Global Automotive Mirror System Market 2017-2021

  • ID: 4201986
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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until May 31st 2018
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FEATURED COMPANIES

  • Ficosa International
  • FLABEG AUTOMOTIVE HOLDING
  • Gentex Corporation
  • Magna International
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

About Automotive Mirror System
Every vehicle is equipped with a rearview mirror. Two rearview mirrors are positioned outside a vehicle, whereas a rearview mirror is positioned inside the vehicle where it is mounted on the front windshield of the vehicle. Most of the passenger cars are equipped with vanity mirrors, positioned at the sun visor, whereas vanity mirrors are not present in LCVs and M&HCVs. There is a growing trend where conventional mirrors are gradually getting replaced by auto-dimming mirrors and smart rearview mirrors.

The analysts forecast the global automotive mirror system market to grow at a CAGR of 4.59% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global automotive mirror system market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe

The report, Global Automotive Mirror System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors
- Ficosa International Terumo
- Gentex Corporation
- Magna International
- Samvardhana Motherson Group

Other prominent vendors
- FLABEG AUTOMOTIVE HOLDING
- Milenco
- Murakami Corporation

Market drivers
- Increase in the sales of passenger cars is driving the demand for mirror systems.
- For a full, detailed list, view the full report

Market challenges
- Lower pricing of the aftermarket product.
- For a full, detailed list, view the full report

Market trends
- Integration of camera, radar, and LED technologies into the mirror system.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the Key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Ficosa International
  • FLABEG AUTOMOTIVE HOLDING
  • Gentex Corporation
  • Magna International
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
  • Value chain analysis
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by position
  • Global automotive mirror system market by position
  • Global automotive interior mirror system market
  • Global automotive exterior mirror system market
PART 07: Geographical segmentation
  • Global automotive mirror system market by geography
  • Automotive mirror system market in Americas
  • Automotive mirror system market in Europe
  • Global automotive mirror system market in APAC
PART 08: Key leading countries

PART 09: Decision framework

PART 10: Drivers and challenges
  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments
PART 11: Market trends
  • Integration of camera, radar, and LED technologies into the mirror system
  • Increase in the popularity of smart rearview mirrors
  • Auto-dimming mirrors are replacing the conventional mirrors
PART 12: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
PART 13: Key vendor analysis
  • Ficosa International
  • Gentex Corporation
  • Magna International
  • Samvardhana Motherson Group
PART 14: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Value chain of automotive mirror system market
Exhibit 02: Overview of global automotive mirror system market
Exhibit 03: Global automotive mirror system market 2016-2021 (units in millions)
Exhibit 04: Five forces analysis
Exhibit 05: Global automotive mirror system market by position 2016 and 2021
Exhibit 06: Global automotive interior mirror system market 2016-2021 (units in millions)
Exhibit 07: Global automotive interior mirror system market by region 2016-2021 (units in millions)
Exhibit 08: Global sales of passenger cars with respect to global sales of passenger cars with vanity mirrors 2016
Exhibit 09: Global automotive exterior mirror system market 2016-2021 (units in millions)
Exhibit 10: Global automotive exterior mirror system market by region 2016-2021 (units in millions)
Exhibit 11: Global automotive mirror system market by geography 2016 and 2021
Exhibit 12: Global automotive mirror system market share by geography 2016 (units in millions)
Exhibit 13: Automotive mirror system market in Americas 2016-2021 (units in millions)
Exhibit 14: Sales growth rate of different vehicle segments in 2016 compared with 2015 (%)
Exhibit 15: Sales of vehicles in Americas by vehicle type 2016 (units in millions)
Exhibit 16: Automotive mirror system market in Europe 2016-2021 (units in millions)
Exhibit 17: Sales of vehicles in Europe by vehicle type 2016 (units in millions)
Exhibit 18: Automotive mirror system market in APAC 2016-2021 (units in millions)
Exhibit 19: Key leading countries
Exhibit 20: Impact of drivers
Exhibit 21: Impact of challenges
Exhibit 22: Other prominent vendors
Exhibit 23: Ficosa International: Business segmentation
Exhibit 24: Ficosa International: Product portfolio
Exhibit 25: Ficosa International: Recent developments
Exhibit 26: Gentex Corporation: Business segmentation
Exhibit 27: Gentex Corporation: Product portfolio
Exhibit 28: Gentex Corporation: Recent developments
Exhibit 29: Magna International: Business segmentation
Exhibit 30: Magna International: Product portfolio
Exhibit 31: Magna International: Recent developments
Exhibit 32: Samvardhana Motherson Group: Business segmentation
Exhibit 33: Samvardhana Motherson Group: Product portfolio
Exhibit 34: Samvardhana Motherson Group: Recent developments
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FEATURED COMPANIES

  • Ficosa International
  • FLABEG AUTOMOTIVE HOLDING
  • Gentex Corporation
  • Magna International
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: – Global Automotive Mirror System Market 2017-2021

The author of the report recognizes the following companies as the key players in the global automotive mirror system market: Ficosa International, Gentex Corporation, Magna International and Samvardhana Motherson Group.

Other Prominent Vendors in the market are: FLABEG AUTOMOTIVE HOLDING, Milenco and Murakami Corporation.

Commenting on the report, an analyst from the research team said: “One trend in the market is integration of camera, radar, and LED technologies into the mirror system. There have been increased government regulations regarding enhancing the safety features for vehicles. As a result, there has been a trend where OEMs are integrating the camera, radar, and LED technologies into the mirror systems to enhance the safety features. Such features are being now being offered in the vehicles as standard fitments rather than as optional features.”

According to the report, one driver in the market is increase in the sales of passenger cars is driving the demand for mirror systems. The sales of passenger cars are positively correlated with the market growth of automotive mirror systems as each passenger car equipped with two ORVMs, one IRVM, and a vanity mirror (not present in the entry-level variants of the mass-selling cars). Mirror systems in the passenger car segment contribute predominantly to the automotive mirror system market. In terms of volume, mirror systems in the passenger car segment constituted a share of 88.11% of the overall automotive mirror system market. Global car sales increased by around 3% in 2016 wherein most of the sales have been contributed by the sales of SUVs and crossovers in the Chinese and the European passenger car markets.

Further, the report states that one challenge in the market is lower pricing of the aftermarket product. Advanced automotive mirror systems equipped with features such as rearview sensors and LCD monitors are costlier than the conventional mirror systems. Thus, a number of automotive OEMs provide advanced mirror systems as an optional feature rather than a standard fitment. In addition, OEMs in the automotive mirror aftermarket provide such products at a lower price with better features than the automotive OEMs. Hence, cost-sensitive consumers prefer aftermarket products over the standard fitments provided by the automotive OEMs.

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.
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1h Free Analyst Time

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  • Ficosa International
  • Gentex Corporation
  • Magna International
  • Samvardhana Motherson Group
  • FLABEG AUTOMOTIVE HOLDING
  • Milenco Murakami Corporation
Note: Product cover images may vary from those shown
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