Automotive Electrically Adjustable Outside Rear View (ORVM) Mirror Market 2023-2027
The automotive electrically adjustable outside rear view (ORVM) mirror market is forecasted to grow by USD 2,191.71 mn during 2022-2027, accelerating at a CAGR of 4.81% during the forecast period. The report on the automotive electrically adjustable outside rear view (ORVM) mirror market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for electrically adjustable OVRMs with advanced functionalities, increasing safety concerns in automotive ecosystem, and increasing preference for safe and convenient features in vehicles.
Technavio's automotive electrically adjustable outside rear view (ORVM) mirror market is segmented as below:
By Application
- Passenger vehicles
- Commercial vehicles
By Type
- Memory storage
- Foldable
- Heatable
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the emergence of surround-view mirror systems as one of the prime reasons driving the automotive electrically adjustable outside rear view (ORVM) mirror market growth during the next few years. Also, growing advances in automotive camera technology and increasing availability of electrically adjustable ORVMs in entry-segment vehicles in APAC will lead to sizable demand in the market.
The report on the automotive electrically adjustable outside rear view (ORVM) mirror market covers the following areas:
- Automotive electrically adjustable outside rear view (ORVM) mirror market sizing
- Automotive electrically adjustable outside rear view (ORVM) mirror market forecast
- Automotive electrically adjustable outside rear view (ORVM) mirror market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive electrically adjustable outside rear view (ORVM) mirror market vendors that include BEEKAY AUTOMOTIVES, Enginetech Systems Pvt. Ltd., FLABEG Automotive Glass Group GmbH, Gentex Corp., Hilux Auto Electric Pvt. Ltd., Ishizaki Holdings Corp., Magna International Inc., MEKRA Lang GmbH and Co. KG, MinebeaMitsumi Inc., Mitsuba Corp., Murakami Corp., Panasonic Holdings Corp., Royal Auto Product, Sakae Riken Kogyo Co. Ltd., Samvardhana Motherson International Ltd., SL Corp., Valeo SA, Tata Sons Pvt. Ltd., and Tokai Rika Co. Ltd.. Also, the automotive electrically adjustable outside rear view (ORVM) mirror market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.