Rear-View Mirror Market

Rear-View Mirror Market Overview

The global Rear-View Mirror Market size was valued at USD 6.22 billion in 2024 and is predicted to reach USD 8.39 billion by 2030 with a CAGR of 5.1% from 2025-2030.

Factors such as increase in vehicle sale along with technological advancement and rising road traffic accidents drives the market growth. Nevertheless, the availability of other alternatives including 360-degree camera systems pose significant challenges to market expansion. On the contrary, the adoption of digital rear-view mirror offers promising future opportunities to enhance product functionality and improve user experience. 

Moreover, the top players such Motherson Group, Magma International Inc., and Gentex Corporation are taking various initiates such as product launch, partnerships and acquisition in order to enhance their market expansion. These initiatives are expected to enhance the visibility of drivers while traveling addressing safety regulations. As the market evolves, the increasing demand for more high-tech products is set to enhance functionality and user experience, thereby centralizing its place in automotive safety systems.

Rising Vehicle Sale Worldwide Boost the Rear-View Mirror Market Growth

The growing sale of vehicle all across the globe is driving the rear-view mirror market demand, due to the fact that it enhances driver visibility and safety by providing a clear view of surrounding traffic and obstacles, minimizing the possibility of crashes. 

As per the latest report by the International Energy Agency, sales of vehicles grew by 5%, going from 72.8 million to 76.6 million cars from 2022 to 2023. This rise in vehicle sales underlines the growing significance of rear facing mirrors in improving vehicle safety.

Increasing Technological Advancement Fuels the Market Growth

The ongoing digital transformation in rear view mirror such as integrated cameras and smart displays fuel the market growth by enhancing visibility along with safety and convenience for real time video footage. 

For example, Safety Tech introduced a new camera mirror system in August 2023 to enhance vehicle safety and improve visibility. 

This new system replaces conventional mirrors with HD cameras that give the driver a clearer look at their surroundings. These innovations represent the industry's commitment to enhance the driver safety and experience through advanced rear facing mirror technologies.

Growing Number of Road Traffic Accidents Worldwide Fuels the Market Growth

The increasing road traffic accidents across the globe is propelling the rear-view mirror market trends as the enhanced visibility ensures optimum safety for the vehicle, increasing awareness among vehicle owners that is compelling manufacturers to invest in the latest technologies to reduce blind spots and improve overall car safety. 

As per 2023 report by World health organization approximately 1.19 of the people are losing their lives due to road traffic crashes every year. The urgent need to improve vehicle safety in response to rising traffic fatalities significantly propels the demand for advanced rear facing mirrors.

Availability of Alternatives Hinders the Market Growth

The presence of alternative options including the 360-degree camera systems limits the of rear-view mirror market expansion as it offers superior visibility and safety features, thereby hindering market challenges.

Integration of Digital Rear-View Mirror Creates Future Opportunities

The incorporation of digital rear-view mirror is expected to create future market opportunities. Polestar developed a digital rearview mirror in February 2024 that enhances the visibility of drivers while traveling during harsh weather conditions that leads to the development of automotive safety solutions.

Market Segmentations and Scope of the Study

The rear-view mirror market report is segmented on the basis of type, features, mounting location, vehicle type, sales channel, and region. On the basis of type, the market is segmented into exterior mirror and interior mirror. On the basis of product type, the market is classified into smart rear-view mirror and conventional rear-view mirror. On the basis of features, the market is divided into auto-dimming, blind spot detection, power control, automatic folding, heating function, and others. On the basis of mounting location, the market is segmented into door mounted location and body mounted location. On the basis of vehicle type, the market is classified into private vehicle and commercial vehicle. On the basis of sales channel, the market is divided into OEMs and aftermarket. The regional breakdown includes regions such as North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

Geographical Analysis

Asia-Pacific region witnesses the major share of the industry and is expected to continue its dominance during the forecast period. This is attributed to the growing government regulations that maintains the use of rear-facing mirror and monitoring systems to enhance visibility and reduce accidents. 

For instance, Automotive Industry Standard Committee developed India’s draft AIS-002, under the Ministry of Road Transport and Highways in 2022. It focuses on the installation of rear facing mirrors and indirect vision devices in vehicles, ensuring safety and compliance. These law urges the manufacturers to develop innovative safety solutions that offers growth opportunity for the market.

Moreover, the growing automotive industry in the region also propels demand for rear mirrors due to the increasing production and sale of vehicles. As consumers buy more cars, manufacturers emphasize the incorporation of advanced rearview mirror technologies to improve safety and visibility. 

According to the report issued in 2024 by the Institute for Management Development, China now became the most significant automotive production sector in the world, with over 30 million vehicles set to roll out in 2023. Such rise in automotive production boosts the importance of new technologies as far as rear-view mirror technologies are concerned.

On the other hand, North America region witnesses fastest growing in the rear-view mirror market share due to increasing road traffic deaths that drives need for rear facing mirrors. 

According to the latest report from the U.S. Department of Transportation, roadway deaths in the U.S. rose to 42,514 people in 2023, a 10% increase from 2020. Therefore, the ongoing focus on safety emphasizes the crucial role of advanced rear facing mirror in reducing traffic-related fatalities in this region. 

Also, increasing advancements in rear facing mirrors such as digital displays and camera integration in modern vehicles boost the growth of market due to heightened demand for improved safety features and visibility. 

Gentex Corporation developed an advanced rear view mirror system in January 2024 that is designed to improve driver visibility and enhance safety. This innovation highlights the industry’s commitment on integrating advanced safety features to meet the growing consumer demand for better driver visibility and security.

Competitive Landscape

Various key players operating in the rear-view mirror industry are Motherson Group, Magma International Inc., Gentex Corporation, Ficosa International S.A., Murakami Corporation, FLABEG Holding GmbH, Enginetech Systems, Ampas Auto Mirror Corporation, Uno Minda Ltd., Tokairika,Co, Ltd., SL Corporation, Burco Inc., Pioneer Corporation, Lumax Genuine Spares Pvt Ltd., Modern Auto Products Corporation, and others. These market players continue to adopt various strategies such as, partnership and product launch to maintain their dominance in the market.

For example, in July 2024, Tokairika,Co, Ltd. made partnership with Suzuki to develop a rearview camera system to enhance motorcycle safety and design that consist of a wide-angle camera to provide riders with clear vision of their surroundings.

Also, in March 2024, Uno Minda launched a new series of four-wheeler rearview mirrors aimed at boosting road user safety and enhancing the driving experience. These mirrors are designed to improve visibility that aids drivers in staying conscious of their environment that is important for avoiding road accidents.

Key Benefits

• The report provides quantitative analysis and estimations of the rear-view mirror industry from 2025 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the current and future rear-view mirror market trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the rear-view mirror market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Rear-View Mirror Market Key Segments

By Type 

• Exterior Mirror

• Interior Mirror

By Product Type

• Smart Rear-View Mirror

• Conventional Rear-View Mirror

By Features

• Auto-Dimming

• Blind Spot Detection

• Power Control

• Automatic Folding

• Heating Function

• Others

By Mounting Location 

• Door Mounted Location

• Body Mounted Location

By Vehicle Type 

• Private Vehicle

• Commercial Vehicle

By Sales Channel 

• OEMs 

• Aftermarket

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France    

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• Motherson Group

• Magma International Inc.

• Gentex Corporation 

• Ficosa International S.A. 

• Murakami Corporation 

• FLABEG Holding GmbH 

• Enginetech Systems 

• Ampas Auto Mirror Corporation

• Uno Minda Ltd.

• Tokairika,Co, Ltd.

• SL Corporation

• Burco Inc.

• Pioneer Corporation

• Lumax Genuine Spares Pvt Ltd.

• Modern Auto Products Corporation

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2024	USD 6.22 Billion
Revenue Forecast in 2030	USD 8.39 Billion
Growth Rate	CAGR of 5.1% from 2025 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	The increase in vehicle sale boost the growth of market. The ongoing technological advancements boost the growth of the market. Rising road traffic accidents globally is boosting the market.
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.