Auto Dimming Mirror Market Size, Share, Forecast Report - 2025
The Auto
Dimming Mirror Market was
estimated to be USD 1.64 Billion in 2016 and is projected to grow at a CAGR of
3.20% during the forecast period.
The base year for the report is 2016 and the forecast period
is 2017–2025. The global market is primarily driven by the increasing awareness
about vehicle and passenger safety. Also, the trend of integrating additional
features in rear-view mirrors has led to a rise in demand for auto dimming
mirrors. OEMs have launched new variants in mirrors with advanced features for
driver assistance.
Objectives of the Study:
To define, describe, and project the auto dimming mirror
market by fuel type (BEV, ICE and others (hybrid))
- To
define, describe, and project the market by application of mirror (outer
mirrors and interior mirrors)
- To
define, describe, and project the market by functionality (connected and
non-connected dimming mirrors)
- To
identify the market dynamics including drivers, restraints, opportunities,
and challenges and analyze their impact on the auto dimming mirror market
- To
analyze the competitive leadership map for the key players based on their
strength of product offerings and business strategies to identify the
dynamic differentiators, innovators, visionary leaders, and emerging
companies in the market
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The research methodology used in the report involves primary
and secondary sources and follows a bottom-up approach for data triangulation.
The study involves country-level OEM and model-wise analysis of the auto
dimming mirror market in various vehicle types. This analysis involves
historical trends as well as existing penetrations by country as well as
vehicle type. The analysis is projected based on various factors such as growth
trends in vehicle production, regulations about the minimum number of rear-view
mirrors to be installed in various type of vehicles, and technological
advancements in various countries. The analysis has been discussed and
validated with primary respondents, which include experts from the auto dimming
mirror industry, manufacturers, and suppliers. Secondary sources include
associations such as International Organization of Motor Vehicle Manufacturers
(OICA), American Association of Motor Vehicle Administrators (AAMVA),
Automotive Component Manufacturers Association of India (ACMA), and paid
databases and directories such as Factiva and Bloomberg.
The ecosystem of the auto dimming mirror market comprises
manufacturers such as Gentex (US), Samvardhana Motherson Reflectec (Germany),
Magna (Canada), Ficosa (Spain), Murakami (Japan), and others. These automotive
manufacturers supply auto dimming mirrors to automotive OEMs such as Volkswagen
(Germany), General Motors (US), and Ford Motor (US).
Target Audience
-
Auto dimming mirror manufacturers and component
suppliers
-
Distributors and suppliers of auto dimming
mirrors
-
Automotive OEMs
-
Industry associations and other driver
assistance systems manufacturers
-
The automobile industry and related end-user
industries
The auto dimming mirror market is projected to grow at a
CAGR of 3.20% from 2017 to 2025, to reach a market size of USD 2.11 Billion by
2025. The increasing awareness about vehicle and passenger safety is expected
to drive the demand for auto dimming mirrors. The safety of passengers and
vehicles has become the prime concern for vehicle buyers. According to the
global status report on road safety 2015, more than 1.2 million road traffic
deaths occur each year globally. To reduce these accidents, OEMs are
integrating different safety features in automotive mirrors. This integration
of safety features is expected to drive this market.
The outer mirror segment is the fastest growing segment of
the auto dimming mirror market, during the forecast period. The use of outer
dimming mirrors is imperative in all types of vehicles. Passenger cars commonly
have two outer dimming mirrors. However, in the case of LCVs, the number of
outer dimming mirrors is higher than passenger cars. Outer dimming mirrors
often comprise features such as blind spot detection and turn signal indicator.
OEMs are increasingly offering these features in outer dimming mirrors.
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