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Automotive Rear View Mirror Market size to grow by USD 3.49 billion from 2022 to 2027, The market is fragmented due to the presence of prominent companies like Burco Inc., Continental AG and FLABEG Automotive Glass Group GmbH, and many more – Technavio


NEW YORK, Nov. 14, 2023 /PRNewswire/ — The automotive rear view mirror market is estimated to grow by USD 3.49 billion from 2022 to 2027, growing at a CAGR of 6.02%. The automotive rear view mirror market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer automotive rear view mirror market are 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., OmniVision Technologies Inc., Panasonic Holdings Corp., Sakae Riken Kogyo Co. Ltd., Shenzhen Germid Co. Ltd, SL Corp., SMR Deutschland GmbH, Tata Sons Pvt. Ltd., Tokai Rika Co. Ltd, Valeo SA, and VOXX International Corp. The report provides a full list of key companies, their strategies, and the latest developments. Download Sample before buying


Technavio has announced its latest market research report titled Global Automotive Rear View mirror Market 2023-2027


Company Offering:

  • Burco Inc – The company offers automotive rearview mirrors such as Breakaway Wedge, and Camlock mount.
  • Continental AG – The company offers automotive rear view mirrors such as ProViu Mirror.
  • FLABEG Automotive Glass Group GmbH – The company offers automotive rear view mirrors such as Automotive glass interior mirrors.
  • For details on companies and their offerings – Buy the report!

By Geography, the market is classified as APAC, Europe, North America, South America, and Middle East and Africa.

  • APAC is estimated to contribute 55% to the growth of the global market during the forecast period. The Asia Pacific region continues to grow rapidly in the world’s automotive interior rearview camera market, which further positions it as a key industry player. This growth is due in large part to the fact that there are high passenger car penetration rates in countries such as China, India, South Korea, and Japan. In addition, the growing demand for improved mirrors such as automingdims, power fold side view glasses, and mirrors with indicators that will stimulate revenue growth in this region can also be attributed to a change in consumers’ preferences from mileage to aesthetics and premium features.

Download a sample report to get more insights on the market share of various regions and the contribution of the segments.

  • Impactful driver- Growing popularity of premium sport utility vehicles (SUVs)
  • Key Trend – Integration of different technologies in automotive mirror
  • Major Challenges – Reliability issue with auto-dimming mirrors

 Market Segmentation

  • By Vehicle Type, the market is classified into passenger vehicles and commercial vehicles. The market share growth by the passenger vehicle segment will be significant during the forecast period. The acceptance of a variety of advanced vehicle technologies is driven by growing customer demand for comfort and safety features in passenger vehicles. The integration of new technologies that improve comfort, convenience, and safety has also accelerated as vehicle components have been rapidly electrified. 

Technavio Research experts have provided more insights on the market share of segments – View Sample Report

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Automotive Rear View Mirror Market Scope

Report Coverage

Details

Historic period

2017-2021

Growth momentum & CAGR

Accelerate at a CAGR of 6.02%

YoY growth 2022-2023 (%)

5.32

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Key countries

US, China, India, Japan, and Germany

TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Vehicle Type

7 Market Segmentation by Product Placement

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base comprises enterprises of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact US:

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com

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