The global rear-view mirror market size is expected to reach
USD 15.76 billion by 2025, according to a study conducted by Grand View
Research, Inc., exhibiting a 5.7% CAGR during the forecast period. Increasing
awareness among people regarding vehicle safety and rising sales of luxury
vehicles equipped with navigation and infotainment systems have bolstered
market growth.
Growing interest of rear-view mirror manufacturing
companies, such as Continental AG, toward capturing a larger share in the
developed markets of regions such as North America is expected to drive product
adoption. Additionally, rise in commercial activities is bolstering market
growth.
The Asia Pacific regional market is expected to
witness considerable growth, owing to increasing sales of passenger vehicles.
Stringent government regulations pertaining to passenger and vehicle safety are
further bolstering the growth of the market. Additionally, surging investments
in automobile production in many developing countries of the region are driving
the market.
However, high replacement, development, and
maintenance costs of smart rear-view mirrors are expected to hinder market
growth. Thus, rear-view mirror providers are focusing on developing affordable
solutions that can be used in other markets such as utilities and
transportation.
Full
Research Report On Global Rear-view Mirror Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/restaurant-management-software-market
www.grandviewresearch.com/industry-analysis/restaurant-management-software-market
Further
key findings from the report suggest:
- Auto-dimming feature offers both visual and
audio alerts and the segment is expected to register the highest growth
over the forecast period by feature
- Demand for door-mounted mirrors is expected to
increase in commercial vehicles
- Demand for smart rear-view mirrors is expected
to increase in passenger vehicles owing to benefits such as a built-in
camera that provides enhanced vision in unfavorable weather conditions and
eliminates glare caused by headlights of other cars
- Erratic cold weather conditions are one of the
key factors driving demand for mirrors with in-vehicle heating functions
in North America and Europe
- Asia Pacific is expected to emerge as the
fastest-growing region over the forecast period owing to increasing sales
of passenger and high-end premium vehicles
- Prominent industry participants include Gentex
Corporation; Continental AG; Valeo; Magna International, Inc.; and
Murakami Corporation.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/automotive-and-transportation
www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the global rear-view mirror market
based on feature type, mounting location, product type, type, vehicle type, and
region:
Rear-view
Mirror Feature Type (Revenue, USD Million, 2014 - 2025)
- Auto-Dimming
- Blind
Spot Detection
- Power
Control
- Automatic
Folding
- Heating
Function
- Others
Rear-view
Mirror Mounting Location Outlook (Revenue, USD Million, 2014 - 2025)
- Door
Mounted
- Body
Mounted
Rear-view
Mirror Product Type Outlook (Revenue, USD Million, 2014 - 2025)
- Smart
Rear-View Mirror
- Conventional
Rear-View Mirror
Rear-view
Mirror Type Outlook (Revenue, USD Million, 2014 - 2025)
- Exterior
Mirror
- Interior
Mirror
Rear-view
Mirror Vehicle Type Outlook (Revenue, USD Million, 2014 - 2025)
- Passenger
Vehicles
- Commercial
Vehicles
Rear-view
Mirror Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- Asia
Pacific
- China
- India
- Japan
- South
America
- Brazil
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-rear-view-mirror-market
www.grandviewresearch.com/press-release/global-rear-view-mirror-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For More
Information: www.grandviewresearch.com
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