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A Comprehensive Outlook into the Auto-Dimming Mirror Market: Top Trends, Competitive Landscape, Emerging Size Analysi, Leading Companies & Growth Factors || Ficosa International SA (Panasonic Corporation), Flabeg Automotive Glass Group GMBH, Gentex Corpor
Auto-Dimming Mirror Market
Auto-Dimming Mirror Market Size, Growth Rate, And Forecast
The global auto-dimming mirror market size grew from $2.02 billion in 2022 to $2.2 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The auto-dimming mirror market size is expected to grow to $2.89 billion in 2027 at a CAGR of 7.1%.
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Auto-Dimming Mirror Market Drivers
The surge in the automotive industry is expected to propel the growth of the auto-dimming mirror market going forward. The automotive industry refers to the designing, developing, and manufacturing of motor vehicles. These mirrors are used in vehicles to reduce the glare of light that is coming from other vehicles and hence prevent the driver from getting distracted. For instance, according to the India Brand Equity Foundation, an India-based government export agency, in May 2022, sales of automobiles in India increased by 5.8%, which is 18.49 million units, as compared to 17.47 million units in the year 2020. Also, the premium car industry sold 2,259 units in December 2021, an increase of 19.7% when compared with 2020. Therefore, the growth of the automotive industry is driving the growth of the auto-dimming mirror market.
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Auto-Dimming Mirror Market Segments
• By Fuel Type: Internal Combustion Engine, Hybrid, Electric
• By Vehicle Type: Passenger Vehicle, Commercial Vehicle
• By Functionality Type Market: Connected Auto-Dimming Mirror, Non-connected Auto-Dimming Mirror
• By Application Type: Inside Rear-View Mirror, Outside Rear-View Mirror
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the auto-dimming mirror market.
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Auto-Dimming Mirror Market Key Players
Major competitors in the auto-dimming mirror market are 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, Shenzhen Germid Co., Samvardhana Motherson Group.
The Business Research Company's "Global Auto-Dimming Mirror Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Auto-Dimming Mirror Market Include:
1. Executive Summary
2. Auto-Dimming Mirror Market Characteristics
3. Auto-Dimming Mirror Market Trends And Strategies
4. Auto-Dimming Mirror Market - Macro Economic Scenario
5. Auto-Dimming Mirror Market Size And Growth
………………
27. Auto-Dimming Mirror Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Auto-Dimming Mirror Market
29. Auto-Dimming Mirror Market Future Outlook and Potential Analysis
30. Appendix
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