The global market for Automotive Electric Side View Mirrors was valued at US$14.6 Billion in 2024 and is projected to reach US$24.4 Billion by 2030, growing at a CAGR of 9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Technological advancements have played a significant role in the evolution of automotive electric side view mirrors. Modern mirrors are increasingly incorporating sophisticated electronics and sensor technologies to improve functionality and integration with other vehicle systems. For example, mirrors with built-in cameras provide real-time video feeds to the vehicle’s infotainment system, offering expanded visibility and aiding in tasks such as reversing and blind-spot monitoring. Sensor-equipped mirrors can detect obstacles and alert the driver through visual or auditory signals, reducing the risk of collisions. Furthermore, the advent of smart mirrors, which can display navigation information or other data, represents a growing trend in the integration of side view mirrors with the vehicle's overall digital ecosystem. These innovations not only enhance safety and convenience but also contribute to a more seamless and connected driving experience.
The growth in the automotive electric side view mirrors market is driven by several factors. Increasing consumer demand for advanced safety features and convenience in vehicles is a primary driver, as more drivers seek technologies that enhance their driving experience and ensure their safety. The rising trend of vehicle electrification and the integration of advanced driver-assistance systems (ADAS) are also contributing to market growth, as these mirrors play a crucial role in the functionality of these systems. Additionally, stringent safety regulations and standards set by governments and automotive safety organizations are pushing manufacturers to adopt advanced mirror technologies. The proliferation of connected and autonomous vehicles, which require highly sophisticated and reliable sensor and camera systems, is further accelerating demand for advanced electric side view mirrors. These factors, combined with ongoing advancements in mirror technology and increasing consumer awareness of vehicle safety, ensure robust growth in the automotive electric side view mirrors market, meeting the evolving needs of the automotive industry and its customers.
Automotive Electric Side View Mirrors - Key Trends and Drivers
Automotive electric side view mirrors are a critical component in modern vehicle design, offering enhanced functionality and safety compared to their manual counterparts. These mirrors, also known as power mirrors, can be adjusted electronically from inside the vehicle, providing drivers with a more convenient and precise way to modify their view. This capability is particularly beneficial for drivers when adjusting mirrors to accommodate different seating positions or to respond to changing road conditions. Additionally, electric side view mirrors often include features such as defrosting, which clears the mirror surface of frost and fog, and auto-dimming, which reduces glare from headlights of trailing vehicles. Some advanced models even integrate indicators, cameras, and sensors to assist with lane changes and parking, further enhancing driver awareness and vehicle safety.Technological advancements have played a significant role in the evolution of automotive electric side view mirrors. Modern mirrors are increasingly incorporating sophisticated electronics and sensor technologies to improve functionality and integration with other vehicle systems. For example, mirrors with built-in cameras provide real-time video feeds to the vehicle’s infotainment system, offering expanded visibility and aiding in tasks such as reversing and blind-spot monitoring. Sensor-equipped mirrors can detect obstacles and alert the driver through visual or auditory signals, reducing the risk of collisions. Furthermore, the advent of smart mirrors, which can display navigation information or other data, represents a growing trend in the integration of side view mirrors with the vehicle's overall digital ecosystem. These innovations not only enhance safety and convenience but also contribute to a more seamless and connected driving experience.
The growth in the automotive electric side view mirrors market is driven by several factors. Increasing consumer demand for advanced safety features and convenience in vehicles is a primary driver, as more drivers seek technologies that enhance their driving experience and ensure their safety. The rising trend of vehicle electrification and the integration of advanced driver-assistance systems (ADAS) are also contributing to market growth, as these mirrors play a crucial role in the functionality of these systems. Additionally, stringent safety regulations and standards set by governments and automotive safety organizations are pushing manufacturers to adopt advanced mirror technologies. The proliferation of connected and autonomous vehicles, which require highly sophisticated and reliable sensor and camera systems, is further accelerating demand for advanced electric side view mirrors. These factors, combined with ongoing advancements in mirror technology and increasing consumer awareness of vehicle safety, ensure robust growth in the automotive electric side view mirrors market, meeting the evolving needs of the automotive industry and its customers.
Report Scope
The report analyzes the Automotive Electric Side View Mirrors market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments
Application (Passenger Cars Application, Commercial Vehicles Application).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Passenger Cars Application segment, which is expected to reach US$18.8 Billion by 2030 with a CAGR of a 8.8%. The Commercial Vehicles Application segment is also set to grow at 9.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $3.9 Billion in 2024, and China, forecasted to grow at an impressive 12.5% CAGR to reach $5.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Ficosa Internacional SA, Fiem Industries Ltd., FLABEG Automotive Glass Group GmbH, Gentex Corp., Magna International Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Automotive Electric Side View Mirrors Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Electric Side View Mirrors Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Automotive Electric Side View Mirrors Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 44 major companies featured in this Automotive Electric Side View Mirrors market report include:
- Ficosa Internacional SA
- Fiem Industries Ltd.
- FLABEG Automotive Glass Group GmbH
- Gentex Corp.
- Magna International Inc.
- MEKRA Lang GmbH and Co. KG
- Minebea AccessSolutions Inc
- Motherson Group
- Murakami Corp.
- Rosco, Inc.
- Sakae Riken Kogyo Co. Ltd.
- SL Corporation
- Stoneridge Inc.
- Sunway Autoparts
- Tokai Rika Co. Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ficosa Internacional SA
- Fiem Industries Ltd.
- FLABEG Automotive Glass Group GmbH
- Gentex Corp.
- Magna International Inc.
- MEKRA Lang GmbH and Co. KG
- Minebea AccessSolutions Inc
- Motherson Group
- Murakami Corp.
- Rosco, Inc.
- Sakae Riken Kogyo Co. Ltd.
- SL Corporation
- Stoneridge Inc.
- Sunway Autoparts
- Tokai Rika Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 182 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 14.6 Billion |
| Forecasted Market Value ( USD | $ 24.4 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
