Automotive power mirror is an electrically powered side-view mirror placed on the exterior of the vehicle to provide a view of the surroundings behind the vehicle. The automotive power mirror enables the driver to adjust or control the mirror from inside the vehicle cabin. The automotive power mirror may also be heated in order to maintain a clear vision even during fogging and icing.

Rising vehicle sales is a major driver of the automotive power mirror market. Increasing popularity of SUVs is boosting the demand for automotive power mirror. A power mirror is necessary in SUVs owing to high clearance of these vehicles. In SUVs, such as Toyota’s Fortuner, the power mirror is mounted on the hood instead of the pillar to gain wider visibility. In SUVs such as Ford Everest or Endeavor, the mirror is also attached to the rear windshield, as there is a blind spot in the rear due to these vehicles’ high clearance. This, in turn, is the boosting the automotive power mirror market. Power mirrors are mandatory, in order to ensure safety, leading to the rise in adoption of electronics. This, in turn, is anticipated to drive the demand for power mirrors, thereby fueling the automotive power mirror market. Integration of electronics has provided features such as auto-dimming and heated power mirrors. The auto-dimming feature improves visibility, as it reduces the glare of oncoming vehicles. Auto-dimming power mirror uses an electrochromic material which changes color when a voltage passes through it. The demand for auto-dimming type of power mirror is estimated to rise during the forecast period, as they help optimize vision and aid the driver thus, improving safety. Increased adoption of driver assistance feature has led to the integration of radar, LiDAR, sensors, and cameras being integrated in the power mirrors. Rise in automation trend is expected to further drive the development of power mirrors with integrated cameras and vision sensors.

The high price of power mirror is a key factor restraining the growth of market. However, premium vehicles and higher model version use electric vehicle there penetration in entry level segment is expected to rise due to rising competition among automakers and need of product differentiating factor.

The global automotive power mirror market can be segmented based on feature, vehicle type, sales channel, and region. Based on feature, the automotive power mirror market can be segregated into conventional, heated, and auto-dimming. The conventional power mirror held a prominent share of the market. However, heated and auto-dimming segments are anticipated to expand during the forecast period.

In terms of vehicle type, the automotive power mirror market can be classified into passenger vehicle, light commercial vehicle, and heavy commercial vehicle.

Based on sales channel, the automotive power mirror market can be bifurcated into OEM and aftermarket. Power mirrors are generally offered as OE feature and thus, the OEM segment is anticipated to lead the market.

In terms of region, the automotive power mirror market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to lead the global automotive power mirror market due to rapid economic expansion witnessed in developing countries, which in turn is boosting sales of vehicles in these countries.

Key players operating in the global automotive power mirror market include Ficosa International SA, Samvardhana Motherson Group, Magna International Inc., Ichikoh Industries, Ltd., and Murakami Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Automotive Power Mirror Market

Pre Book