According to the latest report by IMARC Group, titled, “Auto Dimming Mirror Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global auto dimming mirror market reached a value of US$ 1.74 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.21 Billion by 2027, exhibiting a CAGR of 4% during 2022-2027.
An auto-dimming mirror is a unique rear-view mirror that can automatically dim and clear according to the ambient and incident light levels. It comprises a mirror element and an electronic system that can detect light from the front as well as behind through photo sensors. It comprises a layer of electrolytes on the surface, which is like the liquid crystal display (LCD) of mobile phones. It relies on electric power and complex wire connections for proper functioning and displaying various other information, such as time, temperature, and direction of travel on the mirror surface. It also offers various secondary features, such as a microphone, safety camera, and compass, to increase driver and passenger safety.
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Auto Dimming Mirror Market Trends and Drivers:
At present, the increasing demand for auto-dimming mirrors due to the rising integration of advanced features in vehicles represents one of the primary factors influencing the market positively. Besides this, the growing utilization of auto-dimming mirrors to prevent road accidents during the night is offering a favorable market outlook. In addition, key market players are manufacturing auto-dimming mirrors with blind spot detection, parking assistance, and Bluetooth connectivity. Moreover, the rising preference of individuals to own luxury and semi-luxury cars with efficient features is bolstering the growth of the market.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Ficosa International SA (Panasonic Corporation)
- FLABEG AUTOMOTIVE GLASS GROUP GMBH
- Gentex Corporation
- Honda Lock Mfg. Co. Ltd. (Honda Motor Company Ltd)
- Konview Electronics Corporation Limited
- Magna International Inc.
- Murakami Corporation
- SAMVARDHANA MOTHERSON GROUP
- Shenzhen Germid Co. Ltd.
- TOKAIRIKA CO LTD.
Auto Dimming Mirror Market 2022-2027 Competitive Analysis and Segmentation:
Our report has categorized the market based on application, vehicle type and fuel type.
Breakup by Application:
- Inside Rear-View Mirror
- Outside Rear-View Mirror
Breakup by Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
Breakup by Fuel Type:
- ICE
- Hybrid
- Electric
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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