The major players in the auto dimming rear view mirror market are Ficosa International SA (Panasonic Corporation), Flabeg Automotive Glass Group GMBH, Gentex Corporation, Honda Lock Mfg. Co.Ltd. (Honda Motor Company Ltd), Konview Electronics Corporation Limited, Magna International Inc. .
New York, Sept. 22, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Auto-Dimming Mirror Global Market Report 2022″ – https://www.reportlinker.com/p06317652/?utm_source=GNW
Murakami Corporation, Shenzhen Germid Co., Samvardhana Motherson Group, Tokairika Co. Ltd., SL Corporation, Ichikoh Industries Ltd., Metagal Industria E-commercio Ltd, Fuyao Glass Industry Group Co.Ltd., Dura Automotive Systems, Webasto SE, and Glas Trösch Holding AG.
The global auto-dimming mirror market is expected to grow from USD 1.82 billion in 2021 to USD 1.98 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%. The auto-dimming mirror market is expected to reach $2.41 billion in 2026 with a CAGR of 5%.
The auto-dimming rear view mirror market consists of the sale of auto-dimming rear view mirrors by entities (organizations, individual traders and partnerships) which are used to improve visibility and safety at night while driving. Auto-dimming mirrors consist of a mirror and an electronic system that uses photo sensors to detect light from the front and rear.
These mirrors can attenuate the light reflected from their surface, greatly reducing the glare of light from following vehicles on busy roads at night.
The major fuel types in the auto-dimming mirror markets are internal combustion engines, hybrids, and electrics. Internal Combustion Engine (ICE) refers to the ignition and combustion of fuel that occurs within the engine itself.
Engines convert combustion energy into work. The engine consists of a fixed cylinder and a movable piston.
The different types of vehicles include passenger vehicles and commercial vehicles and involve several functions such as connected auto-dimming mirrors and non-connected auto-dimming mirrors. The different applications include interior mirror and exterior mirror.
Asia-Pacific was the largest region in the auto-dimming mirror market in 2021. North America is expected to be the fastest growing region during the forecast period.
Regions covered in the Auto Dimming Mirrors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Auto Dimming Mirror Solutions Market research report is part of a series of new reports that provide statistics on the Auto Dimming Mirror Solutions market, including global industry market size Auto Dimming Mirror Solutions, Regional Share, Competitors with Auto Dimming Mirror Solutions Market Share, Detailed Auto Dimming Mirror Solutions Market Segments, Market Trends and Opportunities, and any other data you may require to thrive in the Auto Dimming Mirror Solutions industry. This Auto Dimming Rearview Mirror Solutions Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The boom in the automotive industry is expected to propel the growth of the auto-dimming rear view mirror market. The automotive industry refers to the design, development and manufacture of motor vehicles.
These mirrors are used in vehicles to reduce the glare of light from other vehicles and thus prevent the driver from being distracted. For example, according to the India Brand Equity Foundation, a government export agency based in India, in May 2022, auto sales in India increased by 5.8% or 18.49 million units, compared to 17.47 million units in 2020. Additionally, the premium automobile industry sold 2,259 units in December 2021, an increase of 19.7% from 2020. Hence, the growth of automotive industry is driving the growth of the auto-dimming rear view mirror market.
Technological innovations have become the key trend gaining popularity in the auto dimming market. Major companies operating in the auto dimming industry are focusing on introducing new technologies to maintain their position in the market.
For example, in August 2019, Gentex, an American company that develops, designs and manufactures auto-dimming rear view mirrors, released the latest version of its HomeLink home automation system that runs on Bluetooth. controls a variety of radio frequencies using the cloud-based home automation technology that makes up the system.
Additionally, the company has created an application that enables the operation of cloud-based devices.
In October 2021, Motherson Sumi Systems Limited, an India-based automotive component manufacturer, acquired Nanchang JMCG Mekra Lang Vehicle Mirror for an undisclosed amount. This acquisition would help SMR Group grow in the utility vehicle category.
In addition, it would allow SMR to explore further expansion opportunities in this region and strengthen the company’s presence in a growing market. Nanchang JMCG is a China-based vehicle mirror manufacturer.
Countries covered in the Auto Dimming Mirrors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea , the United Kingdom and the United States.
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