Press release
Increase in the sales of passenger cars is driving the demand for Global Automotive Mirror System Market
Every vehicle is equipped with a rearview mirror. Two rearview mirrors are positioned outside a vehicle, whereas a rearview mirror is positioned inside the vehicle where it is mounted on the front windshield of the vehicle. Most of the passenger cars are equipped with vanity mirrors, positioned at the sun visor, whereas vanity mirrors are not present in LCVs and M&HCVs. There is a growing trend where conventional mirrors are gradually getting replaced by auto-dimming mirrors and smart rearview mirrors.
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Technavios analysts forecast the global automotive mirror system market to grow at a CAGR of 4.59% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive mirror system market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
T
he market is divided into the following segments based on geography:
Americas
APAC
Europe
T
echnavio's report, Global Automotive Mirror System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Ficosa International Terumo
Gentex Corporation
Magna International
Samvardhana Motherson Group
Other prominent vendors
FLABEG AUTOMOTIVE HOLDING
Milenco
Murakami Corporation
Market driver
Increase in the sales of passenger cars is driving the demand for mirror systems.
For a full, detailed list, view our report
Market challenge
Lower pricing of the aftermarket product.
For a full, detailed list, view our report
Market trend
Integration of camera, radar, and LED technologies into the mirror system.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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