Power Side-view Mirror Market size was valued at USD 3.5 Billion in 2024 and is forecasted to grow at a CAGR of 5.5% from 2026 to 2033, reaching USD 5.6 Billion by 2033.
The South Korea Power Side-view Mirror Market is experiencing a transformative phase, driven by technological advancements and increasing consumer demands for safety and convenience. This market includes power side-view mirrors that are equipped with motors to automatically adjust the mirror’s position. These mirrors are commonly used in both passenger vehicles and commercial trucks. Over the years, the need for power side-view mirrors has expanded due to their ability to enhance driving comfort, improve visibility, and contribute to vehicle safety.
Industries in South Korea are focusing heavily on the production of power side-view mirrors, especially due to the automotive industry's dominance in the region. With leading car manufacturers such as Hyundai and Kia prioritizing innovative vehicle designs, there is a significant demand for high-quality, durable, and feature-rich side-view mirrors. These power mirrors are not only a convenience for drivers but also play a crucial role in preventing accidents by offering better control over visibility adjustments.
South Korean manufacturers have been quick to adopt advanced features in their power side-view mirrors, such as auto-dimming, integrated turn signals, and camera-based systems. These developments are a direct response to the growing requirements from industries that demand cutting-edge technology in their vehicles. The demand for these mirrors is expected to rise, as manufacturers push for more eco-friendly designs and safety features. Furthermore, power side-view mirrors are becoming increasingly popular in the electric vehicle (EV) segment, where sustainability and efficiency are key drivers.
The automotive market in South Korea is evolving rapidly, with technological advancements being a major factor influencing the adoption of power side-view mirrors. As industries place greater emphasis on safety, convenience, and energy efficiency, the power side-view mirror market is projected to witness significant growth in the coming years. Key players in the industry are working to stay ahead by incorporating features like smart glass technology and advanced sensor systems into their products, ensuring that the power side-view mirror market will remain a critical component of vehicle design.
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Magna
Samvardhana Motherson Reflectec
Gentex
Murakami
Ficosa
Mitsuba
SL Corporation
MEKRA Lang
Ichikoh Industries
Flabeg
Shanghai Lvxiang
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Power Side-view Mirror Market
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
SUVs and Crossovers
Electric Vehicles
Heated Mirrors
Electrochromatic Mirrors
Digital Displays
Camera-integrated Mirrors
Conventional Mirrors
OEM (Original Equipment Manufacturer)
Aftermarket
Glass
Plastic
Metal
Directional Indicators
Auto-dimming
Blind Spot Detection
Power Folding
Memory Function
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Power Side-view Mirror Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Power Side-view Mirror Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Power Side-view Mirror Market, By Type
6. South Korea Power Side-view Mirror Market, By Application
7. South Korea Power Side-view Mirror Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Power Side-view Mirror Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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