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Automotive Electrically Adjustable Outside Smart Rear View Mirror (ORVM) Market by Application (Passenger Vehicles and Commercial Vehicles), Feature (Auto-Dimming, Blind Spot Detection, Power Control, Automatic Folding, Heating Function, and Others), and Mounting Location (Door Mounted and Body Mounted): Global Opportunity Analysis and Industry Forecast, 2020–2027
| A08557 | Pages: NA | Feb 2021 | 111 Views | | |
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COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Automotive Electrically Adjustable Outside Smart Rear View Mirror (orvm) Market
Request Now !Automotive Electrically Adjustable (ORVM) Market Outlook – 2027Â
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 safety of the vehicle.Â
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value (USD) |
 Segments covered |  Application, Feature, Mounting Location, and Region |
 Regions covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa |
 Companies covered | Ficosa Internacional SA, HondaLockMfg. Co. Ltd., Magna International Inc., Mitsuba Corp., Murakami Corporation., Motherson Group., SL Corporation, ICHIKOH INDUSTRIES LTD, FLABEG AUTOMOTIVE HOLDING GMBH, and GENTEX CORPORATION |
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COVID-19 Scenario analysis:
- Due to COVID-19 situation, the production of automotive electrically adjustable outside smart rear-view mirrors has been hampered due to 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 smart rear-view mirror market.
- Post COVID-19 the growth in automobile sector is expected, which will increase demand in smart ORVM market.
- Due to disturbance in supply chain because of COVID-19 situation, the spare parts supply of smart ORVM has been hampered, which is impacting growth of the ORVM market.
- The research and development work in technological advancement of automotive adjustable outside smart rear-view mirror has been hampered due to the 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 are among the factors which are driving the automotive electrically adjustable outside smart rear-view mirror market. However, the development of digital side rear-view mirrors might restrain the growth of the automotive electrically adjustable smart ORVM market. On the contrary, increase in the production of passenger vehicles will be opportunistic for the growth of automotive electrically adjustable outside smart rear-view mirror market.
Technological advancements in ORVM
Technological advancements in conventional outside rear view mirrors such as clearer camera view, LCD monitor etc has led to the development of smart outside rear view mirrors. Such smart OVRMs provide smart features such as sound warning in case of any obstruction while driving backwards, GPS, and more. Further, such smart ORVMs can also be used as an entertainment device, for instance, in watching movie or listening music. Such features have contributed to the increase in demand of the smart ORVMs and thereby driving the growth of the global automotive electrically adjustable outside smart rear-view market.
Key segments covered:
Segments | Sub-segments |
 Application |
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 Feature |
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 Mounting Location |
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Key benefits of the report:
- This study presents the analytical depiction of the automotive electrically adjustable outside smart 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 global automotive electrically adjustable outside smart rear-view mirror (ORVM) market share.
- The current market is quantitatively analysed from 2020 to 2027 to highlight the global automotive electrically adjustable outside smart rear-view mirror (ORVM) market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.Â
- The report provides a detailed global automotive electrically adjustable outside smart rear-view mirror (ORVM) market analysis based on competitive intensity and how the competition will take shape in coming years.Â
Questions answered in the automotive electrically adjustable outside smart rear-view mirror (ORVM) market research report:
- Which are the leading market players active in the global automotive electrically adjustable outside smart 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?
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