TechNavio recognizes the following companies as the key players in the Global Automotive Rear View Mirrors Market: Magna International Inc., Samvardhana Motherson Group (Motherson), Ficosa International S.A., and Murakami Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The increasing demand for auto-dimming rearview mirrors is one of the major trends in the Global Automotive Rearview Mirror market. Auto-dimming mirrors, which are also known as electrochromic mirrors, basically help in minimizing the bright glare of light coming from vehicles in the rear. These mirrors consist of a gel that darkens when a small charge of electricity is applied and reduces headlamp glare from following traffic, which helps in preventing uncomfortable driving conditions. The Global Auto-dimming Mirror market is expected to be worth more than US$3 billion by 2016, and the Auto-dimming Mirror market in the APAC region is expected to grow at a CAGR of more than 20 percent during the forecast period.”
According to the report, one of the major drivers in this market is the growing Global Automotive Components market. The Global Automotive Components market directly influences the demand for automotive mirrors, thereby propelling the growth of the market.
Further, the report states that one of the major challenges in this market is the increasing average selling price; this adversely affects manufacturers’ financial status and reduces investment in R&D.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Ichikoh, Metagal Industria e Comercio Ltda, and Honda Lock Manufacturing Co. Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-automotive-rear-view-mirrors-mar…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Automotive Rear View Mirrors Market 2012-2016
