Automotive Power Mirror: Introduction The automotive power mirror, which is an electrically powered side-view mirror, is mounted on the exterior of the vehicle to provide view of the vehicle surroundings. The automotive power mirror can be adjusted by the driver from inside the vehicle cabin. The automotive heated power mirror provides clear views during fogging and raining season. Key Drivers of Automotive Power Mirror Market
Rise in vehicle production integrated with safety features across the globe is likely to propel the automotive power mirror market. Rise in demand for advanced features in vehicles, including auto dimming and blind spot detection system, is likely to propel the automotive power mirror market across the globe. Increase in demand for luxury or premium vehicles across the globe where power mirrors are commonly used is also anticipated to boost the automotive power mirror market across the globe. The COVID-19 pandemic across the globe is prompting consumers to buy a new vehicle, which is likely to increase the sale of vehicles across the globe. This, in turn, is likely to increase the demand for power mirror among vehicle manufacturers.
Rise in vehicle electrification across the globe is likely to boost the automotive power mirror market across the globe. Growing technological advancements in vehicles, including heated windshield, is likely to propel the automotive power mirror market across the globe. Rise in number of small- and medium-scale industries, which are prompting expansion of manufacturing, is anticipated to boost the automotive power mirror market across the globe.
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Europe is projected to account for a significant share of the global automotive power mirror market due to a rise in the demand for vehicles across the region. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers who have major facilities that undertake research & development regarding power mirror, which is likely to propel the automotive power mirror market across the globe.
Followed by Europe, Asia Pacific is projected to hold a significant share of the global automotive power mirror market due to an increase in sale of vehicles across the region. Presence of major automotive parts manufacturing industries across China, India, and Japan is anticipated to propel the automotive power mirror market in Asia Pacific.
Key Players Operating in Automotive Power Mirror Market The automotive power mirror market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the automotive power mirror market are:
Ficosa International SA
Samvardhana Motherson Group
Magna International Inc.
Ichikoh Industries Ltd.