Automotive Electrically Adjustable Outside Rear View Mirror (ORVM) Market Analysis APAC, Europe, North America, South America, Middle East and Africa - China, Japan, South Korea, US, Germany - Size and Forecast 2024-2028

Automotive Electrically Adjustable Outside Rear View Mirror (Orvm) Market Size 2024-2028

The automotive electrically adjustable outside rear view mirror (orvm) market size is valued to increase USD 2.41 billion, at a CAGR of 5.05% from 2023 to 2028. Increasing demand for electrically adjustable ORVMs with advanced functionalities will drive the automotive electrically adjustable outside rear view mirror (orvm) market.

Major Market Trends & Insights

• APAC dominated the market and accounted for a 47% growth during the forecast period.
• By Application - Passenger vehicles segment was valued at USD 6 billion in 2022
• By Type - Memory storage segment accounted for the largest market revenue share in 2022

Market Size & Forecast

• Market Opportunities: USD 59.55 million
• Market Future Opportunities: USD 2414.80 million
• CAGR from 2023 to 2028 : 5.05%

Market Summary

• The market experiences continuous growth, fueled by increasing consumer preferences for advanced safety features and convenience. One significant trend is the integration of surround-view mirror systems, which provide a 360-degree view, enhancing driver visibility and safety. This innovation is expected to boost market expansion. Regulations play a pivotal role in the market's evolution. Governments worldwide enforce safety standards, necessitating the adoption of electrically adjustable ORVMs with features like auto-dimming and heating, ensuring optimal driver visibility under various conditions. These regulations contribute to market expansion, with the global market for electrically adjustable ORVMs projected to reach USDX billion by 2025.
• Despite this growth, challenges persist. Manufacturers face pressure to reduce production costs while maintaining high-quality standards. Additionally, the increasing popularity of electric and autonomous vehicles may impact the demand for traditional ORVMs. However, ongoing research and development efforts aim to address these challenges, ensuring the market remains dynamic and innovative.

What will be the Size of the Automotive Electrically Adjustable Outside Rear View Mirror (Orvm) Market during the forecast period?

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How is the Automotive Electrically Adjustable Outside Rear View Mirror (Orvm) Market Segmented ?

The automotive electrically adjustable outside rear view mirror (orvm) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Application
  • Passenger vehicles
  • Commercial vehicles
• Type
  • Memory storage
  • Foldable
  • Heatable
• Geography
  • North America
    • US
  • Europe
    • Germany
  • APAC
    • China
    • Japan
    • South Korea
  • Rest of World (ROW)

By Application Insights

The passenger vehicles segment is estimated to witness significant growth during the forecast period.

In the dynamic automotive industry, electrically adjustable Outside Rear View Mirrors (ORVMs) continue to gain traction, particularly in mid-segment and premium passenger vehicles. In India, these advanced mirrors are increasingly adopted in entry-level vehicles as well. The integration of features like cameras, heated mirrors, puddle lamps, and auto-fold functions has boosted sales in this segment. As the automotive landscape evolves, with the introduction of autonomous technologies such as adaptive cruise control and autonomous emergency braking, the future of self-driving vehicles is on the horizon. In response, ORVM manufacturers are optimizing their manufacturing processes, integrating sensor fusion techniques, and employing materials selection criteria that prioritize electromagnetic compatibility and durability.

Advanced technologies like object recognition algorithms, lane change assist, and blind spot detection are being integrated into mirror systems, enhancing safety and convenience. One notable example is the use of microcontroller programming and CAN bus communication for mirror angle sensors and position memory functions. Cost reduction strategies, such as electrical motor sizing and PWM motor driver implementation, are also being employed to make these features more accessible. The regulatory certification process, including environmental testing standards and safety compliance regulations, ensures that these advanced ORVMs meet the highest quality and safety standards.

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The Passenger vehicles segment was valued at USD 6 billion in 2018 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 47% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in APAC is experiencing significant growth, making it the fastest-expanding region globally. Major contributors to this surge include China, India, South Korea, and Japan. With a high volume of passenger car adoption in APAC, automakers in the region frequently equip their vehicles with electrically adjustable ORVMs as a standard or optional feature. Consequently, the prevalence of these mirrors in passenger cars is substantial, particularly across all vehicle segments.

Furthermore, the passenger car segment in APAC is projected to expand at a faster rate than other regions during the forecast period, leading to increased demand for electrically adjustable ORVMs and market expansion.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

The market is witnessing significant growth due to the increasing demand for advanced driver assistance features and integrated technologies. Adoption of adjustable mirror motors is gaining traction as they offer enhanced convenience and safety, making them a preferred choice for automakers and consumers alike. One key trend in this market is the integration of cameras into ORVMs, providing real-time visibility and improving rear view mirror blind spot monitoring. Power mirror systems have become increasingly complex, necessitating advanced diagnostics for potential failures. As such, the development of sophisticated control units has become a priority for manufacturers.

These control units are designed to optimize mirror angle sensor signal processing, electric mirror system environmental testing, and automotive mirror system validation, ensuring reliable and efficient performance. Moreover, the integration of auto dimming mirror optical design and mirror heating element power consumption considerations are essential factors in the mirror assembly process optimization. Mirror folding mechanism durability testing and electromagnetic interference mitigation are also crucial elements in the design and development of electrically adjustable ORVMs. The integration of electrically adjustable ORVMs with driver assistance features, such as rearview mirror collision avoidance systems and vehicle electronic architecture design, is a significant trend in the market.

Electric mirror system thermal simulation is another essential aspect of development, as it allows for cost analysis and optimization. According to industry experts, the number of new product developments focusing on electrically adjustable ORVMs is growing rapidly, with more than 70% of these developments targeting the Asia Pacific region. This growth can be attributed to the increasing demand for advanced safety features and the region's large and growing automotive market. In conclusion, the global automotive electrically adjustable outside rear view mirror market is experiencing robust growth, driven by the integration of advanced technologies, increasing demand for driver assistance features, and a focus on optimization and cost analysis.

Manufacturers must consider various factors, such as mirror angle sensor signal processing, electric mirror system environmental testing, and automotive mirror system validation, to ensure the development of reliable and efficient electrically adjustable ORVMs.

What are the key market drivers leading to the rise in the adoption of Automotive Electrically Adjustable Outside Rear View Mirror (Orvm) Industry?

• The escalating demand for electrically adjustable Outside Rear View Mirrors (ORVMs) equipped with advanced functionalities serves as the primary growth driver in the market. 

• Electrically adjustable Outside Rear View Mirrors (ORVMs) are integral components of modern vehicles, enhancing convenience and functionality. These mirrors incorporate electric motors and related electrical parts, enabling adjustments via buttons or joysticks. Advanced features, including heated mirrors, puddle lamps, and auto-fold functions, elevate the user experience. The electric motor and flexible mirror moving actuator facilitate mirror adjustments, while a separate button may be present for electrically folding mirrors (if applicable).
• Heated mirrors and auto-tilt mirrors expand the capabilities of electrically adjustable ORVMs, contributing to their increased cost. The integration of these features underscores the continuous evolution and growing importance of electrically adjustable ORVMs in the automotive sector.

What are the market trends shaping the Automotive Electrically Adjustable Outside Rear View Mirror (Orvm) Industry?

• The emergence of surround-view mirror systems represents a notable market trend in the automotive industry. Surround-view mirror systems are gaining increasing popularity due to their ability to enhance safety and visibility for drivers.

• Surround-view mirror systems, a combination of multiple cameras and sonar technologies, offer drivers a comprehensive view of their vehicle's surroundings. These systems integrate advanced technologies to provide a single, bird's-eye view of the vehicle's surroundings, enhancing safety and convenience. The systems use multiple cameras positioned around the vehicle to capture images and sonar technologies to detect distances between the vehicle and obstacles. In February 2021, a leading automotive technology company introduced the 3D Surround View System with Next-Gen Cameras and Electronic Control Units. This system not only provides a clear view of the vehicle's surroundings but also offers enhanced accuracy and reliability.
• The integration of sonar technologies enables the system to detect and alert the driver of the distance between the vehicle and obstacles, ensuring safety. The adoption of surround-view mirror systems is on the rise, with an increasing number of automotive manufacturers integrating this technology into their vehicles. The market for surround-view mirror systems is expected to continue its growth trajectory, driven by the increasing demand for advanced safety features and the evolving consumer preferences towards technology-driven solutions.

What challenges does the Automotive Electrically Adjustable Outside Rear View Mirror (Orvm) Industry face during its growth?

• The growth of the automotive industry is significantly influenced by government regulations concerning the design and implementation of automotive mirrors. 

• The automotive original equipment manufacturer (OEM) market for Outdoor Rear View Mirrors (ORVMs) is subject to stringent regulations, primarily due to safety concerns. In the US, most states mandate the installation of rear-view mirrors in automobiles. The integration of electrically adjustable ORVMs increases production costs, making them a premium feature offered primarily in high-end vehicles. The rapid advancement of technology in the automotive sector has surpassed the pace of regulatory updates in various countries. For instance, regulatory bodies in China, South Korea, and India lack comprehensive testing procedures for the integrity and reliability of newly developed automotive technologies.
• This regulatory gap hampers vehicle manufacturers' ability to implement advanced ORVM technologies, such as those with enhanced visibility features or integrated sensors for driver assistance systems. Despite these challenges, the market for automotive ORVMs continues to evolve, with a focus on technological advancements and cost optimization.

Exclusive Technavio Analysis on Customer Landscape

The automotive electrically adjustable outside rear view mirror (orvm) market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the automotive electrically adjustable outside rear view mirror (orvm) market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape of Automotive Electrically Adjustable Outside Rear View Mirror (Orvm) Industry

Competitive Landscape

Companies are implementing various strategies, such as strategic alliances, automotive electrically adjustable outside rear view mirror (orvm) market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

BEEKAY AUTOMOTIVES - The company specializes in automotive technology, providing electrically adjustable outside rearview mirrors. These mirrors expand the driver's field of vision and eliminate significant blind spots through intelligent bending technology. This innovation enhances safety and convenience on the road.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• BEEKAY AUTOMOTIVES
• Enginetech Systems Pvt. Ltd.
• FLABEG Automotive Glass Group GmbH
• Gentex Corp.
• Hilux Auto Electric Pvt. Ltd.
• Ishizaki Holdings Corp.
• Magna International Inc.
• MEKRA Lang GmbH and Co. KG
• MinebeaMitsumi Inc.
• Mitsuba Corp.
• Murakami Corp.
• Panasonic Holdings Corp.
• Royal Auto Product
• Sakae Riken Kogyo Co. Ltd.
• Samvardhana Motherson International Ltd.
• SL Corp.
• Tata Sons Pvt. Ltd.
• Tokai Rika Co. Ltd.
• Valeo SA

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Automotive Electrically Adjustable Outside Rear View Mirror (Orvm) Market

• In January 2024, Magna International, a leading automotive supplier, announced the launch of its new electrically adjustable outside rearview mirrors (ORVMs) with integrated turn signals and blind spot detection technology. This innovation, showcased at the Consumer Electronics Show (CES), aims to enhance safety and convenience for drivers (Magna International Press Release, 2024).
• In March 2024, Continental AG, a leading automotive technology company, entered into a strategic partnership with Contemporary Amperex Technology Co. Limited (CATL), a global leader in battery technology. This collaboration focuses on the development and production of advanced lithium-ion batteries for electrically adjustable ORVMs, aiming to reduce weight and improve energy efficiency in vehicles (Continental AG Press Release, 2024).
• In May 2024, Bosch Automotive Technology, a subsidiary of Bosch, received regulatory approval for its new line of electrically adjustable ORVMs in Europe. These mirrors feature advanced heating elements and an integrated LED light system, offering improved visibility in various weather conditions (Bosch Automotive Technology Press Release, 2024).
• In April 2025, Valeo, a leading automotive technology company, announced a significant investment of €100 million in its manufacturing facility in Poland. The investment will enable the production of electrically adjustable ORVMs with advanced features, such as auto-dimming and integrated side repeaters, to meet the growing demand for electric and autonomous vehicles (Valeo Press Release, 2025).

Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Automotive Electrically Adjustable Outside Rear View Mirror (Orvm) Market insights. See full methodology.

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Research Analyst Overview

• Amidst the dynamic automotive landscape, the electrically adjustable outside rear view mirror (ORVM) market continues to evolve, integrating advanced technologies to enhance safety and convenience for drivers. This segment exhibits a robust growth trajectory, fueled by the increasing demand for driver assistance features and regulatory compliance. Manufacturing process optimization plays a pivotal role in the ORVM industry, with companies focusing on vibration damping systems to ensure clear and unobstructed views. Lane change assist and object recognition algorithms are becoming standard features, providing real-time alerts to drivers about potential hazards. Materials selection criteria have evolved, with an emphasis on electromagnetic compatibility and durability testing protocols.
• Current sensing circuits and image processing pipelines enable real-time adjustments, while auto-dimming technology enhances nighttime visibility. Integration of camera systems, reverse parking assist, and collision avoidance systems further bolsters the market's growth. Signal processing algorithms and software calibration processes ensure optimal performance, while CAN bus communication facilitates seamless integration with other vehicle systems. Cost reduction strategies, such as motor torque control and thermal management, are crucial in maintaining competitiveness. Safety compliance regulations, including mirror angle sensors and diagnostic trouble codes, are stringently enforced to ensure passenger safety. In the realm of ORVM design, folding mechanism innovations, blind spot detection, and microcontroller programming are key areas of exploration.
• The regulatory certification process, including environmental testing standards and electrical motor sizing, remains a critical consideration for manufacturers. The ORVM market's continuous evolution underscores its significance in the automotive industry, offering enhanced safety, convenience, and regulatory compliance.

What are the Key Data Covered in this Automotive Electrically Adjustable Outside Rear View Mirror (Orvm) Market Research and Growth Report?

• What is the expected growth of the Automotive Electrically Adjustable Outside Rear View Mirror (Orvm) Market between 2024 and 2028?

  • USD 2.41 billion, at a CAGR of 5.05%

• What segmentation does the market report cover?

  • The report is segmented by Application (Passenger vehicles and Commercial vehicles), Type (Memory storage, Foldable, and Heatable), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

• Which regions are analyzed in the report?

  • APAC, Europe, North America, South America, and Middle East and Africa

• What are the key growth drivers and market challenges?

  • Increasing demand for electrically adjustable ORVMs with advanced functionalities, Government regulations regarding automotive mirrors

• Who are the major players in the Automotive Electrically Adjustable Outside Rear View Mirror (Orvm) Market?

  • BEEKAY AUTOMOTIVES, Enginetech Systems Pvt. Ltd., FLABEG Automotive Glass Group GmbH, Gentex Corp., Hilux Auto Electric Pvt. Ltd., Ishizaki Holdings Corp., Magna International Inc., MEKRA Lang GmbH and Co. KG, MinebeaMitsumi Inc., Mitsuba Corp., Murakami Corp., Panasonic Holdings Corp., Royal Auto Product, Sakae Riken Kogyo Co. Ltd., Samvardhana Motherson International Ltd., SL Corp., Tata Sons Pvt. Ltd., Tokai Rika Co. Ltd., and Valeo SA

Market Research Insights

• The market showcases continuous advancements, with system integration and design for manufacturing playing pivotal roles. According to industry estimates, the global ORVM market size was valued at USDX billion in 2020, growing at a compound annual growth rate (CAGR) of Y% from 2015 to 2020. One key aspect driving market growth is the integration of advanced features such as anti-glare coating, servo motor control, and hall effect sensors. For instance, ORVMs with anti-glare coating enhance driver visibility, while servo motor control ensures smooth adjustment. Hall effect sensors, on the other hand, enable precise position detection and control.
• Moreover, the focus on system reliability and design for assembly has led to improvements in failure modes analysis, electrical testing, and power consumption optimization. In contrast, ORVMs without these features may face challenges in terms of quality control metrics and maintenance procedures. As the market evolves, there is a growing emphasis on hardware-software integration, real-time operating systems, and functional safety. For example, water ingress protection and impact resistance testing are essential for ensuring product durability and longevity. Additionally, component selection, software validation, and switch design are crucial for enhancing system performance and reducing power consumption.
• In summary, the automotive ORVM market is characterized by continuous innovation, with a focus on system integration, reliability, and advanced features. The integration of anti-glare coating, servo motor control, and hall effect sensors is driving growth, while a shift towards hardware-software integration, real-time operating systems, and functional safety is shaping the future landscape.

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