With the emergence and long-term Impact of COVID-19, Global Rear-view Mirror Market to reach USD 11.65 Billion by 2027
Bizwit Research & Consulting LLP’s Recent Analysis on Global Rear-view Mirror Market is poised to raise up to USD 11.65 Billion by 2027 Rear-view mirror is a flat mirror present in automobiles and in other vehicles which is designed to allow the driver to see the rearward through vehicle’s rear window. The global Rear-view Mirror market is being driven by awareness regarding vehicle and passenger safety, trend of integration of additional features, as well as rise in demand for premium segment vehicles. Furthermore, integration of infotainment and navigation features and rise in automotive industry will provide new opportunities for the global Rear-view Mirror industry. A rear-view mirror is a mirror in automobiles and other vehicles, designed to allow the driver to see rearward through the vehicle’s rear window. In cars, the rear-view mirror is usually attached to the top of the windshield on a double-swivel mount providing it to be altered to suit the viewing angle as well as the height of any driver and to swing harmlessly out of the way if impacted by a vehicle occupant in a collision.
Geographically, the global Rear-view Mirror market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Increasing production of vehicles and increase in demand for luxury vehicles makes the Asia Pacific the leading region across the world in terms of market share. Whereas Europe is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to presence of prominent luxury car manufacturers.
The global Rear-view Mirror market is highly competitive owing to the presence of several key manufacturers such as Continental ag, Ficosa International SA, Gentex Corporation, Ishizaki Honten Company, Limited, Magna International Inc., MITSUBA Corporation, Murakami Corporation, SL Corporation, Tokai rica, Co, Ltd..
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Global Rear-view Mirror Market Size study, by Feature type (Auto-dimming, Blind Spot Detection, Power Control, Automatic Folding, Heating Function, Others), by Mounting Location (Door Mounted, Body Mounted), by Product type (Smart Rear-view Mirror, Conventional Rear-view Mirror), by Type(Exterior Mirror, Interior Mirror), by Vehicle type(Passenger Car, Commercial Vehicles) and Regional Forecasts 2021-2027
Key findings of the study suggest:
- Global Rear-view Mirror Market is anticipated to grow with a healthy growth rate of more than 4.0% over the forecast period 2023-2030.
- In the Feature Type segment, Heating Function emerged out as the leading market segment in 2020.
- In the Mounting Location segment, Door Mounted emerged out as the leading market segment in 2020.
- In the Product Type segment, Smart Rare View emerged as the leading market segment in 2020.
- In the Type segment, Exterior Mirror emerged as the leading market segment in 2020.
- In the Vehicle Type segment, Commercial Vehicle emerged as the leading market segment in 2020.
- Asia Pacific is anticipated to drive regional growth owing to increasing production of vehicles and increase in demand for luxury vehicles makes.
- North America is expected to grow at higher rate followed by Asia Pacific during 2021-2029.
Bizwit Research & Consulting has considered following segments for the study:
- Blind Spot Detection
- Power Control
- Automatic Folding
- Heating Function
- Door Mounted
- Body Mounted
- Smart Rear-view Mirror
- Conventional Rear-view Mirror
- Exterior Mirror
- Interior Mirror
- Passenger Car
- Commercial Vehicles
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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