Core Viewpoint - The automotive rearview mirror market is evolving towards "intelligent, electronic, and integrated" systems, driven by the growth of global automotive production and sales, particularly in the electric vehicle sector, alongside increasing consumer demands for safety and aesthetics [1][3][6]. Market Drivers - The steady growth in global automotive production and sales, especially the rapid adoption of electric vehicles, is driving demand for smart and safe rearview mirror systems [1][3]. - Increasing consumer expectations for driving safety, wider visibility, and vehicle aesthetics are pushing traditional mirrors towards multifunctional upgrades, including features like electric adjustment, automatic folding, blind spot monitoring, and camera assistance [1][3]. - Stricter regulations on active safety technologies in various countries, such as the EU, the US, and China, are accelerating the legalization and industrialization of camera-based mirror systems (CMS) [1][2]. - Automakers are integrating digital mirrors and smart rearview systems to meet the trend of unified smart cockpit designs, enhancing the technological barriers and added value of the market [1][3]. Market Challenges - The rearview mirror market faces challenges such as rising costs of raw materials and components, particularly in the context of global chip shortages and supply chain instability, which pressure production timelines [2]. - Increased competition among international Tier 1 suppliers and emerging local companies is leading to product homogenization and heightened risks of price wars [2]. - The functionality and user acceptance of streaming rearview mirrors and CMS systems still require improvements, with technical bottlenecks in ensuring quality visibility and ergonomic design for reliable mass application [2]. Future Trends - The future development of the rearview mirror market will focus on integrating cameras, radars, sensors, and AI algorithms, transforming traditional mirrors into smart terminals [3][4]. - Electronic external mirrors (CMS systems) are rapidly being adopted in high-end electric vehicles, enhancing aerodynamic performance and reducing blind spots [3][4]. - The rearview mirror will increasingly serve as a perception node for autonomous driving systems, integrating multiple sensor modalities for comprehensive environmental monitoring [4]. - The design of mirrors is evolving towards modular integration, combining various functions like welcome lights and cameras to enhance vehicle aesthetics and functionality [4]. Market Size and Share - According to QYResearch, the global rearview mirror market is projected to reach USD 18.73 billion by 2031, with a compound annual growth rate (CAGR) of 6.3% over the coming years [6]. - Currently, external rearview mirrors dominate the market, accounting for approximately 80.9% of the segment [10]. - Passenger vehicles represent the primary demand source, holding about 68.7% of the market share [13]. - The top five manufacturers, including Magna International and Gentex, are expected to hold around 78.0% of the market share by 2024 [9].
全球后视镜市场前10强生产商排名及市场占有率
QYResearch·2025-08-15 09:59