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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 13.95 billion by 2029 | 7.83% | Asia Pacific |
| By Type | By Application |
|---|---|
|
|
SCOPE OF THE REPORT
Electric Outside Rear View Mirror Market Overview
The global electric outside rearview mirror market was worth USD 7.51 billion in 2022 and is expected to grow at a CAGR of 7.83 % during the forecast period, reaching USD 13.95 billion by 2029.
An electric outside rear-view mirror (OVRM) is an electrically operated rear-view mirror, which means that the adjustments in an electric outside rearview mirror aren’t made manually. These mirrors can be adjusted with the help of a switch which is located near the driver’s side door. These mirrors are easily accessible to drivers and can be operated while driving.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion) |
| Segmentation | By Product Type, By Application, By Region |
| By Type |
|
| By Application |
|
The increasing awareness for safe and convenient features in vehicles is driving the global electric outside rearview mirror market growth. The growing number of road accidents is a major reason for the increased demand for advanced and efficient safety features in vehicles. This has boosted the installation of such smart mirror systems that provide drivers with improved vision and view. Driving is made safer through additional safety features, such as blind-spot detection and lane departure warning systems. electric outside rearview mirrors provide better visibility to drivers when compared with conventional side-view mirrors used as they reduce the blind spots. They can be used to provide maximum visibility under low-light conditions to increase awareness.
The development of the market is hampered by factors such as the lack of skilled labor and the high cost associated with the raw materials.
The COVID-19 pandemic has hurt various industries. To stem the spread of the virus, governments around the world have imposed lockdowns, shutting down local business processes and manufacturing operations, and disrupting supply chains and production schedules. Various industries have stalled despite promising results. The pandemic had a huge strain on the automotive industry. COVID-19 led to a global economic crash;Â it had a significant impact on the electric outside rearview mirror market. Due to a global shutdown, the manufacturing and sales of electric outside rearview mirrors experienced a major downturn.
Electric Outside Rear View Mirror Market Segment Analysis
Based on type, the power door mirror market is divided into power rearview mirrors with storage memory, folding power rearview mirrors and heated power rearview mirrors. The
Power rearview mirror with memory is a power adjustable mirror with memory. After the car’s ignition is turned off it the last setting position and will automatically resume this saved setting the next time the vehicle is started.
The folding power rearview mirror is a power mirror that the driver can fold when parking. A foldable electric rearview mirror is a mirror that can be folded. Since the traditional rearview mirrors cannot be folded, some vehicles are equipped with folding electric rearview mirrors, which can achieve folding functions for easy parking and traffic safety.
The heated power rearview mirror is a hi-tech rearview mirror that provides additional comfort and safety to the driver. These types of mirrors can be heated and used in all weather conditions, especially for defrosting on cold winter days.
Based on application the electric outside rearview mirror is divided into passenger cars, light commercial vehicles and heavy commercial vehicles.
The main purpose of the passenger vehicle electric exterior mirror (ORVM) is to provide the driver with a clear rear view while driving. Mirrors that help reduce blind spots and increase driving safety by providing an unobstructed vision. It also has a wide field of view, so it can be used as a passenger side mirror or to entertain rear passengers.
The electric outside mirror (ORVM) is used on commercial vehicles to improve road visibility while driving. The system consists of a camera and two panels that can be moved closer together or further apart according to the driver’s wishes.
In terms of type, Memory storage electric rearview mirror dominates the market and holds around 43% of the total market share followed by foldable electric rearview mirror and heat able electric rearview mirror respectively.
Electric Outside Rear View Mirror Market Players
The key market players of the electric outside rearview mirror market include, Ficosa International SA, Magna International Inc, Ichikoh Industries, Samvardhana Motherson Group, Murakami Corporation, Mitsuba Corp, Prakant Electronics, Motherson Sumi Systems Limited, Gentex, MEKRA Lang, SL Corporation, Flabeg, Shanghai Lvxiang.
Industry Developments
- In June 2022, Gentex Corporation, a manufacturer of automotive camera vision systems and anti-glare devices, introduced automotive interior monitoring systems that use cameras into the Japanese market. Vayyar Imaging Ltd., an Israeli company that has the edge in the image recognition technology that used millimeter-wave radars, to enter the Japanese market in the fields of automobiles and long-term care for older people.
- In April 2022, Murakami Corporation announced a name change for its consolidated subsidiary, Oshima Electric Works Co., Ltd. (Oshima Electric Works). The new company name is Murakami East Japan Corporation (Murakami East Japan). Murakami announced in August 2021 that it would acquire 84.2% of Oshima Electric Works’ shares held by Mitsuba Corporation and make it a subsidiary.
Who Should Buy? Or Key stakeholders
- Investors
- Manufacturing companies
- Suppliers and Distributors
- Automobile Companies
- Research institutes
- Suppliers and Distributors
- Others
Electric Outside Rear View Mirror Market Regional Analysis
The electric outside rear-view mirror market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina, and Rest of South America
- Middle East & Africa includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
Its major share is occupied by Asia-Pacific. Around 60% of the total market growth is given by Asia-Pacific region. Asia-Pacific electric outside rearview mirror is expected to grow at a CAGR of 8.85 and reach a valuation of around USD 8.17 billion by the year 2029. The growth is driven by the factors like large population (almost 60% of total worlds total population), presence of growing economies like China, India and Japan. A rise in population can lead to rise in the demand for efficient and advanced transportation technologies which results in growth of automotive industry and thus leads to the growth of markets of technologically advance instrument.
Key Market Segments: Electric outside rearview mirror market
Global Electric Outside Rearview Mirror Market By Product Type, 2020-2029, (Usd Billion)
- Memory Storage Electric Rearview Mirror
- Foldable Electric Rearview Mirror
- Heatable Electric Rearview Mirror
Global Electric Outside Rearview Mirror Market By Application, 2020-2029, (Usd Billion)
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Global Electric Outside Rearview Mirror Market By Region, 2020-2029, (Usd Billion)
- North America
- Europe
- Asia Pacific
- South America
- Middle East And Africa
IMPORTANT COUNTRIES IN ALL REGIONS ARE COVERED.
Key Question Answered
- What is the current size of the electric outside rearview mirror market?
- What are the key factors influencing the growth of electric outside rearview mirror ?
- What are the major applications for electric outside rearview mirror ?
- Who are the major key players in the electric outside rearview mirror market?
- Which region will provide more business opportunities Electric outside rearview mirror  in future?
- Which segment holds the maximum share of the Electric outside rearview mirror market?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global electric outside rear view mirror market outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 on Electric Outside Rear View Mirror Market
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Global electric outside rear view mirror market outlook
- Global Electric Outside Rear-View Mirror Market By Product Type
- Memory Storage Electric Rearview Mirror
- Foldable Electric Rearview Mirror
- Heat Able Electric Rearview Mirror
- Global Electric Outside Rear-View Mirror Market By Application
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Global Electric Outside Rear-View Mirror Market By Region
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Rest Of South America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- South-East Asia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest Of Middle East and Africa
- North America
- Company Profiles*
(Business Overview, Company Snapshot, Products Offered, Recent Developments)
- Ficosa International SA
- Magna International Inc
- Ichikoh Industries
- Samvardhana Motherson Group
- Murakami Corporation
- Mitsuba Corp
- Prakant Electronics
- Motherson Sumi Systems Limited
- Gentex
- MEKRA Lang
- SL Corporation
- Flabeg
- Shanghai Lvxiang
*The Company List Is Indicative
LIST OF TABLES
TABLE 1 GLOBAL ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE (USD BILLION), Â 2020-2029
TABLE 2 GLOBAL ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 3 GLOBAL ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION),   2020-2029
TABLE 4 GLOBAL ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 5 GLOBAL ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY REGION (USD BILLION), 2020-2029
TABLE 6 GLOBAL ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY REGION (THOUSAND UNITS), 2020-2029
TABLE 7 NORTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 8 NORTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 9 NORTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 10 NORTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 11 NORTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 12 NORTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 13 US ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 14 US ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 15 US ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 16 US ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 17 CANADA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(BILLION), 2020-2029
TABLE 18 CANADA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 19 CANADA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 20 CANADA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 21 MEXICO ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 22 MEXICO ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 23 MEXICO ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 24 MEXICO ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 25 SOUTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 26 SOUTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 27 SOUTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 28 SOUTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 29 SOUTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 30 SOUTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 31 BRAZIL ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 32 BRAZIL ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 33 BRAZIL ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 34 BRAZIL ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 35 ARGENTINA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 36 ARGENTINA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 37 ARGENTINA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 38 ARGENTINA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 39 COLOMBIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 40 COLOMBIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 41 COLOMBIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 42 COLOMBIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 43 REST OF SOUTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 44 REST OF SOUTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 45 REST OF SOUTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 46 REST OF SOUTH AMERICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 47 ASIA-PACIFIC ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 48 ASIA-PACIFIC ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 49 ASIA-PACIFIC ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 50 ASIA-PACIFIC ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 51 ASIA-PACIFICASIA-PACIFIC ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 52 ASIA-PACIFICASIA-PACIFIC ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 53 INDIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 54 INDIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 55 INDIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 56 INDIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 57 CHINA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 58 CHINA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 59 CHINA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 60 CHINA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 61 JAPAN ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 62 JAPAN ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 63 JAPAN ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 64 JAPAN ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 65 SOUTH KOREA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 66 SOUTH KOREA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 67 SOUTH KOREA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 68 SOUTH KOREA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 69 AUSTRALIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 70 AUSTRALIA CONNECTED TRUCKBY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 71 AUSTRALIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY RANGE (USD BILLION), 2020-2029
TABLE 72 AUSTRALIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 73 AUSTRALIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 74 AUSTRALIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 75 SOUTH EAST ASIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 76 SOUTH EAST ASIA CONNECTED TRUCKBY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 77 SOUTH EAST ASIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY RANGE (USD BILLION), 2020-2029
TABLE 78 SOUTH EAST ASIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 79 SOUTH EAST ASIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 80 SOUTH EAST ASIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 81 REST OF ASIA PACIFIC ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 82 REST OF ASIA PACIFIC CONNECTED TRUCKBY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 83 REST OF ASIA PACIFIC ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY RANGE (USD BILLION), 2020-2029
TABLE 84 REST OF ASIA PACIFIC ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY RANGE (THOUSAND UNITS), 2020-2029
TABLE 85 REST OF ASIA PACIFIC ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 86 REST OF ASIA PACIFIC ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 87 EUROPE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 88 EUROPE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 89 EUROPE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 90 EUROPE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 91 EUROPE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 92 EUROPE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 93 GERMANY ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 94 GERMANY ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 95 GERMANY ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 96 GERMANY ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 97 UK ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 98 UK ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 99 UK ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 100 UK ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 101 FRANCE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 102 FRANCE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 103 FRANCE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 104 FRANCE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 105 ITALY ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 106 ITALY ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 107 ITALY ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-Â 2029
TABLE 108 ITALY ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 109 SPAIN ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 110 SPAIN ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 111 SPAIN ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 112 SPAIN ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 113 RUSSIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 114 RUSSIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 115 RUSSIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 116 RUSSIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 117 REST OF EUROPE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 118 REST OF EUROPE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 119 REST OF EUROPE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 120 REST OF EUROPE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 121 MIDDLE EAST AND AFRICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 122 MIDDLE EAST AND AFRICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 123 MIDDLE EAST AND AFRICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 124 MIDDLE EAST AND AFRICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 125 MIDDLE EAST AND AFRICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 126 MIDDLE EAST AND AFRICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 127 UAE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 128 UAE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 129 UAE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 130 UAE ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 131 SAUDI ARABIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 132 SAUDI ARABIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 133 SAUDI ARABIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 134 SAUDI ARABIA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 135 SOUTH AFRICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 136 SOUTH AFRICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 137 SOUTH AFRICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 138 SOUTH AFRICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 139 REST OF MIDDLE EAST AND AFRICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(USD BILLION), 2020-2029
TABLE 140 REST OF MIDDLE EAST AND AFRICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY PRODUCT TYPE(THOUSAND UNITS), 2020-2029
TABLE 141 REST OF MIDDLE EAST AND AFRICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 142 REST OF MIDDLE EAST AND AFRICA ELECTRIC OUTSIDE REAR-VIEW MIRROR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL ELECTRIC OUTSIDE REARVIEW MIRROR BY TYPE, USD BILLION, 2020-2029
FIGURE 9 GLOBAL ELECTRIC OUTSIDE REARVIEW MIRROR BY APPLICATION, USD BILLION, 2020-2029
FIGURE 1Â GLOBAL ELECTRIC OUTSIDE REARVIEW MIRROR BY REGION, USD BILLION, 2020-2029
FIGURE 11 PORTER’S FIVE FORCES MODEL
FIGURE 12 GLOBAL ELECTRIC OUTSIDE REARVIEW MIRROR BY TYPE, USD BILLION, 2021
FIGURE 13 GLOBAL ELECTRIC OUTSIDE REARVIEW MIRROR BY APPLICATION, USD BILLION, 2021
FIGURE 14 GLOBAL ELECTRIC OUTSIDE REARVIEW MIRROR BY REGION, USD BILLION, 2021
FIGURE 15 ELECTRIC OUTSIDE REARVIEW MIRRORÂ MARKET BY REGION 2021
FIGURE 16 MARKET SHARE ANALYSIS
FIGURE 17 FICOSA INTERNATIONAL SA: COMPANY SNAPSHOT
FIGURE 18 MAGNA INTERNATIONAL INC: COMPANY SNAPSHOT
FIGURE 19 ICHIKOH INDUSTRIES: COMPANY SNAPSHOT
FIGURE 20 SAMVARDHANA MOTHERSON GROUP: COMPANY SNAPSHOT
FIGURE 21 MURAKAMI CORPORATION: COMPANY SNAPSHOT
FIGURE 22 MITSUBA CORP: COMPANY SNAPSHOT
FIGURE 23 PRAKANT ELECTRONICS: COMPANY SNAPSHOT
FIGURE 24 MOTHERSON SUMI SYSTEMS LIMITED: COMPANY SNAPSHOT
FIGURE 25 GENTEX: COMPANY SNAPSHOT
FIGURE 26 MEKRA LANG: COMPANY SNAPSHOT
FIGURE 27 SL CORPORATION: COMPANY SNAPSHOT
FIGURE 28 FLABEG: COMPANY SNAPSHOT
FIGURE 29 SHANGHAI LVXIANG: COMPANY SNAPSHOT
FAQ
The global electric outside rearview mirror market was worth USD 7.51 billion in 2022 and is expected to grow at a CAGR of 7.83 % during the forecast period, reaching USD 13.95 billion by 2029.
The Asia-Pacific region is the largest market for the electric outside rearview mirror and holds around 37% of the total worlds market share. Around 60% of the total market growth is given by Asia-Pacific region. Asia-Pacific electric outside rearview mirror is expected to grow at a CAGR of 8.85% and reach a valuation of around USD 8.17 billion by the year 2029.
The increasing preference for safe and convenient features in vehicles is driving the global automotive electric side view mirror is driving the market growth. The growing number of road accidents is a major reason for the demand for enhanced safety features in vehicles. This has boosted the integration of mirror systems that provide drivers with improved visibility and awareness.
The electric outside rearview mirror has its major application in passenger vehicles where its  main purpose is to provide the driver with a clear rear view while driving. Mirrors that help reduce blind spots and increase driving safety by providing an unobstructed vision. It also has a wide field of view, so it can be used as a passenger side mirror or to entertain rear passengers.
With 37% share of the total market, Asia-Pacific is dominating the global market because of the gradual increase in population and rise in demand for efficient transportation advancements.
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