Global Automotive Power Folding Mirror Systems Market 2017-2021

About Automotive Power Folding Mirror Systems

A power folding mirror is a type of outside rear-view mirror (ORVM) equipped with electrical means for horizontal and vertical adjustment from inside the vehicle. This feature helps to fit the vehicle in tight parking spaces or as a safety feature while driving through an automatic car wash. The power folding mirrors can be operated via the mirror button on the driver's door. An automatic mode can also be selected to fold the mirrors automatically when parked. These mirrors are equipped with electrical means for vertical and horizontal adjustment from inside the vehicle. The glass of a power folding mirror can also be electrically heated to keep it away from fogging.

Technavio’s analysts forecast the global automotive power folding mirror systems market to grow at a CAGR of 10.16% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive power folding mirror systems market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Automotive Power Folding Mirror Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Ficosa International
  • Gentex
  • Magna International
  • MURAKAMI
  • Samvardhana Motherson
Other prominent vendors
  • FLABEG AUTOMOTIVE HOLDING
  • Milenco
  • Mirror Controls international
  • Sakae Riken Kogyo
Market driver
  • Increased focus on enhanced safety features
  • For a full, detailed list, view our report
Market challenge
  • Cameras could be potential replacement for side-view mirrors
  • For a full, detailed list, view our report
Market trend
  • Increase in popularity of smart rear-view mirrors with power folding feature
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Power Folding Mirror Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive power folding mirror systems market: Ficosa International, Gentex, Magna International, MURAKAMI, and Samvardhana Motherson.

Other Prominent Vendors in the market are: FLABEG AUTOMOTIVE HOLDING, Milenco, Mirror Controls international, and Sakae Riken Kogyo.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in popularity of smart rear-view mirrors with power folding feature. Mirrors are continuously being upgraded with advances in technology. Currently, mirrors equipped with advanced features such as temperature readings, travel calculations, and weather conditions are being adopted. For instance, Nissan has developed a smart rear-view mirror with power folding feature that provides better rear visibility.”

According to the report, one driver in the market is increased focus on enhanced safety features. Due to the increased government regulations on safety features such as in the US, NHTSA has made it mandatory to equip all the vehicles with rear-view cameras by May 2018. Also, the awareness among consumers to purchase vehicles with enhanced safety features has been increased. As a result, even higher variants of the mass-selling cars are equipped with smart side view mirrors. For instance, in the US, the best-selling cars such as Toyota Camry and Toyota Corolla are equipped with auto-dimming mirrors with power folding mirror systems. Even in Europe, most of the cars are equipped with an auto-dimming mirror with power folding feature.

Further, the report states that one challenge in the market is cameras could be potential replacement for side-view mirrors. The use of outside rear-view mirrors is a mandatory safety device for all vehicles. In the US, Tesla along with the Alliance of Automobile Manufacturers, which is the lobbying group in the US, filed a petition to the NHTSA to replace side-view mirrors with cameras. The cameras are smaller than the outside rear-view mirrors, which will lead to the reduction in the aero drag, especially when the vehicle is moving at a higher speed. The replacement of the ORVM with the camera will lead to an improvement in the aerodynamics of the vehicle, which will eventually lead to the fuel economy benefits.

Companies Mentioned

Ficosa International, Gentex, Magna International, MURAKAMI, and Samvardhana Motherson, FLABEG AUTOMOTIVE HOLDING, Milenco, Mirror Controls international, and Sakae Riken Kogyo.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • Power folding mirror systems market: An overview
    • Parent market: Global automotive mirror market
    • Value chain analysis
      • Table Value chain of the global automotive power folding mirror systems market
  • Market landscape
    • Market overview
      • Table Segmentation of the global automotive power folding mirror systems market
    • Market size and forecast
      • Table Global automotive power folding mirror systems market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by vehicle type
    • Global automotive power folding mirror systems market by vehicle type
      • Table Global automotive power folding mirror systems market by vehicle type 2016 & 2021 (%)
    • Global automotive power folding mirror systems market by passenger cars
      • Table Global automotive power folding mirror systems market by passenger cars 2016- 2021 ($ billions)
    • Global automotive power folding mirror systems market by pickup trucks
      • Table Global automotive power folding mirror systems market by pickup trucks 2016-2021 ($ billions)
  • Geographical segmentation
    • Global automotive power folding mirror systems market by geography
      • Table Global automotive power folding mirror systems market by geography 2016 & 2021 (%)
    • Automotive power folding mirror systems market in APAC
      • Table Automotive power folding mirror systems market in APAC 2016-2021 ($ billions)
    • Automotive power folding mirror systems market in EMEA
      • Table Automotive power folding mirror systems market in EMEA 2016-2021 ($ billions)
    • Automotive power folding mirror systems market in Americas
      • Table Automotive power folding mirror systems market in Americas 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increase in popularity of smart rear-view mirrors with power folding feature
    • Introduction of auto-dimming mirrors with power folding feature
    • Integration of camera, radar, and LED technologies into the power folding mirror systems
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Global automotive power folding mirror systems market: Other prominent vendors
  • Key vendor analysis
    • Ficosa International
      • Table Ficosa International: Business segmentation
      • Table Ficosa International: Product portfolio
    • Gentex
      • Table Gentex: Business segmentation
      • Table Gentex: Product portfolio
    • Magna International
      • Table Magna International: Business segmentation
      • Table Magna International: Product portfolio
    • MURAKAMI
      • Table MURAKAMI: Business segmentation
      • Table MURAKAMI: Product portfolio
    • Samvardhana Motherson
      • Table Samvardhana Motherson: Business segmentation
      • Table Samvardhana Motherson: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook