Automotive Electrically Adjustable Outside Rear View Mirror (ORVM) Market size was valued at USD 4.5 Billion in 2022 and is projected to reach USD 8.0 Billion by 2030, growing at a CAGR of 8.1% from 2024 to 2030.
The automotive market has seen significant technological advancements over the years, particularly in areas concerning safety, comfort, and vehicle performance. One such innovation is the automotive electrically adjustable outside rear view mirror (ORVM), which offers substantial improvements over traditional manual mirrors. The ORVM system allows drivers to adjust the orientation of the side mirrors through electronic controls, offering higher convenience, better accuracy, and more versatility in comparison to mechanically adjusted mirrors. This adjustment mechanism is powered by the vehicle’s electrical system, providing enhanced ease of use, especially in modern vehicles where ease and comfort are prioritized. The automotive electrically adjustable ORVM market is expanding rapidly as more consumers and manufacturers see the value in these advanced features. With increasing consumer demand for safety features, superior visibility, and cutting-edge technology, the market is expected to witness considerable growth in the coming years.
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The automotive electrically adjustable outside rear view mirror market is segmented primarily by the types of vehicles using these mirrors, which include passenger cars and commercial vehicles. Each of these segments has unique demands, driven by the specific needs of their users and the design characteristics of the vehicles. The shift toward adopting electrically adjustable ORVMs is driven by safety regulations, user comfort, and the growing preference for high-tech solutions in vehicles. These segments will continue to evolve, with advancements in smart mirror technology and integration with other vehicle systems playing a critical role in the development of the automotive electrically adjustable ORVM market.
In the passenger car segment, electrically adjustable outside rear view mirrors are becoming an essential feature due to their significant impact on driving comfort and safety. The demand for these mirrors in passenger cars is primarily driven by consumer preferences for convenience and customization. Modern passenger vehicles are increasingly designed with advanced technological features that prioritize the driver's ease of use. The electrically adjustable ORVMs offer the added benefit of being able to adjust mirror positions from the driver's seat, without the need for physical manipulation of the mirror itself. This system not only enhances driver comfort but also contributes to safety by allowing for quick and precise mirror adjustments, which can be crucial in various driving conditions such as parking, reversing, or changing lanes. Additionally, the growing focus on luxury and premium vehicle segments has led to the wider adoption of electrically adjustable ORVMs in mid- to high-end passenger cars, further driving the market demand. With the integration of cameras and sensors, these mirrors are also evolving into smart mirrors that can support features such as blind-spot monitoring and adaptive lighting, further enhancing their value in the passenger car market.
The shift towards electrification and advanced driver-assistance systems (ADAS) has also played a pivotal role in the rise of electrically adjustable ORVMs in passenger vehicles. As safety regulations become stricter and as consumers demand higher levels of comfort and innovation, automotive manufacturers are prioritizing the inclusion of these mirrors in their designs. Electrically adjustable ORVMs offer improved visibility compared to traditional mirrors, which is particularly beneficial in enhancing driver awareness and minimizing blind spots. Moreover, these mirrors contribute to the vehicle's aerodynamics by allowing for more streamlined and compact designs that reduce drag, further boosting the appeal of electric and hybrid vehicles. As electric vehicle adoption rises, the market for electrically adjustable ORVMs in passenger cars is expected to continue its upward trajectory, with future innovations likely focusing on integration with autonomous driving technologies, which will allow the mirrors to adjust automatically based on the vehicle's needs and surroundings.
In the commercial vehicle segment, electrically adjustable outside rear view mirrors play a critical role in enhancing safety, driver efficiency, and operational convenience. Commercial vehicles, including trucks, buses, and other large vehicles, require mirrors that offer excellent visibility, given their size and the complex driving conditions they often face. Electrically adjustable ORVMs in these vehicles allow drivers to quickly adapt their mirrors to different driving situations, which is crucial in managing the vehicle's blind spots and ensuring a safe driving experience, especially when maneuvering in tight spaces or on highways. The integration of such mirrors also supports safer lane changes and reduces the risk of accidents, which is especially important for commercial fleets operating across long distances and under demanding conditions. Additionally, features such as integrated cameras and sensors provide real-time feedback to drivers, helping them avoid potential hazards and improve their driving posture. These advancements are driving the market for electrically adjustable ORVMs in commercial vehicles, as fleet owners and operators seek to invest in technologies that enhance safety and efficiency.
Moreover, the increasing demand for fuel-efficient and eco-friendly commercial vehicles has also contributed to the growing market for electrically adjustable ORVMs in this segment. These mirrors not only enhance driver comfort but also reduce the need for manual adjustments, leading to reduced wear and tear over time. Electrically adjustable ORVMs are also more easily integrated with the latest technologies, such as camera-based mirror systems that replace traditional glass mirrors altogether. This trend is gaining momentum in the commercial vehicle industry, with several major manufacturers adopting these advanced systems to improve safety, aerodynamics, and fuel efficiency. Furthermore, the rise in global trade and the expansion of e-commerce logistics has increased the number of commercial vehicles on the road, further driving the demand for advanced mirror technologies. As fleet management companies and commercial vehicle operators look for ways to boost operational efficiency, reduce costs, and improve driver safety, the adoption of electrically adjustable ORVMs in commercial vehicles is expected to see significant growth in the years to come.
The automotive electrically adjustable ORVM market is witnessing several key trends and opportunities that are reshaping the industry. One significant trend is the increasing integration of advanced technologies, such as cameras and sensors, into ORVM systems. These smart mirrors are capable of providing additional functionalities, such as blind-spot detection, lane-keeping assistance, and adaptive lighting, significantly improving driver safety and comfort. The rise of electric and autonomous vehicles also presents a substantial opportunity for the market. As electric vehicles (EVs) often feature a more streamlined design, the use of electrically adjustable ORVMs becomes increasingly critical in meeting regulatory standards and improving overall vehicle efficiency. Similarly, autonomous vehicles require more advanced and flexible mirror systems to cater to the evolving needs of driverless operations. The development of mirror systems that can automatically adjust to the environment or driving conditions is an area of significant interest and opportunity.
Furthermore, sustainability and energy efficiency are becoming critical drivers of innovation in the automotive industry. Electrically adjustable ORVMs can contribute to a vehicle's overall energy efficiency by reducing drag and optimizing aerodynamics. This is particularly important in the context of EVs, where every component's efficiency directly impacts the vehicle's range. Manufacturers are also focusing on reducing the environmental footprint of the materials used in ORVM systems, creating opportunities for the development of more eco-friendly solutions. The growing focus on connected vehicle technologies offers further opportunities, as ORVMs can be integrated with the broader in-car ecosystem to enhance the user experience, providing seamless connectivity and data sharing. As the market evolves, manufacturers who can leverage these trends to develop innovative, efficient, and safe ORVM solutions will be well-positioned to capture a larger share of the market.
What is an automotive electrically adjustable outside rear view mirror (ORVM)?
An automotive electrically adjustable ORVM allows the driver to adjust the side mirror's position using electronic controls, enhancing comfort and safety.
What are the benefits of using electrically adjustable ORVMs in passenger cars?
They provide convenience, better safety, and improved visibility for the driver, especially when adjusting mirrors in different driving conditions.
How do electrically adjustable ORVMs contribute to vehicle safety?
They help drivers quickly and accurately adjust the mirror, improving visibility and reducing blind spots, which enhances overall driving safety.
Are electrically adjustable ORVMs common in commercial vehicles?
Yes, they are increasingly adopted in commercial vehicles, offering benefits like better visibility and more efficient management of driving positions in large vehicles.
What technological advancements are being integrated into ORVMs?
Advanced technologies like cameras, sensors, and blind-spot monitoring are increasingly integrated into ORVMs for enhanced safety and functionality.
How do electrically adjustable ORVMs impact vehicle aerodynamics?
They contribute to improved aerodynamics by allowing for more compact and streamlined mirror designs, reducing drag and improving fuel efficiency.
Are electrically adjustable ORVMs used in electric vehicles (EVs)?
Yes, EVs benefit from the efficiency and design flexibility that electrically adjustable ORVMs provide, especially in enhancing aerodynamics and energy savings.
What is the future of electrically adjustable ORVMs in autonomous vehicles?
In autonomous vehicles, ORVMs will likely evolve into fully automated systems that adjust based on driving conditions and provide data-driven insights to the vehicle's AI system.
Can electrically adjustable ORVMs be integrated with other vehicle systems?
Yes, these mirrors can be integrated with ADAS (Advanced Driver Assistance Systems) to offer features like lane-keeping, adaptive lighting, and more.
How do electrically adjustable ORVMs help reduce driver fatigue?
By providing easy and quick adjustments from the driver's seat, they reduce physical strain and improve comfort, especially during long trips.
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Top Automotive Electrically Adjustable Outside Rear View Mirror (ORVM) Market Companies
Samvardhana Motherson Reflectec
Magna International
Gentex
Ficosa
Murakami Kaimeido
Mitsuba
MEKRA Lang
SL Corporation
Ichikoh Industries
Flabeg
Shanghai Lvxiang
Regional Analysis of Automotive Electrically Adjustable Outside Rear View Mirror (ORVM) Market
North America (United States, Canada, and Mexico, etc.)
Asia-Pacific (China, India, Japan, South Korea, and Australia, etc.)
Europe (Germany, United Kingdom, France, Italy, and Spain, etc.)
Latin America (Brazil, Argentina, and Colombia, etc.)
Middle East & Africa (Saudi Arabia, UAE, South Africa, and Egypt, etc.)
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Automotive Electrically Adjustable Outside Rear View Mirror (ORVM) Market Insights Size And Forecast