Automotive Rear-view mirror Market 2018 Global Leading Players Analysis: FLABEG, Ficosa, Magna, Gentex, SL Corporation, Burco, Valeo, Lumax Automotive, Honda Lock Manufacturing, Ichikoh, and Murakami

Automotive Rear-view mirror Market Highlights:

Automotive Rear-view mirror Market growing at Phenomenal Compound Annual Growth rate of 6% by forecast period of 2018 to 2023. Automotive Rear-view mirror Market is majorly driven by factors such as the global automotive sales have seen a steady increase due to the increase in the purchase power of people the world over. Secondly, the safety features used in the automobiles have seen a drastic shift due to increased vehicle movement. Thirdly, the automobile manufacturers must deal with the tremendous competition in the automotive field and thus to differentiate their product offering, they offer state of the art technological features at competitive prices to stay ahead of the curve

Automotive Rear-view mirror Key Companies Market Analyzed for This Research Report Are:

FLABEG Holding GmbH (Germany), Ficosa International S.A. (Spain), Magna International Inc. (Canada), Gentex Corporation (U.S.), SL Corporation (South Korea), and Burco Inc. (U.S.). Valeo SA (France), Lumax Automotive Systems Ltd (India), Honda Lock Manufacturing (Japan), Ichikoh Industries, Ltd. (Japan), and Murakami Corporation (Japan) are among others.

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The global automotive scenario has seen a lot of changes in terms of the approach used in vehicle manufacturing in the past and in the future. Earlier, the focus would be more on delivering a functional product in context of the core requirements. Thus, the automakers would use purely mechanical technology for the car manufacturing. To put it simply, for all the moving components, every part that was utilized would be the ones following the basic laws of mechanical engineering. Thus any vehicle that was manufactured would consist of more than 95% mechanical parts and less than 5% electrical parts (headlights, tail lights, spark plugs etc.). But, with the advent of the electronics and related science, the entire dynamics of the automotive industry changed. The automobiles started incorporating more electronics in the automobile functioning. This was primarily done to easily control the vehicle functionality and also to have easy & efficient monitoring of the problems (if any) or the repair works that are being carried out. Thus, almost every new technology developed in the automotive field was done with the help of the electronics system.

The mirrors have been an integral part of the automotive set up for almost if the automobiles have been plying on the global scenario. Still, for the longest time, mirrors were an added safety feature instead of being looked at from a point of view of crucial necessity. With the advent of the synergistic use of electronics in enhancing the vehicle safety features, the mirrors were not being left far behind. In this context, the mirror now made from advanced electronic materials, wherein they could dim the intensity of the bright headlight from the oncoming vehicle or the vehicle just behind the automobile in question.

Additionally, the mirrors could also then double up as a screen for helping the parking assist system. This works wherein, the rear parking assistance system consisting of sensors and cameras provides a real-time data to the vehicle central processing unit. This data is then processed and displayed on the split screen which is built inside the rear mirror. Thus the mirror can double up as normal / conventional mirror in the absence of use of the parking assistance system, and can be used as a high definition screen where the video feed from the parking assist technology gets displayed.

This MRFR Automotive Rear-view mirror market perspective delivers a complete analysis of the opportunities of Automotive Rear-view mirror system and its prospects over the next five years, until 2023. All the key parameters that are currently governing the course of the market were gauged thoroughly. The research objective also includes identification of primary growth enablers and threats for the market that are likely to emerge during the assessment period. It also includes risk assessment and evaluation of untapped growth pockets.

Regional Analysis:

Based on region, the market is segmented based on North America, Asia Pacific, Europe, and Rest of the World. The customers in U.S. and Canada generally prefer large SUVs and mini trucks, which require parking assistance systems, thus making this region a strong prospect for rearview mirror market growth. The Europe region is known for sale of high-end cars, which can be fitted with this system to provide a more seamless driving experience. The Asia Pacific region is seeing consistent automobile sales for a long time. Due to the increased purchase power, people in this region are willing to spend a little extra for safety and security thus underlining the importance of this region for the growth of the rearview mirror system.

Automotive Rear-view mirror Market Segmentation:

This study provides an overview of the Global Automotive Rear-View Mirror Market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive rear-view mirror market by its Mounting Position, Location, Technology, Features, Vehicle Type and Region.

Competitive Landscape:

The Automotive Rear-view mirror market is witnessing intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations, as key factors that confront market growth. The vendors compete in terms of cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality driver state monitoring systems, to survive and succeed in an intensely competitive market environment.

Major Table of Content:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter's Five Forces Analysis

Continued...

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