Asia Pacific Automotive Rear View Mirror Market Growth Opportunities and Trends

Asia Pacific Automotive Rearview Mirror Market Size, Share and Competitive Landscape

The Asia Pacific automotive rear view mirror market is forecast to grow from USD 6.21 billion in 2025 to USD 10.85 billion by 2034, driven by a CAGR of 6.39% from 2025 to 2034

Introduction

The Asia Pacific automotive rear-view market is a prominent branch of the automotive component industry. This industry deals in manufacturing and distribution of automotive rear-view mirror in the APAC region. There are various types of rear-view mirrors developed in this sector consisting of convex mirror, anti-glare mirror, auto-dimming mirror and some others. These mirrors are integrated with different features comprising of automatic folding, heating function, blind spot detection, power control, auto-dimming and some others. It is designed for numerous types of vehicles including passenger cars, heavy commercial vehicles (HCV), light commercial vehicles (LCV) and some others. The growing sales of hybrid vehicles in APAC region has boosted the market growth. This market is expected to rise significantly with the growth of the electric vehicle industry in this region.

• According to the International Energy Agency, around 0.6 million PHEVs were sold in China during 2021 that increased to 2.7 million units in 2023.

Highlights of the Asia Pacific Automotive Rear View Mirror Market

• China held the highest share of the Asia Pacific rear view mirror market due to the technological advancements in the automotive sector.
• India is expected to rise with a significant CAGR due to the rapid investment in automotive components industry.
• Japan is projected to rise with a notable CAGR due to the increasing sales of hybrid vehicles in this country.
• South Korea held a considerable share of the industry due to the growing demand for smart rear-view mirrors in this country.

Key Metrics and Overview

Asia Pacific Automotive Rear View Mirror: Stats & Figures

• According to the OICA, around 3992727 passenger cars were registered in Japan during 2023.
• According to the Malaysian Automotive Association, around 799,731 vehicles were sold in Malaysia during 2023.
• According to the International Energy Agency, around 16.1 million BEVs were sold in China during 2023.
• According to the Society of Indian Automobile Manufacturers, around 9,67,878 commercial vehicles were sold in India during 2023-24.

Industry Leader Announcement

In March 2024, Anand Kumar, the Head of Product & Strategy, Aftermarket Domain at Uno Minda Ltd made an announcement stating that, “We're observing a notable shift within the automotive landscape. It's evident that consumers aren't solely focused on incorporating the latest gadgets into their vehicles. Instead, there's a discernible trend towards prioritizing safety features and seeking enhancements that contribute to safer driving experiences. In response to this evolving consumer sentiment, we're pleased to introduce the four-wheeler Rear View Mirror in the aftermarket segment. This innovative product offers drivers a reliable, long-lasting solution, catering to their heightened emphasis on road safety.”

Country Level Insights

In Asia Pacific, China is the major contributor of this industry. The market in China is generally driven by the presence of several automotive components manufacturers. Also, Japan is expected to rise with a significant growth rate due to the technological advancements in the automotive sector. Additionally, India and South Korea are predicted to grow with a notable CAGR due to the rising demand for luxury vehicles across these countries.

Competitive Landscape

The Asia Pacific automotive rear view mirror market is a highly fragmented industry with the presence of several dominating players. Some of the prominent companies in this industry consists of Murakami Corporation, Samvardhana Motherson Reflectec, KDC and some others. These companies are constantly engaged in developing rear view mirrors for the automotive sector and adopting numerous strategies to maintain their dominance in this industry.

• According to the Murakami Corporation, the revenue of the company in 2023 was 90643 million yen that increased to 104601 million yen in 2024.

Asia Pacific Automotive Rear View Mirror Market Segmentations

By Mounting Position

• Door Mounted
• Body Mounted

By Features

• Auto-dimming
• Automatic Folding
• Heating Function
• Blind Spot Detection
• Power Control
• Others

By Product Type

• Smart Rear-view Mirror
• Conventional Rear-view Mirror

By Vehicle Type

• Passenger car (PC)
• Heavy commercial vehicle (HCV)
• Light commercial vehicle (LCV)

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa