Mirror Dimming Market 2018 Global Size, Share, Growth Factors, Trends, Competitive Landscape, And Regional Forecast To 2023

Mirror Dimming Market is set to grow at highest compound annual growth rate by forecast period of 2018 to 2023. Mirror Dimming market for automotive has been witnessing steady growth over a period of time. The global automotive mirror dimming market is primarily driven due to increasing awareness about vehicle and passenger safety. The safety of passengers and vehicles, has become the prime concern of vehicle buyers. According to the global status report on road safety 2015, more than 1.2 million road traffic deaths occur each year, globally.

Mirror Dimming Company Market Information:

Gentex Corporation (U.S), Samvardhana Motherson Group (India), Magna International Inc. (Canada), Ficosa International S.A. (Spain), Ichikoh Industries, Ltd. (Japan), Murakami Corporation (Japan), TOKAIRIKA, CO, LTD. (Japan), SL Corporation (South Korea), Honda Lock Mfg. Co., Ltd. (Japan), FLABEG Automotive Holding GmbH (Germany), Global Media Industry Group Co. (China)  and Konview Electronics Corporation Limited. (China).

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Market Scenario:

Global automotive mirror dimming market augments the safety and ease of the driver, as they do not require the driver to adjust the inside rear-view mirror (IRVM) and outside rear-view mirror (ORVM). Automotive mirror dimming can control the movement of the rear-view mirror at flexible speed when the system is switched on. Improvement in the technological advancement, rise in production of vehicles, and increase in demand for luxury features are the key factors that drive the automotive mirror dimming market. Implementation of automotive mirror dimming is driven by the rise in use of advanced electrical features in vehicles. However, their demand has increased due to the rise in the number of road accidents, across the world. The overall cost of vehicles has increased due to the integration of advanced electrical feature, which acts as a restraint to the automotive mirror dimming market. The global automotive mirror dimming market is expected to grow at ~ 4% CAGR during the forecast period.

Connected auto dimming mirrors stand for dimming mirrors integrated with various other features to provide safety and convenience to drivers while driving. Some of the features that come integrated with dimming mirrors are temperature display, Bluetooth and hands-free connectivity, and navigation. Due to the increasing adoption of connected dimming mirrors, the market for auto dimming mirrors is expected to grow at the highest rate during the forecast period.

Global automotive mirror dimming market has been segmented based on fuel types, applications, vehicle types, functionalities and regions. Based on fuel types the market is segmented as battery electric vehicle (BEV), internal combustion engine (ICE) and hybrid vehicle. Battery electric vehicle is expected to grow at the highest rate due to increase in production of new electric vehicle, across the globe. Based on applications, the market is segmented as inside rear-view mirror (IRVM), and outside rear-view mirror (ORVM). Inside rear-view mirror (IRVM) is expected to have the highest share of the global automotive mirror dimming market owing to its growing application, in all types of vehicles. Based on functionalities the market is segmented as connected and non-connected. Connected auto dimming mirrors stand for dimming mirrors integrated with various other features to provide safety and convenience to drivers while driving. Based on vehicle type the market is segmented as passenger vehicle and commercial vehicle. Passenger vehicle is expected to hold the highest share in global automotive mirror dimming market due to rise in the sales of passenger vehicle.

Intended Audience:

Manufacturer, Distributer & Supplier companies
End Users
Consultants and Investment bankers
Government as well as Independent Regulatory Authorities
Product Analysis:

Product matrix which gives a detailed comparison of the market for different recycled product types
Additional Information:

Regulatory Landscape
Pricing Analysis
Macroeconomic Indicators
Regional Analysis:

This study provides an overview of the global automotive mirror dimming market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the automotive mirror dimming market by its fuel type, by application, by vehicle type, by functionality and by region.

Major Table of Content:

1 Introduction

1.1 Definition

1.2 Scope of Study

1.3 Research Objective

1.4 Assumptions & Limitations

1.5 Market Structure:

2 Research Vehicle Typology

2.1 Research Process

2.2 Primary Research

2.3 Secondary Research

3 Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

3.5 Macroeconomic Indicators

4 Market Factor Analysis

4.1 Porter’s Five Forces Model

4.1.1 Bargaining Power of Suppliers

4.1.2 Bargaining Power of Customer

4.1.3 Intensity of Competitor

4.1.4 Threat of New Entrants

Continued…

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