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The automotive electrically adjustable outside rear view mirror market size is estimated to grow by USD 2.41 billion at a CAGR of 5.05% between 2023 and 2028. The automotive electrically adjustable ORVM market is experiencing growth due to several factors. The increasing demand for ORVMs with advanced functionalities, such as electric adjustment, is a key driver. Additionally, growing safety concerns within the automotive industry are prompting consumers to seek vehicles equipped with safety features like ORVMs. Furthermore, the rising preference for convenient and advanced automotive technologies is contributing to the market's expansion. However, addressing technical challenges associated with electrically adjustable ORVMs remains a significant hurdle. These technologically advanced components, crucial for minimizing blind spots, are being integrated into vehicles at an increasing rate. The market is further propelled by advancements in camera technologies, automotive rearview mirrors, and collaborations with commercial vehicle OEMs.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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