Rear-View Mirror Market 2018 Global Size, Share, Trends, And Key Company Analysis: FLABEG Holding, Ficosa , Magna, Gentex, SL Corporation, Burco, Valeo SA, Lumax Automotive Systems, Honda Lock, Ichikoh Industries, and Murakami Corporation

Rear-View Mirror Market 2018 - Forecast to 2023 is latest research report on Rear-View Mirror Industry published by “’Market Research Future””. Report provides Global Rear-View Mirror Market Size, Share, Growth, Key Players, And Regional Analysis With Forecast To 2023.  Report analyzes Rear-View Mirror Market Information by Mounting Position (Body, Door), By Location, By Technology, By Features (Power Controlled, Auto Dimming, Turn Signal, Blind Spot Detection, Auto Foldable), By Vehicle Type, Region.

Automotive Rear View Mirror Market is predicted to grow at approximately 6% CAGR by 2023.

Rear-View Mirror Global Market Key Company Analyzed 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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Rear-View Mirror Global Market Highlights:

The mirrors have been an integral part of the automotive set up for almost as long as 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 be left far behind. In this context, the mirror were 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.

There are many factors responsible for the growth of the automotive rearview mirror market globally. Firstly, 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 have to 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. The global automotive rearview mirror market is expected to grow with a CAGR of approx. 6% (2017 to 2023).

Market by Segmentation:

On the basis of the mounting position, the door mounted variety is more commonly used. This is primarily due to the ease and freedom it provides in syndicating the electrical and electronic system. This helps in easy mirror part replacement and repair if need be.

On the basis of the location, both the varieties – interior rearview mirror and the exterior rearview mirror are used. The interior mirror offers more options for customization like toggling between a normal mirror and transforming into the digital screen. This helps in better maneuverability and vehicle control.

On the basis of the technology, the smart rear view mirror is costly and offers more plethora of options in terms of the functionality. The conventional rear-view mirror, on the other hand, is a more cost-effective option and can be fitted even in budget vehicles. On the basis of the features, the most commonly used features are the signal indicator, auto folding option and power-controlled variety. The more expensive features like the auto dimming mirror and blind spot detection offer better vehicle control and reduction in mishaps.

Market by Region:

On the basis of 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.

Table Of Contents:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Automotive Rear View Mirror Market, By Mounting Position

5.1 Introduction

Continued...

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