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Global Automotive Power Folding Mirror Systems Market 2017-2021

  • Published: Dec 2017
  • Pages: 66
  • SKU: IRTNTR15060
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This industry research report identifies Ficosa International, Gentex, Magna International, MURAKAMI, and Samvardhana Motherson as the key vendors in the global automotive power folding mirror systems market. A comprehensive analysis of this market is also presented by vehicle type (passenger cars and pickup trucks) and by geography (the Americas, APAC, and EMEA).

Overview of the global automotive power folding mirror systems market

According to Technavio's research analysis, the increased focus on enhanced safety features will be one of the major factors that will have a positive impact on the global automotive power folding mirror systems market during the forecast period. The rising government regulations on safety features such as in the US, NHTSA has made it compulsory to fit all the vehicles with rear-view cameras by 2018. The market has also witnessed a rise in the awareness levels among consumers to get vehicles with improved safety features. This move has resulted in even higher variants of the mass-selling cars being equipped with smart side view mirrors. For instance, in the US, the best-selling cars such as Toyota Camry and Toyota Corolla are being fitted with auto-dimming mirrors with power folding mirror systems. This will lead to the growth of this global market, which according to our analysts, will register a revenue of more than USD 5 billion by 2021.

The rising popularity of smart rearview mirrors with power folding feature is one of the key trends that will contribute to the market growth. Mirrors are constantly improved and presently equipped with features such as temperature readings, travel calculations, and displaying weather conditions. For instance, Nissan has introduced a smart rear-view mirror with power folding feature that offers better rear visibility. This smart mirror also enables switching between the conventional rear-view mirror and an LCD monitor. This will lead to the growth of the smart rearview mirrors market in the forthcoming years.

Competitive landscape and key vendors  

The automotive power folding mirror systems market consists of few well-established vendors and several regional players. The key vendors in the market are presently expanding their customer base and are raising their investments in R&D activities to cater to the rising demand for advanced mirror systems at lesser costs. The competitive environment in the market will increase with the advancements in technology and government regulations.

The leading vendors in the market are ?

  • Ficosa International
  • Gentex
  • Magna International
  • MURAKAMI
  • Samvardhana Motherson

The other prominent vendors in the market are FLABEG AUTOMOTIVE HOLDING, Milenco, Mirror Controls international, and Sakae Riken Kogyo.

Segmentation by vehicle type and analysis of the automotive power folding mirror systems market

  • Passenger cars
  • Pickup trucks

During 2016, the passenger vehicle segment accounted for the major shares of the automotive power folding mirror systems market. Factors such as the increasing replacement of conventional ORVMs by smart ORVMs in the passenger cars will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the automotive power folding mirror systems market

  • Americas
  • APAC
  • EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive power folding mirror systems market throughout the forecast period. The increasing growth of the passenger cars and rising household incomes will drive the market growth in the region.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global automotive power folding mirror systems?
  • What are the key market trends impacting the growth of the global automotive power folding mirror systems?
  • What are the challenges to market growth?
  • Who are the key vendors in the global automotive power folding mirror systems?
  • What are the market opportunities and threats faced by the vendors in the global automotive power folding mirror systems?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global automotive power folding mirror systems?

Technavio also offers customization on reports based on specific client requirement.

Global Automotive Power Folding Mirror Systems Market SizeTechnavio presents business intelligence information like market size, growth potential, key market players, competitive landscape, and market size from the automotive industry. The upcoming research report on the global automotive power folding mirror systems market covers vendors like SMR, K Source, Sakae Riken Kogyo, Samvardhana Motherson, Murakami Corp., TI, Mirror Control, Magna, and Eaton who operate in the automotive electronics sector.

To get a comprehensive overview of the market, Technavio uses extensive primary and secondary research comprising of the study of factors such as technological advancements, market size, emerging markets, and growth potential. Using tools such as market size and market growth assessment and vendor assessment across different geographical regions such as Americas, EMEA, and APAC, the upcoming report on the global automotive power folding mirror systems market will help clients in managing the resources across different geographical regions efficiently.

The upcoming report on the global automotive power folding mirror systems market also considers the growth of related markets such as the automotive rear cross traffic alert system (RCTAS) market and automotive heated steering wheel market which are expected to grow at the rate of 10% and 7%, respectively, for the forecast period of 2017 to 2021. Since this feature assists the car to fit into tight space easily or parking space, the demand for power folding mirror from the consumer segment is expected to grow.

The upcoming industry research report on the global automotive power folding mirror systems market also accurately maps the global and regional market size, technological advancements, major vendors, as well as the constraints that the automotive electronics sector currently experiences. The report also covers insights and information from the related sectors such as automotive manufacturing, wheels and tires, and auto accessories.

Our market research methodology for the global automotive power folding mirror systems market

Global Automotive Power Folding Mirror Systems Market Market segmentation by region

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline
  • Power folding mirror systems market: An overview
  • Parent market: Global automotive mirror market
  • Value chain analysis

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by vehicle type

  • Global automotive power folding mirror systems market by vehicle type
  • Global automotive power folding mirror systems market by passenger cars
  • Global automotive power folding mirror systems market by pickup trucks

PART 07: Geographical segmentation

  • Global automotive power folding mirror systems market by geography
  • Automotive power folding mirror systems market in APAC
  • Automotive power folding mirror systems market in EMEA
  • Automotive power folding mirror systems market in Americas

PART 08: Decision framework

PART 09: Drivers and challenges

  • Market drivers
  • Market challenges

PART 10: Market trends

  • Increase in popularity of smart rear-view mirrors with power folding feature
  • Introduction of auto-dimming mirrors with power folding feature
  • Integration of camera, radar, and LED technologies into the power folding mirror systems

PART 11: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 12: Key vendor analysis

  • Ficosa International
  • Gentex
  • Magna International
  • MURAKAMI
  • Samvardhana Motherson

PART 13: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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