Press release
Auto-Dimming Mirror Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Auto-Dimming Mirror Market Size
The boom in the automobile sector is anticipated to drive the progression of the auto-dimming mirror market. This sector revolves around the conceptualizing, creation, and production of motor vehicles. Auto-dimming mirrors are installed in vehicles to mitigate the brightness of lights coming from other cars, thereby reducing distractions for the driver. For example, as per the European Automobile Manufacturers Association, a Belgium-based car manufacturers association, in 2022, the worldwide manufacture of motor vehicles hit 85.4 million units, posting a significant rise of 5.7% compared to 2021. Thus, the automobile industry's growth is fostering the advancement of the auto-dimming mirror market.
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What is the projected compound annual growth rate (CAGR) of the auto-dimming mirror market from 2025 to 2034, and what factors influence it?
The market for auto-dimming mirrors has experienced substantial growth in recent times. Its market size is projected to escalate from $2.22 billion in 2024 to $2.34 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. Several factors have fueled the boost in its historical period, including heightened awareness about driver safety and the need for glare reduction, the incorporation of advanced driver assistance systems (ADAS) in cars, an increased demand for commercial vehicles, strict safety guidelines encouraging the usage of anti-glare mirrors, and a surging demand for luxury and high-end cars with innovative features.
In the coming years, the auto-dimming mirror market is projected to experience solid expansion, reaching $3.06 billion in 2029, with a 7.0% compound annual growth rate (CAGR). Factors attributed to the projected growth in this period include an increased interest in electric and self-driving cars, the incorporation of sophisticated sensors and cameras in auto-dimming mirrors, the expansion of the integrated car ecosystem, a rise in focus on driver comfort and minimizing eye fatigue during nocturnal driving, and the expansion of the vehicle industry in growing economies. Key trends for the expected period are advancements in camera technology, the application of artificial intelligence (AI) in adaptive dimming, the creation of electrochromic mirrors with customizable tint levels, the merging of digital displays and augmented reality features, and the partnerships between car manufacturers and tech providers.
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How are the latest trends influencing the growth of the auto-dimming mirror market?
The primary trend that is gaining momentum in the auto-dimming mirror market is technological innovation. The leading corporations in this industry are consistently introducing cutting-edge technologies to maintain their market dominance. To illustrate, in August 2023, Mahindra, a firm with expertise in automobile manufacturing based in India, unveiled an upgraded version of the XUV400 EV, comprised of eight novel upgrades exclusive to the high-end EL model. These enhancements include electronic stability control (ESP), hill hold assist, a system for monitoring tire pressure, an automatically dimming internal rearview mirror (IRVM), as well as cruise control. Moreover, the electric SUV has been outfitted with fog lights and a boot lamp and the audio system has been augmented with the installation of tweeters.
What are the major segments of the auto-dimming mirror market and their role in driving growth?
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
Subsegments:
1) By Internal Combustion Engine: Passenger Vehicles, Commercial Vehicles
2) By Hybrid: Hybrid Electric Vehicles (HEVs), Plug-In Hybrid Electric Vehicles (PHEVs)
3) By Electric: Battery Electric Vehicles (BEVs), Electric SUVs And Trucks
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Which regions are key players in the growth of the auto-dimming mirror market?
Asia-Pacific was the largest region in the auto-dimming mirror market in 2024.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
Who are the key firms paving the way for growth in the auto-dimming mirror market?
Major companies operating in the auto-dimming mirror market include 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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What Is Covered In The Auto-Dimming Mirror Global Market Report?
•Market Size Forecast: Examine the auto-dimming mirror market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the auto-dimming mirror market for a structured understanding.
•Key Players Overview: Analyze major players in the auto-dimming mirror market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the auto-dimming mirror market.
•Segment Contributions: Evaluate how different segments drive overall growth in the auto-dimming mirror market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the auto-dimming mirror market.
•Industry Challenges: Identify potential risks and obstacles affecting the auto-dimming mirror market.
•Competitive Landscape: Review strategic developments in the auto-dimming mirror market, including expansions, agreements, and new product launches.
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