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Global Rear-view Mirror Market to reach USD 11.65 billion by 2027.

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

Product Code: ALTAMC-66892487
Publish Date: 30-11-2021
Page: 200

Global Rear-view Mirror Market is valued approximately at USD 8.85 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.0% over the forecast period 2021-2027. 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. For instance, according to International European Agency, in year 2020, Consumers spending on purchase of electric cars stood at USD 120 billion, which is increased about 50% as compared to year 2019, these breaks down into 41% increase in sales and 6% rise in average prices. As a result, increased in purchase of automotive vehicles will necessitate the use of more rear-view mirror in the manufacturing of different automobile parts, will serve as a catalyst for the Rear-view Mirror industry in the future. However, high cost of replacement of smart rear-view mirror, may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global Rear-view Mirror Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. 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.
Major market player included in this report are:

Continental ag
Ficosa International SA
Gentex Corporation
Ishizaki Honten Company, Limited
Magna International Inc.
MITSUBA Corporation
Murakami Corporation
SL Corporation
Tokai rica, Co, Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Feature type:
Blind Spot Detection
Power Control
Automatic Folding
Heating Function
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
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Rear-view Mirror Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Rear-view Mirror Market , by Region, 2019-2027 (USD Billion)
1.2.2. Rear-view Mirror Market , by Feature type, 2019-2027 (USD Billion)
1.2.3. Rear-view Mirror Market , by Mounting Location , 2019-2027 (USD Billion)
1.2.4. Rear-view Mirror Market , by Product Type, 2019-2027 (USD Billion)
1.2.5. Rear-view Mirror Market , by Type, 2019-2027 (USD Billion)
1.2.6. Rear-view Mirror Market , by Vehicle Type, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Rear-view Mirror Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Rear-view Mirror Market Dynamics
3.1. Rear-view Mirror Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing awareness about vehicle and passenger safety Trend of integrating additional features Rising demand for premium segment vehicles
3.1.2. Market Restraint High replacement cost of smart rear-view mirror
3.1.3. Market Opportunities Integration of infotainment and navigation features Rising automotive industry
Chapter 4. Global Rear-view Mirror Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Rear-view Mirror Market , by Feature type
5.1. Market Snapshot
5.2. Global Rear-view Mirror Market by Feature type, Performance – Potential Analysis
5.3. Global Rear-view Mirror Market Estimates & Forecasts by Feature type 2018-2027 (USD Billion)
5.4. Rear-view Mirror Market , Sub Segment Analysis
5.4.1. Auto-dimming
5.4.2. Blind Spot Detection
5.4.3. Power Control
5.4.4. Automatic Folding
5.4.5. Heating Function
5.4.6. Others
Chapter 6. Global Rear-view Mirror Market , by Mounting Location
a. Market Snapshot
6.1. Global Rear-view Mirror Market by Mounting Location, Performance – Potential Analysis
6.2. Global Rear-view Mirror Market Estimates & Forecasts by Mounting Location 2018-2027 (USD Billion)
6.3. Rear-view Mirror Market , Sub Segment Analysis
6.3.1. Door Mounted
6.3.2. Body Mounted
Chapter 7. Global Rear-view Mirror Market , by Product Type
b. Market Snapshot
7.1. Global Rear-view Mirror Market by Product Type, Performance – Potential Analysis
7.2. Global Rear-view Mirror Market Estimates & Forecasts by Product Type 2018-2027 (USD Billion)
7.3. Rear-view Mirror Market , Sub Segment Analysis
7.3.1. Smart Rear-view Mirror
7.3.2. Conventional Rear-view Mirror
Chapter 8. Global Rear-view Mirror Market , by Type
c. Market Snapshot
8.1. Global Rear-view Mirror Market by Type, Performance – Potential Analysis
8.2. Global Rear-view Mirror Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
8.3. Rear-view Mirror Market , Sub Segment Analysis
8.3.1. Exterior Mirror
8.3.2. Interior Mirror
Chapter 9. Global Rear-view Mirror Market , by Vehicle Type
d. Market Snapshot
9.1. Global Rear-view Mirror Market by Vehicle Type, Performance – Potential Analysis
9.2. Global Rear-view Mirror Market Estimates & Forecasts by Vehicle Type 2018-2027 (USD Billion)
9.3. Rear-view Mirror Market , Sub Segment Analysis
9.3.1. Passenger Car
9.3.2. Commercial Vehicles
Chapter 10. Global Rear-view Mirror Market , Regional Analysis
10.1. Rear-view Mirror Market , Regional Market Snapshot
10.2. North America Rear-view Mirror Market
10.2.1. U.S. Rear-view Mirror Market Feature type breakdown estimates & forecasts, 2018-2027 Mounting Location breakdown estimates & forecasts, 2018-2027 Product Type breakdown estimates & forecasts, 2018-2027 Type breakdown estimates & forecasts, 2018-2027 Vehicle type breakdown estimates & forecasts, 2018-2027
10.2.2. Canada Rear-view Mirror Market
10.3. Europe Rear-view Mirror Market Snapshot
10.3.1. U.K. Rear-view Mirror Market
10.3.2. Germany Rear-view Mirror Market
10.3.3. France Rear-view Mirror Market
10.3.4. Spain Rear-view Mirror Market
10.3.5. Italy Rear-view Mirror Market
10.3.6. Rest of Europe Rear-view Mirror Market
10.4. Asia-Pacific Rear-view Mirror Market Snapshot
10.4.1. China Rear-view Mirror Market
10.4.2. India Rear-view Mirror Market
10.4.3. Japan Rear-view Mirror Market
10.4.4. Australia Rear-view Mirror Market
10.4.5. South Korea Rear-view Mirror Market
10.4.6. Rest of Asia Pacific Rear-view Mirror Market
10.5. Latin America Rear-view Mirror Market Snapshot
10.5.1. Brazil Rear-view Mirror Market
10.5.2. Mexico Rear-view Mirror Market
10.6. Rest of The World Rear-view Mirror Market
Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Continental ag Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Ficosa International SA
11.2.3. Gentex Corporation
11.2.4. Ishizaki Honten Company, Limited
11.2.5. Magna International Inc.
11.2.6. MITSUBA Corporation
11.2.7. Murakami Corporation
11.2.8. SL Corporation
11.2.9. Tokai rica, Co, Ltd.
11.2.10. Valeo

Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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