The Asia Pacific Safety Mirrors Market would witness market growth of 5.1% CAGR during the forecast period (2022-2028).
The reflective surface of a convex mirror, also known as a curved mirror, bulges toward the light source. Since a convex mirror reflects light outward, it cannot be utilized to concentrate light. Because the focus and center of curvature are fictitious positions inside the mirror and are therefore unreachable, convex mirrors or curved mirrors always produce a virtual image. As a result, convex mirror images cannot be projected onto a screen. The picture is also smaller than the projected object, but it grows larger as it goes closer to the convex mirror.
The passenger-side mirror on a car is one of the most typical places where a convex mirror is used. Because they produce an upright image and have a broader range of view due to their outward curvature, these convex mirrors are utilized in automobiles. These mirrors are typically installed on a wall or ceiling at intersections or abrupt turns in passageways. By doing so, blind zones are removed and people get a clear perspective of their surroundings. Additionally, the convex mirror is utilized to protect drivers on roads, driveways, and alleyways where sight is poor.
The Ministry of Road Transport and Highways has undertaken several projects, including those about road and vehicle engineering as well as educational activities to increase public awareness of the issue of road safety. The Motor Vehicle Amendment Act 2019, which, among other things, calls for a harsh increase in fines for traffic offenses to bring in discipline and a responsible attitude among road users, marked the climax of work in the field of road safety in 2019. According to the government, the nationwide implementation of the MVA 2019 act in its original intent will signal a turning point in the number of fatalities on the nation's roads.
The China market dominated the Asia Pacific Safety Mirrors Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,181.8 Thousands by 2028. The Japan market is estimated to grow a CAGR of 4.5% during (2022 - 2028). Additionally, The India market would experience a CAGR of 5.7% during (2022 - 2028).
Based on Type, the market is segmented into Convex, Flat, and Dome. Based on Application, the market is segmented into Commercial, Residential, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Safety Mirrors Market is Projected to reach USD 75.1 Million by 2028, at a CAGR of 4.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fred Silver & Company, Inc., Lester L. Brossard Company, Clarke’s Safety Mirrors Limited, se-kure controls, Inc., DENIOS, Inc., Frontier Polymers Ltd., Ashtree Vision & Safety, H2 Safety India Private Limited, and Honesty Automation Private Limited.
By Type
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By Country
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