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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 (2017-2027); 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 2022-2027 to reach a value of approximately USD 2.6 billion by 2026.

 

Global Auto Dimming Mirror Market

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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: Industry Definition and 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.

 

Global Auto Dimming Mirror Market By Fuel Type

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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.

 

Global Auto Dimming Mirror Market By Region

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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 industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
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, EMR’s 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Auto Dimming Mirror Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Auto Dimming Mirror Historical Market (2017-2021) 
    8.3    Global Auto Dimming Mirror Market Forecast (2022-2027)
    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 (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Non-Connected
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    SPD Glass
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Photochromatic Glass
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Liquid Chrystal
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Thermotropics
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021)
            8.5.5.3    Forecast Trend (2022-2027)
        8.5.6    Electrochromic
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2017-2021)
            8.5.6.3    Forecast Trend (2022-2027)
        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 (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Commercial Vehicle
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Electric
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Hybrid
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            8.8.1.3    Forecast Trend (2022-2027)
        8.8.2    Outside Rear-View Mirror
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2017-2021)
            8.8.2.3    Forecast Trend (2022-2027)
    8.9    Global Auto Dimming Mirror Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Gentex Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Magna International Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Ficosa Internacional SA
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Shenzhen Germid Co., Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Auto Dimming Mirror Market: Key Industry Highlights, 2016 and 2026
2.    Global Auto Dimming Mirror Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Auto Dimming Mirror Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Auto Dimming Mirror Historical Market: Breakup by Glass Type (USD Billion), 2017-2021
5.    Global Auto Dimming Mirror Market Forecast: Breakup by Glass Type (USD Billion), 2022-2027
6.    Global Auto Dimming Mirror Historical Market: Breakup by Vehicle Type (USD Billion), 2017-2021
7.    Global Auto Dimming Mirror Market Forecast: Breakup by Vehicle Type (USD Billion), 2022-2027
8.    Global Auto Dimming Mirror Historical Market: Breakup by Fuel Type (USD Billion), 2017-2021
9.    Global Auto Dimming Mirror Market Forecast: Breakup by Fuel Type (USD Billion), 2022-2027
10.    Global Auto Dimming Mirror Historical Market: Breakup by Application (USD Billion), 2017-2021
11.    Global Auto Dimming Mirror Market Forecast: Breakup by Application (USD Billion), 2022-2027
12.    Global Auto Dimming Mirror Historical Market: Breakup by Region (USD Billion), 2017-2021
13.    Global Auto Dimming Mirror Market Forecast: Breakup by Region (USD Billion), 2022-2027
14.    North America Auto Dimming Mirror Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    North America Auto Dimming Mirror Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Europe Auto Dimming Mirror Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Europe Auto Dimming Mirror Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Asia Pacific Auto Dimming Mirror Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Asia Pacific Auto Dimming Mirror Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Latin America Auto Dimming Mirror Historical Market: Breakup by Country (USD Billion), 2017-2021
21.    Latin America Auto Dimming Mirror Market Forecast: Breakup by Country (USD Billion), 2022-2027
22.    Middle East and Africa Auto Dimming Mirror Historical Market: Breakup by Country (USD Billion), 2017-2021
23.    Middle East and Africa Auto Dimming Mirror Market Forecast: Breakup by Country (USD Billion), 2022-2027
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 2022-2027 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 2022-2027, 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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