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Automotive Auto Dimming Mirror Market by Type, Vehicle Type, Application, Region, Growth, and Demand Forecast, 2013-2023 Including Key Players Samvardhana Motherson Reflectec Group Holdings Limited, Ficosa International, S.A., MURAKAMI CORPORATION

11-16-2018 07:13 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

Automotive Auto Dimming Mirror Market by Type, Vehicle Type,

The global automotive auto dimming mirror market is expected to see substantial growth in the coming years due to increasing concerns for passenger safety, rise in production of passenger cars, and increasing demand for luxury features in passenger cars. The increasing number of road accidents across the world is a prime concern for passengers and drivers.

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To reduce accidents, vehicle manufacturers are integrating different safety features in automotive mirrors. This integration of safety features in vehicles is expected to drive the automotive auto dimming mirror market during the forecast period. These mirrors significantly reduce the glare of light coming from the trailing vehicles, thereby increasing visibility and reducing driver’s fatigue.

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On the basis of vehicle type, the automotive auto dimming mirror market is bifurcated into passenger car (PC) and light commercial vehicle (LCV). PC is expected to be the largest category during the forecast period, owing to its high demand coming in from emerging economies such as India and China.

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The other leading players in the industry include Samvardhana Motherson Reflectec Group Holdings Limited, Ficosa International, S.A., MURAKAMI CORPORATION, Magna International Inc., ICHIKOH INDUSTRIES, LTD., and Konview Electronics Corporation Limited.

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P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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