According to a new market report published by Lucintel, the future of the global automotive rear view mirror market looks promising with opportunities in the passenger car, light commercial vehicle, heavy commercial vehicle, and two-wheeler segments. The global automotive rear view mirror market is expected to grow with a CAGR of 32% from 2021 to 2026. The major drivers for this market are growing demand for safety systems, demand for automotive rear view mirrors, and safety of drivers and passengers.
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In this market, side rear view mirror and windshield rear view mirror are the two position segments. On the basis of comprehensive research, Lucintel forecasts that side rear view mirror will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to the growing demand for safety systems and increase in number of vehicles.
Within the global automotive rear view mirror market, the passenger car segment is expected to witness the highest growth over the forecast period due to the advanced mirror designs, technology adopted in mirrors of passenger cars, and cars have edge over the mirrors.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to automatic dimming, power controlling, and development of innovative automotive rear view mirrors.
Emerging trends, which have a direct impact on the dynamics of the industry, include technological advancement in safety features, replacement of traditional rear view mirrors in the forms of display and camera, and incorporation of smart mirrors. Magna International Inc., Gentex Corporation, Ficosa Internation SA, SL Corporation, Burco Inc, Valeo SA, Lumax Automotive Systems Ltd., Murakami Corporation, and Ichikoh Industries Ltd. are among the major suppliers of the automotive rear view mirror market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive rear view mirror market by position, vehicle type, distribution channel, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Rear View Mirror Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive rear view mirror market by position, vehicle type, distribution channel, and region, as follows:
By Position [Value ($ Million) from 2015 to 2026]:
Side Rear View Mirror
Windshield Rear View Mirror
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Two-Wheelers
By Distribution Channel [Value ($ Million) from 2015 to 2026]:
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
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