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Global Automotive Electric Side View Mirror Market 2019-2023 - Product Image

Global Automotive Electric Side View Mirror Market 2019-2023

  • ID: 4758486
  • Report
  • March 2019
  • Region: Global
  • 110 pages
  • TechNavio
1h Free Analyst Time

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

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FEATURED COMPANIES

  • Ficosa Internacional SA
  • Magna International Inc.
  • Mitsuba Corp.
  • Murakami Corporation
  • MORE
The automotive industry is undergoing a radical change in the form of electrification of vehicle components. Vehicle manufacturers are replacing mechanical parts with electronic components to increase the vehicle's power and fuel efficiency. Similarly, conventional side-view mirrors increase the air drag of the vehicle and negatively affect its fuel efficiency. Replacing these with camera-based side mirrors decreases the vehicle's overall air drag and allows the vehicle to consume less fuel.

The rise in the number of electronic parts used in the automotive industry will eventually reduce the production cost due to the economies of scale. This will, in turn, reduce the prices of electronic sensors, actuators, and mechanisms used in electric side view mirrors and drive adoption during the forecast period. The analysts have predicted that the automotive electric side view mirror market will register a CAGR of over 9% by 2023.

Market Overview

Increasing safety concerns in automotive ecosystem

Most safety measures are focused on drivers as human errors are the primary cause of accidents. Vehicle safety in terms of side-view visibility is evolving as an important focus for customers and vehicle manufacturers. As a result, the dimming mirror emerged in the automotive market. Although the cost of these systems is high, with increasing demand, costs are expected to decrease during the forecast period.

Circuitry issues with electric side view mirrors leading to high replacement and repair costs

Replacement costs associated with automotive technologies have increased with advances in automotive technologies. The maintenance cost of electric side view mirrors is considerably higher than that of conventional side-view mirrors. Despite the benefits of automotive electric side view mirrors, vehicle owners and drivers may prefer to use conventional mirrors owing to reliability concerns. Automotive electric side view mirrors may fail due to functional and operational issues. These issues are a major challenge for the growth of the market.

For the detailed list of factors that will drive and challenge the growth of the automotive electric side view mirror market during the 2019-2023, view the full report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ficosa Internacional SA
  • Magna International Inc.
  • Mitsuba Corp.
  • Murakami Corporation
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Passenger cars - Market size and forecast 2018-2023
  • Commercial vehicles - Market size and forecast 2018-2023
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: MARKET TRENDS
  • Development of surround view mirror system
  • Development of autonomous cars
  • Advances in automotive camera technology
  • Growing popularity of integrated memory system that store seat and side mirror preference
PART 11: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 12: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Ficosa Internacional SA
  • Magna International Inc.
  • Mitsuba Corp.
  • Motherson Sumi Systems Limited
  • Murakami Corporation
PART 13: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Global automotive components market
Exhibit 02: Segments of global automotive components market
Exhibit 03: Market segments
Exhibit 04: Market definition - Inclusions and exclusions checklist
Exhibit 05: Market size 2018
Exhibit 06: Global market: Size and forecast 2018-2023 ($ billions)
Exhibit 07: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 08: Five forces analysis 2018
Exhibit 09: Five forces analysis 2023
Exhibit 10: Bargaining power of buyers
Exhibit 11: Bargaining power of suppliers
Exhibit 12: Threat of new entrants
Exhibit 13: Threat of substitutes
Exhibit 14: Threat of rivalry
Exhibit 15: Market condition - Five forces 2018
Exhibit 16: Application - Market share 2018-2023 (%)
Exhibit 17: Comparison by application
Exhibit 18: Passenger cars - Market size and forecast 2018-2023 ($ billions)
Exhibit 19: Passenger cars - Year-over-year growth 2019-2023 (%)
Exhibit 20: Commercial vehicles - Market size and forecast 2018-2023 ($ billions)
Exhibit 21: Commercial vehicles - Year-over-year growth 2019-2023 (%)
Exhibit 22: Market opportunity by application
Exhibit 23: Customer landscape
Exhibit 24: Market share by geography 2018-2023 (%)
Exhibit 25: Geographic comparison
Exhibit 26: APAC - Market size and forecast 2018-2023 ($ billions)
Exhibit 27: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 28: Europe - Market size and forecast 2018-2023 ($ billions)
Exhibit 29: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 30: North America - Market size and forecast 2018-2023 ($ billions)
Exhibit 31: North America - Year-over-year growth 2019-2023 (%)
Exhibit 32: South America - Market size and forecast 2018-2023 ($ billions)
Exhibit 33: South America - Year-over-year growth 2019-2023 (%)
Exhibit 34: MEA - Market size and forecast 2018-2023 ($ billions)
Exhibit 35: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 36: Key leading countries
Exhibit 37: Market opportunity
Exhibit 38: Impact of drivers and challenges
Exhibit 39: Vendor landscape
Exhibit 40: Landscape disruption
Exhibit 41: Vendors covered
Exhibit 42: Vendor classification
Exhibit 43: Market positioning of vendors
Exhibit 44: Ficosa Internacional SA - Vendor overview
Exhibit 45: Ficosa Internacional SA - Product segments
Exhibit 46: Ficosa Internacional SA - Organizational developments
Exhibit 47: Ficosa Internacional SA - Geographic focus
Exhibit 48: Ficosa Internacional SA - Key offerings
Exhibit 49: Magna International Inc. - Vendor overview
Exhibit 50: Magna International Inc. - Product segments
Exhibit 51: Magna International Inc. - Organizational developments
Exhibit 52: Magna International Inc. - Geographic focus
Exhibit 53: Magna International Inc. - Key offerings
Exhibit 54: Mitsuba Corp. - Vendor overview
Exhibit 55: Mitsuba Corp. - Business segments
Exhibit 56: Mitsuba Corp. - Organizational developments
Exhibit 57: Mitsuba Corp. - Geographic focus
Exhibit 58: Mitsuba Corp. - Segment focus
Exhibit 59: Mitsuba Corp. - Key offerings
Exhibit 60: Motherson Sumi Systems Limited - Vendor overview
Exhibit 61: Motherson Sumi Systems Limited - Business segments
Exhibit 62: Motherson Sumi Systems Limited - Organizational developments
Exhibit 63: Motherson Sumi Systems Limited - Geographic focus
Exhibit 64: Motherson Sumi Systems Limited - Segment focus
Exhibit 65: Motherson Sumi Systems Limited - Key offerings
Exhibit 66: Murakami Corporation - Vendor overview
Exhibit 67: Murakami Corporation - Product segments
Exhibit 68: Murakami Corporation - Organizational developments
Exhibit 69: Murakami Corporation - Key offerings
Exhibit 70: Validation techniques employed for market sizing
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ficosa Internacional SA
  • Magna International Inc.
  • Mitsuba Corp.
  • Murakami Corporation
  • MORE
Global Automotive Electric Side View Mirror Market 2019-2023

The analyst recognizes the following companies as the key players in the global automotive electric side view mirror market: Ficosa Internacional SA, Magna International Inc., Mitsuba Corp., Motherson Sumi Systems Limited, Murakami Corporation.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the development of surround view mirror system.”

According to the report, one of the major drivers for this market is the technological advances in automotive mirror systems.

Further, the report states that one of the major factors hindering the growth of this market is the reduction in fuel economy due to aerodynamic resistance caused by side view mirrors.

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.
Note: Product cover images may vary from those shown
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  • Ficosa Internacional SA
  • Magna International Inc.
  • Mitsuba Corp.
  • Motherson Sumi Systems Limited
  • Murakami Corporation
Note: Product cover images may vary from those shown
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