Automotive Mirror System Market by Position and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR44369
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The automotive mirror system market value is projected to grow by USD 22.72 million at a CAGR of 1.50% during 2021-2025.

This automotive mirror system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by position (exterior and interior) and geography (APAC, Europe, North America, South America, and MEA). The automotive mirror system market report also offers information on several market vendors, including Ford Motor Co., General Motors Co., Gentex Corp., Kappa optronics GmbH, Magna International Inc., Motherson Sumi Systems Ltd., Murakami Corp., Robert Bosch GmbH, Stoneridge Inc., and Valeo SA among others.

What will the Automotive Mirror System Market Size be in 2021?

Automotive-Mirror-System-Market-Market-Size-2020-2025

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Automotive Mirror System Market: Key Drivers and Trends

The increase in the sales of passenger cars is notably driving the automotive mirror system market growth, although factors such as sharp decline in automobile production and sales may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the automotive mirror system market get your FREE report sample now.

This post-pandemic automotive mirror system market report has assessed the shift in consumer behavior and identified trends and drivers that will help market players outmaneuver challenges. Technology innovations, implementation, and improvisation scope identified in the automotive mirror system market trends is essential for building new business opportunities across segmentations and geographies.

Who are the Major Automotive Mirror System Market Vendors?

The automotive mirror system market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The leading companies included in the report are as follows:

 

  • Ford Motor Co.
  • General Motors Co.
  • Gentex Corp.
  • Kappa optronics GmbH
  • Magna International Inc.
  • Motherson Sumi Systems Ltd.
  • Murakami Corp.
  • Robert Bosch GmbH
  • Stoneridge Inc.
  • Valeo SA

 

The automotive mirror system market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

The key vendor profiles include information on their production, sustainability, and growth prospects. Download a free sample of the automotive mirror system market forecast report for insights on complete key vendor profiles.

Which are the Key Regions for Automotive Mirror System Market?

Automotive-Mirror-System-Market-Market-Share-by-Region-2020-2025

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China and Japan are the key markets for automotive mirror systems in APAC. Learn about the key, emerging, and untapped markets from our automotive mirror system market size, share, & trends analysis report for targeting your business efforts toward promising growth regions. 70% of the market’s growth will originate from APAC during the forecast period.

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The low penetration of vanity mirrors in the passenger car segment in developing countries will facilitate the automotive mirror system market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Position Segments in the Automotive Mirror System Market?

Automotive-Mirror-System-Market-Market-Share-by-Position-2020-2025

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The automotive mirror system market share growth by the exterior segment has been significant. The automotive mirror system market report provides comprehensive understanding of the subsegments of the target market to identify niche customer groups and demographic requirements. Furthermore, the report provides insights on the impact of COVID-19 on market segments, which can be used to deduce transformation patterns in consumer behavior in the coming years and improvise business plans.

This report provides thorough automotive mirror system market segment analysis that will help you gauge the existing competition, demographics, lucrative target customer groups, solutions to improve sales and services, and other crucial market intelligence data. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment and the growth of the automotive mirror system market size.

 

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What are the Key Factors Covered in this Automotive Mirror System Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive mirror system market growth during the next five years
  • Precise estimation of the automotive mirror system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive mirror system market across APAC, Europe, North America, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive mirror system market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The automotive mirror system market growth will increase by $21.75 million units during 2019-2024.
The automotive mirror system market is expected to grow at a CAGR of 1.26% during 2019-2024.
Technavio has segmented the automotive mirror system market by other1 (Exterior and Interior) and geographic (APAC, Europe, North America, South America, and MEA).
Ford Motor Co., General Motors Co., Gentex Corp., Kappa optronics GmbH, Magna International Inc., Motherson Sumi Systems Ltd., Murakami Corp., Robert Bosch GmbH, Stoneridge Inc., Valeo SA are a few of the key vendors in the automotive mirror system market.
APAC will register the highest growth rate of 74.44% among the other regions. Therefore, the automotive mirror system market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Germany
  • Japan
  • South Korea (Republic of Korea)
  • India
The key factors driving the automotive mirror system market growth are:
  • Increase in the sales of passenger cars is driving the demand for mirror systems
The automotive mirror system market vendors should focus on grabbing business opportunities from the exterior segment as it accounted for the largest market share in the base year.
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