Auto Dimming Mirror Market: Global Forecast until 2025

"Increasing awareness about passenger and vehicle safety and trend of integrating additional features in the mirror are anticipated to fuel the market demand for auto dimming mirrors"

The auto dimming mirror market is estimated to rise at a compound annual growth rate of ~3.2 percent during the forecast period, to attain a market size of ~$2.1B by 2025. The growing awareness about vehicle and passenger safety is driving the industry demand for additional features in mirrors including auto dimming. Because, upcoming technological trends in the mirror technology, including camera and mirror systems, may hamper the increase of the auto dimming mirror market.

"Passenger car is the quickest increasing vehicle segment of the auto dimming mirror market"

The passenger car segment is projected to dominate the auto dimming mirror market during the outlook period. The growth in the number of passenger cars, combined with the rising adoption of rear-view mirrors with auto dimming mirror is predicted to push the market for passenger cars segment of the auto dimming mirror market.

"Connected dimming mirror is the most important segment of the auto dimming mirror market"

Connected auto dimming mirrors stand for dimming mirrors integrated with different other features to offer safety and convenience to drivers while driving. As people prefer more advanced features in their vehicles, the connected dimming mirror is anticipated to be the biggest segment of the auto dimming mirror market.

"Asia-Pac is the quickest increasing auto dimming mirror market"

The Asia Pacific area is estimated to result the auto dimming mirror market due to the growing vehicle production in countries including China (CN) and India (IN). This increased vehicle production can be accredited to the growth in purchasing power of people due to quick industrialization in the territory. The vehicle production in these countries is expected to grow at a compound annual growth rate (CAGR) of 4 - 5.0 percent over the period of the next 5 years.

BREAKDOWN OF PRIMARIES

The market research includes industry insights specified by different market experts, ranging from equipment suppliers to Tier-1 firms and Original equipment manufacturers. The break-up of the primaries is like:

• By Company category: Tier-1 - 65.0 percent, Tier-2 - 25.0 percent, and OEM - 10.0 percent

• By Description: C-suite - 30.0 percent, D-suite - 30.0 percent, Others - 40.0 percent

• By Area: EU - 44.0 percent, Asia Pacific (APAC) - 35.0 percent, North America (NA) - 11.0 percent,

Segment Research

The auto dimming mirror market has been broken down by application, functionality (connected and non-connected), fuel type (BEV,ICE, and others, vehicle type (passenger cars and light commercial vehicles), area (Asia Pacific (APAC), Europe (EU), North America continent, and RoW). The sector has been projected in terms of quantity ('000 units) and value.

Why Purchasing This Study Can Help You:

This industry report includes several levels of analysis, including industry study (factor analysis and Porter's Five Forces) and company descriptions and competitive leadership mapping, which together comprise and examine the basic overviews on the emerging and high-growth segments of the auto dimming mirror market, opposing landscape, high-growth areas and territories, government actions, and market dynamics including drivers, market restraints, alternatives, and opportunities.

The market research allows new sector entrants/smaller companies to comprehend the industry better to help them to acquire a larger market share. Companies obtaining the industry report could use any one or an aggregation of the below-mentioned four strategies (industry development, product improvement/innovative projects, industry diversification, and opposing assessment) to enhance their rank in the sector.

The study offers business insights with reference to the following points:

• Market Development: The analysis offers highlighted information about profitable emerging sectors. The market research examines the auto dimming mirror market for all vehicle types across localities.

• Product Development/Innovative products: The industry report affords in-depth understanding into Research&development activities, up-on-coming technologies, and recent product launches in the auto dimming mirror market for all vehicle types.

• industry diversification: The study offers exhaustive information about untapped sectors, market investments, recent products, and recent evolutions in the auto dimming mirror market.

• opposing assessment: The analysis affords an detailed assessment of strategies, products, and manufacturing competences of key players in the auto dimming mirror market.

• Competitive Leadership Review: The market research offers company-level mapping of net sales, increase rate of a company's net sales, global regional presence, company's presence/plans in emerging countries, mapping of inorganic and organic developments, company's presence in the OE and aftermarket segments, product offerings, new industry product developments in recent years, and R&D expenditure.