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Auto Dimming Mirror Market

Published Date : Jun 2024 | Forecast Year : 2019

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Auto Dimming Mirror Market Size, By Vehicle Type (Passenger, Commercial) By Fuel Type (Internal Combustion Engine, Hybrid, Electric), By Application (Inside Rear-View Mirror, Outside Rear-View Mirror) Trends Regional Outlook, and Forecast 2024-2032

Report ID: AG807

Published : Jun 2024

Pages : 124

Format : Auto Dimming Mirror Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 3.48 Billion
MARKET SIZE (2024)USD 2.35 Billion
CAGR (2023-2029) 5.5 %
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEPassenger
Commercial
BY APPLICATIONInside Rear-View Mirror
Outside Rear-View Mirror
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSGentex Corporation, Samvardhana Motherson Group, Magna International Inc., Ficosa, Murakami Corporation, Valeo, Bosch, Lear Corporation, Yanfeng Automotive Interiors, Saint-Gobain Sekurit, Carclo Electronics, Mitsubishi Electric Corporation, Panasonic Corporation, IAC Group, HW Automotive, CITEC, Guardian Automotive, Vishay Intertechnology .

The Global Auto Dimming Mirror Market size was valued at USD 2.35 Billion in 2023 and it is expected to reach at USD 3.48 Billion by 2032, exhibiting at a CAGR of 5.5 % during the forecast period. This report provides a deep insight into the Auto Dimming Mirror Market covering all its essential aspects. This ranges from a macro-overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. 

Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Auto Dimming Mirror Market

Size, by Product, - (USD Billion)

Passenger

Commercial

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

5.5 %

The Forecast Market

Size for in USD:

$ 3.48 Billion B

b0d51e3055fd6f23ff6a384a6e091406.svg

Auto Dimming Mirror Market Segments

By Vehicle Type: Passenger, Commercial 

By Fuel Type: Internal Combustion Engine, Hybrid, Electric 

By Application: Inside Rear-View Mirror, Outside Rear-View Mirror 

Market Key Players

Gentex Corporation, Samvardhana Motherson Group, Magna International Inc., Ficosa, Murakami Corporation, Valeo, Bosch, Lear Corporation, Yanfeng Automotive Interiors, Saint-Gobain Sekurit, Carclo Electronics, Mitsubishi Electric Corporation, Panasonic Corporation, IAC Group, HW Automotive, CITEC, Guardian Automotive, Vishay Intertechnology 

Regional Analysis

  • North America: Large economies like the United States and Canada are covered in this region.
  • Europe: The European market includes countries such as Germany, UK, France, Italy, Russia, and others.
  • Asia-Pacific: This region includes major economies like China, Japan, India, South Korea, Australia, and others.
  • Latin America: Countries like Brazil, Argentina, Mexico and others are part of this region.
  • Middle East and Africa: This region comprises economies from North Africa, GCC countries, South Africa and others.
  • Eastern Europe: This region includes countries such as Poland, Russia, Ukraine and others.

These geographic markets are analysed in terms of the current scenario, growth outlook, and potential opportunities. The research is conducted by considering various aspects such as economic conditions, government policies, industrial development, competitive landscape, and consumer behaviour in these regions.

Auto Dimming Mirror Market

Share, by end user, (USD Billion)

Analytica Global 2.35 Billion %

Inside Rear-View Mirror

Outside Rear-View Mirror

Other End-Users

b0d51e3055fd6f23ff6a384a6e091406.svg

3.48 Billion

Total Market Size

USD (Billion),

5.5 %

CAGR

-

Market Overview:

  • The trend towards electrification and hybridisation of vehicles has gained momentum. As automakers invest in the development of electric and hybrid models, advanced safety features will become an integral part. 
  • As a safety-enhancing feature, auto-dimming mirrors have become commonplace in these eco-friendly vehicle segments. The automotive industry is moving towards autonomous and semi-autonomous driving options. 
  • In addition, mirrors that meet these specific safety criteria can be included in safety certification programs. Certification by recognized safety organizations and programs increases the reliability of mirrors, influences consumer confidence and ensures safety. Criteria for global new car evaluation programs often include evaluation of advanced safety features. 
  • Auto dimming mirrors that meet or exceed these criteria are becoming critical for automakers seeking high safety levels and ratings. Therefore, the market is expected to grow significantly due to the focus on safety classification and standards. 

Key Opportunities for Auto Dimming Mirror Market:

  • A windshield wiper brush is a special tool that uses an oscillating or side-to-side motion to clean and scrub the windshield. Hydraulic pressure applied through cables connected to the bodywork and the vehicle's brake system with one or more blades (often with small springs) forms the wiper, which is usually rubber. 
  • The handle is powered by a motor, often an electric motor, but some vehicles also use pneumatic power. By swinging back and forth across the glass, the blade pushes water, rain or other obstacles away from the surface of the glass.
  • Different blades have different properties, The windshield of the car is cleaned with a boneless windshield wiper. In wet or dry weather and poor visibility, such as foggy morning work, it has a rubber strip edge that wipes water from the glass and gives a clear view of the glass. 
  • A hybrid cleaner usually has advantages over boneless or boneless because of its design, which combines the best features of both. The fact that they can be installed without removing the windshield is one of their main advantages, as it saves time and money. 

    Auto Dimming Mirror Market

    Size, by Product, - (USD Billion)

    APAC $ 24

    The Market will Grow

    At the CAGR of:

    5.5 %

    The Forecast Market

    Size for in USD:

    $ 3.48 Billion B

    b0d51e3055fd6f23ff6a384a6e091406.svg

Market Key Development:

  • In 2023, Integration with Advanced Driver Assistance Systems (ADAS): Automatic dimming mirrors are increasingly integrated with ADAS functions such as lane departure warning and adaptive cruise control.
  • Technical Advances: Continued focus on improving sensor accuracy and response times for increased safety and comfort.
  • Market Expansion: Growth in demand due to increasing safety requirements of vehicles worldwide and consumer preferences for advanced automotive technologies.
  • In 2022, Growth of electric and autonomous vehicles: Proliferation of autonomous mirrors in electric and autonomous vehicles driving market growth.
  • Improved connectivity: integration with vehicle telematics systems for real-time data sharing and improved functionality.
  • Aftermarket Growth: Expansion of the aftermarket segment due to increasing awareness and availability of retrofit kits for older vehicles.
  • In 2021, post-pandemic recovery: market recovery and stabilization following the disruption caused by the COVID-19 pandemic, with a renewed focus on vehicle safety features.
  • Innovations in glass technology: introduction of electrochromic glass technology for dynamic tint and reduced glare.
  • Consumers prefer convenience and safety: the demand for auto-dimming mirrors as standard equipment in new vehicles is increasing.

Market Drivers:

  • Increasing vehicle safety standards and ratings around the world require advanced safety technologies, including automatic dimming mirrors, in new vehicles to achieve higher safety levels.
  • Consumers prefer vehicles equipped with advanced driver assistance systems (ADAS) that improve driving comfort and safety, including auto-dimming mirrors, which is driving the market growth.
  • The proliferation of autonomous mirrors in autonomous vehicles (AV) and electric vehicles (EV) due to their compatibility with advanced vehicle technologies and the need for effective anti-glare solutions.
  • Continued innovations in sensor technology and electrochromic glass materials used in auto-dimming mirrors improve performance, reliability and energy efficiency, expanding their use in all vehicles.
  • Increasing availability of retrofit kits and aftermarket products for older vehicles is responding to consumer demand to upgrade vehicle safety features with auto-dimming mirrors.
  • Auto-dimming mirrors improve fuel economy by reducing the need for drivers to manually adjust mirrors, minimizing distractions and optimizing driving conditions.
  • Market Competitiveness and Differentiation:
  • Automakers and suppliers differentiate their vehicles by offering advanced safety features such as auto-dimming mirrors that enhance market competitiveness and branding.

    Auto Dimming Mirror Market TO (USD BN)

    Auto Dimming Mirror Market

    CAGR OF

    5.5 %

    Auto Dimming Mirror Market

    b0d51e3055fd6f23ff6a384a6e091406.svg
    Analytica Global 3.48 Billion %

Restraints Factors:

  • Auto-dimming mirrors tend to be more expensive than conventional mirrors, which can discourage price-sensitive consumers and limit market entry, especially in cost-sensitive vehicles.
  • Equipping existing vehicles with auto-dimming mirrors can be difficult and expensive due to the integration of electronic components and wiring, making aftermarket solutions less attractive.
  • Consumers' lack of awareness of the benefits and functionality of auto-dimming mirrors can slow adoption, especially in areas where these technologies are less common.
  • Reliability issues related to sensor malfunction, glass fog, or improper adjustment in different lighting conditions can affect consumer confidence and satisfaction with auto-dimming mirrors.
  • Compatibility issues between aftermarket auto-dimming mirrors and older vehicles, as well as variability in vehicle design and electrical systems, can hinder aftermarket sales. 

Frequently Asked Questions (FAQs)

How big is the Auto Dimming Mirror Market?

Ans: The Auto Dimming Mirror Market size valued at USD 3.48 billion in and grow at a CAGR of 5.5% 

What is the current Auto Dimming Mirror Market size?

ANS: The Automotive Fuel Injector current market size is expected to be USD 2.35 billion.

Who are the key players in Auto Dimming Mirror Market?

Ans: Gentex Corporation, Samvardhana Motherson Group, Magna International Inc., Ficosa, Murakami Corporation, Valeo, Bosch, Lear Corporation, Yanfeng Automotive Interiors, Saint-Gobain Sekurit, Carclo Electronics 

Which is the fastest growing region in Auto Dimming Mirror Market?

Ans: Asia-Pacific is estimated to grow at the highest CAGR over the forecast.

 

Auto Dimming Mirror Market - Global Outlook & Forecast 2024-2029

Analytica Global
Analytica Global
Analytica Global
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Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global

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