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Automotive Electrically Adjustable Outside Rear View Mirror Market Segmentation by Feature Type (Auto-Dimming, Blind Spot Detection, Power Control, Automatic Folding, Heating Function and Others); By Mounting Location (Door Mounted and Body Mounted); By Vehicle (Passenger Vehicle and Commercial Vehicle); By Product Type (Smart Rear View Mirror and Conventional Rear View Mirror) – Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Rear View Mirror Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Automotive Electrically Adjustable Outside Rear View Mirror Market Overview

Outer Rear View Mirror (ORVM) is used by drivers to see vehicles that are behind/ near or back of their cars while driving. Internally adjustable ORVM means that there will be a manual switch near the window by which the mirror position can be adjusted without moving hands outside to physically adjust it. Electrically adjustable means no physical labor is required as the mirror will be folded electronically especially while turning the cars on/off. With electrical means, mirrors are adjusted with an inside switch attached to driver’s side door.

Rising production of passenger vehicles, light motor vehicles and heavy commercial vehicles is estimated to boost the demand for outer rear view mirror in upcoming years. Additionally, the rising focus on electrical vehicles is anticipated to support the growth of the market. Further, increasing awareness about shared mobility, rising demand for fully autonomous cars, automatic parking, inclination towards comfort and safety features, surging sales of ultra-luxurious vehicles and technological advancements along with growing sales of high-end and mid-segment cars are some of the significant factors that are expected to fuel the growth of the market over the forecast period i.e. 2019-2027.

Market Size & Forecast

Riding on the back of concerns related to the safety of drivers and passengers in case of accidents, the increasing regulations on vehicle safety standards along with high demand for premium vehicles has elevated the demand for rear-view mirrors in the market. Exterior design and larger headrest in the back seats have led to decreased visibility in traditional rear-view mirrors of certain vehicles. Thus, various manufacturers have implemented smart electrical rear-view mirrors in their vehicles to offer better visibility while keeping the intended benefits and functions. These smart devices have a full-screen monitor for clear visibility and are positioned within the existing mirrors, with the potential to switch freely between the two modes, namely mirror and camera mode.CLICK TO DOWNLOAD FREE SAMPLE

automotive electrically adjustable outside rear view mirror market Graph

The automotive electrically adjustable outside rear view mirror market is expected to grow at CAGR of around 7.1% over the forecast period.  

Market Segmentation

Our-in depth analysis of the automotive electrically adjustable outside rear view mirror market includes the following segments:

By Feature type

  • Auto-Dimming
  • Blind Spot Detection
  • Power Control
  • Automatic Folding
  • Heating Function
  • Others

By Mounting Location

  • Door Mounted
  • Body Mounted

By Vehicle

  • Passenger  Vehicle
  • Commercial Vehicle

By Product type

  • Smart Rear-View Mirrors
  • Conventional Rear-View Mirrors

By Region

On the basis of regional platform, the global automotive electrically adjustable ORVM market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The Asia Pacific region is estimated to have the fastest growing market to hold significant market share which can be attributed to increasing production of vehicles in India, China, and Japan. Further, Europe is expected to experience significant growth owing to the presence of prominent luxury car manufacturers such as AUDI, BMW, Porsche, and Volkswagen in the region.

The global automotive electrically adjustable ORVM market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers & Challenges

Safety Concerns Related to Passengers and Drivers

Stringent regulations in order to reduce accidents to minimal number will drive the growth rate of the market. The automotive electrically adjustable ORVM further helps in time saving as it does not require manual adjusting in both the mirrors including passenger side mirror as the driver can conveniently adjust both the mirrors according to the requirement in his sitting position itself.

Growing Demand for Cars in Developing Countries

Economic growth rate in most of the developing and emerging countries is driving the demand for vehicles. Since automotive electrically adjustable ORVM industry is directly related to the industry of automobiles, the market is estimated to grow positively.


Development of Newer Technologies

The development of digital side rear-view mirrors might challenge the growth of the market in upcoming years.

Key Players

  • Ficosa International S.A.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Magna International Inc.
  • Mitsuba Corporation
  • Murakami Corporation
  • Samvardhana Motherson Group
  • SL Corporation
  • Ichikoh Industries
  • Flabeg
  • Shanghai Lvxiang
  • Other Prominent Players

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