The automotive mirrors are one of the essential visual aid for safety driving. Some of the automotive mirrors are manual, and some are electronic.
New York, NY -- (SBWIRE) -- 01/03/2018 -- The automotive mirrors are one of the essential visual aid for safety driving. Some of the automotive mirrors are manual, and some are electronic. The size of this mirrors may vary depending upon the type of the vehicle. There are several types of mirrors such as interior driver's, side, front view and rear view mirrors used in a car. Some cars use rear view camera which plays the role of rear view mirror. The rear view camera is equipped with sensors to give an alarm, which can distinguish between various objects.
The growth of automotive mirror market is dependent on the rise in the auto sector. The global auto industry is growing rapidly which is driving the demand for an automotive mirror. The request of automotive mirrors from OEM is directly proportional to the production of various types of vehicles. The increasing population, urbanization, disposable income, economic growth, growing industrial activity and commercial business is resulting in the increased production of passenger cars and a wide range of commercial vehicles.
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The economic conditions across the globe have revived and handiness various financing companies provides financial assistance to the customers who have considerably increased the sales of automobiles. Such factors are driving the growth of an auto industry which in turn expected to drive the automotive mirror market over the forecast period. A lot of improvements have been made by the manufacturers in this market in the recent past. Rear view camera equipped with sensors mounted on the rear bumper is becoming a trend in several countries, which allows better visibility and safety to the driver.
The increasing content in the electronic technology in an automobile is also expected to drive the growth of automotive mirror market over the forecast period. The use of hybrid full display mirror systems and development of cross path detection systems and blind spots monitoring systems are some of the significant trends which are expected to impact the dynamics of the global automotive mirror market over the forecast period.
On the basis end users, the global automotive mirror market can be segmented into OEM and aftermarket. The OEM segment is expected to dominate the auto mirror market over the forecast period due to increase in automobile production and changes in government policies.
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