The global Car Mirrors market size was USD 10.0 billion in 2022 and is expected to reach a value of USD 15.51 billion in 2032 and register a revenue CAGR of 5% during the forecast period. The market's expansion is primarily fueled by variables such as increased vehicle production, rising demand for Advanced Driver Assistance Systems (ADAS), and expanding public safety concerns.

The need for automobile rearview mirrors has mostly been driven by increasing vehicle production and sales. Due to the growing population, urbanization, and increased disposable income in emerging nations like China, India, and Brazil, the automobile sector has experienced tremendous expansion. As a result, as they are crucial safety features in every vehicle, there is a higher need for automobile rearview mirrors.

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The market for automotive rearview mirrors is also expanding as a result of the rising need for ADAS in automobiles. Systems like ADAS, which support drivers while they are driving, depend on sensors and cameras to function. As they offer a wider view of the surroundings and can assist to reduce accidents and improve safety, rearview mirrors with built-in cameras are growing in popularity.

The market for car rearview mirrors is expanding as a result of rising concerns about traffic safety. Vehicles' rearview mirrors are an essential safety feature that aids drivers in monitoring their surroundings and preventing collisions. Rearview mirrors are now required to be fitted in all vehicles due to safety laws and government regulations, which is boosting market demand.

In addition, the market for car rearview mirrors is expanding as a result of technical improvements. To improve the safety and comfort of drivers, manufacturers are continually creating cutting-edge goods with cutting-edge features like anti-glare, automatic dimming, and blind-spot recognition. Rearview mirrors with built-in cameras and sensors are also predicted to be more popular as electric car use rises since they can help drivers see better in low light and reduce blind spots.

Competitive Landscape:

• Magna International Inc.
• Gentex Corporation
• Ficosa International SA
• Continental AG
• Murakami Corporation
• FLABEG Automotive Holding GmbH
• SL Corporation
• Howay Technology Co., Ltd.
• Samvardhana Motherson Reflectec
• Milenco Limited

The global market is further segmented into type and application:

Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
• Latin America (Brazil, Rest of LATAM)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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