Auto Dimming Mirror Market Growth, Size, Trends, Demand, Revenue, Share and Future Outlook
Auto Dimming Mirror Market Size- By Vehicle Type, By Fuel Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: AMIN2460 | Pages: 1 - 228 | Formats*: |
| Category : Automotive & Transportation | |||
Auto Dimming Mirror Market Introduction and Overview
According to SPER Market Research, the Global Auto Dimming Mirror Market is estimated to reach USD 3.07 billion by 2033 with a CAGR of 5.31%.
The report includes an in-depth analysis of the Global Auto Dimming Mirror Market, including market size and trends, product mix, applications, and supplier analysis. An Auto Dimming mirror reduces or eliminates any glare produced by a following vehicle's headlights, giving drivers better sight for safer driving. These mirrors have sensors that pick up light from following cars' headlights. They then use an electrochromism method to darken the mirror, eliminating glare. These mirrors are made up of a variety of cutting-edge sensors and electrochromic material, which changes how light is absorbed and reflected when an electric voltage is applied to it. In low light or at night, these sensors look for a brighter source of light. They employ a low voltage power supply that is contained inside the mirror to create an electric charge when they notice a change in the light's intensity. The electrochromic substance then conducts this electric charge, which regulates the interior and exterior mirrors' dimming. Auto Dimming Mirror mirrors are an essential component of a car as they significantly improve driver and passenger safety.
- April 2023: Ficosa, a top international business that specializes in developing, producing, and marketing cutting-edge vision, safety, and efficiency solutions for the automobile industry, expects to sell more than 7 million cameras by the year 2023. In-car and out-of-car cameras are part of Ficosa's vision portfolio, which powers mobility solutions that increase comfort and safety.
- January of 2023: Future mobility is still being built by Ficosa, a significant international company that specializes in the research, development, manufacturing, and marketing of cutting-edge vision, safety, and efficiency solutions for the automotive industry. The business used a number of innovative initiatives it is working on for luxury automakers (OEMs) to announce its debut into the in-cabin monitoring (ICM) market.
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Market Opportunities and Challenges
Manufacturing of Auto Dimming Mirrors Using the Cloud
- It is projected that auto-dimming mirrors will see a substantial increase in the integration of cloud-based functions and the Internet of Things (IoT), which will lead to lucrative prospects worldwide. Garage doors, Bluetooth and hands-free communication, blind spot detection, GPS systems, wireless gate controls, temperature and tire pressure monitors, garage doors, home lighting, and other home automation features are some of these characteristics.
Expensive in Comparison to Traditional Mirrors
- When additional features like blind spot detection, lightning assistance, parking assistance, and Homelink are added to an auto-dimming mirror, the cost of the device increases because more sensors and display systems are needed to enable these features. Installing a linked auto-dimming mirror yourself is challenging since it involves intricate technological system connecting. Compared to auto-dimming mirrors, conventional mirrors are comparatively less expensive and simpler to install. Similar to the previous point, it is anticipated that the market would suffer from OEMs' increased use of camera- and display-based technologies.
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Market Competitive Landscape
OEMs and aftermarket companies make up the fragmented global dimming mirror market. The market has become more competitive as luxury automobile sales have increased. Among the leading companies in the market are Ficosa, Flabeg, Gentex Corporation, Honda Lock, Konview, Magna, Murakami Corporation, Samvardhana Motherson Group, Shenzhen Germid Co Ltd, Tokairika Co Ltd and others. To attain success in the worldwide dimming mirror market, the leading competitors in the industry are known to employ a variety of market tactics, including as product releases, acquisitions, and partnerships.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Vehicle Type, By Fuel Type, By Application |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Ficosa, Flabeg, Gentex Corporation, Honda Lock, Konview,Magna, Murakami Corporation, Samvardhana Motherson Group, Shenzhen Germid Co Ltd, Tokairika Co Ltd and others. |
COVID-19 Impact on Global Auto Dimming Mirror Market
The worldwide automobile sector was severely and immediately impacted by the coronavirus outbreak. A halt to the export of Chinese parts, widespread production stoppages throughout Europe, and the closure of American assembly factories are some of the symptoms. It has a detrimental effect on the worldwide auto-dimming mirror business and puts extreme strain on a sector already dealing with a decline in demand. Additionally, industry participants are facing a logistical nightmare as a result of supply chain delays and shipping constraints, which has resulted in a serious global scarcity of automotive products.
Key Target Audience
- Automobile Manufacturers
- Aftermarket Retailers and Distributors
- Fleet Management Companies
- Luxury Car Owners and Enthusiasts
- Safety-Conscious Customers
- Drivers in Regions With Harsh Weather Condition
- Commercial Vehicle Owners
- Insurance Companies
Our in-depth analysis of the Auto Dimming Mirror Market includes the following segments:
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Key Topics Covered in the Report
- Global Auto Dimming Mirror Market Size (FY’2024-FY’2033)
- Overview of Global Auto Dimming Mirror Market
- Segmentation of Global Auto Dimming Mirror Market By Vehicle Type (Passenger Vehicle, Commercial Vehicle)
- Segmentation of Global Auto Dimming Mirror Market By Fuel Type (ICE, Hybrid, Electric)
- Segmentation of Global Auto Dimming Mirror Market By Application (Inside Rare-View Mirror, Outside Rare-View Mirror)
- Statistical Snap of Global Auto Dimming Mirror Market
- Expansion Analysis of Global Auto Dimming Mirror Market
- Problems and Obstacles in Global Auto Dimming Mirror Market
- Competitive Landscape in the Global Auto Dimming Mirror Market
- Impact of COVID-19 and Demonetization on Global Auto Dimming Mirror Market
- Details on Current Investment in Global Auto Dimming Mirror Market
- Competitive Analysis of Global Auto Dimming Mirror Market
- Prominent Players in the Global Auto Dimming Mirror Market
- SWOT Analysis of Global Auto Dimming Mirror Market
- Global Auto Dimming Mirror Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Auto Dimming Mirror Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Auto Dimming Mirror Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Auto Dimming Mirror Market
7. Global Auto Dimming Mirror Market, By Vehicle Type (USD Million)
7.1. Global Auto Dimming Mirror Market Value Share and Forecast, By Vehicle Type, 2024-20337.2. Passenger Vehicle7.3. Commercial Vehicle
8. Global Auto Dimming Mirror Market, By Application (USD Million
8.1. Global Auto Dimming Mirror Market Value Share and Forecast, By Application, 2024-20338.2. Inside Rear-View Mirror8.3. Outside Rear- View Mirror
9. Global Auto Dimming Mirror Market, By Fuel Type (USD Million)
9.1. Global Auto Dimming Mirror Market Value Share and Forecast, By Fuel Type, 2024-20339.2. ICE9.3. Hybrid9.4. Electric
10. Global Auto Dimming Mirror Market Forecast, 2020-2033 (USD Million)
10.1. Global Auto Dimming Mirror Market Size and Market Share
11. Global Auto Dimming Mirror Market, By Vehicle Type 2020-2033 (USD Million)
11.1. Global Auto Dimming Mirror Market Size and Market Share By Vehicle Type (2020-2026)11.2. Global Auto Dimming Mirror Market Size and Market Share By Vehicle Type (2027-2033)
12. Global Auto Dimming Mirror Market, By Application 2020-2033 (USD Million)
12.1. Global Auto Dimming Mirror Market Size and Market Share By Application (2020-2026)12.2. Global Auto Dimming Mirror Market Size and Market Share By Application (2027-2033)
13. Global Auto Dimming Mirror Market, By Fuel Type, 2020-2033 (USD Million)
13.1. Global Auto Dimming Mirror Market Size and Market Share By Fuel Type (2020-2026)13.2. Global Auto Dimming Mirror Market Size and Market Share By Fuel Type (2027-2033)
14. Global Auto Dimming Mirror Market, By Region, 2020-2033 (USD Million)
14.1. Global Auto Dimming Mirror Market Size and Market Share By Region (2020-2026)14.2. Global Auto Dimming Mirror Market Size and Market Share By Region (2027-2033)14.3. Asia-Pacific
14.3.1. Australia14.3.2. China14.3.3. India14.3.4. Japan14.3.5. South Korea14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France14.4.2. Germany14.4.3. Italy14.4.4. Spain14.4.5. United Kingdom14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia14.5.2. United Arab Emirates14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada14.6.2. Mexico14.6.3. United States
14.7. Latin America
14.7.1. Argentina14.7.2. Brazil14.7.3. Rest of Latin America
15. Company Profile
15.1. Ficosa
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments15.2. Flabeg.
15.2.1. Company details
15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Gentex Corporation.
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Honda Lock
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. Konview
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Magna
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. Murakami Corporation
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Samvardhana Motherson Group.
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments15.9. Shenzhen Germid Co Ltd
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. Tokairika Co Ltd
15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments
15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Auto Dimming Mirror Market is projected to reach USD 3.07 billion by 2033, growing at a CAGR of 5.31% during the forecast period.
Auto Dimming Mirror Market grew in Market size from 2022. The Market is expected to reach USD 3.07 billion by 2033, at a CAGR of 5.31% during the forecast period.
Auto Dimming Mirror Market CAGR of 5.31% during the forecast period.
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Auto Dimming Mirror Market size is USD 3.07 billion from 2023 to 2033.
Auto Dimming Mirror Market Segment is covered By Vehicle Type, By Fuel Type, By Application.
The North America is anticipated to have the highest Market share in the Auto Dimming Mirror Market.
The key players in the Market include Companies Covered Ficosa, Flabeg, Gentex Corporation, Honda Lock, Konview,Magna, Murakami Corporation, Samvardhana Motherson Group, Shenzhen Germid Co Ltd, Tokairika Co Ltd and others.
An Auto Dimming mirror reduces or eliminates any glare produced by a following vehicle's headlights, giving drivers better sight for safer driving.
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