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Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Growth, Share, Size: By Feature Type: Auto-Dimming, Blind Spot Indicator, Automatic Folding, Heating Function, Others; By Powertrain Type; By Vehicle Type; By Distribution Channels; Regional Analysis; Competitive Landscape; Market Dynamic; 2024-2032
Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Outlook
The global automotive electrically adjustable outside smart rear view mirror (ORVM) market is expected to grow at a CAGR of 7.2% between 2024 and 2032.
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Key Trends in the Market
A rear view mirror is a flat mirror used in automobiles and other vehicles, structured to let the driver see backward through the rear window (rear windshield) of the vehicle. It is designed to help the driver in manoeuvring the vehicle safely.
- An increase in the usage of technological innovations for safety like folding electric ORVM is expected to drive the automotive electrically adjustable outside smart rear view mirror (ORVM) market growth across the globe.
- The automotive electrically adjustable outside smart rear view mirror helps in reducing the risk of visibility hindrance produced by snow, rain, or ice build-up on the exterior surface. This is likely to influence the market demand among consumers, particularly in regions with excessive snow or rainfall.
- The increasing passenger vehicle production coupled with the growing awareness regarding shared mobility is expected to fuel the market growth during the forecast period.
Market Analysis
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Based on the feature type, the market can be categorised into auto-dimming, blind spot indicator, automatic folding, and heating function, among others. On the basis of powertrain type, the market is bifurcated into IEC engine and electric. Based on the vehicle type, the market is divided into passenger cars and commercial vehicles. According to distribution channels, the market can be categorised into OEM and aftermarket. The regional markets for the automotive electrically adjustable outside smart rear view mirror (ORVM) market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global automotive electrically adjustable outside smart rear view mirror (ORVM) market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Gentex Corporation
- Ficosa Internacional SA
- Magna International Inc
- SL Corporation
- Murakami Corporation
- Ichikoh Industries, Ltd.
- Honda Lock Co.,Ltd.
- SMR Deutschland GmbH
- Tokairika,Co, Ltd.
- Motherson Group
- Others
Market Share by Vehicle type
The passenger car segment is expected to gain momentum in the automotive electrically adjustable outside smart rear view mirror (ORVM) market across the globe due to the increasing production of passenger vehicles. Going further, the increasing concerns linked to the safety of drivers as well as passengers in case of accidents are further expected to bolster the segment growth in the market during the forecast period.
Market Share by Region
Geographically, the North American region is augmenting the automotive electrically adjustable outside smart rear view mirror (ORVM) market share on account of the surging demand for luxury cars coupled with the increasing automotive industry among emerging economies. The rise in high safety standards along with growing governmental regulations regarding road safety to decrease accidents is expected to propel the market growth in the region.
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Competitive Landscape
Gentex Corporation is a foremost technology company proficient in a broad variety of core competencies that produce a distinctive combination of technologies. The company manufactures and develops custom high-tech electronic products for the aerospace, commercial, and automotive fire protection industries.
Ficosa Internacional SA is a top-grade supplier dedicated to the development, research, marketing, and manufacturing of advanced technology vision, connectivity, safety, and efficiency systems across the globe for the motor and mobility industry. Its aim is to contribute to the world through dedication to technological innovation, energy efficiency, and human values.
Magna International Inc is a mobility technology corporation. It provides modular solutions for vehicle systems and parts, as well as full vehicle assembly. It deals its manufactured goods to original equipment producers of light trucks and cars.
SL Corporation is a leading auto parts company that specialises in automobile headlamp production. The company focuses on the future of technology for automobile electronics and modularisation. It is a leading auto parts company with quality and advanced technology.
Other market players include Murakami Corporation, Ichikoh Industries, Ltd., Honda Lock Co.,Ltd., SMR Deutschland GmbH, Tokairika,Co, Ltd., and Motherson Group, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Feature Type |
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| Breakup by Powertrain Type |
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| Breakup by Vehicle Type |
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| Breakup by Distribution Channels |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Industry Opportunities and Challenges
8 Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Historical Market (2018-2023)
8.3 Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Forecast (2024-2032)
8.4 Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market by Feature Type
8.4.1 Auto-Dimming
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Blind Spot Indicator
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Automatic Folding
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Heating Function
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market by Powertrain Type
8.5.1 IEC Engine
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Electric
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market by Vehicle Type
8.6.1 Passenger Car
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Commercial Vehicle
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market by Distribution Channels
8.7.1 OEM
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Aftermarket
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.8 Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2023)
8.8.3.3 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2023)
8.8.4.3 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2023)
8.8.5.3 Forecast Trend (2024-2032)
9 North America Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Gentex Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Ficosa Internacional SA
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Magna International Inc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 SL Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Murakami Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Ichikoh Industries, Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Honda Lock Co.,Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 SMR Deutschland GmbH
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Tokairika,Co, Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Motherson Group
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market: Key Industry Highlights, 2018 and 2032
2. Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Historical Market: Breakup by Feature Type (USD Million), 2018-2023
3. Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Forecast: Breakup by Feature Type (USD Million), 2024-2032
4. Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Historical Market: Breakup by Powertrain Type (USD Million), 2018-2023
5. Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Forecast: Breakup by Powertrain Type (USD Million), 2024-2032
6. Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
7. Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
8. Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9. Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10. Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market Structure.
Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 7.2% between 2024 and 2032.
The major market drivers are the increasing disposable income, growing automotive industry, and rising demand for passenger vehicles.
The key market trends include rapid technological advancements and increasing adoption of smart outer rear view mirrors.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various feature types include auto-dimming, blind spot indicator, automatic folding, and heating function, among others.
The different powertrain types in the market are the IEC engine and electric.
The different vehicle types in the market include passenger cars and commercial vehicles.
The primary distribution channels are OEM and aftermarket.
The major players in the automotive electrically adjustable outside smart rear view mirror (ORVM) market are Gentex Corporation, Ficosa Internacional SA, Magna International Inc, SL Corporation, Murakami Corporation, Ichikoh Industries, Ltd., Honda Lock Co.,Ltd., SMR Deutschland GmbH, and Tokairika,Co, Ltd., and Motherson Group, among others.
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