A rear-view mirror is a looking glass in automobiles and other
vehicles which are designed to let the driver see the rear of the
vehicle through the automobile's rear window or rear windshield. In
cars, the mirror is generally affixed to the uppermost portion of the
windshield usually on a double-swivel mount, thereby allowing it to
be attuned to suit the viewing angle and height of the driver and to
swing innocuously for easy viewing so as to avoid collision. The
rear-view mirror is accompanied by one or multiple side-view mirrors
that aid in rear-vision on cars, bicycles, and motorcycles. However,
in trucks and buses, the load often blocks rearward vision. To avoid
collisions, in the U.S. almost all buses and trucks have side view
mirrors on both sides, mounted on the doors and watched from the side
windows. These side view mirrors serve the purpose of rearward vision
in these vehicles. Nonetheless, these mirrors leave a large blind
area (unviewablea area) behind the vehicle, which decreases as the
distance increases. There is another type of mirror known as spot
mirrors which are a convex mirror which offers a distorted image of
the side of the vehicle. These mirrors are usually mounted on the
right side of a vehicle. In the U.S., mirrors are not included in
width restrictions as they are considered as “safety equipment.”
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Rising focus on improving the safety features in mid-size and compact
cars is one of the crucial drivers for the growth of the automotive
mirror system market. In countries such as the U.S, the NHTSA or
National Highway Traffic Safety Administration has made it compulsory
to use safety features such as rear-view cameras in vehicles, by
2018. Moreover, consumer awareness is leading to enhancements in the
structure of the mirrors in mid-size and compact cars. For example,
dimming mirrors were only available in the premium segment. However,
they are now being equipped on the affordable segment vehicles as
well. Moreover, in regions such as APAC, maximum number of
top-selling cars use the day and night mirror, thereby propelling the
automotive mirror system market over the forecast period.
Another trend prevailing in the global automotive mirror system
market is the increasing replacement of traditional mirrors by the
auto-dimming mirrors. The increasing need for innovative safety
technologies has resulted in the rising popularity of auto-dimming
mirrors. Although this technology is primarily installed in high-end
automobiles and aircrafts, the increasing focus of customers on
safety and convenience has resulted in the regulation of technology,
thereby helping its application in the mid- and entry-level vehicles
as well. Furthermore, the auto dimming mirrors offer additional
benefits such as the inhibition of the blinding effect produced by
the glare of headlights, thereby preventing accidents and collisions.
Owing to these advantages, the lower models of cars are likely to be
fitted with auto dimming mirrors during the forecast period, thereby
augmenting the growth of the global automotive mirror system market.
The global automotive mirror system market can be segmented by
position of the mirror, vehicle type, and geography. In terms of
position of the mirror, the market can be segregated into interior
automotive mirror system, and exterior automotive mirror system. The
interior automotive mirror system market held a prominent share in
the global automotive mirror system market and is likely to grow
significantly during the forecast period. The increasing demand for
IRVMs or inside rear-view mirrors and vanity mirrors is anticipated
to fuel the growth of the market in the coming years. By vehicle
type, the global automotive mirror system market can be divided into
passenger vehicles and commercial vehicles.
In terms of geography, the global automotive mirror system market can
be segmented into North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa. The Asia Pacific region accounted for
the maximum share of the global automotive mirror system market.
Increase in sales of passenger cars, the growing focus on safety
features, increase in the number of government regulations, and low
usage of vanity mirrors, especially in the passenger car segment are
expected to boost the demand for automotive mirror systems in this
region.
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Key players operating in the global automotive mirror system market
are Gentax Corporation, Ficosa International, Magna International,
Flabeg Automotive Holding, Samvardhana Motherson Group, Murakami
Corporation, and Milenco.
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