Reports
Global Auto Dimming Mirror Market: By Type: Connected, Non-Connected; By Glass Type: Smart Glass, SPD Glass, Photochromatic Glass, Others; By Vehicle Type; By Fuel Type; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Auto Dimming Mirror Market Outlook
The global auto dimming mirror market reached a value of about USD 1.97 billion in 2020. The market is further expected to grow at a CAGR of 4.7% in the forecast period of 2023-2028 to reach a value of approximately USD 2.6 billion by 2026.
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Increasing Demand for Advanced Features to Augment the Auto Dimming Mirror Industry Growth
A surge in demand for advanced features like parking assists, LED headlights, and others in a vehicle is anticipated to increase the demand for auto dimming mirrors globally. Customers worldwide are becoming more and more willing to spend some extra bucks on advanced features. The increasing sales of luxury vehicles also have a positive effect on the auto dimming mirror market. The production of luxury vehicles by automotive original equipment manufacturers have been strong, with all major players reporting great sales.
The Asia Pacific to Provide Enhanced Growth Opportunities to the Auto Dimming Mirror Industry
Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period owing to the rapid urbanisation and the increasing awareness regarding road safety in the region. The countries like China and India are emerging as an automotive hotspot, with major chunk of the market share in vehicle sales and production. To feed the rising demand for auto dimming mirrors in the region and capitalise on the cost-effectiveness of production, the major players are shifting their production facilities to these countries and are further focusing on increasing their domestic market share. This is expected to further boost the global auto dimming mirror industry.
Auto Dimming Mirror: Market Segmentation
Auto dimming mirrors reduce the glare caused by headlights of the vehicle just behind. They significantly improve the visibility of a driver. These mirrors have a few sensors in them, which detect the light from headlights of the vehicle just behind, and eliminate the glare through a process known as electrochromism. An added advantage of these mirrors is their ability to house various secondary features such as safety camera systems, compass, and others.
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By type, the market is divided into:
- Connected
- Non-Connected
Based on glass type, the industry can be segmented into:
- Smart Glass
- SPD Glass
- Photochromatic Glass
- Liquid Crystal
- Thermotropics
- Electrochromic
- Others
Based on vehicle type, the industry is broadly categorised into:
- Passenger Vehicle
- Commercial Vehicle
The market is divided based on fuel type into:
- Internal Combustion Engine
- Electric
- Hybrid
On the basis of application, the industry can be bifurcated into:
- Inside Rear-View Mirror
- Outside Rear-View Mirror
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Need for Safety in Automobiles to Bolster the Growth of the Auto Dimming Mirror Industry
The increasing stringency of government rules, combined with the growing demand for passenger safety, is expected to cause a boom in the auto dimming mirror industry. Road accidents, which cause heavy loss of life every year, can be prevented by focusing more on vehicle safety. As auto dimming mirrors can contribute a lot in that aspect, their demand is expected to significantly increase. Over the forecast period, the rapid technological advancements are expected to further propel the industry growth. The big auto dimming mirror producers have started offering products with features like blind spot detection, which can prove to be useful in preventing road accidents.
Key Industry Players in the Global Auto Dimming Mirror Market
The report gives a detailed analysis of the following key players in the global auto dimming mirror market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Gentex Corporation
- Magna International, Inc.
- Ficosa Internacional SA
- Shenzhen Germid Co., Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Glass Type, Vehicle Type, Fuel Type, Application, Region |
| Breakup by Type | Connected, Non-Connected |
| Breakup by Glass Type | Smart Glass, SPD Glass, Photochromatic Glass, Liquid Chrystal, Thermotropics, Electrochromic, Others |
| Breakup by Vehicle Type | Passenger Vehicle, Commercial Vehicle |
| Breakup by Fuel Type | Internal Combustion Engine, Electric, Hybrid |
| Breakup by Application | Inside Rear-View Mirror, Outside Rear-View Mirror |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Gentex Corporation, Magna International Inc., Ficosa Internacional SA, Shenzhen Germid Co., Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Auto Dimming Mirror Market Analysis
8.1 Key Industry Highlights
8.2 Global Auto Dimming Mirror Historical Market (2018-2022)
8.3 Global Auto Dimming Mirror Market Forecast (2023-2028)
8.4 Global Auto Dimming Mirror Market by Type
8.4.1 Connected
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Non-Connected
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Auto Dimming Mirror Market by Glass Type
8.5.1 Smart Glass
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 SPD Glass
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Photochromatic Glass
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Liquid Chrystal
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Thermotropics
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Electrochromic
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Auto Dimming Mirror Market by Vehicle Type
8.6.1 Passenger Vehicle
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Commercial Vehicle
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Auto Dimming Mirror Market by Fuel Type
8.7.1 Internal Combustion Engine
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Electric
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Hybrid
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.8 Global Auto Dimming Mirror Market by Application
8.8.1 Inside Rear-View Mirror
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Outside Rear-View Mirror
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.9 Global Auto Dimming Mirror Market by Region
8.9.1 North America
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
9 North America Auto Dimming Mirror Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Auto Dimming Mirror Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Auto Dimming Mirror Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Auto Dimming Mirror Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Auto Dimming Mirror Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Gentex Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Magna International Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Ficosa Internacional SA
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Shenzhen Germid Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Auto Dimming Mirror Market: Key Industry Highlights, 2018 and 2028
2. Global Auto Dimming Mirror Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Auto Dimming Mirror Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Auto Dimming Mirror Historical Market: Breakup by Glass Type (USD Billion), 2018-2022
5. Global Auto Dimming Mirror Market Forecast: Breakup by Glass Type (USD Billion), 2023-2028
6. Global Auto Dimming Mirror Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2022
7. Global Auto Dimming Mirror Market Forecast: Breakup by Vehicle Type (USD Billion), 2023-2028
8. Global Auto Dimming Mirror Historical Market: Breakup by Fuel Type (USD Billion), 2018-2022
9. Global Auto Dimming Mirror Market Forecast: Breakup by Fuel Type (USD Billion), 2023-2028
10. Global Auto Dimming Mirror Historical Market: Breakup by Application (USD Billion), 2018-2022
11. Global Auto Dimming Mirror Market Forecast: Breakup by Application (USD Billion), 2023-2028
12. Global Auto Dimming Mirror Historical Market: Breakup by Region (USD Billion), 2018-2022
13. Global Auto Dimming Mirror Market Forecast: Breakup by Region (USD Billion), 2023-2028
14. North America Auto Dimming Mirror Historical Market: Breakup by Country (USD Billion), 2018-2022
15. North America Auto Dimming Mirror Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Europe Auto Dimming Mirror Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Europe Auto Dimming Mirror Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Asia Pacific Auto Dimming Mirror Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Asia Pacific Auto Dimming Mirror Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Latin America Auto Dimming Mirror Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Latin America Auto Dimming Mirror Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Middle East and Africa Auto Dimming Mirror Historical Market: Breakup by Country (USD Billion), 2018-2022
23. Middle East and Africa Auto Dimming Mirror Market Forecast: Breakup by Country (USD Billion), 2023-2028
24. Global Auto Dimming Mirror Market Structure
Key Questions Answered in the Report
In 2020, the global auto dimming mirror market attained a value of nearly USD 1.97 billion.
The market is projected to grow at a CAGR of 4.7% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 2.6 billion by 2026.
The major drivers of the market include rising urbanisation, growth in technological advancements, surge in demand for advanced features, and increasing sales of luxury vehicles.
Increasing stringency of government rules and the growing demand for passenger safety are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The product types include connected and non-connected.
The glass type segments are smart glass, SPD glass, photochromatic glass, liquid crystal, thermotropics, and electrochromic, among others.
The vehicle types consist of passenger and commercial vehicles.
The fuel types can be divided into internal combustion engine, electric, and hybrid.
The diverse applications for market are inside rear-view mirror and outside rear-view mirror.
The major players in the industry are Gentex Corporation, Magna International, Inc., Ficosa Internacional SA, and Shenzhen Germid Co., Ltd., among others.
Analyst Review
The global auto dimming mirror market attained a value of USD 1.97 billion in 2020, driven by the rising safety concerns. Aided by the growing luxury vehicles sales, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 4.7%. The market is projected to reach USD 2.6 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the auto dimming mirror industry can be segmented into connected and non-connected. The classification based on glass type are smart glass, SPD glass, photochromatic glass, liquid crystal, thermotropics and electrochromic among others. The vehicle types include passenger and commercial vehicles. On the basis of applications, the industry is divided into inside rear-view mirror and outside rear-view mirror. The major regional markets for auto dimming mirror are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Gentex Corporation, Magna International, Inc., Ficosa Internacional SA, and Shenzhen Germid Co., Ltd. among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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