Market Overview:
The global interior rear-view mirror market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for passenger cars, light commercial vehicles, trucks and buses across the globe. On the basis of type, conventional rear-view mirror held a dominant share in the global interior rear-view mirror market in 2017. However, smart rear-view mirrors are expected to exhibit higher growth rates during the forecast period owing to their enhanced features such as lane departure warning system (LDWS), forward collision warning system (FCWS), blind spot detection (BSD) and others. These features are increasingly being adopted by OEMs owing to stringent safety norms across regions. Passenger cars accounted for a majority share of the global interior rear-view mirror market in 2017 and is anticipated to maintain its dominance during 2018–2030. The increasing demand for passenger cars from developing countries such as China and India is expected propel this segment’s growth over the forecast period. Additionally, rising disposable income levels coupled with changing consumer preferences towards luxury vehicles are also fuelling demand for premium passenger cars equipped with advanced safety features including smart Rear View Mirrors (SRVM).
Product Definition:
A rear-view mirror is an object used in automobiles to allow the driver to see objects behind the vehicle. The interior rear-view mirror is a small mirror on the inside of the car that allows you to see what's going on behind you without having to turn your head.
Conventional Rear-view Mirror:
Conventional rear-view mirror is a type of vehicle rear-view mirror that has been in use since the early 20th century. The conventional rear-view mirrors are fixed to the vehicle's back window and have a horizontal field of view. The vertical field of view is provided by an inclined glass surface or by using a convex glass lens.
Smart Rear-view Mirror:
The smart rear-view mirror is a type of intelligent vehicle monitoring system that consists of a camera, which is fixed in the interior rear-view mirror. The image from the front parking camera or forward facing camera is reflected in this device. This product has been designed to meet the growing demand for enhanced safety and convenience in automobiles by providing features such as lane departure warning, adaptive cruise control, and collision avoidance braking technologies among others.
Application Insights:
Passenger cars application segment dominated the global interior rear-view mirror market in 2017, accounting for over 60.0% share of the overall revenue. The segment is expected to witness significant growth owing to rising demand for passenger vehicles among developing countries including China and India. Furthermore, increasing production of passenger cars in developed countries including Germany, U.K.
The light commercial vehicle (LCV) application segment accounted for a significant share in 2017 due largely to growing industrialization and urbanization resulting in an increased need for LCVs across various regions such as Asia Pacific, Middle East & Africa, Europe etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017. This is attributed to increasing sales of passenger cars and light commercial vehicles in China, India, and Japan. The growing adoption of advanced safety systems such as adaptive cruise control and blind-spot detection by drivers is expected to drive the demand for interior rearview mirror over the forecast period. Europe accounted for a significant share owing to high demand from private car owners for advanced safety systems including lane departure warning system, autonomous breaking system, active braking system, etc., which are integrated with interior rearview mirrors. Moreover, stringent government regulations regarding driver distraction while driving are anticipated to further boost product demand over the next eight years.
Growth Factors:
- Increasing demand for luxury cars
- Rising disposable income of consumers
- Technological advancements in mirror design and functionality
- Growing awareness about the benefits of interior rear-view mirrors
- Government regulations mandating the use of rear-view mirrors in vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Interior Rear-view Mirror Market Research Report
By Type
Conventional Rear-view Mirror, Smart Rear-view Mirror
By Application
Passenger Cars, Light Commercial Vehicles, Trucks, Buses
By Companies
Gentex Corporation, Samvardhana Motherson Reflectec, Magna International, Inc., Ficosa International SA, Continental AG, Murakami Corporation, Ichikoh Industries, Ltd., Mitsuba Corporation, Tokai Rika Co., Ltd., Mobvoi, Inc., Gentex Corporation, Honda Lock Mfg. Co., Ltd., Ishizaki Honten Company Limited, Flabeg Automotive Holding GmbH, Sakae Riken Kogyo Co., Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Interior Rear-view Mirror Market Report Segments:
The global Interior Rear-view Mirror market is segmented on the basis of:
Types
Conventional Rear-view Mirror, Smart Rear-view Mirror
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Light Commercial Vehicles, Trucks, Buses
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gentex Corporation
- Samvardhana Motherson Reflectec
- Magna International, Inc.
- Ficosa International SA
- Continental AG
- Murakami Corporation
- Ichikoh Industries, Ltd.
- Mitsuba Corporation
- Tokai Rika Co., Ltd.
- Mobvoi, Inc.
- Gentex Corporation
- Honda Lock Mfg. Co., Ltd.
- Ishizaki Honten Company Limited
- Flabeg Automotive Holding GmbH
- Sakae Riken Kogyo Co., Ltd.
Highlights of The Interior Rear-view Mirror Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Conventional Rear-view Mirror
- Smart Rear-view Mirror
- By Application:
- Passenger Cars
- Light Commercial Vehicles
- Trucks
- Buses
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Interior Rear-view Mirror Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An interior rear-view mirror is a mirror that is mounted on the inside of the rear window of a car. It allows drivers to see behind them while driving.
Some of the major companies in the interior rear-view mirror market are Gentex Corporation, Samvardhana Motherson Reflectec, Magna International, Inc., Ficosa International SA, Continental AG, Murakami Corporation, Ichikoh Industries, Ltd., Mitsuba Corporation, Tokai Rika Co., Ltd., Mobvoi, Inc., Gentex Corporation, Honda Lock Mfg. Co., Ltd., Ishizaki Honten Company Limited, Flabeg Automotive Holding GmbH, Sakae Riken Kogyo Co., Ltd..
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Interior Rear-view Mirror Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Interior Rear-view Mirror Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Interior Rear-view Mirror Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Interior Rear-view Mirror Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Interior Rear-view Mirror Market Size & Forecast, 2020-2028
4.5.1 Interior Rear-view Mirror Market Size and Y-o-Y Growth
4.5.2 Interior Rear-view Mirror Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Conventional Rear-view Mirror
5.2.2 Smart Rear-view Mirror
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Light Commercial Vehicles
6.2.3 Trucks
6.2.4 Buses
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Interior Rear-view Mirror Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Interior Rear-view Mirror Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Conventional Rear-view Mirror
9.6.2 Smart Rear-view Mirror
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Light Commercial Vehicles
9.10.3 Trucks
9.10.4 Buses
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Conventional Rear-view Mirror
10.6.2 Smart Rear-view Mirror
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Light Commercial Vehicles
10.10.3 Trucks
10.10.4 Buses
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Conventional Rear-view Mirror
11.6.2 Smart Rear-view Mirror
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Light Commercial Vehicles
11.10.3 Trucks
11.10.4 Buses
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Conventional Rear-view Mirror
12.6.2 Smart Rear-view Mirror
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Light Commercial Vehicles
12.10.3 Trucks
12.10.4 Buses
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Conventional Rear-view Mirror
13.6.2 Smart Rear-view Mirror
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Light Commercial Vehicles
13.10.3 Trucks
13.10.4 Buses
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Interior Rear-view Mirror Market: Competitive Dashboard
14.2 Global Interior Rear-view Mirror Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gentex Corporation
14.3.2 Samvardhana Motherson Reflectec
14.3.3 Magna International, Inc.
14.3.4 Ficosa International SA
14.3.5 Continental AG
14.3.6 Murakami Corporation
14.3.7 Ichikoh Industries, Ltd.
14.3.8 Mitsuba Corporation
14.3.9 Tokai Rika Co., Ltd.
14.3.10 Mobvoi, Inc.
14.3.11 Gentex Corporation
14.3.12 Honda Lock Mfg. Co., Ltd.
14.3.13 Ishizaki Honten Company Limited
14.3.14 Flabeg Automotive Holding GmbH
14.3.15 Sakae Riken Kogyo Co., Ltd.
