What is Global Automotive Auto Dimming Mirror Market?
The Global Automotive Auto Dimming Mirror Market is a specialized and in-depth study of the automotive industry with a special focus on the global market trend analysis. The auto-dimming mirror is a key component in vehicles, designed to reduce glare for the driver. It's an innovative technology that automatically dims the mirror when it detects bright light from the rear of the vehicle. This technology has been increasingly adopted in the automotive industry due to its safety benefits, especially for night-time driving. The auto-dimming mirror market is part of the broader automotive industry and includes both outer and inside mirrors.
Outer Auto Dimming Mirror, Inside Auto Dimming Mirror in the Global Automotive Auto Dimming Mirror Market:
The Global Automotive Auto Dimming Mirror Market is segmented into two main types: Outer Auto Dimming Mirror and Inside Auto Dimming Mirror. The Outer Auto Dimming Mirror is installed on the exterior of the vehicle and provides the driver with a clear rear view. It is designed to automatically adjust its brightness level to minimize the glare from the headlights of the vehicles behind. On the other hand, the Inside Auto Dimming Mirror is installed inside the vehicle and provides the driver with a clear view of the interior of the vehicle. It also adjusts its brightness level to minimize the glare from the interior lights of the vehicle. Both types of auto-dimming mirrors are essential for ensuring the safety and comfort of the driver.
Passenger Vehicle, Commercial Vehicle in the Global Automotive Auto Dimming Mirror Market:
The Global Automotive Auto Dimming Mirror Market finds its applications mainly in two areas: Passenger Vehicle and Commercial Vehicle. In the Passenger Vehicle segment, the auto-dimming mirror is used to enhance the safety and comfort of the passengers. It helps in reducing the glare from the headlights of the vehicles behind, thereby ensuring a safe and comfortable ride for the passengers. In the Commercial Vehicle segment, the auto-dimming mirror is used to enhance the safety and efficiency of the commercial vehicles. It helps in reducing the glare from the headlights of the vehicles behind, thereby ensuring a safe and efficient operation of the commercial vehicles.
Global Automotive Auto Dimming Mirror Market Outlook:
The Global Automotive Auto Dimming Mirror Market has shown significant growth in recent years. In 2022, the market was valued at US$ 2052.4 million and is expected to reach US$ 3059.7 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period from 2023 to 2029. The market is dominated by the top eight manufacturers, who accounted for about 99% of the total revenue in 2018. This indicates a high level of market concentration, with a few key players holding a significant share of the market.
| Report Metric | Details |
| Report Name | Automotive Auto Dimming Mirror Market |
| Accounted market size in 2022 | US$ 2052.4 million |
| Forecasted market size in 2029 | US$ 3059.7 million |
| CAGR | 5.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Gentex, Magna, Tokai Rika, Ichikoh (Valeo), Murakami, Sincode, SL Corporation, Germid |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
