Automotive Electrically Adjustable Outside Rear View Mirror Market Size

The global automotive electrically adjustable outside rear view mirror market size was valued at USD 3 billion in 2023 and is projected to grow at a CAGR of 14.9% between 2024 and 2032. One key growth driver of the market is the rising demand for vehicle safety and convenience features. Consumers increasingly expect advanced functionalities like auto-dimming, heating, and integrated cameras, which enhance visibility and driver comfort.

Additionally, government regulations focused on road safety are pushing automakers to adopt more sophisticated mirror technologies. This trend is particularly evident in regions with strict safety standards, such as North America and Europe. The integration of these features in mid-range and premium vehicles further accelerates market growth.

For instance, according to GMI, Automotive Active Safety Systems Market size was valued at USD 145.3 billion in 2023 and is estimated to register a CAGR of over 13% between 2024 and 2032. This surging demand for active safety systems in vehicles in pushing automotive OEMs to integrate advanced exterior rear view mirrors, there fueling the market growth.

The growth of the automotive industry in emerging markets is another driver for the electrically adjustable outside rear view mirror market. As vehicle production and sales rise in regions like Asia-Pacific and Latin America, there’s an increasing demand for enhanced vehicle features, including advanced mirror systems. Economic growth and rising disposable incomes in these regions enable consumers to opt for vehicles with modern safety and convenience technologies. This expansion in demand supports the growth of the market globally.