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The global auto dimming mirror industry is being driven by the growing focus of major players to provide improved and advanced features integrated with latest technologies like Internet of Things (IoT) and cloud computing. Some of these advanced features include wireless controls to operate home automation, tire pressure measurement displays, temperature measurement displays, navigation systems, Bluetooth, and blind spot detection, among others. Over the forecast period, the outside rear-view mirror segment is expected to witness a significant growth. This can be attributed to the increasing regulatory compliance pertaining to the use of outside rear-view mirrors in all types of vehicles.
The increasing focus of companies on developing new products with state-of-the-art features can prove to be a key factor in augmenting the market growth in the near future. For instance, in November 2019, Gentex Corporation (NASDAQ: GNTX) announced the release of three new products at the SEMA show of 2019. Among these products was a new auto dimming mirror with an integrated HomeLink button and home automation system based on cloud. Thus, such developments can play a pivotal role in determining the success of the auto dimming mirror industry.
Market Analysis by Type, Glass Type, Vehicle Type, Fuel Type, Application, and Region:
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The major players in the global auto dimming mirror market are Gentex Corporation, Magna International Inc., Ficosa Internacional SA, Shenzhen Germid Co. Ltd., and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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