displaying the side view of the central screen when turned on. These cameras are connected to
the trailer light for power, and transmits the image wirelessly. This innovative advancement is
expected to augment the ATTM market growth over the next few years.
Truckload trailers are expected to dominated the overall ATTM market share in 2016
Truckload trailers find significant applications in transportation of small and heavy loads across
large distances in an economic manner. Considerable growth in commercial transportation
activities is expected to present solid demands for these vehicles. According to Coherent Market
Insights findings, global road freight transportation market is expected to register growth at
around 2% CAGR. This will help the truck loads segment to continue its dominance over the next
few years. Furthermore, requirement of compliance with the government regulations such as
implementation of towing mirrors by the European Commission and the National Highway
Traffic Safety Administration (NHTSA) will largely contribute to the ATTM market growth.
U.S. is expected to dominate the automotive trailer tow mirror market, owing to highly
developed road infrastructure, increasing adoption of RVs and government mandates for the
deployment of these equipment in the vehicles. Moreover, increasing inclination of consumers
towards camping and other recreational trips, in turn augmenting demand for travel trailers
creates a highly conducive environment for growth of the automotive trailer tow mirror market.
The automotive trailer tow mirror market is highly fragmented, owing to the large number of
players sharing the business space. Moreover, several regional and international players have
established significant presence in the aftermarket, which constitutes substantial share of the
industry. Major offerings of these players include additional integration of cameras and cargo
lamps to attract the consumers. Chief ATTM market participants include K Source, Samvardhana
Motherson, ISP Glendale, Milenco, Power Vision, CARiD.com, and Ford Motor Company.