Market Snapshot:
A rear-view mirror is a type of convex mirror specially designed to allow the driver to see towards the back through the vehicles rear windshield (rear window). It is mostly used in automobiles and other vehicles. In cars, the rear-view mirror is usually fixed to the top of the windshield on a double-swivel mount allowing it to be adjusted to outfit the viewing angle and height of the driver. The rear-view mirror is augmented by one or more side-view mirrors, which assist as the only rear-view mirrors on bicycles and motorcycles.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | Asia-Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | Gentex Corporation (United States), Samvardhana Motherson Reflectec (Jersey), Magna International, Inc. (Canada), Ficosa International SA (Spain), Continental AG (Germany), Murakami Corporation (Japan), Ichikoh Industries, Ltd. (Japan), Mitsuba Corporation (Japan), Tokai Rika Co., Ltd. (Japan) and Mobvoi, Inc. (China) |
CAGR | 5.8% |
Segment Analysis
AMA Research have segmented the market of Global Rear-view Mirror market by Type, Application and Region. On the basis of Type, Exterior Rear-View Mirror are dominating the market in the year 2022 where as Interior Rear-View Mirror stood as second largest market share.
On the basis of geography, the market of Rear-view Mirror has been segmented into 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). Asia-Pacific region held largest market share in the year 2022.
Market Trend
The Trend of Integrating Additional Features in Automotive Mirrors
Market Drivers
Increasing Awareness about Vehicle and Passenger Safety and Rising Demand for Premium Segment Vehicles
Opportunities
Integration of Infotainment and Navigation Applications
Restraints
- High Replacement Cost of Smart Rear-View Mirror
In addition to the aforementioned factor, Increasing Awareness about Vehicle and Passenger Safety
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
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.
The key Vendors profiled in the study are Gentex Corporation (United States), Samvardhana Motherson Reflectec (Jersey), Magna International, Inc. (Canada), Ficosa International SA (Spain), Continental AG (Germany), Murakami Corporation (Japan), Ichikoh Industries, Ltd. (Japan), Mitsuba Corporation (Japan), Tokai Rika Co., Ltd. (Japan) and Mobvoi, Inc. (China). A lot of Japan players are profiled in the research study indicating a strong market dependence.