auto dimming mirror market is projected to grow at a CAGR of 3.20% during the forecast period, to reach a market size of USD 2.11 billion by 2025.
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Auto dimming mirror market is projected to grow at a CAGR of 3.20% during the forecast period, to reach a market size of $ 2.11 billion by 2025. The increasing awareness about vehicle and passenger safety is driving the demand for additional features in mirrors such as auto dimming.
Whereas, upcoming technological trends in the mirror technology, such as camera and mirror systems, may hamper the growth of the auto dimming mirror market.
Browse 70 Market Data Tables and 46 Figures spread through 135 Pages and in-depth TOC on “Auto Dimming Mirror Market Global Forecast to 2025" www.rnrmarketresearch.com/auto-dim…arket-report.html
Asia Pacific region is estimated to lead the auto dimming mirror market owing to the increasing vehicle production in countries such as China and India.
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This increased vehicle production can be attributed to the increase in purchasing power of people due to rapid industrialization in the region. The vehicle production in these countries is projected to grow at a CAGR of 4–5% over the period of the next 5years.
The passenger car segment is estimated to dominate the auto dimming mirror market during the forecast period. The increase in the number of passenger cars, combined with the increasing adoption of rear-view mirrors with auto dimming mirror is expected to drive the market for passenger cars segment of the auto dimming mirror market.
The major market players in the Auto Dimming Mirror market are Gentex (US), Samvardhana Motherson Reflectec (Germany), Magna (Canada), Ficosa (Spain), Murakami (Japan), Ichikoh (Japan), Tokai Rika (Japan), SL Corporation (Korea), Honda Lock (Japan), Germid (China), Flabeg (Germany), Konview electronics (China).
Connected auto dimming mirrors stand for dimming mirrors integrated with various other features to provide safety and convenience to drivers while driving. As people prefer more advanced features in their vehicles, the connected dimming mirror is expected to be the largest segment of the auto dimming mirror market.
Breakdown of Primaries:
The study contains insights provided by various industry experts, ranging from equipment suppliers to Tier-1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type:Tier-1–65%, Tier-2–25%, and OEM–10%
- By Designation: C level–30%, D level–30%, Others–40%
- By Region:Europe–44%, Asia-Pacific–35%,North America–11%,
The auto dimming mirror market has been segmented by application (interior & outer), functionality (connected and non-connected), fuel type(BEV ,ICE, and others(hybrids)), vehicle type (passenger cars and light commercial vehicles), region (Asia Pacific, Europe, North America, and RoW).The market has been projected in terms of volume (‘000 units) and value (USD million).
Another research titled Rear-View Mirror Market Global Forecast to 2022 says, The automotive rear-view market is projected to grow at a CAGR of 5.39% during the forecast period, to reach a market size of $ 12.97 billion by 2022. Asia-Pacific region is estimated to lead the rear-view market owing to increasing vehicle production in countries such as China and India.
The vehicle production in these countries is projected to grow at a CAGR of 4–5% over the period of next five years Companies such as Gentex Corporation, Samvardhana Motherson Reflectec, Magna International Inc., Ficosa International S.A., Continental AG, Murakami Corporation, Ichikoh Industries, Ltd., Mitsuba Corporation, Tokai Rika Co., Ltd., Mobvoi, Inc., SL Corporation, Honda Lock Mfg. Co., Ltd., Ishizaki Co., Ltd., Flabeg Automotive Holding GmbH, Sakae Riken Kogyo Co., Ltd.
have been profiled in this 170 pages research report available at www.rnrmarketresearch.com/rear-vie…arket-report.html
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