Rear-View Mirror Market is driven by Increasing Awareness About Vehicle and Passenger Safety.

According to the market research report Rear-View Mirror Market for Automotive by Product (Conventional and Smart), Feature (Auto dimming, BSD, Power Control, Automatic Foldable, Heated, Indicator), Type, Mounting Location, Vehicle Type, and Region - Global Forecast to 2022. The rear-view mirror market for automotive is primarily driven by the increasing awareness about vehicle and passenger safety. Additionally, the trend of integrating additional features in automotive mirrors has led to a rise in demand for rear-view mirrors. OEMs have launched new variants in mirrors with advanced features for driver assistance.

The rear-view mirror market for automotive is projected to grow at a CAGR of 5.39% during the forecast period, to reach USD 12.97 billion by 2022.

Download our free PDF Brochure and gain crucial industry insights that will help your business grow:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259996962

The key strategy adopted by major players to gain traction in the market is new product development. In 2017, Gentex Corporation (U.S.) launched a biometric authentication system which scans the iris of the driver for authentication. This system is integrated with an automatic dimming rear-view mirror. Likewise, in 2016, Murakami Corporation (Japan) introduced a multi-mirror system and hybrid inner mirror electronic mirror systems. These systems capture rear side views and rear views using a camera and project them on to the mirror.

Request for free Customization:

https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=259996962

The study estimates Asia-Pacific as the fastest growing market for smart rear-view mirrors during the forecast period. The market growth in this region can be attributed to increased vehicle sales and cost competitiveness for original equipment manufacturers. The demand for automotive mirrors is directly linked to the vehicle production in the region. The companies involved in the production of mirrors and their components have started focusing on the Asia-Pacific market to cater to the growing demand. Almost all top tier 1 players are present in the region, either through a joint venture or subsidiary company. Hence, the Asia-Pacific market will act as a new revenue pocket for the automotive mirror manufacturers.

Browse and in-depth TOC on Rear-View Mirror Market

79 - Tables

47- Figures

170 – Pages

The smart rear-view mirror is estimated to be the fastest growing segment of the rear-view mirror market, by product. The smart rear-view mirror is enriched with features and services such as telematics and integrated camera technology. Currently, OEMs offer these services in their premium vehicle models. However, these will soon be adopted in the other vehicles also. The market for smart rear-view mirror is expected to grow at the fastest rate owing to increasing adoption by OEMs.

Request for sample:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=259996962

Rear-View Mirror Market Key Players

The market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Magna International (Canada), Samvardhana Motherson Reflectec (Germany), Gentex Corporation (U.S.), Ficosa International S.A. (Spain), and Murakami Corporation (Japan).

Contact: Mr. Shelly Singh MarketsandMarkets™ Inc. 630 Dundee Road Suite 430 Northbrook, IL 60062 Usa : 1-888-600-6441 sales@marketsandmarkets.com