Auto Dimming Mirror Market Analysis and Future Outlook : 2024-2032

According to a recent report published by Allied Market Research, titled, "Auto dimming mirror Market by Application, Vehicle Type and Fuel Type: Global Opportunity Analysis and Industry Forecast, 2019-2026," The global auto dimming mirror market size was valued at $1.86 billion in 2018, and is projected to reach $2.77 billion by 2026, registering a CAGR of 5.3% from 2019 to 2026.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

Ficosa,
Flabeg,
Gentex corporation,
Honda Lock,
Konview,
Magna,
Murakami Corporation,
SAMVARDHANA MOTHERSON GROUP,
Shenzhen Germid Co., Ltd.,
Tokairika, Co, Ltd.,
others.

𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/5621

For instance, Mazda, a Japanese multinational automaker, launched new model named Mazda2 with a feature of auto-dimming rear-view mirror. In addition, the auto-dimming market in Europe is anticipated to exhibit remarkable growth during the forecast period, owing to focus of automobile manufacturers on development of innovative safety technologies for automobiles.

The automobile industry giants in Asia-Pacific are introducing new range of vehicles with the feature of auto-dimming rear-view mirrors, which is anticipated to boost the growth of the market. For instance, on February 3, 2020, Tata Motors, an automotive manufacturer in India launched new Tata Harrier BS6, which has advanced and innovative technologies such as next-generation Kryotec diesel engine and auto-dimming rearview mirrors, which in turn is driving the growth of market. In addition, Asia-Pacific is the highest contributing region to the global auto dimming mirror market and is anticipated to maintain its lead during the forecast period.

Major automotive OEMs are providing auto dimming mirrors in their cars to increase safety of passengers and drivers. For instance, Volvo, a luxury vehicle brand, launched Volvo XC40 passenger car with auto dimming rear-view mirrors. Such factors are anticipated to drive demand for auto dimming mirrors in the passenger cars segment. Passenger vehicle is the largest segment in vehicle type as passenger cars segment dominates the global vehicles market and is anticipated to maintain its lead during the forecast period. In addition, the use of auto dimming mirrors in LCVs is estimated to grow positively during the forecast period, owing to rise in demand for light commercial vehicles.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/auto-dimming-mirror-market/purchase-options

For instance, European Automobile Manufacturers Association, in 2017, stated that 19.6 million motor vehicles were produced in the European Union, of which 17 million were passenger cars, and remaining 2.6 million were commercial vehicles, which is estimated to provide lucrative opportunities for the auto dimming mirrors market. Commercial vehicles majorly consist of light commercial vehicle and heavy commercial vehicles and are usually utilized for transportation of goods. Light commercial vehicles (LCVs) are usually fitted with a greater number of outside rear-view dimming mirrors than conventional passenger cars.

Advancements in ICE vehicles, coupled with rising need for safety has attracted automotive OEMs toward auto dimming mirrors. For instance, in 2019, Porsche AG launched a luxury internal combustion engine car - Porsche Cayenne S with auto dimming mirrors. Thus, such instances are anticipated to propel the auto dimming mirror market growth. In addition, Major electric car manufacturers are focusing on development of new, better, and upgraded electric cars with extended range, while providing maximum safety. This factor is anticipated to boost the demand for auto dimming mirrors as they provide greater safety compared to conventional mirrors. For instance, Tesla Model 3, an electric car, which had achieved the highest safety assist score, included auto-dimming and power-folding mirrors in the base model of their ca.

Increasing demand for advanced features coupled with growing automotive industry is propelling the growth of auto dimming mirror market. In addition, increasing need for safety in automobiles is boosting the growth of market. However, high cost as compared to conventional mirrors is hindering the growth of market. Further, production of cloud based auto dimming mirror is anticipated to provide a remarkable growth opportunity for the players operating in the auto dimming mirror market.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/5621

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲 :

By application, the outside rear-view mirror segment is anticipated to grow at a lucrative growth rate.

By vehicle type, the passenger vehicle segment was the highest revenue contributor in 2018.

By region, Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.

By region, Asia-Pacific contributed the highest auto dimming mirror market revenue in 2018, followed by Europe, North America, and LAMEA.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Automotive Microcontroller Market : https://www.alliedmarketresearch.com/automotive-microcontroller-market-A06049

Automotive Blockchain Market : https://www.alliedmarketresearch.com/automotive-blockchain-market

Automotive Robotics Market : https://www.alliedmarketresearch.com/automotive-robotics-market-A0868

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

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𝐀𝐛𝐨𝐮𝐭 𝐮𝐬 :

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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This release was published on openPR.