Global Automotive Rear view Mirror Market 2024-2030

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    AUTOMOTIVE REAR VIEW MIRROR MARKET

     

    KEY FINDINGS

     

    1. Camera mirrors’ adoption has been limited to luxury segment cars. However, smart mirrors which are “halfway’ between conventional and camera mirrors are gaining popularity and are expected to drive the market in terms of value 
    2. In US, although the mirrors with camera feature are yet to be legalized, the region has been primary consumer of smart mirrors with various safety features integrated to the ORVMs. 
    3. Europe has one of the highest penetrations of the basic features like auto dimming, power folding as they are present in almost every vehicle as standard option.  
    4. In China, the models of domestic brands have reduced the penetration of features such as heated ORVM, auto-dimming feature and others. 
    5. The rear view mirror market in India till recent was very basic and low revenue generating segment in the automobiles. There are very few variants in the top selling models which are equipped with the power folding, auto dimming feature. 

     

    INTRODUCTION

     

    Rear view mirrors act as one of the critical active safety devices in an automobile.

     

    In order to ensure safety manufacturers are focusing on integrating mirrors with the technology to improve the vision to the driver. Increase in stringency of vehicle standards is the main factor driving the market.

     

     

    infographic: car rear view mirror market, automotive intelligent rearview mirror market, Automotive Rear view Mirror Market, automotive rear view mirror market size, automotive rear view mirror market trends and forecast, automotive rear view mirror market risks, automotive rear view mirror market report

    The introduction of camera in the mirror sector whether it’s assisting or almost replacing the mirror has led to various technological advancements propelling the rearview mirror sector.

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET SEGMENTATION

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET By Product Type

    • Interior Rear View Mirror
    • Exterior Rear View Mirror

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET By Position of Mounting

    • Door Mounted Mirror
    • Body Mounted Mirror

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET By Technology

    • Conventional Rear View Mirror
    • Smart Rear View Mirror

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET By Feature

    • Automatic Folding
    • Power Control
    • Signal Indicator
    • Auto-Dimming
    • Blind Spot Detection
    • Heating Function
    • Others

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET By Vehicle Type

    • Passenger Cars
    • Commercial Vehicles
    • 2-Wheeled Vehicles

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET By Distributor Channel

    • OEM
    • Aftermarket

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET By Geography

    • US
    • Europe
    • China
    • India
    • ROW

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET DYNAMICS

     

    The driver and passenger’s safety being primary importance is a major factor boosting the market. Technological advancements in safety features will propel the rearview mirror market.

     

    There is a slow shift from traditional mirrors to the latest technology where in a camera replaces the mirror. The feed is viewed in the cockpit on a screen. However, as of now it is restricted for premium and luxury segment cars.

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET BY PRODUCT TYPE

     

    The exterior type dominates the market and the fact that they are e of them present in a vehicle makes it the most dominant one.

     

    And also one major factor helping the exterior to rule the market is that commercial vehicles like trucks don’t feature interior mirrors.

     

    infographic: car rear view mirror market, automotive intelligent rearview mirror market, Automotive Rear view Mirror Market, automotive rear view mirror market size, automotive rear view mirror market trends and forecast, automotive rear view mirror market risks, automotive rear view mirror market report

    The tow mirrors an extended version of exterior rear mirrors specifically designed for towing trailers vehicles. The pick-up trucks contribute considerably to this segment of mirrors.

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET BY MOUNTING LOCATION

     

    The door mounted rearview mirrors are most commonly used in the vehicles. These are extensively found in the passenger cars. The ease with which they can be replaced or repaired if needed makes them the most in demand segment.

     

    The body mounted mirrors’ segment is dominated by the commercial vehicles. These mirrors are extended a lot in order of clear visibility for the driver.

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET BY TECHNOLOGY

     

    The conventional mirror holds the higher share in the market. The entry level (budget) cars and more importantly the commercial vehicles dominate this segment of mirrors.

     

    The smart mirror market is fastest growing type. These smart mirrors feature multiple functions such as auto dimming, heating function and electric control. These are available in mid segment and SUVs in most of the regions.

     

    infographic: car rear view mirror market, automotive intelligent rearview mirror market, Automotive Rear view Mirror Market, automotive rear view mirror market size, automotive rear view mirror market trends and forecast, automotive rear view mirror market risks, automotive rear view mirror market report

    The highest level smart mirrors are replacing mirrors with cameras in the side rear view position. Japan and Europe regions have passed the feature and vehicles such as Lexus ES and Audi E-Tron already feature this technology.

     

    High replacement cost and reliability on technology are the factors that will hamper the growth of this technology.

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET BY FEATURE

     

    The continuous development of additional features is crucial in expansion of the market. Some of the features like power folding and control are beginning to be the standard feature in entry level and mid-segment vehicles.

     

    The auto dimming feature is provided as the optional feature and is an expensive feature critical in enhancing the safety standards. The heating function is expected to dominate the market.

     

    The figure shows the market share of different features of rearview mirror:

     

    infographic: car rear view mirror market, automotive intelligent rearview mirror market, AUTOMOTIVE REAR VIEW MIRROR MARKET

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET BY VEHICLE TYPE

     

    The passenger vehicles hold the dominant share in the rearview mirror market. The advanced mirror designs, technology adopted in mirrors of passenger cars are superior to that of commercial vehicles; hence the cars have edge over them.    

     

    US AUTOMOTIVE REAR VIEW MIRROR MARKET

     

    The power folding and auto dimming feature is a limited feature as it is available as optional feature for the high-end variants among top selling cars.

     

    The Toyota Rav4 and Chevrolet Silverado models features digital rearview mirror uses a camera to view behind the vehicle more clearly. 

     

    Mirror memory function is not available in all of the top sellers, except for Nissan Rogue and Ram 1500 pick-up truck. GMC Sierra is another pick-up fitted with rear viewing camera mirror. 

     

    Turn signal indicators built on the Outside Rear View Mirrors (ORVM) is a common feature in the region. Along with this Blindspot warning feature is found in the top variants of sedans and SUVs. 

     

    Heated mirrors feature which is a optional feature in budget cars, but in SUVs and high end Sedans the feature is available for all the variants.   

     

    infographic: car rear view mirror market, automotive intelligent rearview mirror market, Automotive Rear view Mirror Market, automotive rear view mirror market size, automotive rear view mirror market trends and forecast, automotive rear view mirror market risks, automotive rear view mirror market report

    Smart mirror with camera feature is still not passed by the US government owing to safety concerns. This has been restraining the penetration of smart camera mirror market in US.

     

    EUROPE AUTOMOTIVE REAR VIEW MIRROR MARKET

     

    In Europe each of the top 5 selling cars come with the standard feature of power folding and adjustable, auto dimming and heating function.  Europe is leading the market in terms of smart/intelligent rearview mirror market. 

     

    Despite having many budget models among top sellers such as Dacia, Renault, Peugeot models the electrically adjustable and heated door mirrors are a common feature in the region. 

     

    Rain sensor rear view mirrors are a common feature in VW models in the region. In Toyota’s hybrid SUV C-HR there are additional features Blind Spot Monitor (BSM), Red Cross Traffic Alert and auto retraceable mirrors found in very few models among the top sellers in the region. 

     

    Most of the models in the region are fitted with door mirrors covered or capped with chrome plates.  

     

    One other feature missing among most of the European models is the mirror memory function which saves the driver’s desired ORVM’s position.  

     

    CHINA AUTOMOTIVE REAR VIEW MIRROR MARKET

     

    In China among top selling cars the features like the automatic dimming and power controlling and folding is available in SUVs and Sedans.

     

    But the budget cars and mid segment cars like Wauling Hengyang and Toyota Corolla feature manual dimming and folding. 

     

    The heated door mirrors are available in most of the top 10 models. Most of the Chinese OEMs’ models such as Hengyang, Roe we ei5, RX5 models are not fitted with the auto dimming feature or the heated door mirror features. 

     

    In SUVs such as VW Tiguan, Huval H6 and in Japanese SUV models the basic features such as auto-dimming (Day/night feature), electrically controllable & heated ORVMs are found as mostly standard option in all these models. 

     

    The camera mirror market is limited to Mercedes & Audi models among the top sellers. 

     

    INDIA AUTOMOTIVE REAR VIEW MIRROR MARKET

     

    In India among the top selling cars Suzuki Baleno provides the auto folding and control of exterior mirrors. 

     

    Among the top models there are models which feature the internal adjustable mirrors in only few of the variants, as there are variants of these models whose ORVMs cannot be adjusted internally at all.

     

    Few of the top selling Maruti Suzuki models are not fitted with the indicator light to the door mirrors too.  

     

    However, the auto dimming option is absent in most of the top selling vehicles. But Kia Seltos, Hyundai models like Venue and Grand i10 along with power adjustable mirrors provide, manual anti-glare/dimming feature. In Honda models City & Amaze, auto dimming & Day/night mirror features respectively are equipped.  

     

    XUV-300 model is equipped with heated ORVMs one of the very models with this feature among top sellers. Toyota Innova model is fitted chrome finished ORVM with electrically adjustable feature. 

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET SIZE AND FORECAST

     

    The digital rearview camera is expected be a common feature in US cars as they won’t restrict the view of the driver at any instance. This feature will be crucial in pickup cars segment most commonly found in US.

     

    Increase of ADAS and safety functions, such as blind spot detection and lane departure warning, along with continuous camera feed, will boost the adoption of smart exterior mirrors.

     

    The global automotive rear view mirror market is estimated at $XX Billion in 2023 growing at –% CAGR till 2030

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET LATEST TRENDS 

     

    • Ficus has partnered with Panasonic to co-develop the interior rearview mirror with Electronic Toll Collection (ETC) for motorway automatic toll payment for new BMW X5 models in Japan.
    • Stoneridge US based company has tested Camera Monitor System (CMS) camera replacing mirrors designed extensively for trucks and other commercial vehicles.
    • Gentex Corporation and Aston Martin has developed a camera based rearview system to be incorporated in future Aston martin models.

     

    Digital Rear-View Mirrors: Instead of the conventional reflective glass, digital rearview mirrors use a high-resolution display.

     

    They use cameras that are attached to the back of the car to record the rear view and show it on the mirror’s screen.

     

    With the help of this technology, blind spots brought on by people or objects in the back seat are eliminated, and visibility is improved in low light.

     

    Rear-view mirrors with augmented reality (AR) overlay more information onto the mirror display. They might superimpose, for instance, directional arrows, distance indicators, or icons that represent items picked up by sensors or cameras.

     

    This helps the driver locate parking spaces, navigate, and spot potential dangers.

     

    Rear-view mirrors with integrated displays provide more than just a mirror image, according to their list of functions.

     

    They may also have extra features like smartphone connectivity, media controls, GPS data, and car diagnostics. A consolidated and practical access point for different vehicle features is provided by these integrated displays.

     

    Smart mirrors that use cameras as a replacement for standard mirrors can record live footage of their surroundings.

     

    These cameras provide a greater field of view, remove blind areas, and improve visibility in bad weather.

     

    To increase visibility, they can also include cutting-edge capabilities like image stabilization and low-light enhancement.

     

    Several rearview mirrors now feature gesture control technology.

     

    This enables drivers to control the mirror’s functionality with simple hand movements, such as changing the display or accessing particular features.

     

    Gesture control makes it simple and hands-free to operate the mirror, improving driver convenience and safety.

     

    Rear-view mirrors are now capable of integrating a variety of sensors, including as rain sensors and ambient light sensors.

     

    These sensors regulate the brightness of the mirror or turn on functions like auto-dimming or rain-sensing wipers.

     

    Rear-view mirrors can also be integrated and functionally enhanced by connecting to other automotive systems and technologies, such as advanced driver assistance systems (ADAS).

     

    Transparent LCD Mirrors: Transparent LCD mirrors employ a transparent display with a reflective and transparent mode option.

     

    When in reflective mode, it works like a standard mirror and casts a clean reflection.

     

    While showing data from the car’s cameras or other sources, it allows the driver to view through the mirror in transparent mode. While retaining the use of a rearview mirror, this technology enhances visibility.

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET NEW PRODUCT LAUNCH

     

    Heavy-Duty Truck Replacement Mirror Glass Line Launched by Barco Inc.  As of right now, Barco sells side view mirror glass replacements for the Freightliner Cascadia, M2 106, M2 112, M2 Business, Century, and Columbia models.

     

    In addition to being sold online at Mirror Glass Plus and Raney’s Truck Parts, the mirrors are currently available for same-day shipping on the Barco website.

     

    The websites of Advance Auto Parts, AutoZone, O’Reilly Auto Parts, and other significant retail chains will soon have them available.

     

    Distributors, repair facilities, and glass stores that serve heavy-duty vehicles can place direct orders on Burco’s website.

     

    Any motorist who operates a heavy-duty truck in an environment with narrow spaces and challenging conditions will experience a crisis if their side view mirror breaks.

     

    Since it can be difficult to find replacement mirror glass for many heavy-duty cars, owners frequently replace their entire mirror assemblies when only the mirror glass needs to be changed.

     

    It made the decision to apply its 45 years of expertise in producing high-quality, simple-to-install replacement mirror glass for cars and light-duty trucks to the heavy-duty market because it fits those needs.

     

    Like all Barco mirrors, the replacement mirrors for heavy-duty vehicles are precisely built to match the original mirrors on such vehicles.

     

    Mirrors for GM LCF, International and Mack, as well as other heavy-duty vehicles, are soon to be released by Burco.

     

    Likewise for more than 4,500 car models, they want to provide replacement mirror glass for hundreds of heavy-duty vehicles and maintain them in stock for same-day shipping.

     

    The two newest features of the state-of-the-art Driver and Occupants Monitoring Systems and Advanced Surround View Monitoring Systems, Auto Mirror Adjustment (AMA) and “Jelly View,” are being introduced by Vin AI for the first time in the globe.

     

    The Vin Fast VF 8 and VF 9 now offer a new generation of smart devices powered by Vin AI.

     

    The specifically outfitted EVs come with a full complement of driver and occupant monitoring systems as well as an advanced surround view monitoring system that uses cutting-edge AI technology created by Vin AI.

     

    This groundbreaking feature allows drivers to adjust their mirrors to their exact specifications by simply pressing a button. When driving becomes safer, the function will then show the ideal mirror alignment position.

     

    In order to effectively forecast eye location, Vin AI just needs one infrared camera, as opposed to the two or more required to tackle the problem normally.

     

    Along with the entire suite of Driver and Occupants Monitoring System (DMS/OMS) capabilities, including extremely accurate facial recognition for theft prevention, Driver Drowsiness and Attention Warning, Advanced Driver Distraction Warning, and dangerous behavior detection, this function is demonstrated live.

     

    DMS/OMS can operate on a variety of SoCs, including those from Nvidia, Qualcomm, Renesas, Ambarella, and others.

     

    Jelly picture, the most recent addition to the Advanced Surround View Monitoring System (ASVM), delivers a completely transparent, 360-degree picture of the vehicle, providing live, uninterrupted imagery of all surroundings.

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET RECENT PRODUCT DEVELOPMENT AND INNOVATION

     

    Modern car accessories like the Nissan Auto-Dimming Rear-View Mirror are made to make driving safer and more convenient. This unique mirror makes use of cutting-edge technology to automatically decrease headlight glare so that users can see the road clearly and unhindered.

     

    Electro chromatic technology, which enables the mirror to dim in reaction to changing lighting conditions, is at the heart of the Auto-Dimming Rear-View Mirror.

     

    A built-in sensor recognizes the increased light intensity when bright headlights from vehicles behind the driver shine onto the mirror’s surface and starts the dimming procedure. The driver’s vision is protected because this change occurs in real-time and is seamless.

     

    The Nissan Auto-Dimming Rear-View Mirror’s contribution to nighttime driving safety is one of its main features. Headlight glare can be obstructive and even momentarily blinding, which presents a serious risk to drivers.

     

    By ensuring that the driver maintains ideal sight without being blinded by harsh light, the auto-dimming feature helps to reduce this risk. This feature is very useful when traveling through dimly lit places or at night, bad weather, or when driving.

     

    To increase its usefulness, the mirror frequently integrates additional features. Compass displays, temperature readings, and even Home link systems, which can operate compatible home automation equipment like garage doors and security systems, are included into several versions.

     

    The more complete and convenient driving experience that is made possible by these enhanced capabilities. The Nissan Auto-Dimming Rear-View Mirror is relatively simple to install and may frequently be done as part of routine auto maintenance or customization. It easily blends into the interior décor of the car and takes the place of the normal rearview mirror.

     

    With its enhanced degree of safety, comfort, and convenience, the Gentex 50-9010227001M Auto-Dimming Rearview Mirror is the pinnacle of automotive innovation.

     

    This mirror redefines the rearview experience by successfully reducing glare and offering an improved field of vision thanks to its cutting-edge technology and seamless integration. The innovative electro chromatic dimming technology of the Gentex 50-9010227001M lies at the heart of the product.

     

    Using sophisticated sensors, this technology enables the mirror to automatically change its color according to the amount of light that it receives. The sensors detect the surplus light and start the dimming procedure when bright headlights from vehicles behind beam on the mirror.

     

    The driver’s line of sight remains unhindered and glaring distractions are greatly reduced thanks to this dynamic adjustment that happens in real-time. The auto-dimming feature of the mirror is revolutionary, especially when driving at night or in inclement weather.

     

    It improves road safety and lowers the chance of accidents by lowering glare, which stops temporary blindness brought on by bright lighting. The technique is especially useful when traveling on highways, in congested areas, or when coming across cars with misaligned headlights.

     

    The Gentex 50-9010227001M Auto-Dimming Rearview Mirror frequently combines extra features that enhance the driving experience in addition to its primary purpose. Many models come equipped with integrated compass displays, temperature gauges, and HomeLink technologies.

     

    The temperature gauge makes sure that drivers are aware of the present weather conditions while the compass gives them a feeling of direction.

     

    AUTOMOTIVE REAR VIEW MIRROR MARKET COMPETITIVE LANDSCAPE

     

    The major designers and developers of automotive rearview mirrors are Gentex Corporation (US), Ficus (Spain), Ichikoh (Japan), SL Corporation (South Korea), Fleabag GmbH (Germany) and Sam Vardhan Mother son Reflected (India).

     

    Ichikoh and Ficus have been pioneers in smart camera rearview mirrors segment.

     

    The incorporation of camera and sensors has led to rise of many electric and electronic component manufacturers to blend in the manufacturing of the camera driven mirror market. One such company is Stoneridge Inc from USA. 

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
       
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