rearview Mirrors Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Automotive Outside Rearview Mirrors Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Automotive Outside Rearview Mirrors Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Automotive Outside Rearview Mirrors Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Automotive Outside Rearview Mirrors Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Automotive Outside Rearview Mirrors Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Gentex Corporation

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Samvardhana Motherson Reflectec

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Magna International

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Ficosa International SA

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Murakami Corporation

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Automotive Outside Rearview Mirrors Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032