Automotive Electrically Adjustable Outside Rear View (ORVM) Mirror Market size to grow by USD 2.04 billion| Technavio

Vendor Insights 

The automotive electrically adjustable outside rear view (ORVM) mirror market is fragmented, and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• BEEKAY AUTOMOTIVES
• Enginetech Systems Pvt. Ltd.
• Ficosa Internacional SA
• FLABEG Automotive Glass Group GmbH
• Gentex Corp.
• Hilux Auto Electric Pvt. Ltd.
• Honda Lock Mfg. Co. Ltd.
• ICHIKOH INDUSTRIES LTD.
• Ishizaki Honten Co. Ltd.
• Magna International Inc.
• MEKRA Lang GmbH and Co. KG
• Mitsuba Corp.
• Motherson Sumi Systems Ltd.
• Murakami Corp.
• Royal Auto Product
• Sakae Riken Kogyo Co. Ltd.
• SL Corp.
• Tata Sons Pvt. Ltd.
• Tokai Rika Co. Ltd.

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Geographical Market Analysis 

APAC will provide maximum growth opportunities in the automotive electrically adjustable outside rear view (ORVM) mirror market during the forecast period. According to our research, the region will contribute to 52% of the global market growth during the forecast period. China, Japan, and South Korea are the key countries for the market in APAC. Vehicle manufacturers offer electrically adjustable ORVMs in their vehicles as standard or optional fitment, which will facilitate the automotive electrically adjustable outside rear view (ORVM) mirror market growth in APAC over the forecast period.

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Key Segment Analysis

The automotive electrically adjustable outside rear view (ORVM) mirror market share growth by the passenger vehicles segment will be significant during the forecast period. In recent years, automotive OEMs have introduced advanced autonomous technologies such as adaptive cruise control and autonomous emergency braking. Such developments are anticipated to drive the segment growth during the forecast period.

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Key Market Drivers & Challenges: 

The increasing demand for electrically adjustable ORVMs with advanced functionalities is challenging the automotive electrically adjustable outside rear view (ORVM) mirror market growth. These mirrors are integrated with advanced functionalities such as heated mirrors, puddle lamps, and mirrors with auto-fold function. Features such as heated mirrors and auto-tilt mirrors improve the functionality of electrically adjustable ORVMs. Hence, the growing integration of advanced features in electrically adjustable ORVMs is driving the growth of the market in focus.  

Government regulations regarding automotive mirrors are challenging the automotive electrically adjustable outside rear view (ORVM) mirror market growth. The majority of states in the US have laws requiring automobiles to have rear-view mirrors. However, technological developments in the automotive industry have outpaced developments in regulatory systems followed in various countries. This has restricted vehicle manufacturers from equipping vehicles with certain technologies.

Download free sample for highlights on market Drivers & Challenges impacting the automotive electrically adjustable outside rear view (ORVM) mirror market. 

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Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Passenger vehicles - Market size and forecast 2021-2026
• Exhibit 28: Chart on Passenger vehicles - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Passenger vehicles - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Passenger vehicles - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Passenger vehicles - Year-over-year growth 2021-2026 (%)

• 5.4 Commercial vehicles - Market size and forecast 2021-2026
• Exhibit 32: Chart on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Commercial vehicles - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Commercial vehicles - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Application
• Exhibit 36: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 US - Market size and forecast 2021-2026
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026
• Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 South Korea - Market size and forecast 2021-2026
• Exhibit 78: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on South Korea - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Ficosa Internacional SA
• Exhibit 89: Ficosa Internacional SA - Overview
• Exhibit 90: Ficosa Internacional SA - Product / Service
• Exhibit 91: Ficosa Internacional SA - Key offerings

• 10.4 Honda Lock Mfg. Co. Ltd.
• Exhibit 92: Honda Lock Mfg. Co. Ltd. - Overview
• Exhibit 93: Honda Lock Mfg. Co. Ltd. - Product / Service
• Exhibit 94: Honda Lock Mfg. Co. Ltd. - Key offerings

• 10.5 ICHIKOH INDUSTRIES LTD.
• Exhibit 95: ICHIKOH INDUSTRIES LTD. - Overview
• Exhibit 96: ICHIKOH INDUSTRIES LTD. - Business segments
• Exhibit 97: ICHIKOH INDUSTRIES LTD. - Key offerings
• Exhibit 98: ICHIKOH INDUSTRIES LTD. - Segment focus

• 10.6 Ishizaki Honten Co. Ltd.
• Exhibit 99: Ishizaki Honten Co. Ltd. - Overview
• Exhibit 100: Ishizaki Honten Co. Ltd. - Product / Service
• Exhibit 101: Ishizaki Honten Co. Ltd. - Key offerings

• 10.7 Magna International Inc.
• Exhibit 102: Magna International Inc. - Overview
• Exhibit 103: Magna International Inc. - Business segments
• Exhibit 104: Magna International Inc. - Key news
• Exhibit 105: Magna International Inc. - Key offerings
• Exhibit 106: Magna International Inc. - Segment focus

• 10.8 MEKRA Lang GmbH and Co. KG
• Exhibit 107: MEKRA Lang GmbH and Co. KG - Overview
• Exhibit 108: MEKRA Lang GmbH and Co. KG - Product / Service
• Exhibit 109: MEKRA Lang GmbH and Co. KG - Key offerings

• 10.9 Mitsuba Corp.
• Exhibit 110: Mitsuba Corp. - Overview
• Exhibit 111: Mitsuba Corp. - Business segments
• Exhibit 112: Mitsuba Corp. - Key offerings
• Exhibit 113: Mitsuba Corp. - Segment focus

• 10.10 Motherson Sumi Systems Ltd.
• Exhibit 114: Motherson Sumi Systems Ltd. - Overview
• Exhibit 115: Motherson Sumi Systems Ltd. - Business segments
• Exhibit 116: Motherson Sumi Systems Ltd. - Key news
• Exhibit 117: Motherson Sumi Systems Ltd. - Key offerings
• Exhibit 118: Motherson Sumi Systems Ltd. - Segment focus

• 10.11 Murakami Corp.
• Exhibit 119: Murakami Corp. - Overview
• Exhibit 120: Murakami Corp. - Product / Service
• Exhibit 121: Murakami Corp. - Key offerings

• 10.12 Sakae Riken Kogyo Co. Ltd.
• Exhibit 122: Sakae Riken Kogyo Co. Ltd. - Overview
• Exhibit 123: Sakae Riken Kogyo Co. Ltd. - Product / Service
• Exhibit 124: Sakae Riken Kogyo Co. Ltd. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 125: Inclusions checklist
• Exhibit 126: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 127: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 128: Research methodology
• Exhibit 129: Validation techniques employed for market sizing
• Exhibit 130: Information sources

• 11.5 List of abbreviations
• Exhibit 131: List of abbreviations

About Us: 

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