Rear-View Mirror Market for Automotive worth 12.97 Billion USD by 2022

1. The Automotive Rear-View Mirror Market is projected to grow at a CAGR of 5.39% from 2017 to 2022, to reach a market size of USD 12.97 billion by 2022. Factors such as increasing awareness about passenger and vehicle safety and trend of integrating additional features are expected to drive the demand for smart rear-view mirrors during the forecast period. According to Federal Motor Vehicle Safety Standards (U.S), all cars are required to have side and rear- view mirrors. The Alliance of Automobile Manufacturers has filed a petition to update these standards and allow them to replace side mirrors with cameras. If the National Highway Traffic Safety Administration (NHTSA) allows the replacement of side mirrors with the camera, it will change the landscape of the automotive mirror industry in the U.S. Changes in the European regulation allow mirrorless cars for road testing purpose. Likewise, Japanese regulators have approved the use of camera technology to replace mirrors on cars in 2017. This mixed scenario of regulations across the globe is a challenging situation for tier 1 players to form a coherent global strategy. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=259996962 The study estimates Asia-Pacific as the fastest growing market for smart rear-view mirrors during the forecast period. The market growth in this region can be attributed to increased vehicle sales and cost competitiveness for original equipment manufacturers. The demand for automotive mirrors is directly linked to the vehicle production in the region. The companies involved in the production of mirrors and their components have started focusing on the Asia-Pacific market to cater to the growing demand. Almost all top tier 1 players are present in the region, either through a joint venture or subsidiary company. Hence, the Asia-Pacific market will act as a new revenue pocket for the automotive mirror manufacturers. The blind spot detection is projected to grow at the fastest rate owing to the inclination of governments and consumers toward additional safety attributes of vehicles. Asia-Pacific is estimated to be the fastest growing market for blind spot detection in the automotive mirror. OEMs in this region are increasingly adopting rear-view mirrors that have blind spot detection feature. North America is estimated to be the second fastest growing market for blind spot detection. On the other hand, Europe is estimated to have the largest market share, by volume, of blind spot equipped automotive mirrors. The smart rear-view mirror is estimated to be the fastest growing segment of the rear-view mirror market, by product. The smart rear-view mirror is enriched with features and services such as telematics and integrated camera technology. Currently, OEMs offer these services in their premium vehicle models. However, these will soon be adopted in the other vehicles also. The market for smart rear-view mirror is expected to grow at the fastest rate owing to increasing adoption by OEMs. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=259996962 Rear-View Mirror Market Target Audience • • Automotive rear-view mirror manufacturers and component suppliers Distributors and suppliers of automotive mirrors

2. • • • Automotive OEMs Industry associations and other driver assistance systems manufacturers The automobile industry and related end-user industries About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com