Rear-View Mirror Market for Automotive Booming by Top players Magna International, Samvardhana Motherson Reflectec and Ficosa International S.A.
The Rear-ViewMirror Market For Automotive is projected to grow at a CAGR of 5.39% from 2017 to 2022, to reach a market size of USD 12.97 billion by 2022. Factors such as increasing awareness about passenger and vehicle safety and trend of integrating additional features are expected to drive the demand for smart rear-view mirrors during the forecast period. According to Federal Motor Vehicle Safety Standards (U.S), all cars are required to have side and rear-view mirrors. The Alliance of Automobile Manufacturers has filed a petition to update these standards and allow them to replace side mirrors with cameras. If the National Highway Traffic Safety Administration (NHTSA) allows the replacement of side mirrors with the camera , it will change the landscape of the automotive mirror industry in the U.S. Changes in the European regulation allow mirrorless cars for road testing purpose. Likewise, Japanese regulators have approved the use of camera technology to re...