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The global auto dimming mirror market reached a value of about USD 2.26 billion in 2023. The market is further expected to grow at a CAGR of 4.7% in the forecast period of 2024-2032 to reach a value of approximately USD 3.42 billion by 2032.
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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.
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 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:
Based on glass type, the industry can be segmented into:
Based on vehicle type, the industry is broadly categorised into:
The market is divided based on fuel type into:
On the basis of application, the industry can be bifurcated into:
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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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.
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:
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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Glass Type |
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| Breakup by Vehicle Type |
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| Breakup by Fuel Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global auto dimming mirror market attained a value of nearly USD 2.26 billion.
The market is projected to grow at a CAGR of 4.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3.42 billion by 2032.
The major market drivers include rapid urbanisation, the increasing sales of luxury vehicles, and the rising demand for advanced features in vehicles.
The key trends aiding the market growth include the introduction of stringent government initiatives aimed at increasing passenger safety and technological advancements and innovations.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various types of auto dimming mirror are connected and non-connected.
The major glass types considered in the market report are smart glass, SPD glass, photochromatic glass, liquid chrystal, thermotropics, and electrochromic, among others.
The significant vehicle types considered in the market report are passenger vehicle and commercial vehicle.
The different fuel types considered in the market report are internal combustion engine, electric, and hybrid.
The several applications of auto dimming mirror are inside rear-view mirror and outside rear-view mirror.
The key players in the market include Gentex Corporation, Magna International Inc., Ficosa Internacional SA, and Shenzhen Germid Co., Ltd., among others.
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