Automotive Electrically Adjustable Outside Rear View (ORVM) Mirror Market to grow by USD 2.1 billion from 2022 to 2027 | Increasing demand for electrically adjustable ORVMs with advanced functionalities boosts the market -Technavio

NEW YORK, Oct. 4, 2023 /PRNewswire/ -- The automotive electrically adjustable outside rear view (ORVM) mirror market is estimated to grow by USD 2.1 billion from 2022 to 2027, growing at a CAGR of 4.81%. The automotive electrically adjustable outside rear view (ORVM) mirror market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer automotive electrically adjustable outside rear view (ORVM) mirror market are 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 . The report provides a full list of key companies, their strategies, and the latest developments. Download Free Sample before buying

Company Offering:

• FLABEG Automotive Glass Group GmbH : The company offers automotive electrically adjustable outside rear view mirrors for a larger field of vision and significant blind spot elimination to intelligent bending technology.
• For details on companies and their offerings – Buy report!

By Geography, the market is classified as APAC, Europe, North America, South America, and Middle East and Africa. APAC will have the largest share of the market.

APAC accounts for 48% of the growth of the global market during the forecast period. One of the fastest-growing regions in the global automotive electrically adjustable outside rear view (ORVM) mirror market is APAC. Some of the major countries that are significantly contributing to the market include China, India, South Korea, and Japan. In addition, several vehicle manufacturers in the APAC region are providing electrically adjustable ORVMs as standard or optional equipment in their vehicles. Hence, the increasing adoption of electrically adjustable ORVM in these vehicles is contributing to its dominant market share. One of the main reasons is that most of the passenger cars (across all segments) come equipped with electrically adjustable ORVMs. Hence, such factors are driving the market growth in the region during the forecast period.

Download free sample report to get more insights on the market share of various regions and contribution of the segments.

• Impactful driver- Increasing demand for electrically adjustable ORVMs with advanced functionalities
• Key Trend - Emergence of surround-view mirror systems
• Major Challenges - The technical issues associated with automotive electrically adjustable ORVMs

 Market Segmentation

The market share growth of the passenger vehicles segment will be significant during the forecast period. Some of the key classifications of passenger vehicles include entry-segment, mid-segment, and premium or luxury-segment vehicles. In addition, the electrically adjustable ORVMs can be fitted as standard equipment in medium and premium segment vehicles. The increasing demand for electrically adjustable ORVMs in passenger cars is expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

Technavio Research experts have provided more insights on the market share of segments - View Free Sample Report

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TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Type

8 Market Segmentation by Geography

9 Customer Landscape

10 Geographic Landscape

11 Drivers, Challenges, and Trends

12 Vendor Landscape

13 Vendor Analysis

14 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact US:

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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