Rear-View Mirror Market Size Forecasted To Achieve $12.75 Billion By 2029 With Steady Growth

The Rear-View Mirror Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Rear-View Mirror Market Size and Projected Growth Rate?
The market size for rear-view mirrors has witnessed robust growth in the past few years, expanding from $9.25 billion in 2024 to an estimated $9.76 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.5%. The historical growth can be credited to factors like heightened attention to automotive safety, increased traffic volume, legal stipulations for mirrors, enhancements in mirror materials and the progress in automotive design.

The market for rear-view mirrors is predicted to experience substantial growth in the upcoming years, expanding to $12.75 billion by 2029 with an impressive CAGR of 6.9%. Factors driving this growth during the forecast period are the booming automobile sector in developing countries, renewed emphasis on car safety, enhanced connectivity features, the adoption of intelligent rear-view mirrors, and synchronization with self-driving vehicle systems. Key market trends during this period are expected to be digital rear-view mirrors, AR mirrors, technology-driven reduction of blind spots, more compact and sleek mirror designs, and the incorporation of vehicle-to-everything (v2x) communication systems.

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What Are the Major Segments in the Rear-View Mirror Market?
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

Subsegments:
1) By Smart Rear-View Mirror: Digital Rear-View Mirrors, Camera-Based Rear-View Mirrors, Connected Rear-View Mirrors
2) By Conventional Rear-View Mirror: Interior Rear-View Mirrors, Exterior Rear-View Mirrors

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What Are The Driving Rear-View Mirror Market Evolution?
The anticipation of an increase in the quantity of vehicles is likely to stimulate the expansion of the rear-view mirror industry. Vehicles, such as cars, trucks, and buses, which are motor-powered machines used for transportation of individuals or goods, incorporate rear-view mirrors to ensure security and safety of the vehicle and its occupants. Consequently, as the vehicular demand escalates, the demand for rear-view mirrors is also expected to surge. For instance, the Belgium-based European Automobile Manufacturers' Association reported a 5.7% growth in the global motor vehicle production with 85.4 million units produced in 2022, compared to 2021. Further, the US-based National Automobile Dealers Association, a non-profit entity, projected that the light vehicle production in North America is expected to reach 14.2 million units in 2022 and soar to 15.4 million units in 2023 owing to gradual enhancements in the supply chain. Thus, the rising count of vehicles is propelling the growth in the rear-view mirror industry.

Which Firms Dominate The Rear-View Mirror Market Segments?
Major companies operating in the rear-view mirror market include 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

What Trends Are Expected to Dominate the Rear-View Mirror Market in the Next 5 Years?
The emergence of technological innovations is a prevalent trend in the rear-view mirror industry. Major market players are concentrating on introducing new technologies to satisfy consumer needs and consolidate their market standing. For instance, Seeing Machines Ltd, an Australian firm offering driver monitoring technologies, joined forces with Magna, a Canadian automobile mirror manufacturer, in April 2022. They collaborated on a rear-view mirror that integrates Seeing Machines' Driver Monitoring System (DMS) technology. A demonstrator model was produced by the two companies, incorporating a camera, electronics, and interior mirror technology, all powered by Seeing Machines' enhanced FOVIO eDME (embedded Driver Monitoring Engine) algorithms and software.

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Which Is The Largest Region In The Rear-View Mirror Market?
Asia-Pacific was the largest region in the rear-view mirror market in 2024. The regions covered in the rear-view mirror market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Rear-View Mirror Market?
2. What is the CAGR expected in the Rear-View Mirror Market?
3. What Are the Key Innovations Transforming the Rear-View Mirror Industry?
4. Which Region Is Leading the Rear-View Mirror Market?

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