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Pulished Date February, 2021
ID: 11205
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Auto Dimming Mirror Market Segmentation By Application (Inside Mirror, Outside Mirror), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Fuel Type (ICE, Hybrid, Electric) - Industry Analysis, Share, Growth, and Forecast 2021 -2026

Pulished: February, 2021
ID: 11205
Pages: 175

Auto Dimming Mirror Market Size, Trends & Growth (2021 - 2026)

Auto-dimming mirrors help eliminate glare from a vehicle's headlights allowing the driver to stay focused and drive safely. These mirrors are equipped with sensors capable of detecting the poor brightness of the headlights and acting accordingly. The mirrors automatically darken in proportion to the brightness emitted by the headlights and then disappear once the brightness disappears. For adjustable mirrors, OEMs use electrochromic technology in which electricity is passed through a low-voltage power source to tint the glass. Also, electricity passes through an electrochromic gel that is placed between two pieces of glass. Interior mirrors are typically self-dimming mirrors that can come with a compass and temperature display system, and few advanced interior mirrors are equipped with headlight monitoring sensors. The intensity of the light is sensed by sensors attached to the vehicle's front or rear mirror, making auto-dimming mirrors more effective. The dimming of the interior and exterior mirrors is controlled by sensors in the interior mirrors, which are activated when the brightness of the light decreases.

The development of the worldwide auto-dimming mirror market is credited to the expanding consolidation of auto-dimming mirrors in vehicles lately. The auto-dimming back view reflect in a vehicle guarantees security, particularly for the driver when driving in territories where there is practically zero light. The accessibility of these items with ease and in a wide assortment of models are among the key elements driving the development of the global Auto Dimming Mirrors market. The worldwide auto dimming mirror market is estimated to develop at a CAGR of 3% during the conjecture period from 2021 to 2026.

Recent Developments:

  • To enhance the security of connected car functionality, Gentex's on-board biometric system authenticates the driver with an iris scan to provide personalized safety, comfort and convenience features. The system consists of an integrated mirror display, near infrared transmitters, iris scan camera, and system-level intelligence.
  • Magna International Inc. sold its interior business to a separate company known as Intier Automotive. In late June, Magna took another bold step by acquiring one of its loyal suppliers, Donnelly Corp., which sells door, window, mirror, and mirror component handles to Magna.

IMPACT OF COVID-19 ON AUTO DIMMING MIRROR MARKET:

Because of the negative effect of coronavirus, a portion of the non-clinical manufacturing organizations have begun producing clinically related items, for example, masks, ventilators, and related segments, sanitizer, and others. This is one such approach to limit the effect of COVID-19 by manufacturing organizations. Be that as it may, this is certainly not a drawn-out methodology for endurance, and organizations need to concentrate on advancement to endure the pandemic. Since assembling enterprises have endured a significant shot, it will be trying to achieve the market size assessed pre-COVID-19 by 2025.

Progressing vulnerabilities will sharply affect the portability part. Buyer traffic in physical showrooms is relied upon to plunge with an up to 20% drop in new vehicle deals in 2020. Mutual portability has endured the biggest shot, with a 50-55% drop in business. Interest for vehicle overhauling and parts, momentary vehicle rentals, and shared portability administrations will disappear steeply. Angering the circumstance is a previously debilitated buyer demand because of a drop in private speculation and a financial emergency, making it hard to get to credit. Generally speaking, vehicle deals are relied upon to keep dropping in 2021, with the car business expected to recuperate by 2022. The ongoing reaction against Chinese assembling could introduce an open door for India, particularly as an elective supply chain market for hardware assembling and auto segments.

Drivers and Restraints of Auto Dimming Mirror Market:

Drivers:

Increasing consumer preference for wider and safer visibility is driving the growth of auto-dimming mirrors. In addition, a growing number of passenger cars, as well as utility vehicles, is increasing market growth. Manufacturers use auto-dimming mirrors as a differentiator to attract the potential buyer, which in turn drives market growth. Features built into the dimming mirrors, such as temperature display, hands-free connectivity, Bluetooth, and navigation, are expected to grow at the highest rate of the auto-dimming mirror during the outlook period.

Restraints:

However, the high cost of the auto-dimming mirror limits the growth of the business. An increasing focus on including auto-dimming rearview mirrors as built-in features in small and mid-segment vehicles to provide advanced safety and convenience features is estimated to provide potential opportunities in the auto-dimming mirror industry.

Auto Dimming Mirror Market Segmentation:

By Application

  • Inside Mirror
  • Outside Mirror

By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

Increasing consumer preference for wider and safer visibility is driving the growth of auto-dimming mirrors. In addition, a growing number of passenger cars, as well as utility vehicles, is increasing market growth. Manufacturers use auto-dimming mirrors as a differentiator to attract the potential buyer, which in turn drives market growth.

By Fuel Type

  • ICE
  • Hybrid
  • Electric

Auto Dimming Mirror Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

The North American market is expected to experience significant growth over the next 10 years. The US market is an important source of income in the region due to the increase in vehicle manufacturing and the increasing installation of advanced features in vehicles. The European market is also supposed to record a high growth rate over the next ten years, as countries such as the UK, Italy and Germany have thriving auto industries. The Asia-Pacific region is estimated to account for the majority of revenue for the foreseeable future. This is attributed to the increase in vehicle production and sales in the region in recent years. The Chinese market will contribute greatly to the region's revenue. China has a large manufacturing base for affordable vehicles equipped with the latest technology. India and South Korea are other major contributors to revenue as well, as these countries have lucrative auto industries. However, the Indian market is determined to see slower growth in the coming years.

Key Players of Market:

The report provides keys of the organizations in the global auto-dimming mirror market such as Ficosa Internacional SA, Ichikoh Industries, Ltd, Murakami Co., Ltd., Magna International Inc., Samvardhana Motherson Group, Gentex Corporation, Tokairika Co., Ltd., SL Corporation, Shenzhen Germid Co., Ltd., and Honda Lock Mfg. Co., Ltd.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Auto Dimming Mirror Market, By Vehicle Type                

                    6.1.1 Passenger Vehicle    

                    6.1.2 Commercial Vehicle 

                    6.1.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Auto Dimming Mirror Market, By Application                  

                    6.2.1 Inside Mirror  

                    6.2.2 Outside Mirror         

                    6.2.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Auto Dimming Mirror Market, By Fuel Type          

                    6.3.1 ICE      

                    6.3.2 Hybrid 

                    6.3.3 Electric

                    6.3.4 Market Size Estimations & Forecasts (2021-2026)        

                    6.3.5 Y-o-Y Growth Rate Analysis         

                    6.3.6 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Vehicle Type        

                    7.2.3 By Application

                    7.2.4 By Fuel Type  

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Vehicle Type        

                    7.3.3 By Application

                    7.3.4 By Fuel Type  

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Vehicle Type        

                    7.4.3 By Application

                    7.4.4 By Fuel Type  

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Vehicle Type        

                    7.5.3 By Application

                    7.5.4 By Fuel Type  

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Vehicle Type        

                    7.6.3 By Application

                    7.6.4 By Fuel Type  

8. Key Player Analysis                           

          8.1 Ficosa Internacional SA                   

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Ichikoh Industries, Ltd          

          8.3 Murakami Co., Ltd                

          8.4 Magna International Inc                  

          8.5 Samvardhana Motherson Group                 

          8.6 Gentex Corporation               

          8.7 Tokairika Co., Ltd                 

          8.8 SL Corporation            

          8.9 Shenzhen Germid Co., Ltd              

          8.10 Honda Lock Mfg. Co., Ltd              

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Auto Dimming Mirror Market By Region, From 2021-2026 ( USD Billion )
  2. Global Auto Dimming Mirror Market By Vehicle Type, From 2021-2026 ( USD Billion )
  3. Global Passenger Vehicle Market By Region, From 2021-2026 ( USD Billion )
  4. Global Commercial Vehicle Market By Region, From 2021-2026 ( USD Billion )
  5. Global Auto Dimming Mirror Market By Application, From 2021-2026 ( USD Billion )
  6. Global Inside Mirror Market By Region, From 2021-2026 ( USD Billion )
  7. Global Outside Mirror Market By Region, From 2021-2026 ( USD Billion )
  8. Global Auto Dimming Mirror Market By Fuel Type, From 2021-2026 ( USD Billion )
  9. Global ICE Market By Region, From 2021-2026 ( USD Billion )
  10. Global Hybrid Market By Region, From 2021-2026 ( USD Billion )
  11. Global Electric Market By Region, From 2021-2026 ( USD Billion )

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