Rear-view Mirror Market Size, Latest Trends, Potential Effect on Upcoming Future Growth By 2025 “The rear-view mirrors market is anticipated to grow at a significant CAGR of 5.7% in the upcoming period as the scope, product types, and its applications are increasing across the globe.”
Rear-view Mirror Market is anticipated to reach USD 15.76 billion by 2025. It is anticipated to grow at a healthy rate in the years to come. The important function of rare-view mirror is to provide the driver a clear vision of all the objects at the side of the vehicle. To confirm safety, manufacturers are concentrating on innovative technologies for the growth of rear-view mirrors. For instance, a newly launched rear view mirror includes a rear camera, where the whole display mirror is changed into a video display that offers a panoramic view of the things behind the car. In addition, the advancement in the technology, concept cars are coming with camera installed instead of mirrors; which will upsurge the demand for rare-view mirror. On the other hand, high cost of cameras as compared to traditional rear-view mirrors will hamper the market in the years to come. The rear-view mirrors market is anticipated to grow at a significant CAGR of 5.7% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Rear-view mirror industry may be explored by feature type, mounting location outlook, product type, type outlook, vertical outlook, and geography. It may be explored by feature type as Blind Spot Detection, AutoDimming, Power Control, Heating Function, Automatic Folding, and Others. The “heating function” dominated the market in 2016 and is anticipated to remain its dominance over the upcoming period. Rear-view mirror industry may be explored by mounting location outlook as Door Mounted, and Body Mounted. The “Door mounted” segment is anticipated to dominate the rare-view mirror market in the forecast period. It is also termed as “Wing Mirrors” and are extensively used in luxury vehicles.
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