Global Auto Dimming Mirror Market Report - Cost analysis, Industrial Chain, Sourcing Strategy And Factor Analysis 2025
Passanger safety has taken center stage in industry. one among the prime samples of such traveller safety innovation is that the automobile Dimming Mirror. Projected to grow at a CAGR of 3.20%, the automobile Dimming Mirror Market is expeced to succeed in USD 2.11 billion by 2025. There square measure merchandise like camera and mirror systems which will hamper the expansion of the automobile dimming mirror. However, the rise within the range of traveller cars in addition to increase in adoption of rear read mirrors is anticipated to stay the market steady on its path to growth.
Increasing awareness about passenger and vehicle safety and trend of integrating additional features in the mirror are expected to fuel the demand for auto dimming mirrors
AutoDimmingMirrorMarket is projected to grow at aCAGR of 3.20% during the forecast period, to reach a market size ofUSD 2.11 billion by 2025. The increasing awareness about vehicle and passenger safety is driving the demand for additional features in mirrors such as auto dimming. Whereas, upcoming technological trends in the mirror technology, such as camera and mirror systems, may hamper the growth of the auto dimming mirror market.
Passenger car is the fastest growing vehicle segment of the auto dimming mirror market
The passenger car segment is estimated to dominate the auto dimming mirror market during the forecast period. The increase in the number of passenger cars, combined with the increasing adoption of rear-view mirrors with auto dimming mirror is expected to drive the market for passenger cars segment of the auto dimming mirror market.
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Connected dimming mirror is the largest segment of the auto dimming mirror market
Connected auto dimming mirrors stand for dimming mirrors integrated with various other features to provide safety and convenience to drivers while driving. As people prefer more advanced features in their vehicles, the connected dimming mirror is expected to be the largest segment of the auto dimming mirror market.
Asia Pacific is the fastest growing auto dimming mirror market
The Asia Pacific region is estimated to lead the auto dimming mirror market owing to the increasing vehicle production in countries such as China and India. This increased vehicle production can be attributed to the increase in purchasing power of people due to rapid industrialization in the region. The vehicle production in these countries is projected to grow at a CAGR of 4–5% over the period of the next 5 years.
BREAKDOWN OF PRIMARIES
The study contains insights provided by various industry experts, ranging from equipment suppliers to Tier-1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type: Tier-1–65%, Tier-2–25%, and OEM–10%
- By Designation: C level–30%, D level–30%, Others–40%
- By Region: Europe–44%, Asia-Pacific–35%, North America–11%,
The report provides detailed profiles of the following companies:
- Gentex (US)
- Samvardhana Motherson Reflectec (Germany)
- Magna (Canada)
- Ficosa (Spain)
- Murakami (Japan)
- Ichikoh (Japan)
- Tokai Rika (Japan)
- SL Corporation (Korea)
- Honda Lock (Japan)
- Germid (China)
- Flabeg (Germany)
- Konview electronics (China)
The auto dimming mirror market has been segmented by application (interior & outer), functionality (connected and non-connected), fuel type (BEV ,ICE, and others (hybrids)), vehicle type (passenger cars and light commercial vehicles), region (Asia Pacific, Europe, North America, and RoW). The market has been projected in terms of volume (‘000 units) and value (USD million).
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