Rear-View Mirror Market Landscape 2025: Forecast Data and Growth Strategy Insights

Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations._x000D_
_x000D_
What Is the Expected CAGR for the Rear-View Mirror Market Through 2025?_x000D_
There has been a significant surge in the market size of the rear-view mirror industry in the past few years. It is expected to expand from $9.25 billion in 2024 to $9.76 billion in 2025, with a compound annual growth rate (CAGR) of 5.5%. The growth witnessed in the past can be linked to various factors such as the early emphasis on vehicle safety, a rise in traffic density, regulatory rules concerning mirrors, developments in mirror materials, and the progressive transformation in automotive design._x000D_
_x000D_
What's the Projected Size of the Global Rear-View Mirror Market by 2029?_x000D_
The market for rear-view mirrors is forecasted to experience significant escalation over the next few years, reaching a value of $12.75 billion in 2029 with a CAGR of 6.9%. This anticipated growth during the forecast period is credited to the expansion of the automotive market in developing economies, an ongoing emphasis on vehicle safety, improved connectivity features, the use of intelligent rear-view mirrors, and integration with self-driving vehicle technology. The forthcoming period is expected to see trends such as digital rear-view mirrors, AR mirrors, technology that reduces blind spots, compact and aerodynamic mirror designs, along with incorporation of vehicle-to-everything (v2x) communication systems._x000D_
_x000D_
View the full report here:_x000D_
https://www.thebusinessresearchcompany.com/report/rear-view-mirror-global-market-report_x000D_
_x000D_
Top Growth Drivers in the Rear-View Mirror Industry: What's Accelerating the Market?_x000D_
The proliferation of vehicles is anticipated to boost the expansion of the rear-view mirror market. The term vehicles encompasses transport machines equipped with engines such as cars, trucks, and buses, designed for the conveyance of individuals or commodities. Rear-view mirrors play a vital role in ensuring the safety of the vehicle and its occupants. Consequently, the surge in the demand for vehicles leads to a rise in the requirement for rear-view mirrors. As an example, the European Automobile Manufacturers' Association, a Belgium-based body of the automobile industry, revealed that global motor vehicle production hit 85.4 million units in 2022, symbolizing a 5.7% increase since 2021. In addition, data from the National Automobile Dealers Association, a US-based non-profit entity, projected that light vehicle production in North America would touch 14.2 million units in 2022. It is anticipated to experience an upward trend to 15.4 million units in 2023, propelled by gradual enhancements in the supply chain. Thus, the escalating number of vehicles is putting the rear-view mirror market on an upward trajectory._x000D_
_x000D_
Get your free sample here:_x000D_
https://www.thebusinessresearchcompany.com/sample.aspx?id=6865&type=smp_x000D_
_x000D_
What Trends Will Shape the Rear-View Mirror Market Through 2029 and Beyond?_x000D_
The evolution of technology has been identified as a primary trend influencing the growth of the rear-view mirror market. Key players in the market are concentrating their efforts on the creation of innovative technologies to satisfy consumer needs and strengthen their market standing. As an illustration, Seeing Machines Ltd, an Australian firm known for its driver monitoring technologies, partnered with Magna, a Canadian vehicle mirror supplier, for a project in April 2022. The collaboration aimed at producing a rear-view mirror integrating the Driver Monitoring System (DMS) technology of Seeing Machines Ltd. The result was a prototype that expertly combines camera technology, electronics, and interior mirror technology by using the Seeing Machines' advanced FOVIO eDME (embedded Driver Monitoring Engine) algorithms and software._x000D_
_x000D_
What Are the Main Segments in the Rear-View Mirror Market?_x000D_
The rear-view mirror market covered in this report is segmented -_x000D_
_x000D_
1) By Product Type: Smart Rear-View Mirror, Conventional Rear-View Mirror_x000D_
2) By Mounting Location: Door Mounted, Body Mounted_x000D_
3) By Mirror Type: Exterior Mirror, Interior Mirror_x000D_
4) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)_x000D_
5) By Feature: Auto dimming, Blind Spot Detection, Power Control, Automatic Foldable, Heated, Other Features_x000D_
_x000D_
Subsegments:_x000D_
1) By Smart Rear-View Mirror: Digital Rear-View Mirrors, Camera-Based Rear-View Mirrors, Connected Rear-View Mirrors_x000D_
2) By Conventional Rear-View Mirror: Interior Rear-View Mirrors, Exterior Rear-View Mirrors_x000D_
_x000D_
Tailor your insights and customize the full report here:_x000D_
https://www.thebusinessresearchcompany.com/customise?id=6865&type=smp_x000D_
_x000D_
Which Top Companies are Driving Growth in the Rear-View Mirror Market?_x000D_
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_x000D_
_x000D_
Which Regions Will Dominate the Rear-View Mirror Market Through 2029?_x000D_
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_x000D_
_x000D_
Purchase the full report today:_x000D_
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6865_x000D_
_x000D_
This Report Supports:_x000D_
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions._x000D_
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning._x000D_
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks._x000D_
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work._x000D_
_x000D_

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

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. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.