Press release
Emerging Trends to Reshape the Auto-Dimming Mirror Market: Auto-Dimming Mirror Market Embraces Technological Innovations As Key Trend as a Key Influencer
Auto-Dimming Mirror
Auto-Dimming Mirror Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size of auto-dimming mirrors has witnessed considerable growth. It is set to expand from $2.22 billion in 2024 to $2.34 billion in 2025, experiencing a compound annual growth rate (CAGR) of 5.3%. This growth during the historical period could be related to the rise in driver safety awareness and glare reduction, the implementation of advanced driver assistance systems (ADAS) in vehicles, an increase in the demand for commercial vehicles, strict safety regulations encouraging the use of anti-glare mirrors and a surge in demand for luxury and premium vehicles with cutting-edge features.
Auto-Dimming Mirror Market Size Forecast: What's the Projected Valuation by 2029?
It is projected that the auto-dimming mirror market will experience substantial growth in the forthcoming years, rising to $3.06 billion in 2029 with a compound annual growth rate (CAGR) of 7.0%. This predicted growth within the forecast period can be linked to an increase in the uptake of electric and self-driving vehicles, the inclusion of state-of-the-art sensors and cameras in auto-dimming mirrors, an expanding connected car ecosystem, a greater emphasis on driver comfort and eye strain reduction during nocturnal driving, and automotive market expansion in developing economies. The forecast period will see prominent trends such as improvements in camera technology, the application of artificial intelligence (AI) for adaptive dimming, the creation of electrochromic mirrors with adjustable tint levels, the incorporation of digital displays and augmented reality capabilities, and cooperative initiatives between automobile manufacturers and tech providers.
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What Are the Drivers Transforming the Auto-Dimming Mirror Market?
The advancement in the automotive sector is set to spur the expansion of the auto-dimming mirror market. The automotive sector encompasses the planning, creation, and production of motor vehicles. Auto-dimming mirrors, which are used in cars to minimize the glare of lights from behind to avoid distracting the driver, are instrumental to this growth. For example, data from the European Automobile Manufacturers Association, a Belgium-based automotive manufacturing organisation, shows that global motor vehicle production rose to 85.4 million units in 2022, marking a significant 5.7% rise on the previous year. As such, the forward momentum of the automotive industry is steering the expansion of the auto-dimming mirror market.
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What Long-Term Trends Will Define the Future of the Auto-Dimming Mirror Market?
Technological advancements are becoming a prominent trend in the auto-dimming mirror market, with leading companies striving to introduce new technologies to maintain their market share. As an example, in August 2023, automotive manufacturing specialist Mahindra, which is based in India, unveiled an updated version of their XUV400 EV. This update, exclusive to the top-tier EL model, includes eight new features. These include electronic stability control (ESP), hill hold assist, a tire pressure monitoring system, an internal auto-dimming rearview mirror (IRVM), and cruise control. The electric SUV also now comes with fog lights and a trunk light, and the audio system has been upgraded to include tweeters.
Which Segments in the Auto-Dimming Mirror Market Offer the Most Profit Potential?
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 Firms Dominate the Auto-Dimming Mirror Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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
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