Allied Market Research

2024

Automotive Electrically Adjustable Outside Rear View Mirror (orvm) Market

Automotive Electrically Adjustable Outside Rear View Mirror (ORVM) Market Size, Share, Competitive Landscape and Trend Analysis Report, by Application, by Feature, by Mounting Location and, by Type : Global Opportunity Analysis and Industry Forecast, 2023-2032

AT : Safety and Security Systems

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Author's: | Lalit Janardhan Katare
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Automotive Electrically ORVM Market Outlook – 2027 

Automotive electrically adjustable outside rear view mirror (ORVM) is a mirror in automobile vehicles, which allows the driver to see rearward through the vehicle's backlight. ORVM is considered an important auto part in vehicles for the safety of drivers. Outside rear view mirror (OVRM) is electrically adjustable, which means there is no physical work required for adjusting the mirrors. Such mirrors can be adjusted with the help of a switch which is located near driver’s side door. ORVM is easily accessible to drivers and can be operated while driving. ORVM provides clear visibility and can be easily switched between its two modes: camera and mirror. Such features of automotive electrically adjustable outside rear view mirror improve the safety of the vehicle. 

COVID-19 Scenario analysis:

  • Due to COVID-19 situation, the production of automotive electrically adjustable outside rear view mirrors has been hampered because of the declared lockdowns and government restrictions on public gatherings.
  • Slowing of demand in automobile sector due to COVID-19 is directly impacting automotive electrically adjustable outside rear view mirror market.
  • Post COVID-19 the growth in automobile sector is expected, which will increase demand in ORVM market.
  • Due to disturbance in supply chain because of COVID-19 situation, the spare parts supply of ORVM has been hampered, which is impacting growth of the ORVM market.
  • The research and development work in technological advancement of automotive adjustable outside rear view mirror has been hampered because of travel restrictions applied by governments due to COVID-19.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Technological advancements in OVRM and increased offerings in OVRM for trucks drive the automotive electrically adjustable outside rear view mirror market. However, the development of digital side rear-view mirrors might restrain the growth of the automotive electrically adjustable ORVM market. Increase in the production of passenger vehicles will be opportunistic for the growth of automotive electrically adjustable outside rear view mirror market.

Increased offerings in OVRM for trucks

Several automobile original equipment manufacturers (OEMs) are offering advance driver assistance systems (ADAS) with automotive electrically adjustable outside rear view mirrors. For instance, Ford Motors is offering advance driver assistance system such as blind spot information system (BLIS) with its F 150 pickup truck. Similarly, General Motors is offering rear cross traffic alert (RCTA) system with its RAM pickup truck. Such systems improve the safety of the vehicle and also enhance the value proposition of automotive mirror systems. Such trends will impact positively on the growth of automotive electrically adjustable outside rear view mirror (OVRM) market in the future.

Key benefits of the report:

  • This study presents the analytical depiction of the automotive electrically adjustable outside rear view mirror (ORVM) industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of automotive electrically adjustable outside rear view mirror (ORVM) market share.
  • The current market is quantitatively analyzed  to highlight the automotive electrically adjustable outside rear view mirror (ORVM) market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed automotive electrically adjustable outside rear view mirror (ORVM) market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the automotive electrically adjustable outside rear view mirror (ORVM) Market research report:

  • Which are the leading market players active in the automotive electrically adjustable outside rear view mirror (ORVM) market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?

Automotive Electrically Adjustable Outside Rear View Mirror (ORVM) Market Report Highlights

Aspects Details
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By Application
  • Passenger Vehicles
  • Commercial Vehicles
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By Feature
  • Auto-Dimming
  • Blind Spot Detection
  • Power Control
  • Automatic Folding
  • Heating Function
  • Others
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By Mounting Location
  • Door Mounted
  • Body Mounted
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By Type
  • Smart Rear-View Mirrors
  • Conventional Rear-View Mirrors
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By Region
  • North America 
  • Europe 
  • Asia-Pacific 
  • Latin America 
  • the Middle East 
  • Africa 
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Key Market Players

Murakami Corporation., Ichikoh Industries Ltd, Motherson Group., HondaLockMfg. Co. Ltd., Mitsuba Corp., SL Corporation, Gentex Corporation, Magna International Inc., Ficosa Internacional SA, Flabeg Automotive Holding GmbH

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Automotive Electrically Adjustable Outside Rear View Mirror (ORVM) Market

Global Opportunity Analysis and Industry Forecast, 2023-2032