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The advanced vehicle side mirror market is experiencing a transformative shift driven by the adoption of camera-based technologies, revolutionizing vehicle safety features and reshaping the global automotive industry landscape. Traditional convex mirrors are being gradually replaced by modern camera-based technologies, offering enhanced safety and control functionalities. This market is segmented by product type (interior and exterior side mirrors), by feature, and by region, including North America, Europe, APAC, South America, and the Middle East and Africa. This report also analyzes key competitors in the advanced vehicle side mirror market, such as Continental, Magna International, and Robert Bosch.
Technavio’s in-depth industry report analyzes the current state of the advanced vehicle side mirror market and provides detailed forecasts on its performance over the coming years. It examines key factors such as market drivers, challenges, and key emerging trends, as well as the global competitive landscape. Also included is a breakdown of the types of products available in the market, along with their market shares and future prospects.
Market Report Highlights
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| Feature |
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| Regional Landscape |
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| Key Companies Profiled |
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Market Report Insights
- Precise evaluation of the market’s size and a forecast of market performance from 2024 to 2028
- Qualitative and quantitative analysis of the current market scenario and future prospects, allowing clients to make informed business decisions
- In-depth analysis of the drivers and challenges that will impact the growth of the market between 2024 and 2028
- Predictions about upcoming trends and changes in consumer behavior
- A thorough industry analysis of the competitive landscape and detailed information on key market players, including factors such as market positioning and product offerings
- Region-by-region analysis of market growth and opportunities across North America, Europe, APAC, South America, and the Middle East and Africa
Market Segmentation
The advanced vehicle side mirror market is segmented according to product type and feature. Technavio’s industry report provides actionable market insights on each segment, including market share and growth forecasts.
Product Type Segmentation
- Interior Side Mirrors
- Exterior Side Mirrors
Feature Segmentation
- Blind Spot Detection
- Power Control
- Others
Regional Analysis
Different parts of the world will have different demands, supply chain logistics, legal nuances, and other factors to take into consideration when entering a new market. Technavio’s advanced vehicle side mirror market research helps facilitate strategic business decisions by providing a detailed look at regional market trends, drivers, and challenges along with predictions for regional market sizes and growth.
Regions covered in this market report include:
- North America
- Europe
- APAC
- South America
- The Middle East and Africa
Competitive Landscape
This report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies in order to help clients improve their market positions. It also provides a detailed analysis of the upcoming advanced vehicle side mirror market trends and challenges and how they will influence market growth, designed to help companies create effective strategies to make the most of the global market.
Companies leading the global advanced vehicle side mirror market include:
- Continental AG
- Ficosa International
- Gentex Corporation
- Magna International Inc.
- Murakami Corporation
- Robert Bosch GmbH
Market Dynamics
In order to make informed business decisions and strategies on the advanced vehicle side mirror market, it’s important to be informed of the many factors impacting the market. What is driving growth in the market and how does that influence new product releases? What challenges are increasing risk for a specific course of action or in a specific market? What will the key trends be over the next several years and what is the best way to take advantage of them? The answers to these questions help companies to evaluate business approaches and develop growth strategies for the advanced vehicle side mirror market.
In response to consumer demand for enhanced safety and convenience, automotive manufacturers are increasingly integrating camera technologies into their vehicles, particularly in mid-range and luxury vehicles. Surround-view mirror systems and smart automotive rear-view mirrors are becoming standard features in premium vehicles, offering a comprehensive view of the vehicle's surroundings and minimizing blind spots.
As the global automotive industry expands, vehicle safety remains a top priority for consumers, automotive OEMs, and government regulatory bodies. Camera-based side-view mirrors offer superior visibility and control compared to their traditional counterparts, giving them an edge in this industry. Advanced vehicle side mirrors use smart mirror technology, providing features such as driving recorders, electronic speed detection alerts, and integration with ADAS (advanced driver assistance systems) and GPS. Manufacturers are investing in R&D to develop innovative solutions that meet stringent government safety standards while catering to consumer preferences for comfort features and smart technologies.
FAQ
What technologies are used in Advanced Vehicle Side Mirrors?
Technologies include digital cameras that replace traditional mirrors, high-resolution displays inside the vehicle, augmented reality overlays for enhanced visibility, blind spot detection systems, and integrated lighting for improved visibility at night.
How do Advanced Vehicle Side Mirrors impact vehicle design and aerodynamics?
They can contribute to improved vehicle aesthetics by reducing the size and drag of traditional mirrors, which in turn improves fuel efficiency and overall vehicle performance. This supports automotive trends towards sleeker, more aerodynamic designs.
What is the future outlook for the Advanced Vehicle Side Mirror Market?
The market is expected to grow as automotive manufacturers continue to innovate in safety and efficiency technologies. Future trends may include further integration with vehicle automation systems, advancements in augmented reality displays, and expanded regulatory approvals globally.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on North America: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
4 Historic Market Size
- 4.1 Dietary supplements market in North America 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on dietary supplements market in north America 2018 - 2022 ($ billion)
- 4.2 Distribution Channel Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)
- 4.3 Product Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 28: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Distribution Channel
- 6.1 Market segments
- Exhibit 29: Chart on Distribution Channel - Market share 2023-2028 (%)
- Exhibit 30: Data Table on Distribution Channel - Market share 2023-2028 (%)
- 6.2 Comparison by Distribution Channel
- Exhibit 31: Chart on Comparison by Distribution Channel
- Exhibit 32: Data Table on Comparison by Distribution Channel
- 6.3 Offline - Market size and forecast 2023-2028
- Exhibit 33: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
- Exhibit 34: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Chart on Offline - Year-over-year growth 2023-2028 (%)
- Exhibit 36: Data Table on Offline - Year-over-year growth 2023-2028 (%)
- 6.4 Online - Market size and forecast 2023-2028
- Exhibit 37: Chart on Online - Market size and forecast 2023-2028 ($ billion)
- Exhibit 38: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Chart on Online - Year-over-year growth 2023-2028 (%)
- Exhibit 40: Data Table on Online - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Distribution Channel
- Exhibit 41: Market opportunity by Distribution Channel ($ billion)
- Exhibit 42: Data Table on Market opportunity by Distribution Channel ($ billion)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 43: Chart on Product - Market share 2023-2028 (%)
- Exhibit 44: Data Table on Product - Market share 2023-2028 (%)
- 7.2 Comparison by Product
- Exhibit 45: Chart on Comparison by Product
- Exhibit 46: Data Table on Comparison by Product
- 7.7 Others - Market size and forecast 2023-2028
- Exhibit 63: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 64: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 65: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.8 Market opportunity by Product
- Exhibit 67: Market opportunity by Product ($ billion)
- Exhibit 68: Data Table on Market opportunity by Product ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 70: Chart on Market share by geography - 2023-2028 (%)
- Exhibit 71: Data Table on Market share by geography - 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 72: Chart on Geographic comparison
- Exhibit 73: Data Table on Geographic comparison
- 9.6 Market opportunity by geography
- Exhibit 74: Market opportunity by geography ($ billion)
- Exhibit 75: Data Table on Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 76: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 77: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 78: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 79: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 80: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 81: Matrix on vendor position and classification
- 13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 82: Inclusions checklist
- Exhibit 83: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 84: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 85: Research methodology
- Exhibit 86: Validation techniques employed for market sizing
- Exhibit 87: Information sources
- 13.5 List of abbreviations
- Exhibit 88: List of abbreviations