The rear-view mirror market for automotive is projected to grow at a CAGR of 5.39% from 2017 to 2022, to reach a market size of USD 12.97 Billion by 2022.
Increasing awareness about vehicle and passenger safety is expected to drive the demand for the automotive rear-view mirror. The safety of passengers and vehicles has become the prime concern for vehicle buyers. According to the Global status report on road safety 2015, more than 1.2 Million road traffic deaths occur each year globally. To reduce these accidents, OEMs are integrating different safety features in the automotive mirror. This integration of safety features is expected to drive the automotive rear-view mirror market.
Blind spot detection is estimated to be the fastest growing automotive mirror feature globally, in terms of volume. Blind spot detection system detects the distance and closing speed of objects in adjacent lanes. It also alerts the driver if a collision is imminent. The growth of this segment can be attributed to its ability to prevent blind spot accidents. However, the power control feature of the mirror is estimated to dominate the automotive rear-view mirror market. The driver can control the mirror without any manual effort.
The smart rear-view mirror is estimated to be the fastest growing product of the automotive rear-view mirror market. On the other hand, the conventional rear-view mirror is estimated to be the largest market. The market for smart rear-view mirror is in the high growth stage. Leading OEMs are adding new features in the rear-view mirror and are adopting smart rear-view mirror to gain competitive advantage. While the interior mirror market is estimated to grow at the fastest pace, the exterior mirror has the largest market size. In the interior mirror, OEMs are adding features such as camera monitoring, navigation, and infotainment. Likewise, OEMs are also adding features in the exterior mirror.
Ficosa International Sa
Flabeg Automotive Holding Gmbh
Honda Lock Mfg. Co., Ltd.
Ichikoh Industries, Ltd.
Ishizaki Honten Company Limited
Magna International, Inc.
Sakae Riken Kogyo Co., Ltd.
Samvardhana Motherson Reflectec
Tokai Rika Co., Ltd.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technological Overview
7 Rear-View Mirror Market for Automotive, By Type
8 Rear-View Mirror Market for Automotive, By Product
9 Rear-View Mirror Market for Automotive, By Feature
10 Rear-View Mirror Market for Automotive, By Vehicle Type
11 Rear-View Mirror Market for Automotive, By Region