Automotive Electric Side View Mirrors

Global Automotive Electric Side View Mirrors Market to Reach US$24.4 Billion by 2030

The global market for Automotive Electric Side View Mirrors estimated at US$14.6 Billion in the year 2024, is expected to reach US$24.4 Billion by 2030, growing at a CAGR of 9.0% over the analysis period 2024-2030. Passenger Cars Application, one of the segments analyzed in the report, is expected to record a 8.8% CAGR and reach US$18.8 Billion by the end of the analysis period. Growth in the Commercial Vehicles Application segment is estimated at 9.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.9 Billion While China is Forecast to Grow at 12.5% CAGR

The Automotive Electric Side View Mirrors market in the U.S. is estimated at US$3.9 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2030 trailing a CAGR of 12.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.6% and 7.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.0% CAGR.

Automotive Electric Side View Mirrors - Key Trends and Drivers

Automotive electric side view mirrors are a critical component in modern vehicle design, offering enhanced functionality and safety compared to their manual counterparts. These mirrors, also known as power mirrors, can be adjusted electronically from inside the vehicle, providing drivers with a more convenient and precise way to modify their view. This capability is particularly beneficial for drivers when adjusting mirrors to accommodate different seating positions or to respond to changing road conditions. Additionally, electric side view mirrors often include features such as defrosting, which clears the mirror surface of frost and fog, and auto-dimming, which reduces glare from headlights of trailing vehicles. Some advanced models even integrate indicators, cameras, and sensors to assist with lane changes and parking, further enhancing driver awareness and vehicle safety.

Technological advancements have played a significant role in the evolution of automotive electric side view mirrors. Modern mirrors are increasingly incorporating sophisticated electronics and sensor technologies to improve functionality and integration with other vehicle systems. For example, mirrors with built-in cameras provide real-time video feeds to the vehicle’s infotainment system, offering expanded visibility and aiding in tasks such as reversing and blind-spot monitoring. Sensor-equipped mirrors can detect obstacles and alert the driver through visual or auditory signals, reducing the risk of collisions. Furthermore, the advent of smart mirrors, which can display navigation information or other data, represents a growing trend in the integration of side view mirrors with the vehicle`s overall digital ecosystem. These innovations not only enhance safety and convenience but also contribute to a more seamless and connected driving experience.

The growth in the automotive electric side view mirrors market is driven by several factors. Increasing consumer demand for advanced safety features and convenience in vehicles is a primary driver, as more drivers seek technologies that enhance their driving experience and ensure their safety. The rising trend of vehicle electrification and the integration of advanced driver-assistance systems (ADAS) are also contributing to market growth, as these mirrors play a crucial role in the functionality of these systems. Additionally, stringent safety regulations and standards set by governments and automotive safety organizations are pushing manufacturers to adopt advanced mirror technologies. The proliferation of connected and autonomous vehicles, which require highly sophisticated and reliable sensor and camera systems, is further accelerating demand for advanced electric side view mirrors. These factors, combined with ongoing advancements in mirror technology and increasing consumer awareness of vehicle safety, ensure robust growth in the automotive electric side view mirrors market, meeting the evolving needs of the automotive industry and its customers.

SCOPE OF STUDY:

The report analyzes the Automotive Electric Side View Mirrors market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Passenger Cars Application, Commercial Vehicles Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 44 Featured) -

• Ficosa Internacional SA
• Fiem Industries Ltd.
• FLABEG Automotive Glass Group GmbH
• Gentex Corp.
• Magna International Inc.
• MEKRA Lang GmbH and Co. KG
• Minebea AccessSolutions Inc
• Motherson Group
• Murakami Corp.
• Rosco, Inc.
• Sakae Riken Kogyo Co. Ltd.
• SL Corporation
• Stoneridge Inc.
• Sunway Autoparts
• Tokai Rika Co. Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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