According
to study, “Global
Automotive Rear-view Mirror Market 2019 by Manufacturers, Regions, Type
and Application, Forecast to 2024” some of the other major companies currently operating
in global automotive rear-view mirror market are SamvardhanaMothersonReflectec (SMR),
Gentex Corp., Magna International Inc., Continental AG, MEKRA Lang, Ficosa
International SA, Murakami Kaimeido,Tokai Rika Co., Ltd., Mitsuba Corp., Ichikoh
Industries Ltd., Flabeg Automotive Holding GmbH, Ishizaki Honten Company
Limited, Honda Lock Mfg. Co., Ltd., Burco Inc., Sakae Riken Kogyo Co., Ltd., SL
Corporation, Mobvoi Inc., Shanghai Lvxiang, Flabeg, Sichuan Skay-View, Beijing
Goldrare.
Automotive
rear view mirrors are majorly a convex mirror that are designed to permit
drivers to see rear-view of the vehicle's rear window or rear the windshield. The
rearview mirrors integrates driving recorder, GPS, ADAS, electronic speed
detection alerting, navigation system, gesture recognition,entertainment, and
voice operation.
The
use of automotive rear-view mirror are installed to ensure safety, and use of focused
novel technologies for expansion of innovative automotive rear view mirrors. Recently,
the use of rear- view mirror have launched use of incorporation of a rear-view
camera, which have wide use of display mirror converted over a video display which
gives a panoramic sight of the objects behind the vehicle.
Based
on type, global automotive rear-view mirror market is segmented into interior
rear-view mirror and exterior rear-view mirror. Exterior mirrors aid in route
changing & parking. Based on the product type, market is categorized into flat
mirror, aspheric mirror or wide angle mirror, convex mirror, two piece tow
mirror and two piece spotter mirrors. Based on component, type market is segmented
into body shell, power fold unit, mounting base, mirror glass and others. Based
on technology, market is segmented into smart rear view mirror and conventional
rear view mirror. Based on feature type, market is segmented into heated, power
adjusted, manual adjusted, signal, cross path detection, auto dimming or
electro chromatic, and blind spot detection. The auto dimming mirror and blind
spot detection provide better vehicle control & reduction in the accident. Based
on position, market is segmented into side, dashboard, windshield, and interior
roof. Based on vehicle type, market is defined as compact passenger cars,
premium passenger cars, mid-sized passenger cars, luxury passenger cars, heavy
commercial vehicles (HCV) and light commercial vehicles (LCV).
The
global automotive rear-view mirror is driven by the increase in awareness about
vehicle & passenger safety. Some of the other driving factors increasing the
demand include premium segment vehicles and the growing trend of integrating the
additional features. Apart from the major advantages, the other major restraints
associated with the market include high replacement cost of smart rear-view
mirror, followed by regulations pertaining to rear-view mirror etc. The integration
of infotainment & navigation applications is major opportunity for market.
The
North America region with the key countries US and Canada are the major
automotive market in the world owing to increase the number of SUVs & mini
trucks. Additionally, Asia Pacific region is further expected to support the
risein middle class and increasing purchasing power. In Asia-Pacific region, China
is the largest consumer of and is anticipated to retain the high growth rate due
to substantial growth in the automotive industry. Globally, automotive
rear-view mirror is projected to grow at a CAGR of about 2.1% over the forecast
period and it is expected to reach US $8310 million in 2024,
from US$ 7320 million in 2019.
For more information on the research
report, refer to below link:
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