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Auto-Dimming Mirror Market Trends, Top Companies, Share, Growth And Forecast 2033
Auto-Dimming Mirror Market
As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
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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