Global Rear View Mirror Market Price 2024, Forecast To 2033
23 Feb, 2024
The rear-view mirror market has witnessed robust growth, expanding from $8.85 billion in 2023 to $9.39 billion in 2024, with a 6.1% CAGR. This surge is attributed to early safety concerns, increased traffic density, regulatory mirror requirements, material advancements, and automotive design evolution. Anticipating strong growth, the market is projected to reach $12 billion by 2028, boasting a 6.3% CAGR. Factors contributing to this growth include the automotive market's expansion in emerging economies, continued focus on safety, smart mirror adoption, and integration with autonomous technologies.
Global Rear View Mirror Market Key Driver
The rear-view mirror market is growing with the increasing number of vehicles, reflecting a 5.7% growth in global motor vehicle production in 2022 (Source: European Automobile Manufacturers' Association, National Automobile Dealers Association).
Get A Free Sample Of The Global Rear View Mirror Market ReportGlobal Rear View Mirror Market Segments
The rear-view mirror market covered in this report is segmented –
1)By Product Type: Smart Rear-View Mirror, Conventional Rear-View Mirror
2)By Mounting Location: Door Mounted, Body Mounted
3)By Mirror Type: Exterior Mirror, Interior Mirror
4)By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
5)By Feature: Auto dimming, Blind spot detection, Power Control, Automatic Foldable, Heated, Other Features
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the rear-view mirror market in 2023. The regions covered in the rear-view mirror market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Rear View Mirror Industry Players
Continental AG; FLABEG Holding GmbH; Gentex Corporation; Magna International Inc.; Ishizaki Honten Company Limited; Mitsuba Corporation; Ficosa Internacional SA; SL Corporation; Samvardhana Motherson Group; Valeo SA; Ichikoh Industries Ltd.; Burco Inc.; Sichuan Skay View; Honda Lock Mfg Co. Ltd.; Tokairica Co Ltd.; Samvardhana Motherson Reflectec; Murakami Corporation; Murakami Kaimeido Co. Ltd.; Mekra Lang GmbH & Co KG; Lumax Industries Limited; Flabeg Automotive Holding GmbH; Magneti Marelli SpA; Kappa Optronics GmbH; FS Fehrer Automotive GmbH; Changchun Fawsn Group Co Ltd.; Changzhou Huawei Automotive Trim Co Ltd.; Changzhou Xingyu Automotive Lighting Systems Co Ltd.; Fuyao Glass Group Co Ltd.; Nippon Sheet Glass Co Ltd.; Asahi Glass Co Ltd.; Compagnie de Saint-Gobain SA; Xinyi Glass Holdings Limited
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Rear View Mirror Market Overview
A rear-view mirror is a small, angled mirror and is one of the most important active safety features in a car. It allows the driver to see behind the car by using the backlight of the car. The rear-view mirror is used by drivers to ensure safety on the roads.
Rear View Mirror Global Market Report 2023 provides data on the global rear view mirror market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The rear view mirror market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.