Study on Rear-View Mirror Market highlights key players such as Gentex Corporation, Samvardhana Motherson Reflectec, Magna International Inc., Ficosa International S.A., Continental AG, Murakami Corporation, Ichikoh Industries, Ltd., Mitsuba Corporation, Tokai Rika Co., Ltd., Mobvoi, Inc., SL Corporation, Honda Lock Mfg. Co., Ltd., Ishizaki Co., Ltd., Flabeg Automotive Holding GmbH, Sakae Riken Kogyo Co., Ltd.
Complete report on Rear-View Mirror Market spread across 170 Pages, Profiling 15 Companies and Supported with 79 Tables and 47 Figures is now available at www.rnrmarketresearch.com/rear-vie…arket-report.html
The automotive rear-view market is projected to grow at a CAGR of5.39% during the forecast period, to reach a market size of USD 12.97 billion by 2022.
Key Target Audience;
- Automotive rear-view mirror manufacturers and component suppliers
- Distributors and suppliers of automotive mirrors
- Automotive OEMs
- Industry associations and other driver assistance systems manufacturers
- The automobile industry and related end-user industries
According to the Global status report on road safety 2015, published by World Health Organization (WHO), more than 1.2 million road traffic deaths occur each year globally.Hence, as a safety measure, all vehicles are required to have rear-view mirrors.
OEMs are also integrating features such as auto dimming and blind spot detection into the mirror. According to the National Highway Traffic Safety Administration (NHTSA) statistics, nearly 840,000 blind spot accidents occur each year in the U.S.
The increasing awareness about passenger and vehicle safety and trend of integrating additional features into the mirrors are the key factors driving the automotive rear-view mirror market. On the other hand, the key factor restraining the market growth is the high replacement cost of the smart rear-view mirror.
The Asia-Pacific region is estimated to lead the rear-view market owing to increasing vehicle production in countries such as China and India. The vehicle production in these countries is projected to grow at a CAGR of 4–5% over the period of next five years.
the penetration of rear-view mirrors equipped with features is growing rapidly in these countries owing to increasing adoption of these mirrors by OEMs. This will lead to increased demand for rear-view mirrors in this region during the forecast period.
Key Points From Table Of Content:
8 Rear-View Mirror Market for Automotive, By Product
8.1.1 Rear-View Mirror Market for Automotive, By Product
8.1.2 Asia-Pacific: Rear-View Mirror Market for Automotive, By Product
8.1.3 Europe: Rear-View Mirror Market, By Product
8.1.4 North America: Rear-View Mirror Market, By Product
8.1.5 The Rest of the World: Rear-View Mirror Market, By Product
9 Rear-View Mirror Market for Automotive, By Feature
9.1.1 Rear-View Mirror Market for Automotive, By Feature
9.1.2 Auto-Dimming: Rear-View Mirror Market for Automotive
9.1.3 Blind Spot Detection: Rear-View Mirror Market for Automotive
9.1.4 Power Control: Rear-View Mirror Market for Automotive
9.1.5 Automatic Folding: Rear-View Mirror Market for Automotive
9.1.6 Heating: Rear-View Mirror Market for Automotive
9.1.7 Turn Signal Indicators: Rear-View Mirror Market for Automotive
9.1.8 Others: Rear-View Mirror Market for Automotive
The automotive rear-view mirror market has been segmented by type (interior & exterior), product (conventional and smart), mounting location (door and body), vehicle type (passenger cars, light commercial vehicles, trucks, and buses), feature (auto dimming, blind spot detection, power control, automatic foldable, heated, and turn signal indicator).The market has been projected in terms of volume (‘000 units) and value (USD million/billion).
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