Auto-Dimming Mirror Global Market Size Analysis, Business Outlook, Current and Future Growth By 2033 | Gentex Corporation, SL Corporation, Webasto SE, ZKW Group, Visiocorp plc

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Auto-Dimming Mirror Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $2.88 billion In 2028 At A CAGR Of 6.3% :

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 .

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Auto-Dimming Mirror Market Major 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 Driver - 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.

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Prominent Trend - 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.

Auto-Dimming Mirror Market Players
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

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the auto-dimming mirror market in 2023. North America is expected to be the fastest growing region in the forecast period. The regions covered in the auto-dimming mirror market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Auto-Dimming Mirror Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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