Global Rear-view Mirror are expected to make a significant contribution to the overall industry, with an estimated market to reach USD14.97 Billion by 2028.

According to a lead Analyst "Magna International, Samvardhana Motherson Reflectec, Ficosa International S.A., Gentex Corporation, and Murakami Corporation are the giant players which are associated with the rear-view mirror manufacturing. The market is so competitive and among the players are adopting various organic and inorganic strategies to gain leading share in the market. Some of the leading players are launching the digital rear vision technologies to cater the innovative products to the industry.". Buoyed by strong demand and sales, industry profit margins have increased considerably during past few years.

According to the report, some of the important driving forces behind the market growth are “Increasing Awareness about Vehicle and Passenger Safety and Rising Demand for Premium Segment Vehicles”. The primary concern of any business is the reduction of the overall operating cost. The increased need for operating efficiency and meeting regulatory demands at the same time have become major challenges for the original Vendors, additional restraints impacting market are “High Replacement Cost of Smart Rear-View Mirror” which is continuously seeking attention of Industry Experts and Decision makers.

The Rear-view Mirror Ecosystem: 2022-2028 Opportunities, Challenges, Strategies, Industry Verticals & Forecasts report presents an in-depth assessment of the Rear-view Mirror market including latest technologies & innovation, key trends, market drivers, challenges, vertical & market applications along with deployment case studies, regulatory landscape, future roadmap and strategies, value chain and player profiles. The report also presents market size forecasts from 2022 till 2028. The forecasts are segmented by Type (Exterior Rear-view Mirror and Interior Rear-view Mirror) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Data Sources & Methodology

The primary sources involves the industry experts from the Rear-view Mirror Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.