The Art of Vision: Rear View Mirrors’ Primary Function
What’s the primary function of an automotive rear view mirror ? To offer the driver a clear, unobstructed view of objects to the side or rear of the vehicle. In an era where safety is paramount, automotive OEMs have become increasingly innovative. They are integrating various safety features into rear view mirrors, making them an essential part of the vehicle’s safety arsenal.
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Market Value :
In the ever-evolving world of automotive innovation, one component has quietly played a crucial role, keeping drivers and passengers safe – the automotive rear view mirror. It’s not just a mirror; it’s a guardian angel on the road. And with a projected market value of US$95.58 billion by 2029 and a steady CAGR of 1.5%, this unassuming hero is set to take center stage.
Automotive Rear View Mirror Market Regional Insights
The Regional Analysis in the report helps to understand the Automotive Rear View Mirror market in various countries. The report includes a detailed analysis of all the factors including drivers, restraints, opportunities and challenges in all the regions: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Automotive Rear View Mirror Market Segmentation
Based on type, the exterior mirror segment is expected to dominate the automotive rear view mirror market during the forecast period. The use of exterior mirrors is imperative in all types of vehicles. The use of exterior mirrors is essential in all types of vehicles. Exterior mirrors are the option to side view ones. They aid in route changing and parking. Furthermore, they assist avoid accidents, driving fatigue, and traffic violations.
Based on features, the heating function segment dominated the market in 2022 and is estimated to continue its dominance over the forecast period. The most commonly used features are the heating, automatic foldable and power controlled variety. The more expensive features are the auto-dimming mirror and blind-spot detection offer better vehicle control and reduction in the accident.
Based on the mounting location, the door-mounted variety is more commonly used. This is mainly attributable to the comfort and freedom it provides in syndicating the electrical and electronic system. These assist in easy mirror part replacement and repair if needed. They can be adjusted by the driver as per convenience and visibility. The body-mounted segment is projected to be illustrating the highest growth rate by 2029.
Based on vehicle type, the passengers’ segment holds the dominant share in the rear-view mirrors market and is anticipated to expand at a CAGR of 6.5% over the forecast period. The light commercial vehicle segment is projected to witness the fastest growth over the upcoming years.
Automotive Rear View Mirror Market Key Players
1. Gentex Corporation
2. Continental AG
3. Valeo
4. Magna International, Inc.
5. Murakami Corporation
6. Ficosa
7. Samvardhana Motherson
8. Honda Lock Manufacturing
9. Ichikoh Industries Ltd.
10.SL Corporation
11.Sakae Riken Kogyo Co., Ltd.
12.Flabeg Automotive Holding GmbH
13.Lumax Automotive Systems Ltd
14.Burco Inc.
15.Tokai Rika
16.Mobvoi, Inc
17.Mitsuba Corporation
18.Ishizaki Honten Company Limited
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Table of Content: Sulfur Market
Part 01: Executive Summary
Part 02: Scope of the Sulfur Market Report
Part 03: Global Sulfur Market Landscape
Part 04: Global Sulfur Market Sizing
Part 05: Global Sulfur Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2021)
- Past Pricing and price curve by region (2017 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
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