Global Automotive Outside Rearview Mirrors (Orvm) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Vehicle Type;

Passenger Car, and Commercial Vehicle.

By Powertrain Type;

ICE, and Electric.

By Feature Type;

Auto-Dimming, Blind Spot Indicator, Automatic Folding, and Others.

By Sales Channel Type;

OEM, and Aftermarket.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn386982735 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Automotive Outside Rearview Mirrors (Orvm) Market (USD Million), 2021 - 2031

In the year 2024, the Global Automotive Outside Rearview Mirrors (Orvm) Market was valued at USD 12516.06 million. The size of this market is expected to increase to USD 16470.28 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.

The global automotive outside rearview mirrors (ORVM) market is witnessing significant growth, fueled by technological advancements, stringent safety regulations, and a burgeoning automotive industry. ORVMs, an essential component of vehicle safety and convenience, provide drivers with a clear view of the surroundings, minimizing blind spots and enhancing maneuverability. As automotive manufacturers strive to enhance vehicle safety and aesthetics, the demand for advanced ORVMs equipped with features such as auto-dimming, blind spot detection, and integrated turn signals is on the rise. Moreover, the increasing adoption of electric vehicles (EVs) and autonomous driving technologies further amplifies the demand for high-tech ORVMs that seamlessly integrate with these futuristic automotive platforms.

One of the key drivers propelling the growth of the automotive ORVM market is the growing emphasis on pedestrian safety and reducing accidents. ORVMs play a crucial role in enhancing pedestrian visibility, especially in crowded urban environments where pedestrians and cyclists share the road with vehicles. Manufacturers are increasingly focusing on developing ORVMs with features like pedestrian detection and collision avoidance systems to mitigate the risk of accidents and improve road safety. Additionally, the integration of advanced materials such as lightweight composites and aerodynamic designs not only enhances fuel efficiency but also contributes to the overall safety and performance of vehicles, further driving market growth.

The expanding automotive aftermarket segment is presenting lucrative opportunities for ORVM manufacturers and suppliers. With an increasing number of vehicle owners opting for customization and replacement of stock ORVMs with advanced aftermarket solutions, the aftermarket segment is witnessing substantial growth. Moreover, the rise of online retail channels and e-commerce platforms has made it easier for consumers to access a wide range of ORVM options, further bolstering market expansion. Additionally, the growing trend of vehicle electrification and the transition towards connected and autonomous vehicles are expected to create new avenues for innovation and product development in the automotive ORVM market, driving further growth and evolution in the years to come.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Powertrain Type
    3. Market Snapshot, By Feature Type
    4. Market Snapshot, By Sales Channel Type
    5. Market Snapshot, By Region
  4. Global Automotive Outside Rearview Mirrors (Orvm) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Safety regulations compliance
        2. Technological advancements in vehicles
        3. Increasing demand for premium vehicles
        4. Growing focus on vehicle aesthetics
        5. Rising awareness of road safety
      2. Restraints
        1. High production costs
        2. Fluctuating raw material prices
        3. Integration complexities with vehicles
        4. Threat of substitute technologies
        5. Limited availability of skilled labor
      3. Opportunities
        1. Expansion in emerging markets
        2. Adoption of smart mirrors
        3. Collaboration with technology firms
        4. Development of electric vehicle mirrors
        5. Customization for autonomous vehicles
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Outside Rearview Mirrors (Orvm) Market, By Vehicle Type, 2023 - 2031 (USD Million)
      1. Passenger Car
      2. Commercial Vehicle
    2. Global Automotive Outside Rearview Mirrors (Orvm) Market, By Powertrain Type, 2021 - 2031 (USD Million)
      1. ICE
      2. Electric
    3. Global Automotive Outside Rearview Mirrors (Orvm) Market, By Feature Type, 2021 - 2031 (USD Million)
      1. Auto-Dimming
      2. Blind Spot Indicator
      3. Automatic Folding
      4. Others
    4. Global Automotive Outside Rearview Mirrors (Orvm) Market, By Sales Channel Type, 2023 - 2033 (USD Million)
      1. OEM
      2. Aftermarket
    5. Global Automotive Outside Rearview Mirrors (Orvm) Market, By Geography, 2021 - 2031(USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Gentex Corporation
      2. Samvardhana Motherson Reflectec
      3. Magna International, Inc.
      4. Ficosa International SA
      5. Continental AG
      6. Murakami Corporation
      7. Tokai Rika Co., Ltd.
      8. Mitsuba Corporation
      9. SL Corporation
      10. Flabeg Automotive Holding GmbH
  7. Analyst Views
  8. Future Outlook of the Market