An up-to-date intelligence study by Transparency Market Research (TMR) has detected that the global automotive rear view mirror market is marked by technological advancements and the presence of a large number of players, who are making the competitive landscape distributed. Having said that, a few vendors do hold a position of strength in the global automotive rear view mirror market, such as Gentex Corporation, Samvardhana Motherson, Magna International, Murakami, and Ficosa, whereas some of the other promising players are Honda Lock Manufacturing, FLABEG, Ichikoh Industries Ltd., SL Corporation, Lumax Automotive Systems Ltd, Burco Inc., Flabeg Automotive Holding GmbH, Valeo SA, Continental AG, Sakae Riken Kogyo Co., Ltd., Tokai Rika, and Metagal Industria e Comercio.

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Among these, Gentex currently has a good hold over the automotive rear view mirror market, which is a reflection of its innovations and strategic acquisitions. The company was the first one to introduce electromechanical auto dimming mirrors and had recently acquired Homelink from Johnson Controls. The company offers cost-efficient products that meet all the advanced features of display and safety, such as microphones, display, antennas, and cameras. Gentex currently caters to various leading players of the automotive industry, including Audi, Ford Motor Company, BMW, GM, Fiat Automobiles, and Rolls-Royce.

As per the evaluations of the TMR report, the global automotive rear view mirror market was worth US$8.96 bn in 2017. The demand is projected to increment at a CAGR of 4.4% during the forecast period of 2017 to 2022 to reach an estimated global worth of US$11.13 bn by 2022. Product-wise, in 2017, the flat mirror segment accounted for 27.9% of the overall demand and is expected remain the dominant segment throughout the forecast period. Geographically, North America and Europe are two most profitable regions, although the region of Asia Pacific except Japan (APEJ) is projected for the most robust growth rate.

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