Press release
Automotive Mirror Dimming Market Is Booming Worldwide | Ficosa International, Ichikoh Industries, Gentex
Automotive Mirror Dimming Market
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Definition: The size of the Automotive Mirror Dimming Market was valued at USD 6.4 Billion in 2023 and is projected to reach USD 10.28 Billion by 2032, with an expected CAGR of 7% during the forecast period. The Automotive Mirror Dimming Market includes development and application of electrochromic technology in automotive mirrors to enhance driving safety and comfort. Automotive mirror dimming systems adjust the level of mirror reflectivity in response to varying light conditions, such as reducing glare from headlights of trailing vehicles at night. This technology is increasingly integrated into rearview mirrors and side mirrors to provide drivers with a clearer view and reduce eye strain, contributing to safer driving experiences. This market is driven by as road safety becomes a higher priority, automotive manufacturers are increasingly incorporating advanced technologies to improve driver visibility and reduce distractions. Automotive mirror dimming systems are part of this trend, offering a significant safety benefit by mitigating glare from other vehicles' headlights, the growing production and sales of vehicles, especially premium and luxury models, drive the demand for advanced features like mirror dimming systems. These systems are often included as standard or optional equipment in higher-end vehicles, contributing to market growth, ongoing innovations in electrochromic materials and control systems enhance the performance and efficiency of automotive mirror dimming systems. Improvements in these technologies lead to better dimming performance, faster response times, and greater durability, modern consumers are increasingly interested in features that enhance their driving experience, including comfort and convenience features. Automotive mirror dimming systems cater to this demand by providing automatic adjustments that reduce glare and improve visibility without requiring manual intervention, and government regulations and safety standards that mandate or encourage the adoption of advanced safety features in vehicles contribute to the growth of the automotive mirror dimming market. Compliance with these standards drives the integration of mirror dimming systems into new vehicle models.
Major Players in This Report Include: Gentex Corporation (U.S), Samvardhana Motherson Group (India), Magna International Inc. (Canada), Ficosa International S.A. (Spain), Ichikoh Industries Ltd. (Japan), Murakami Corporation (Japan), TOKAIRIKA CO LTD. (Japan), SL Corporation (South Korea), Honda Lock Mfg. Co. Ltd. (Japan), FLABEG Automotive Holding GmbH (Germany).
Global Automotive Mirror Dimming the manufacturing cost structure analysis of the market is based on the core chain structure, engineering process, raw materials and suppliers. The manufacturing plant has been developed for market needs and new technology development. In addition, Global Automotive Mirror Dimming Market attractiveness according to country, end-user, and other measures is also provided, permitting the reader to gauge the most useful or commercial areas for investments. The study also provides special chapter designed (qualitative) to highlights issues faced by industry players in their production cycle and supply chain.
The Global Automotive Mirror Dimming Market segments and Market Data Break Down are illuminated below: Application : Inside Rear-View Mirror (IRVM) and Outside Rear-View Mirror (ORVM), Vehicle Type : Passenger Vehicle and Commercial Vehicle, Functionality : Connected and Non-Connected
Market Trend:
Integration of cameras with mirrors.
Use of artificial intelligence (AI) to improve mirror dimming systems.
Market Drivers:
Increasing demand for safety and convenience features in vehicles.
Government regulations mandating the use of anti-glare mirrors and ADAS.
Restrains:
High cost of advanced mirror dimming systems.
Lack of awareness about the benefits of mirror dimming systems.
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Recent Developments in Automotive Mirror Dimming:
In January 2024, Renault India launched the all-new Renault Kiger, Kwid and Triber. All three cars have been upgraded with some aesthetic changes, additional trims, new color options, novel features and more. The new range offers over ten added functionalities and five extra versions for three models.
The 2024 Triber is also updated with additional features like a driver's seat armrest, powered ORVMs, a seven-inch digital instrument cluster, a wireless charger, LED cabin lights, and a black exterior paint job, to mention but a few. Additional features in the Triber RXT variant include a rear camera and rear wiper, while the RXL variant has second/third row dedicated AC control/vents, respectively. Further, now all variants also come fitted with a PM2.5 air filter along with a rear seatbelt reminder.
Geographically World Global Automotive Mirror Dimming markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Global Automotive Mirror Dimming markets will drive growth in the North American market over the next few years.
In the last section of the report, the companies responsible for increasing the sales in the Global Automotive Mirror Dimming Market have been presented. These companies have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the application and product type introduced by each of these companies also form a key part of this section of the report. The recent enhancements that took place in the global market and their influence on the future growth of the market have also been presented through this study.
Report Highlights:
• Comprehensive overview of parent market & substitute market
• In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
• Recent industry trends and development activity
• Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)
Strategic Points Covered in Table of Content of Global Automotive Mirror Dimming Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Automotive Mirror Dimming market
Chapter 2: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Automotive Mirror Dimming;
Chapter 3: Exclusive Summary - the basic information of the Automotive Mirror Dimming Market.
Chapter 4: Evaluating the leading manufacturers of the Automotive Mirror Dimming market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 5: Presenting the Automotive Mirror Dimming Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 6: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)
Chapter 7: Displaying the by Type, End User and Region/Country 2019-2024
…………….
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Key questions answered
• Who are the Leading key players and what are their Key Business plans in the Global Automotive Mirror Dimming market?
• What are the key concerns of the five forces analysis of the Global Automotive Mirror Dimming market?
• What are different prospects and threats faced by the dealers in the Global Automotive Mirror Dimming market?
• What possible measures players are taking to overcome and stabilize the situation?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Asia.
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About Author: Pro Market Reports is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enable clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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