Rear View Mirror Replacement Market Scope
Rear view mirror replacement is a digital mirror system, which improves the driverís all-round view. It has several benefits for using CCD Camera and CMOS camera in the vehicle such as to give the driver a clear vision of all the objects, to ensure safety, manufacturers are focusing on novel technologies, among others. Increasing usage of rear view camera in various application such as OEM, aftermarket & others, raising awareness among people regarding vehicle safety, among others will, in turn, propel the growth of rearview mirror replacement market.
The market study is being classified by Type (CCD Camera and CMOS Camera), by Application (OEM and Aftermarket) and major geographies with country level break-up.
The rear view mirror replacement market is highly fragmented in nature with a large number of international as well as regional players operating in the market. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Rear View Mirror Replacement market throughout the predicted period.
Robert Bosch GmbH (Germany), TRW Automotive (United States), Continental AG (Germany), Autoliv Inc. (Sweden), Magna Electronics Holly (United States), MCNEX Co Ltd (South Korea), Panasonic Corporation (Japan), Aisin Seiki Co., Ltd., (Japan), Delphi Technologies (Ireland) and Valeo (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Gentex Corporation (United States).
AdvanceMarketAnalytics has segmented the market of Global Rear View Mirror Replacement market by Type, Application and Region.
On the basis of geography, the market of Rear View Mirror Replacement has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle Type, the sub-segment i.e. Passenger Cars will boost the Rear View Mirror Replacement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In September 2018, the Toyota Motor Corporation (Japan) Company has announced to replace side-view mirrors with cameras in the new model. Therefore, this will, in turn, propel the growth of rear view mirror replacement market.
- Rising Demand to Replace Side-View Mirrors with Cameras in New Model
- Increasing Awareness among People Regarding Vehicle Safety
- Rising Sales of Luxury Vehicles Equipped With Navigation and Infotainment Systems
- Increasing Demand from Emerging Economics such as China and India
- High Replacement Cost of Smart Rear-View Mirror
- Integration of Infotainment and Navigation Applications
- Regulations Pertaining to Rear-View Mirror
Key Target AudienceAutomotive Rear-View Mirror Manufacturers and Component Suppliers, Distributors and Suppliers of Automotive Mirrors, Automotive OEMs, Industry Associations and Other Driver Assistance Systems Manufacturers and The Automobile Industry and Related End-User Industries
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