What is Automotive Intelligent Rear View Mirror?
Automotive intelligent rear-view mirrors, also known as smart rear-view mirrors, are a form of rear-view mirror with an in-built LCD monitor that provides a clear and enhanced picture of the path or road behind the car. The automotive intelligent rear-view mirror is a cutting-edge technology that contains a camera (usually a high-resolution camera) that is integrated into the vehicle's back end and projects the image on the rearview mirror's in-built LCD monitor. Automakers are concentrating their efforts on rear-view mirror research and development in order to assure the safety of both the driver and the vehicle. Drivers can use the LCD display and mirror together or swap between them based on their desire.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Nissan Motor Co (Japan), Magna International Inc. (Canada), Gentex Corporation (United States), Ficosa Internacional SA (Spain), Continental AG (Germany), Ichikoh Industries, Ltd. (Japan), Burco Inc. (United States), Murakami Corporation (Japan), Panasonic Corporation (Japan) and Robert Bosch GmbH (Germany) |
The study covers a detailed analysis segmented by key business segments i.e. and major geographies. Research Analyst at AMA predicts that Japan Vendors will contribute to the maximum growth of Global Automotive Intelligent Rear View Mirror market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Automotive Intelligent Rear View Mirror market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Nissan Motor Co (Japan), Magna International Inc. (Canada), Gentex Corporation (United States), Ficosa Internacional SA (Spain), Continental AG (Germany), Ichikoh Industries, Ltd. (Japan), Burco Inc. (United States), Murakami Corporation (Japan), Panasonic Corporation (Japan) and Robert Bosch GmbH (Germany).
Market Overview:
In September 2022, Motherson acquired Ichikoh Industries' mirror business. This acquisition marks an important milestone in the Group's relationship with Japan, which began as an initial collaboration in 1983. As the third largest automotive production hub with strong technology leadership, Japan remains Motherson's primary target market.
The increasing number of connecting cars and luxury cars. The Automotive Intelligent Rear View Mirror market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on the production technologies, efficiency enhancement, and product life. There is various growth opportunity in this market by providing high performance and smart mirror which is captured by leading players via tracking the ongoing process enhancement and huge investment in market growth strategies.
Influencing Trend:
Automotive Industry Inclinations Towards Developing Innovative Technologies
Market Growth Drivers:
Rising Demand For Vehicle Safety Systems and Growing Automotive Industry Worldwide
Challenges:
Facing Tough Competition From New Camera Technologies
Restraints:
The Cost Of The Automotive Intelligent Rear View Mirror Systems Is High
Opportunities:
Commercialization And Development Of Fully Automatic Vehicle and Growth In Information, Use Of Advanced Features In Vehicles
Key highlights of the Global Automotive Intelligent Rear View Mirror market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Automotive Intelligent Rear View Mirror market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Automotive Intelligent Rear View Mirror market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Automotive Intelligent Rear View Mirror Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive Intelligent Rear View Mirror market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Automotive Intelligent Rear View Mirror market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Automotive Intelligent Rear View Mirror Manufacturers, Automotive Intelligent Rear View Mirror Sub Component Manufacturers, Automotive Intelligent Rear View Mirror Traders/Distributors, Original Equipment Manufacturers, End Users, Regulatory Bodies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.