openPR Logo
Press release

Automotive Mirror System Market Size to Develop Lucratively by 2025

07-04-2018 10:13 PM CET | Logistics & Transport

Press release from: Transparency Market Research Reports

/ PR Agency: Transparency Market Research Reports
Automotive Mirror System Market Size to Develop Lucratively

A rear-view mirror is a looking glass in automobiles and other vehicles which are designed to let the driver see the rear of the vehicle through the automobile's rear window or rear windshield. In cars, the mirror is generally affixed to the uppermost portion of the windshield usually on a double-swivel mount, thereby allowing it to be attuned to suit the viewing angle and height of the driver and to swing innocuously for easy viewing so as to avoid collision.

The rear-view mirror is accompanied by one or multiple side-view mirrors that aid in rear-vision on cars, bicycles, and motorcycles. However, in trucks and buses, the load often blocks rearward vision. To avoid collisions, in the U.S. almost all buses and trucks have side view mirrors on both sides, mounted on the doors and watched from the side windows. These side view mirrors serve the purpose of rearward vision in these vehicles. Nonetheless, these mirrors leave a large blind area (unviewablea area) behind the vehicle, which decreases as the distance increases. There is another type of mirror known as spot mirrors which are a convex mirror which offers a distorted image of the side of the vehicle. These mirrors are usually mounted on the right side of a vehicle. In the U.S., mirrors are not included in width restrictions as they are considered as “safety equipment.”

Get PDF Sample of This Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=25550

Rising focus on improving the safety features in mid-size and compact cars is one of the crucial drivers for the growth of the automotive mirror system market. In countries such as the U.S, the NHTSA or National Highway Traffic Safety Administration has made it compulsory to use safety features such as rear-view cameras in vehicles, by 2018. Moreover, consumer awareness is leading to enhancements in the structure of the mirrors in mid-size and compact cars. For example, dimming mirrors were only available in the premium segment. However, they are now being equipped on the affordable segment vehicles as well. Moreover, in regions such as APAC, maximum number of top-selling cars use the day and night mirror, thereby propelling the automotive mirror system market over the forecast period.

Another trend prevailing in the global automotive mirror system market is the increasing replacement of traditional mirrors by the auto-dimming mirrors. The increasing need for innovative safety technologies has resulted in the rising popularity of auto-dimming mirrors. Although this technology is primarily installed in high-end automobiles and aircrafts, the increasing focus of customers on safety and convenience has resulted in the regulation of technology, thereby helping its application in the mid- and entry-level vehicles as well. Furthermore, the auto dimming mirrors offer additional benefits such as the inhibition of the blinding effect produced by the glare of headlights, thereby preventing accidents and collisions. Owing to these advantages, the lower models of cars are likely to be fitted with auto dimming mirrors during the forecast period, thereby augmenting the growth of the global automotive mirror system market.

The global automotive mirror system market can be segmented by position of the mirror, vehicle type, and geography. In terms of position of the mirror, the market can be segregated into interior automotive mirror system, and exterior automotive mirror system. The interior automotive mirror system market held a prominent share in the global automotive mirror system market and is likely to grow significantly during the forecast period. The increasing demand for IRVMs or inside rear-view mirrors and vanity mirrors is anticipated to fuel the growth of the market in the coming years. By vehicle type, the global automotive mirror system market can be divided into passenger vehicles and commercial vehicles.

View Our Report @ https://www.transparencymarketresearch.com/automotive-mirror-system-market.html

In terms of geography, the global automotive mirror system market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific region accounted for the maximum share of the global automotive mirror system market. Increase in sales of passenger cars, the growing focus on safety features, increase in the number of government regulations, and low usage of vanity mirrors, especially in the passenger car segment are expected to boost the demand for automotive mirror systems in this region.

Key players operating in the global automotive mirror system market are Gentax Corporation, Ficosa International, Magna International, Flabeg Automotive Holding, Samvardhana Motherson Group, Murakami Corporation, and Milenco.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The companyРђЎs exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMRРђЎs experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMRРђЎs data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Mirror System Market Size to Develop Lucratively by 2025 here

News-ID: 1110451 • Views:

More Releases from Transparency Market Research Reports

High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers. The demand for crude oil is increasing
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027 Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon

All 5 Releases


More Releases for Automotive

Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030. Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%. Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident. In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business. Get Sample Copy of this Report for more Information
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of