What is Rear View Mirror Replacement Market Scope?
Rear view mirror replacement is a digital mirror system, which improves the driver’s 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 Rear View Mirror Replacement 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. Analysts at AMA predicts that Vendors from United States 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).
Segmentation Analysis
Analyst at AMA have segmented the market study 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).
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.
Influencing Market Trend
- Rising Demand to Replace Side-View Mirrors with Cameras in New Model
Market Drivers
- Increasing Awareness among People Regarding Vehicle Safety
- Rising Sales of Luxury Vehicles Equipped With Navigation and Infotainment Systems
Opportunities
- Increasing Demand from Emerging Economics such as China and India
Restraints
- High Replacement Cost of Smart Rear-View Mirror
- Integration of Infotainment and Navigation Applications
Challenges
- Regulations Pertaining to Rear-View Mirror
Key Target Audience
Automotive 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
Customization available in this Study:
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