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Rear-view Mirror Market Size, Share & Trends Analysis Report by Feature Type, by Mounting Location, by Product Type, by Type, by Vehicle Type (Passenger Cars, Commercial Vehicles), by Region, and Segment Forecasts, 2021 - 2028

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    Report

  • 110 Pages
  • November 2021
  • Region: Global
  • Grand View Research
  • ID: 4582052

The global rear-view mirror market size is expected to reach USD 11.51 billion by 2028, expanding at a CAGR of 4.1% from 2021 to 2028. The COVID-19 pandemic has negatively impacted the demand for rear-view mirrors in 2020. The implementation of lockdowns and social distancing norms globally led to losses in the automotive industry. However, as governments begin to gradually relax lockdown norms and allow businesses to operate with mandates of social distancing, the market can expect a period of respite for the short term. Moreover, the increasing demand for luxury vehicles, coupled with the growing demand for enhanced comfort, is anticipated to drive market growth. Automotive OEMs are focused on integrating advanced safety features in rear-view mirrors to improve visibility and reduce accidents. The rapid rate of advancements in product features is anticipated to work in favor of market growth.



The rising demand for luxury vehicles, thanks to the increased spending capacity of consumers, especially in developing economies such as China and India, is also driving the market. According to the China Automobile Dealers Association, luxury car dealers sold 277,000 units in April 2020, an increase of 11.1% compared to the same time in 2019. Furthermore, the introduction of an increasing number of luxury Sport Utility Vehicles (SUVs) is also expected to help the market expand at a promising pace over the forecast period.

The COVID-19 outbreak has had a severe and swift impact on the global automotive industry. The overall automotive production volumes declined globally on a year-on-year basis, mainly due to the decrease in production volumes in North America and Europe, among other regions. According to Organisation Internationale des Constructeursd' Automobiles (OICA), global automobile production dropped by more than 15% in 2020 as compared to 2019 to 77.6 million units.

The Asia Pacific regional market captured around 50% of the overall rear-view mirror demand in 2020 and is estimated to register the highest CAGR of 4.5% over the forecast period. The increasing awareness about technological advancements and the increasing spending capacity of customers are working in favor of the region’s automotive industry. Furthermore, the increase in demand for luxury vehicles in India and the easy availability of new and replacement automotive parts are also driving the market in the region. Moreover, the Make In India campaign is expected to draw substantial investment in the country’s automotive sector, which boasts benefits such as low-cost labor and cheaper raw materials.


Rear-view Mirror Market Report Highlights

  • In terms of feature type, the heating function segment emerged as a dominant segment in 2020. The segment is anticipated to exceed USD 5 billion by the end of the forecast period
  • The door-mounted segment emerged as the largest segment in 2020 and is estimated to continue its dominance over the forecast period
  • The smart rear-view mirror segment accounted for over 70% of the overall revenue share in 2020. The segment is projected to record the highest CAGR from 2021 to 2028
  • In terms of type, the interior mirror segment is estimated to expand at the highest CAGR of around 3% over the forecast period. This can be attributed to an anticipated increase in sales of high-end premium vehicles and other passenger vehicles such as SUVs
  • In terms of vehicle type, the passenger car segment is estimated to register the highest CAGR of 4.2% from 2021 to 2028
  • The Asia Pacific market held the largest market share in 2020. This can be attributed to the increasing production of vehicles in India, China, and Japan


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Frequently Asked Questions about the Global Rear-view Mirror Market

What is the estimated value of the Global Rear-view Mirror Market?

The Global Rear-view Mirror Market was estimated to be valued at $8.66 Billion in 2021.

What is the growth rate of the Global Rear-view Mirror Market?

The growth rate of the Global Rear-view Mirror Market is 4.1%, with an estimated value of $11.51 Billion by 2028.

What is the forecasted size of the Global Rear-view Mirror Market?

The Global Rear-view Mirror Market is estimated to be worth $11.51 Billion by 2028.

Who are the key companies in the Global Rear-view Mirror Market?

Key companies in the Global Rear-view Mirror Market include Continental Ag, Ficosa Internacional Sa, Gentex Corporation, Ishizaki Honten Company, Limited, Magna International Inc., Mitsuba Corporation, Murakami Corporation, Sl Corporation and Valeo.

Table of Contents

Chapter 1. Methodology & Scope
1.1 Market Segmentationv& Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 The Publisher's Internal Database
1.3.3 Secondary Sources & Third Party Perspectives
1.3.4 Primary Research
1.4 Information Analysis
1.5 Market Formulation & Data Visualization
1.6 Data Validating & Publishing
Chapter 2. Executive Summary
2.1 Market Outlook
Chapter 3. Market Variables, Trends, & Scope
3.1 Penetration and Growth Prospect Mapping
3.2 Rear-View Mirror - Value Chain Analysis
3.3 Rear-View Mirror Market Dynamics
3.3.1 Market Drivers Analysis
3.3.2 Market Restraint Analysis
3.4 Rear-View Mirror Industry Analysis - Pestle
3.5 Rear-View Mirror Industry Analysis - Porter's
Chapter 4. Rear-View Mirror Market: Feature Type Estimates & Trend Analysis
4.1 Feature Type Movement Analysis & Market Share, 2020 & 2028
4.2 Market Size & Forecasts and Trends Analysis, 2016 to 2028 for the Following:
4.2.1 Auto-Dimming
4.2.2 Blind Spot Detection
4.2.3 Power Control
4.2.4 Automatic Folding
4.2.5 Heating Function
4.2.6 Others
Chapter 5. Rear-View Mirror Market: Mounting Location Estimates & Trend Analysis
5.1 Mounting Location Movement Analysis & Market Share, 2020 & 2028
5.2 Market Size & Forecasts and Trends Analysis, 2016 to 2028 for the Following:
5.2.1 Door Mounted
5.2.2 Body Mounted
Chapter 6. Rear-View Mirror Market: Product Type Estimates & Trend Analysis
6.1 Product Type Movement Analysis & Market Share, 2020 & 2028
6.2 Market Size & Forecasts and Trends Analysis, 2016 to 2028 for the Following:
6.2.1 Smart Rear-View Mirror
6.2.2 Conventional Rear-View Mirror
Chapter 7. Rear-View Mirror Market: Type Estimates & Trend Analysis
7.1 Type Movement Analysis& Market Share, 2020 & 2028
7.2 Market Size & Forecasts and Trends Analysis, 2016 to 2028 for the Following:
7.2.1 Exterior Mirror
7.2.2 Interior Mirror
Chapter 8. Rear-View Mirror Market: Vehicle Type Estimates & Trend Analysis
8.1 Vehicle Type Movement Analysis & Market Share, 2020 & 2028
8.2 Market Size & Forecasts and Trends Analysis, 2016 to 2028 for the Following:
8.2.1 Passenger Car
8.2.2 Commercial Vehicles
Chapter 9. Rear-View Mirror Market: Regional Estimates & Trend Analysis
9.1 Regional Movement Analysis & Market Share, 2020 & 2028
9.2 Market Size & Forecasts and Trends Analysis, 2016 to 2028 for the Following:
9.2.1 North America
9.2.1.1 U.S.
9.2.1.2 Canada
9.2.2 Europe
9.2.2.1 Germany
9.2.2.2 U.K.
9.2.3 Asia-Pacific
9.2.3.1 China
9.2.3.2 Japan
9.2.3.3 India
9.2.4 Latin America
9.2.4.1 Brazil
9.2.4.2 Mexico
9.2.5 Middle East and Africa


Chapter 10. Competitive Landscape
10.1 Key Company Analysis, 2020
10.2 Company Profiles
10.2.1 Continental Ag
10.2.1.1 Company Overview
10.2.1.2 Financial Performance
10.2.1.3 Product Benchmarking
10.2.1.4 Strategic Initiatives
10.2.2 Ficosa Internacional Sa
10.2.2.1 Company Overview
10.2.2.2 Financial Performance
10.2.2.3 Product Benchmarking
10.2.2.4 Strategic Initiatives
10.2.3 Gentex Corporation
10.2.3.1 Company Overview
10.2.3.2 Financial Performance
10.2.3.3 Product Benchmarking
10.2.3.4 Strategic Initiatives
10.2.4 Ishizaki Honten Company, Limited
10.2.4.1 Company Overview
10.2.4.2 Financial Performance
10.2.4.3 Product Benchmarking
10.2.4.4 Strategic Initiatives
10.2.5 Magna International Inc.
10.2.5.1 Company Overview
10.2.5.2 Financial Performance
10.2.5.3 Product Benchmarking
10.2.5.4 Strategic Initiatives
10.2.6 Mitsuba Corporation
10.2.6.1 Company Overview
10.2.6.2 Financial Performance
10.2.6.3 Product Benchmarking
10.2.6.4 Strategic Initiatives
10.2.7 Murakami Corporation
10.2.7.1 Company Overview
10.2.7.2 Financial Performance
10.2.7.3 Product Benchmarking
10.2.7.4 Strategic Initiatives
10.2.8 Sl Corporation
10.2.8.1 Company Overview
10.2.8.2 Financial Performance
10.2.8.3 Product Benchmarking
10.2.8.4 Strategic Initiatives
10.2.9 Tokairica, Co, Ltd.
10.2.9.1 Company Overview
10.2.9.2 Financial Performance
10.2.9.3 Product Benchmarking
10.2.9.4 Strategic Initiatives
10.2.10 Valeo
10.2.10.1 Company Overview
10.2.10.2 Financial Performance
10.2.10.3 Product Benchmarking
10.2.10.4 Strategic Initiatives
List of Tables
Table 1 Auto-dimming market, by region, 2016 - 2028 (USD Million)
Table 2 Blind spot detection market, by region, 2016 - 2028 (USD Million)
Table 3 Power control market, by region, 2016 - 2028 (USD Million)
Table 4 Automatic folding market, by region, 2016 - 2028 (USD Million)
Table 5 Heating function market, by region, 2016 - 2028 (USD Million)
Table 6 Others market, by region, 2016 - 2028 (USD Million)
Table 7 Door mounted market, by region, 2016 - 2028 (USD Million)
Table 8 Body Mounted market, by region, 2016 - 2028 (USD Million)
Table 9 Smart rear-view mirror market, by region, 2016 - 2028 (USD Million)
Table 10 Conventional rear-view mirror market, by region, 2016 - 2028 (USD Million)
Table 11 Exterior Mirror market, by region, 2016 - 2028 (USD Million)
Table 12 Interior mirror market, by region, 2016 - 2028 (USD Million)
Table 13 Passenger Car market, by region, 2016 - 2028 (USD Million)
Table 14 Commercial vehicles market, by region, 2016 - 2028 (USD Million)
Table 15 North America rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 16 North America rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 17 North America rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 18 North America rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 19 North America rear-view mirror market, by vehicle type, 2016 - 2028 (USD Million)
Table 20 U.S. rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 21 U.S. rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 22 U.S. rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 23 U.S. rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 24 U.S. rear-view market, by vehicle type, 2016 - 2028 (USD Million)
Table 25 Canada rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 26 Canada rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 27 Canada rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 28 Canada rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 29 Canada rear-view market, by vehicle type, 2016 - 2028 (USD Million)
Table 30 Europe rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 31 Europe rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 32 Europe rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 33 Europe rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 34 Europe rear-view mirror market, by vehicle type, 2016 - 2028 (USD Million)
Table 35 U.K. rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 36 U.K. rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 37 U.K. rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 38 U.K. rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 39 U.K. rear-view market, by vehicle type, 2016 - 2028 (USD Million)
Table 40 Germany rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 41 Germany rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 42 Germany rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 43 Germany rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 44 Germany rear-view market, by vehicle type, 2016 - 2028 (USD Million)
Table 45 Rest of Europe rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 46 Rest of Europe rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 47 Rest of Europe rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 48 Rest of Europe rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 49 Rest of Europe rear-view market, by vehicle type, 2016 - 2028 (USD Million)
Table 50 Asia Pacific rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 51 Asia Pacific rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 52 Asia Pacific rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 53 Asia Pacific rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 54 Asia Pacific rear-view mirror market, by vehicle type, 2016 - 2028 (USD Million)
Table 55 China rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 56 China rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 57 China rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 58 China rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 59 China rear-view market, by vehicle type, 2016 - 2028 (USD Million)
Table 60 Japan rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 61 Japan rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 62 Japan rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 63 Japan rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 64 Japan rear-view market, by vehicle type, 2016 - 2028 (USD Million)
Table 65 India rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 66 India rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 67 India rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 68 India rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 69 India rear-view market, by vehicle type, 2016 - 2028 (USD Million)
Table 70 Rest of Asia Pacific rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 71 Rest of Asia Pacific rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 72 Rest of Asia Pacific rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 73 Rest of Asia Pacific rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 74 Rest of Asia Pacific rear-view market, by vehicle type, 2016 - 2028 (USD Million)
Table 75 Latin America rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 76 Latin America rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 77 Latin America rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 78 Latin America rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 79 Latin America rear-view mirror market, by vehicle type, 2016 - 2028 (USD Million)
Table 80 Brazil rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 81 Brazil rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 82 Brazil rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 83 Brazil rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 84 Brazil rear-view market, by vehicle type, 2016 - 2028 (USD Million)
Table 85 Mexico rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 86 Mexico rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 87 Mexico rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 88 Mexico rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 89 Mexico rear-view market, by vehicle type, 2016 - 2028 (USD Million)
Table 90 Rest of Latin America rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 91 Rest of Latin America rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 92 Rest of Latin America rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 93 Rest of Latin America rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 94 Rest of Latin America rear-view market, by vehicle type, 2016 - 2028 (USD Million)
Table 95 MEA rear-view mirror market, by feature type, 2016 - 2028 (USD Million)
Table 96 MEA rear-view mirror market, by mounting location, 2016 - 2028 (USD Million)
Table 97 MEA rear-view mirror market, by product type, 2016 - 2028 (USD Million)
Table 98 MEA rear-view mirror market, by type, 2016 - 2028 (USD Million)
Table 99 MEA rear-view mirror market, by vehicle type, 2016 - 2028 (USD Million)
List of Figures
Fig. 1 Rear-view mirror market segmentation
Fig. 2 Market research process
Fig. 3 Primary research process
Fig. 4 Information Analysis
Fig. 5 Data validation and publishing
Fig. 6 Rear-view mirror market snapshot
Fig. 7 Penetration & growth prospect mapping
Fig. 8 Industry value chain analysis
Fig. 9 Market driver analysis
Fig. 10 Market restraint analysis
Fig. 11 Porter’s analysis
Fig. 12 PEST analysis
Fig. 13 Rear-view mirror market: By feature type segment outlook & market share, 2020 and 2028
Fig. 14 Rear-view mirror market: By mounting location segment outlook & market share, 2020 and 2028
Fig. 15 Rear-view mirror market: By product type segment outlook & market share, 2020 and 2028
Fig. 16 Rear-view mirror market: By type segment outlook & market share, 2020 and 2028
Fig. 17 Rear-view mirror market: By vehicle type segment outlook & market share, 2020 and 2028
Fig. 18 Rear-view mirror market: By region segment outlook & market share, 2020 and 2028

Companies Mentioned

  • Continental Ag
  • Ficosa Internacional Sa
  • Gentex Corporation
  • Ishizaki Honten Company, Limited
  • Magna International Inc.
  • Mitsuba Corporation
  • Murakami Corporation
  • Sl Corporation
  • Tokairica, Co, Ltd.
  • Valeo

Methodology

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