Auto-Dimming Mirror Market 2024 - By Size, Share, Growth, Regional Insights, Analysis Report And Forecast To 2033

The auto-dimming mirror market size has grown strongly in recent years. It will grow from $2.12 billion in 2023 to $2.25 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to growing awareness of driver safety and glare reduction, integration of advanced driver assistance systems (adas) in vehicles, growing demand for commercial vehicles, stringent safety regulations promoting the use of anti-glare mirrors, increased demand for luxury and high-end vehicles with advanced features..

The auto-dimming mirror market size is expected to see strong growth in the next few years. It will grow to $2.88 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to surge in the adoption of electric and autonomous vehicles, integration of advanced sensors and cameras in auto-dimming mirrors, growth in the connected car ecosystem, increasing focus on driver comfort and reducing eye strain during night driving, expansion of the automotive market in emerging economies. Major trends in the forecast period include advancements in camera technology, use of artificial intelligence (ai) for adaptive dimming, development of electrochromic mirrors with customizable tint levels, integration of digital displays and augmented reality features, collaboration between automakers and technology providers .

Market Overview -
An auto-dimming mirror refers to mirrors that are made up of a mirror and an electronic system that uses photo sensors to detect light from the front and back. These mirrors are used to improve visibility and safety at night while driving. These can dim the light reflecting from their surface by considerably reducing the glare of light from following vehicles on busy routes at night.

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Rising Automotive Industry Sales Fuel Auto-Dimming Mirror Market Growth
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.

Competitive Landscape -
Major companies operating in the auto-dimming mirror market report are Ficosa International SA, Flabeg Automotive Glass Group GMBH, Gentex Corporation, Honda Lock Mfg. Co. Ltd., Konview Electronics Corporation Limited, Magna International Inc., Murakami Corporation, Shenzhen Germid Co. Ltd., Samvardhana Motherson Group, Tokairika Co. Ltd., SL Corporation, Ichikoh Industries Ltd., Metagal Industria E-commercio Ltd., Fuyao Glass Industry Group Co. Ltd., Dura Automotive Systems, Webasto SE, Glas Trösch Holding AG, Shanghai Ganxiang Automobile Electric Co. Ltd., Shanghai Yaxing Automotive Electronics Co. Ltd., Yantai Autobest Industry Co. Ltd., ZKW Group, Kyocera Corporation, Donnelly Corporation, Ishizaki Honten Co. Ltd., Visiocorp plc, Continental AG, Valeo SA, Denso Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG

Auto-Dimming Mirror Market Embraces Technological Innovations As Key Trend
Technological innovations have emerged as the key trend gaining popularity in the auto-dimming mirror market. Major companies operating in the auto-dimming mirror sector are focused on introducing new technologies to sustain their position in the market. For example, Gentex, a US-based company that develops, designs, and manufactures automatic-dimming rear-view mirrors, launched the latest version of its HomeLink car-to-home automation system that works on Bluetooth. It also controls a variety of radio frequencies by using cloud-based home automation technology that makes up the system. In addition, the company created an app that allows cloud-based device operation.

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Key Segments -
The auto-dimming mirror market covered in this report is segmented -
1) By Fuel Type: Internal Combustion Engine, Hybrid, Electric
2) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
3) By Functionality Type Market: Connected Auto-Dimming Mirror, Non-connected Auto-Dimming Mirror
4) By Application Type: Inside Rear-View Mirror, Outside Rear-View Mirror

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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