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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 31%-33% 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.
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.
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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]:
OEM
Aftermarket
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
APAC
China
India
Japan
ROW
Middle East
Brazil
Some of the automotive Rear View Mirror companies profiled in this report include Magna International Inc., Gentex Corporation, Ficosa Internationl SA, SL Corporation, Burco Inc, Valeo SA, Lumax Automotive Systems Ltd., Murakami Corporation and Ichikoh Industries Ltd.
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.