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Global Automotive Outside Mirror Market Research Report 2024(Status and Outlook)

Global Automotive Outside Mirror Market Research Report 2024(Status and Outlook)

  • Published on : 22 October 2024
  • Pages :209
  • Report Code:SMR-8014117

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Report overview

The global Automotive Outside Mirror market size was valued at US$ 8.76 billion in 2024 and is projected to reach US$ 11.23 billion by 2030, at a CAGR of 4.2% during the forecast period 2024-2030.

The United States Automotive Outside Mirror market size was valued at US$ 1.87 billion in 2024 and is projected to US$ 2.34 billion by 2030, at a CAGR of 3.8% during the forecast period 2024-2030.

Automotive-Outside-Mirror-market

Automotive Outside Mirrors, also known as side-view mirrors, are external mirrors mounted on both sides of a vehicle to provide the driver with visibility of adjacent lanes and the area behind the vehicle.

The global Automotive Outside Mirror market is experiencing moderate growth, driven by increasing vehicle production and the integration of advanced features in mirrors. In 2023, total production reached 210 million units, with passenger vehicles accounting for 85% of market value. The market saw a 30% increase in demand for camera-integrated mirrors in 2023, supporting advanced driver assistance systems (ADAS). Traditional glass mirrors still dominate with a 75% market share, but camera monitoring systems are growing at 15% annually, especially in premium vehicles. Asia Pacific leads with a 45% market share, while Europe is the fastest-growing region at 4.8% CAGR due to regulatory support for camera-based systems. The industry is focusing on developing aerodynamic mirror designs for improved fuel efficiency, with a 25% increase in R&D investments for computational fluid dynamics simulations.

Report Overview

Automotive outside mirror is the exterior mirror located on each side of a vehicle, which is an important safety feature because, when angled correctly, it allows the driver to see what is in the blind spot of their peripheral vision.

This report provides a deep insight into the global Automotive Outside Mirror market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Automotive Outside Mirror Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Automotive Outside Mirror market in any manner.

Global Automotive Outside Mirror Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

  • Magna International (Canada)
  • HELLA (Germany)
  • CIE Automotive (Spain)
  • Tokai Rika (Japan)
  • Mitsuba (Japan)
  • Ningbo Huaxiang Electronic (China)
  • Gentex (USA)
  • SL (Korea)
  • Ichikoh Industries (Japan)
  • Murakami (Japan)
  • Tata AutoComp Systems (India)
  • Including or Excluding key companies relevant to your analysis.

Market Segmentation (by Type)

  • Power Mirrors
  • Manual Mirrors

Market Segmentation (by Application)

  • Passenger Cars
  • Commercial Vehicles

Geographic Segmentation

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Automotive Outside Mirror Market
  • Overview of the regional outlook of the Automotive Outside Mirror Market:

Key Reasons to Buy this Report:

  • Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter