Automotive Rear View Mirror Market
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Current and Projected <strong>Automotive</strong> <strong>Rear</strong> <strong>View</strong> <strong>Mirror</strong><br />
<strong>Market</strong> size in terms of volume and value 2017-2027<br />
April 2017<br />
Report Id : REP-GB-3435<br />
Status : Ongoing<br />
Category : <strong>Automotive</strong> & Transportation<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
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<strong>Automotive</strong> <strong>Rear</strong> <strong>View</strong> <strong>Mirror</strong> <strong>Market</strong><br />
The main function of automotive rear view mirror is to give the driver a clear vision of all the objects to<br />
the side or rear of the vehicle. In order to ensure safety, manufacturers are focussing on novel<br />
technologies for the development of innovative automotive rear view mirrors. For instance, a recently<br />
launched rear view mirror incorporates a rear camera, where the whole display mirror is converted into a<br />
video display that provides a panoramic view of the objects behind the vehicle.<br />
Significant efforts have been made by automobile and component manufacturers to reduce<br />
aerodynamics drag, noise and vibration. However, less attention has been drawn for the refinement of<br />
performance of automobile side rear view mirror, especially mirror vibration. <strong>Rear</strong> view mirrors are used<br />
in four wheelers as well as two wheelers. In the case of four wheelers, two types of rear view mirrors are<br />
used; windshield rear view mirrors and side view mirrors. In California, the law states that the vehicle<br />
should have two rear view mirrors to ensure the safety of passengers inside the vehicle.<br />
Global <strong>Automotive</strong> <strong>Rear</strong> <strong>View</strong> <strong>Mirror</strong> <strong>Market</strong>: Dynamics<br />
The growing demand for safety systems coupled with increase in number of vehicles is expected to fuel<br />
the demand for global automotive rear view mirror market. Moreover, standards and laws pertaining to<br />
automotive rear view mirrors are further upsurge the demand for automotive rear view mirror market<br />
during the forecast period. However, smart mirrors, which increases the cost of the vehicle can act as a<br />
challenge for the growth of automotive rear view mirror market.<br />
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<strong>Automotive</strong> <strong>Rear</strong> <strong>View</strong> <strong>Mirror</strong> <strong>Market</strong><br />
Global <strong>Automotive</strong> <strong>Rear</strong> <strong>View</strong> <strong>Mirror</strong> <strong>Market</strong>: Restraints<br />
With the advancement in technology, concept cars are coming with camera installed instead of mirrors.<br />
Cameras possess numerous advantages over traditional automotive rear view mirrors and help improve<br />
safety. This leap in technology is projected to restrict the growth of the global automotive rear view<br />
mirror market.<br />
Japan is expected to be the first country, which allows camera instead of mirror. Later on, European<br />
legislations will also permit this technology to reach stores by 2019. The luxury car manufacturers are<br />
estimated to adopt this technology in their upcoming models owing to the higher cost associated with<br />
cameras, as compared to traditional automotive rear view mirrors.<br />
Global <strong>Automotive</strong> <strong>Rear</strong> <strong>View</strong> <strong>Mirror</strong> <strong>Market</strong>: Trend<br />
Nowadays, electronic rear view mirrors are replacing traditional rear view mirrors in the form of display<br />
and camera. This smart automotive rear view mirror integrates driving recorder, electronic speed<br />
detection alerting, GPS, ADAS, navigation system, entertainment, gesture recognition and voice<br />
operation. Various manufacturers are investing in smart mirror technology to capture market share.<br />
Smart mirrors also incorporate the functions of auto dimming, electric control, memory and heating.<br />
These functions of automotive rear view mirrors are primarily assembled in luxury and mid-range<br />
vehicles.<br />
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<strong>Automotive</strong> <strong>Rear</strong> <strong>View</strong> <strong>Mirror</strong> <strong>Market</strong><br />
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Global <strong>Automotive</strong> <strong>Rear</strong> <strong>View</strong> <strong>Mirror</strong> <strong>Market</strong>: Segmentation<br />
On the basis of position, the global automotive rear view mirror can be segmented into:<br />
‣ Side rear view mirror<br />
‣ Windshield rear view mirror<br />
On the basis of vehicle type, the global automotive rear view mirror can be segmented into:<br />
‣ Passenger Car<br />
‣ Light Commercial Vehicle<br />
‣ Heavy Commercial Vehicle<br />
‣ Two Wheeler<br />
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<strong>Automotive</strong> <strong>Rear</strong> <strong>View</strong> <strong>Mirror</strong> <strong>Market</strong><br />
Global <strong>Automotive</strong> <strong>Rear</strong> <strong>View</strong> <strong>Market</strong>: <strong>Market</strong> Participants<br />
Some of the examples of the market participants in the global automotive rear view mirror market<br />
identified across the value chain include:<br />
‣ Magna International Inc.<br />
‣ Gentex Corporation<br />
‣ Ichikoh Industries Ltd.<br />
‣ Ficosa Internacional SA<br />
‣ Samvardhana Motherson Reflectec<br />
‣ SL Corporation<br />
‣ Lumax <strong>Automotive</strong> Systems Ltd<br />
‣ Burco Inc.<br />
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<strong>Automotive</strong> <strong>Rear</strong> <strong>View</strong> <strong>Mirror</strong> <strong>Market</strong><br />
‣ Flabeg <strong>Automotive</strong> Holding GmbH<br />
‣ Murakami Corporation<br />
‣ Valeo SA<br />
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