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

NEW YORK, March 30, 2022 /PRNewswire/ — According to the report “Automotive Electrically Adjustable Outside Rear View (ORVM) Mirror Market by Application and Geography – Forecast and Analysis 2022-2026“, the market will witness a YOY growth of 4.51% in 2022 and a CAGR of 4.71% during the forecast period. The report is segmented by application (passenger vehicles and commercial vehicles) and geography (APAC, Europe, North America, South America, and Middle East and Africa).

Technavio has announced its latest market research report titled Automotive Electrically Adjustable Outside Rear View (ORVM) Mirror Market by Application and Geography - Forecast and Analysis 2022-2026

Technavio has announced its latest market research report titled Automotive Electrically Adjustable Outside Rear View (ORVM) Mirror Market by Application and Geography – Forecast and Analysis 2022-2026

For more insights related to the market, Read our FREE Sample Report

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.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read Free Sample Report.

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.

Know more about this market’s geographical distribution along with the detailed analysis of the top regions. View Our Report Snapshot

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.

View FREE Sample: to know additional highlights and key points on various market segments and their impact in coming years.

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.

Customize Your Report

Don’t miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer USD 1,000 worth of FREE customization at the time of purchase. Speak to our Analyst now!

Related Reports:

Automotive Diesel Filter Market by Application and Geography – Forecast and Analysis 2022-2026

Heavy-duty Vehicle Braking System Market by Application and Geography – Forecast and Analysis 2022-2026

Automotive Electrically Adjustable Outside Rear View (ORVM) Mirror Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.71%

Market growth 2022-2026

USD 2.04 billion

Market structure

Fragmented

YoY growth (%)

4.51

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 52%

Key consumer countries

US, China, Japan, South Korea, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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., and Tokai Rika Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us:

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

Cision

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/automotive-electrically-adjustable-outside-rear-view-orvm-mirror-market-size-to-grow-by-usd-2-04-billion-technavio-301512851.html

SOURCE Technavio

Katherine T. Burrows

Next Post

Classic Chevelle Wrecks Out Leaving UK Car Show

Fri Apr 8 , 2022
⚡️ Read through the full posting on Motorious Occasionally you genuinely shouldn’t deliver it… Displaying off although leaving a car display is a widespread apply, but that does not mean it is a good concept. To evidently illustrate why you could want to believe very first before executing that burnout […]