Automotive Rear View Mirror Companies: Magna International, Samvardhana Motherson Reflectec (SMR), Tokai Rika Co., Ltd., etc.

The automotive rear-view mirror market aims to innovate and deliver advanced safety and driver-assistance solutions, integrating technologies such as digital displays and camera systems to enhance vehicle performance and driver experience.

The Automotive Rear View Mirror Market includes analysing key industry players, their advanced product offerings, and planned market positioning. It contains detailed company profiles, highlighting their competitive advantages and market contributions. Also, it covers recent developments and future growth opportunities within the sector.

The Automotive Rear View Mirror Market size is expected to reach nearly USD 15.22 Bn. by 2030 with a CAGR of 7.8% during the forecast period. The automotive rear-view mirror market is highly competitive, driven by advancements in technology and evolving consumer preferences. Key players in this sector include major automotive providers and technology innovators, such as Magna International, Samvardhana Motherson Reflectec (SMR) and Tokai Rika Co., Ltd., These companies are leveraging cutting-edge technologies like camera-based systems, and digital displays to differentiate their product offerings and enhance driving safety. The market is characterized by intense rivalry, with firms investing heavily in R&D to integrate smart features such as adaptive lighting and collision avoidance systems. Also, strategic partnerships and mergers are prevalent as companies seek to grow their market presence and technological capabilities. As regulatory standards tighten and demand for advanced driver-assistance systems (ADAS) grows, the competitive dynamics are expected to intensify further. Magna International Magna International is a prominent player in the automotive rear-view mirror market, focusing on innovation and strategic advancements. The company is actively developing and supplying advanced rear view mirror solutions, including integrated camera systems and digital displays, aimed at enhancing vehicle safety and driver assistance. Magna's strategy involves leveraging its expertise in automotive technologies to integrate smart features such as automatic dimming, lane-keeping assist, and collision warning systems into its mirror products. Also, Magna emphasizes strategic partnerships and collaborations with OEMs to co-develop cutting-edge solutions and meet evolving market demands. The company's commitment to R&D and technological innovation positions it competitively within the market, aligning with the industry's shift towards sophisticated, high-performance rear view mirror systems. Samvardhana Motherson Reflectec (SMR) Samvardhana Motherson Reflectec (SMR) stands at the forefront of the automotive rear-view mirror market, delivering advanced solutions across all vehicle segments globally. Specializing in both exterior and interior mirror systems, SMR caters to major automotive manufacturers in North America, Europe, Asia, and Australia. Renowned for innovation, SMR pioneered exterior mirrors with integrated turn signals, electrically extendable mirrors for commercial vehicles, and the world’s first intelligent camera-assisted blind-spot detection system using image processing technology. With over 10,600 employees spread across 35 production and logistics centersglobal, SMR commands a significant 24% share of the global market for exterior mirrors. The company excels in polymer processing, electronic and electro-mechanical components, and automated painting and assembly. Tokai Rika Co., Ltd. Tokai Rika Co., Ltd., a key player in the automotive rear-view mirror market, excels in integrating advanced technologies into mirror systems. Renowned for its innovative approach, Tokai Rika develops high-performance mirrors incorporating features such as digital displays, integrated sensors, and camera systems to enhance driver safety and vehicle functionality. Their focus on product innovation includes advanced glare-reduction technology, adaptive lighting, and seamless connectivity with vehicle control systems. By leveraging expertise in electro-mechanical design and optical engineering, Tokai Rika positions itself at the cutting edge of mirror technology, driving advancements in driver assistance and vehicle integration solutions.

Recent Development:

• In Sep 11, 2022, Magna Enters Micromobility Market: Invested in Yulu and Creating Battery-Swapping Business. $77 million investment opens door to fast-growing micromobility market Battery-swapping service unlocks new business model for Magna Opportunity to advance sustainable urban mobility in India.

• June 28, 2022, TOKAI RIKA and AISAN TECHNOLOGY have signed a contract to develop systems for remotely monitoring and operating multiple autonomous vehicles. The aim is to enable remote monitoring, reduce workload for monitoring personnel, and update maps using vehicle images. This marks TOKAI RIKA's full-scale entry into remote monitoring for autonomous driving services. TOKAI RIKA and AISAN TECHNOLOGY are collaborating on a joint development project. TOKAI RIKA use its expertise in camera and image processing systems such as electronic mirrors that clearly display wide views of the road environment behind the driver to study and develop an optimal image display format for autonomous vehicle monitoring, while AISAN TECHNOLOGY focus on map updating technologies.

1. Automotive Rear View Mirror Market Competition Matrix 1.1. Market Structure 1.1.1. Market Leaders 1.1.2. Market Followers 1.1.3. Emerging Players 2. Competitive Benchmarking of key players 3. Mergers and Acquisition in Automotive Rear View Mirror Market 4. SWOT Analysis of Key Players 5. Automotive Rear View Mirror Market Manufacturing Company Profile: Key Players 5.1. Magna International Inc. • Company Overview • Financial Overview • Product Portfolio • Business Strategy • Recent Developments • Development Footprint 5.2. Gentex Corporation 5.3. Muth Mirror Systems, LLC 5.4. Ficosa International SA 5.5. FLABEG Automotive Holding GmbH 5.6. SamvardhanaMothersonReflectec (SMR) 5.7. Magna Mirrors Holding GmbH 5.8. SL Mogilev 5.9. Tokai Rika Co., Ltd. 5.10. Mitsuba Corporation 5.11. SL Corporation 5.12. Lumax Industries Limited 5.13. Ichikoh Industries, Ltd. 5.14. Mobvoi 5.15. Honda Lock Mfg. Co., Ltd. 5.16. Murakami Kaimeido 5.17. Bosal Nederland B.V. 5.18. Murakami Corporation 5.19. Chengdu Telewing Electronics Co., Ltd. 5.20. FoshanYifeng Auto Parts Manufacturing Co., Ltd. 5.21. Changzhou Lingyun Auto Electron Co., Ltd. 5.22. Shanghai Ganxiang Automobile Mirror Co., Ltd. 5.23. Sichuan Skay-View Automobile Parts Co., Ltd. 5.24. Chennai Radha Engineering Works Pvt. Ltd. 5.25. Chennai Auto-View Mirror Pvt. Ltd. 5.26. Others Key Players 6. Key Findings