Market Share of Automotive Outside Rearview Mirrors (ORVM) Industry
The automotive market is moderately consolidated due to the presence of many local and global players such as Magna International Inc., Gentex Corporation, and Valeo amongst others. The market is transforming but the new technologies are right now in the concept phase and in the near future, they will not replace conventional mirrors. Although companies are increasing investment in R&D projects to provide a more convenient and safer experience to the car owner. For instance,
- In May 2021, Gentex Corporation announced that it has recently begun shipping to Volkswagen its Bluetooth-enabled automatic-dimming mirror with HomeLink integrated buttons capable of operating a wide range of radio frequency (RF) and cloud-based smart home devices. Gentex's Bluetooth-enabled HomeLink mirror will launch with VW as an optional accessory on the 2022 Volkswagen Taos.
Automotive Outside Rearview Mirrors Market Leaders
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Gentex Corporation
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Samvardhana Motherson Reflectec
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Magna International, Inc.
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Ficosa International SA
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Murakami Corporation
*Disclaimer: Major Players sorted in no particular order
