Auto Dimming Mirror Market Report 2022-27: Industry Growth, Size, Share, Trends and Forecast
The global auto dimming mirror market reached a value of US$ 1.74 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.21 Billion by 2027, exhibiting a CAGR of 4% during 2022-2027.
According to the latest report by IMARC Group, titled, “Auto Dimming Mirror Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027“, The global auto dimming mirror market reached a value of US$ 1.74 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.21 Billion by 2027, exhibiting a CAGR of 4% during 2022-2027.
Auto dimming mirror is an automotive mirror that controls and eliminates glares caused by the headlights of a tailing vehicle. It improves the visibility of drivers and facilitates safety throughout the drive. Auto dimming mirror consists of sensors that help in detecting the lights and eradicating the glare by darkening the mirror. The sensors in the mirror generate electric charge through a low voltage power supply in the mirror. The mirror also absorbs and reflects light when an electric voltage is passed through it. As a result, the auto dimming mirror forms an integral part of the vehicle, providing a wide variety of features such as a microphone, compass and safety camera systems.
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The global market is primarily driven by the rapid growth of the automotive industry and increasing preference for luxury and semi-luxury vehicles. The growing awareness among the masses regarding the safety of passengers and the vehicle is also propelling the product demands. They assist the drivers in maintaining a clear field view of the road and prevent accidents. In addition to this, various OEMs are launching new variants in mirrors with advanced features, such as blind-spot detection, parking and lighting assistance, Bluetooth connectivity, and navigation and temperature displays, for driver assistance. Furthermore, research and development (R&D) activities have introduced cloud- and IoT-based auto dimming mirrors, which is expected to influence the market growth in the upcoming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Ficosa International SA (Panasonic Corporation)
FLABEG AUTOMOTIVE GLASS GROUP GMBH
Honda Lock Mfg. Co. Ltd. (Honda Motor Company Ltd)
Konview Electronics Corporation Limited
Magna International Inc.
SAMVARDHANA MOTHERSON GROUP
Shenzhen Germid Co. Ltd.
TOKAIRIKA CO LTD.
Our report has categorized the market based on application, vehicle type and fuel type.
Breakup by Application:
Inside Rear-View Mirror
Outside Rear-View Mirror
Breakup by Vehicle Type:
Breakup by Fuel Type:
Breakup by Region:
Middle East and Africa
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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