1. automotive and vehicles

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