Burgeoning Rear-View Mirror Market: CAGR of 5.5% from 2024 to 2025 & 6.9% until 2029 respectively

"Driven by Safety Concerns and Evolving Automotive Design, the Expanse of the Global Rear-View Mirror Market is Set to Reach $12.75 Billion in 2029

What Is The Projected Market Size Of The Global Rear-View Mirror Market And Its Growth Rate?
The rear-view mirror market is experiencing steady growth, influenced by advancements in mirror materials and evolving automotive designs.
• The market grew from $9.25 billion in 2024 to an expected $9.76 billion in 2025, representing a CAGR of 5.5%.
• By 2029, the market size is anticipated to reach $12.75 billion, escalating at a CAGR of 6.9%.
The market growth is primarily credited to expansion of the automotive market in emerging economies, focus on vehicle safety, enhanced connectivity features, and the integration of smart rear-view mirrors with autonomous vehicle technologies.

What Is Driving The Growth In The Rear-View Mirror Market?
The growth of the rear-view mirror market is directly tied to the surge in vehicle production. As these mirrors ensure safety for both the vehicle and passengers, the spike in demand for vehicles correspondingly increases the need for rear-view mirrors. The rise in global motor vehicle production in 2022, which reached 85.4 million units, a growth of 5.7% from the previous year, drives the rear-view mirror market. In addition, an estimated increase in light vehicle production in North America from 14.2 million units in 2022 to 15.4 million units in 2023 further fuels the growth of the rear-view mirror market.

Request A Free Sample Copy
https://www.thebusinessresearchcompany.com/sample.aspx?id=6865&type=smp

Who Are the Key Players Driving Rear-View Mirror Market Growth?
Noteworthy companies within the rear-view mirror market include:
• Continental AG
• FLABEG Holding GmbH
• Gentex Corporation
• Magna International Inc.
• Ishizaki Honten Company Limited
• Ficosa Internacional SA
• SL Corporation
• Samvardhana Motherson Group
• Valeo SA
• Burco Inc.
• Lumax Industries Limited
• Nippon Sheet Glass Co Ltd
• Xinyi Glass Holdings Limited

What Are The Key Trends In The Rear-View Mirror Market?
Key trends influencing the market include:
• Adoption and integration of digital rear-view mirrors
• Application of augmented reality (AR) mirrors
• Technology utilization to reduce blind spots
• Development of compact and streamlined mirror designs
• Integration with vehicle-to-everything (v2x) communication systems

What Are The Segments Of The Global Rear-View Mirror Market?
The market can be segmented by:
• Product Type: Smart Rear-View Mirror, Conventional Rear-View Mirror
• Mounting Location: Door Mounted, Body Mounted
• Mirror Type: Exterior Mirror, Interior Mirror
• Vehicle Type: Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
• Feature: Auto dimming, Blind Spot Detection, Power Control, Automatic Foldable, Heated, Other Features

Which Region Leads The Rear-View Mirror Market?
Asia-Pacific maintained its position as the leading region in the rear-view mirror market in 2024. The report also covers other regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Pre-book the Report for Swift Delivery
https://www.thebusinessresearchcompany.com/report/rear-view-mirror-global-market-report

What Is Covered In The Rear-View Mirror Market Global Market Report?
- Market Size Analysis: Analyze the Rear-View Mirror Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Rear-View Mirror Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Rear-View Mirror Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Rear-View Mirror Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Request Customization for This Report
https://www.thebusinessresearchcompany.com/requestcustomization.aspx?id=6865&type=smp

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
Learn More About the Business Research Company. With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.

This release was published on openPR.