Global Automotive Inside Rearview Mirrors Market Size and Share Analysis 2023-2028

Market Overview

The Automotive Inside Rearview Mirrors (IRVM) Market is projected to grow from USD 2,911 million in 2023 to USD 3,863 million by 2028, at a Compound Annual Growth Rate (CAGR) of 5.82% during the forecast period (2023-2028).

The automotive inside rearview mirror serves as a crucial component placed inside the car cabin, enabling the driver to obtain a clear view of the rear. This IRVM plays a vital role in vehicle reversing and managing blind spots during driving, thereby enhancing rider safety and comfort.

Product Type

Market Report

No. of Pages


Release Date

April 2023

Base Year


Forecast Period


Market Size

USD 2.8 billion in 2021

Market Segments

Vehicle Type, Powertrain Type, Feature Type, Sales Channel Type, and Geography



No. of Companies Mentioned


The market for automotive inside rearview mirrors experienced a negative impact from the pandemic, as a significant number of OEMs and auto component suppliers had to halt production due to government lockdown measures. This resulted in reduced demand from OEMs for IRVM and lower production volumes from manufacturers. However, since 2021, the market has been witnessing a steady recovery in demand for IRVM, driven by the rebound in auto sales globally and an improved supply chain network worldwide.

Furthermore, over the medium term, the increasing production of vehicles with integrated Advanced Driver Assistance Systems (ADAS) features, driven by rising awareness towards passenger comfort and safety, as well as government regulations mandating safety features, is expected to boost demand in the market. For instance, according to the Insurance Institute for Highway Safety, approximately 15,000 people are injured annually in back-over accidents, with children and the elderly being the most vulnerable. Additionally, the National Highway Traffic Safety Administration reports that nearly 840,000 blind-spot accidents occur every year in the United States. This highlights the crucial role of vehicle IRVMs in ensuring driver comfort and safety.

Cameras and sensors are integral to modern vehicles, serving various purposes. They enable OEMs to manufacture safer, more comfortable, and fuel-efficient cars. Rear-view cameras and other camera systems have been recognized for their potential to enhance vehicle safety. However, in some cases, complex camera and monitor systems designed to improve driver visibility can become confusing and distracting.

The Asia-Pacific region is expected to dominate the global automotive rearview mirror market due to the rising production of vehicles in countries like India, Japan, and China. Additionally, Europe is likely to be the second-largest market, boasting prominent players such as Porsche, Audi, Volkswagen, and BMW. Technological advancements in these regions are expected to create significant opportunities in the automotive mirror market throughout the forecast period.

Market Segmentation

The market is segmented based on various factors, including vehicle type, powertrain type, feature type, sales channel type, and geography.

Segmentation by Vehicle Type
Passenger Car
Commercial Vehicle

Segmentation by Powertrain Type

Segmentation by Feature Type
Blind spot indicator

Segmentation by Sales Channel Type

Segmentation by Geography
North America – United States, Canada, and Rest of North America
Europe – United Kingdom, Germany, France, and Rest of Europe
Asia-Pacific – China, Japan, India, South Korea, and Rest of Asia-Pacific
Rest of the World – Brazil, United Arab Emirates, and Other Countries

During the forecast period, the passenger car segment of the automotive market is expected to experience rapid growth. This can be attributed to the increasing vehicle production and the efforts of major Original Equipment Manufacturers (OEMs) to introduce innovative products, aiming to appeal to a wide range of consumers amidst the rising vehicle sales worldwide. For instance, in 2021, global car sales reached approximately 66.7 million, showing an increase from 63.8 million in 2020. The global pandemic adversely impacted economic activities, including car sales, leading to a 14.8% decline in cars sold in 2020 compared to 2019. However, with the world returning to a state of normalcy, car sales have rebounded, contributing to the projected growth of the automotive Inside Rearview Mirror (IRVM) market during the forecast period.

Given the escalating demand for passenger cars and the growing awareness of electric mobility, major automotive players are actively exploring ways to electrify their existing fleet. For instance:

In March 2022, Ford Motors announced plans to introduce three all-electric passenger vehicles in Europe by the end of 2024. They have set a target to sell more than 600,000 electric vehicles annually in the Europe region by 2026.

In January 2022, General Motors announced its consideration of investing over USD 4 billion in two Michigan factories to enhance its electric car manufacturing capacity. This includes the proposed construction of a USD 2.5 billion battery facility in Lansing in collaboration with LG Energy Solution.

The increasing sales of passenger cars have led to a promising growth in the demand for IRVMs. Presently, all mid-segment and luxury passenger cars come equipped with advanced IRVMs, which has asserted technological dominance over the market. For example:

In August 2022, Audi India introduced its new Q3 model, featuring several new technologies such as a frameless auto-dimming IRVM and parking aid plus with a rear-view camera. These additions aim to enhance driver safety and comfort, among other features.

Tata Group, after experiencing impressive sales with Tata Punch, announced plans to launch a Creta segment mid-size SUV named Blackbird in the following year. This car is set to include advanced features, including auto-dimming IRVM, automatic climate control, electrically operated ORVMs, and more.

The automotive Inside Rearview Mirror market faces stiff competition from new camera technologies integrated into the passenger car segment. Leading automotive OEMs and interior rear-view mirror manufacturers are incorporating cameras with conventional mirrors to provide drivers with a better view, especially in situations where the rear view is obstructed. This integration has been deemed as the best solution in the automotive industry to address such challenges. With these developments and the increasing sales of passenger cars, the demand for IRVMs is expected to witness a high growth rate in the forecast period.

The Asia-Pacific region holds the largest market share in the automotive Inside Rearview Mirror market due to factors such as low-cost raw materials, affordable labor, and government initiatives to promote local manufacturing. China, in particular, stands out as one of the largest producers and consumers of electric vehicles in the region. Additionally, countries like India, Japan, and South Korea are witnessing a surge in passenger car sales, which further boosts the demand for inside rear-view mirrors in the automotive industry.

China’s electric vehicle market has received substantial government support, including incentives related to the purchase of new energy vehicles (NEVs) extended until 2022. The Asia-Pacific region is actively supporting the adoption of electric vehicles. For instance:

In January 2020, Tesla Motors inaugurated a USD 2 billion facility in Shanghai, which continued production even during the COVID-19 pandemic while other global facilities were temporarily shut down.

Hyundai observed a significant rise in the sales of its all-electric cars, with sales figures for Battery Electric Vehicles (BEV) and plug-in electric cars showing remarkable growth during the end of FY21.

Developing and untapped markets are allocating significant resources to improve transportation and safety measures, resulting in increased vehicle sales and the demand for additional features to enhance vehicle safety. Given the high dependence of IRVM sales on vehicle sales, the Asia-Pacific region remains at the forefront of vehicle sales worldwide, making it a central hub for IRVM adoption. Considering these factors, the demand for IRVM is expected to witness a high growth rate during the forecast period.

Competitive Landscape

The automotive market is characterized by a moderate level of fragmentation, owing to the presence of numerous local and global players, including Gentex Corporation, Magna International Inc., and Samvardhana Motherson Reflectec, among others. While the market is undergoing transformation, the adoption of new technologies is currently concentrated mainly in luxury vehicles and specific markets. As a result, conventional mirrors are not expected to be completely replaced in the near future, primarily due to existing regulations favoring conventional mirror usage.

However, companies are increasingly investing in Research and Development (R&D) projects to enhance the car owner’s experience by incorporating more convenient and safer features without necessarily eliminating conventional mirrors. With the growing dominance of technology and the continuous improvement of Inside Rearview Mirrors (IRVM) features, the market has witnessed substantial growth. A few noteworthy examples include:

In August 2022, Mahindra and Mahindra introduced the new Scorpio N petrol variant equipped with an auto-dimming IRVM. This addition aims to enhance user safety and comfort during drives.

In July 2022, SemiDrive made an announcement that Chery’s OMODA 5 SUV has adopted SemiDrive’s X9 series automotive SoC (system-on-a-chip). The X9 series allows for the provision of outputs to up to 10 HD screens, including instrument panels, console controls, rearview mirrors, and entertainment for back row passengers, all through a single chip. Additionally, it supports multi-screen sharing and interaction.

Key companies profiled in this report include Gentex Corporation, Samvardhana Motherson Reflectec, Magna International, Inc., Ficosa International SA, Continental AG, Murakami Corporation, Tokai Rika Co., Ltd., Mitsuba Corporation, SL Corporation, Flabeg Automotive Holding GmbH.

Recent Industry Developments

In September 2022, OMNIVISION entered into a partnership with Analog Devices, Inc. (ADI) to introduce a camera system catering to automotive Original Equipment Manufacturers (OEMs). This system enables a seamless transition from SD to HD resolution, maintaining exceptional performance while ensuring the lowest possible system cost. The solution incorporates OMNIVISION’s OX01F10 1.3-megapixel (MP) SoC in conjunction with ADI’s C2B Car Camera Bus (C2B) link technology, specifically designed for entry-level HD rear-view (RVC) and surround-view (SVS) cameras and e-mirrors.

In August 2022, Gentex made an announcement of its plan to invest $300 million in Zeeland, aiming to foster growth in the region. The company’s proposal entails the construction of a state-of-the-art manufacturing facility and distribution center in Zeeland Charter Township. This strategic initiative will significantly augment the company’s capacity for processing glass and manufacturing auto-dimming interior and exterior mirrors, along with other vital components. Additionally, in the year 2021, Gentex successfully distributed 27.2 million interior automatic-dimming mirrors.

Also, in August 2022, Holitech Europe GmbH disclosed its ongoing development of a high-resolution video camera with a resolution of 2M, intended for streaming applications at the rear of automobiles. The company’s pipeline includes an 8M resolution camera designed for deployment in Advanced Driver Assistance Systems (ADAS), 2M resolution cameras intended to replace conventional rearview mirrors, and a 1M resolution camera optimized for use in combination with a DVR (Digital Video Recorder) within the vehicle. Holitech further produces comprehensive camera systems that encompass a control unit and four wide-angle cameras, enabling a 360° all-round vision. These cameras are available in VGA and HD resolution options.

Key Questions Answered

How large is the Automotive Inside Rearview Mirrors (IRVM) Market?
The Automotive Inside Rearview Mirrors (IRVM) Market is projected to reach USD 2,911 million in 2023 and is expected to grow at a CAGR of 5.82% to reach USD 3,863 million by 2028.

What is the current size of the Automotive Inside Rearview Mirrors (IRVM) Market?
In 2023, the Automotive Inside Rearview Mirrors (IRVM) Market size is estimated to be USD 2,911 million.

Who are the major players in the Automotive Inside Rearview Mirrors (IRVM) Market?
The key companies operating in the Automotive Inside Rearview Mirrors (IRVM) Market include Gentex Corporation, Magna International, Inc., Samvardhana Motherson Reflectec, Ficosa International SA, and Murakami Corporation.

Which region is experiencing the fastest growth in the Automotive Inside Rearview Mirrors (IRVM) Market?
Asia Pacific is expected to witness the highest CAGR during the forecast period (2023-2028) in the Automotive Inside Rearview Mirrors (IRVM) Market.

Which region holds the largest market share in the Automotive Inside Rearview Mirrors (IRVM) Market?
In 2023, the Asia Pacific region accounts for the largest market share in the Automotive Inside Rearview Mirrors (IRVM) Market.

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Global Automotive Inside Rearview Mirrors Market Size and Share Analysis 2023-2028

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Global Automotive Inside Rearview Mirrors Market Size and Share Analysis 2023-2028

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