Global Auto-Dimming Mirror Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2029

                                          
Global Auto-Dimming Mirror Market 2021: By Application (Inside rear-view mirror, Outside rear-view mirror), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Fuel Type (ICE, Hybrid, Electric)

The Global Auto-Dimming Mirror market size was valued at USD $1.92 Billion in 2020, USD $2 Billion in 2021, forecasted to reach  USD $2.08 Billion in 2022, and is projected to reach USD $2.84 Billion by 2030, and is anticipated to expand at a CAGR of 3.95% over the forecast period from 2020 to 2030.

Global Auto-Dimming Mirror Market is the title of an upcoming market research report at Trusted Business Insights. The market has been studied comprehensively to present vital data and information, including the revenue shares of each segment, region, and country, revenue growth driving factors, and restraints. In addition, potential revenue opportunities in untapped regions and economies are also included. Key players and their details are presented in the company profile section of the report. This section comprises revenue details and financial information, recent developments, strategies, acquisitions & mergers, as well as geographic reach and footprint. 

Overview

An auto-dimming mirror helps to improve the visibility of a driver by eliminating and controlling glares caused by headlights of a tailing vehicle. This is done with the help of sensors installed in the mirrors that detect light coming from the headlights of trailing vehicles and eradicates the glare by darkening the mirror through a process called electrochromic. These types of mirrors comprise various advanced sensors and electrochromic material, which absorbs and reflects light that travels through it in the form of an electric voltage.

Dynamics

The growth of the global auto-dimming mirror market is attributed to the increasing incorporation of auto-dimming mirrors in vehicles in recent years. The auto-dimming mirror in a car helps to ensure safety, especially of the driver while driving in areas where there is low or no light. The availability of these products at low prices and in a wide variety of models are among some of the key factors fueling the growth of the global auto-dimming mirror market.

In addition, government organizations in the US have issued orders to install auto-dimming mirrors in vehicles to prevent the risk of accidents at night. Many car manufacturers in India have started to install auto-dimming mirrors during production processes as a measure to ensure the safety of drivers. The growing need for safer and broader visibility as well as the easy and low installation costs are some of the factors that are driving revenue growth of the auto-dimming mirrors market. The increasing demand for auto-dimming mirrors with advanced features in addition to an ever-expanding automotive industry are factors that are expected to further the growth of the auto-dimming mirror market in the coming years. Furthermore, the introduction of road safety policies has urged automobile companies to mandate the adoption of auto-dimming mirrors in cars.

Cloud-based auto-dimming mirrors are an upcoming trend that is expected to provide growth opportunities in the foreseeable future for market growth.
Restraints: The high replacement costs of auto-dimming mirrors when compared to conventional mirrors is a factor that is expected to restrain this markets growth.

Regional Analysis:

The Asia Pacific is expected to account for the majority revenue share over the foreseeable future. This is attributed to the increasing production and sales of vehicles in the region in recent years. The market in China will be a major revenue contributor in the region. China has a large manufacturing base for affordable vehicles equipped with the latest technologies. India and South Korea are also other major revenue contributors as these countries possess lucrative automotive industries. However, the market in India is expected to witness slower growth in the years to come.
The market in North America is projected to account for significant growth over the next 10 years. The US market is a major revenue source in the region due to the increase in vehicle manufacturing and the increasing installation of advanced features in the vehicles.

Below are the leading companies profiled in this Auto-Dimming Mirror Market Report:

  
Ficosa International (Japan)
  
Flabeg Automotive Holding GmbH
  
FLABEG Holding GmbH (England)
  
Gentex Corporation (U.S.)
  
Honda Lock Manufacturing Co.Ltd. (U.S.)
  
Konview Electronics Corp. Ltd.
  
Magna International Inc. (U.S)
  
Metagal Industria E Comercio Ltda. (U.S.)
  
Murakami Kaimeido (Germany)
  
Samvardhana Motherson Group (U.S.),
  
Shenzhen Germid Co., Ltd.
  
Tokai Rika Co.Ltd. (U.S.)

The market in Europe is also expected to register a high growth rate over the next ten years as countries like the UK, Italy and Germany have flourishing automotive industries.

Global Auto-Dimming Mirror Market Segmentation:

By Application

  
Inside rear-view mirror
  
Outside rear-view mirror

By Vehicle Type

  
Passenger Vehicle
  
Commercial Vehicle

By Fuel Type

  
ICE
  
Hybrid
  
Electric
This research comprehensively answers the following 9 important questions:

  
Q.1. What are some of the most promising growth trends in the Auto-Dimming Mirror market worldwide?
  
Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
  
Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
  
Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Auto-Dimming Mirror market?
  
Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Auto-Dimming Mirror market?
  
Q.6.What are the emerging trends post COVID-19 reshuffle in this Auto-Dimming Mirror market and the what are reasons behind these trends and do they translate in global exploration?
  
Q.7. Who are the major global and regional players in the Auto-Dimming Mirror market? Which are the strategic initiatives key players are pursuing for business growth?
  
Q.8.Which are the competing products in Auto-Dimming Mirror market and how big of a threat do they pose for loss of market share by material or product substitution?
  
Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Auto-Dimming Mirror industry?