About Auto Dimming Mirror
The safety of passengers and vehicles has become a major concern for the riders. Rising awareness about vehicle and passenger safety is expected to drive the demand for auto-dimming mirrors. The auto-dimming mirror is a special type of rearview mirror that has the capability to dim the light. It also reduces the glare of light coming from trailing vehicles significantly thereby reducing driver fatigue. According to the World health organization (WHO), 1.25 million people die due to road accidents and millions get injured. Vehicles equipped with auto-dimming mirror systems are least expected to be involved in accidents or cause major injury as they provide safer and broader visibility to the driver.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
In order to improve their manufacturing capabilities, a number of big and small industry companies actively participate in the auto dimming mirror market. Numerous collaborations and partnerships with the government in the area of auto-dimming mirrors help to increase the leading businesses' market competencies. They now have a competitive advantage to keep their market share Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Auto Dimming Mirror market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Gentex (United States), Samvardhana Motherson Reflectec (Germany), Magna International, Inc. (United States), Murakami (Japan), Honda Motor Company (Japan), Ficosa International (Spain), ICHIKOH INDUSTRIES, LTD. (Japan), SL Corporation (South Korea), Flabeg (Germany), Germid (China) and Konview Electronics Corporation Limited (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Auto Dimming Mirror market by , Application (Inside Rear-View Mirror and Outside Rear-View Mirror) and Region.
On the basis of geography, the market of Auto Dimming Mirror has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fuel, the sub-segment i.e. BEV will boost the Auto Dimming Mirror market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Functionality, the sub-segment i.e. Connected Auto-Dimming Mirror will boost the Auto Dimming Mirror market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. Passenger Cars will boost the Auto Dimming Mirror market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. OEM will boost the Auto Dimming Mirror market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Dimming mirrors such as Temperature Display, Hands-Free Connectivity, Bluetooth, and Navigation are in Trend
Market Growth Drivers:
Rising Awareness About Auto-Dimming Mirrors in Inorder to Curb the Need the Night Accidents Due to Blind Spots on Highways, Increasing Consumer Preference for Safer and Broader Visibility and Usage of Auto-Dimming Mirrors By Oem's as A Differentiating Product
Challenges:
Auto-dimming mirrors tend to be more expensive than standard mirrors due to the incorporation of specialized technology
Restraints:
High Cost Associated With Auto-Dimming Mirror, Rising Use of Camera and Display Based Systems as A Mirror and Stringent Government Regulations Toward Automotive Safety Norms
Opportunities:
Integration of Infotainment and Navigation Applications and Other Advanced Features and rowing Focus of Mid and Small Segment Vehicles on Advanced Safety and Convenience Features
Market Leaders and their expansionary development strategies
A unique, multi-modal sensor technology was developed by an Israeli start-up, Guardian Optical Technologies, to provide a full range of driver- and cabin-monitoring solutions for the automotive industry. Gentex Corporation has announced the acquisition of Guardian Optical Technologies
By successfully acquiring Veoneer Active Safety from SSW Partners, Magna expands its active safety enterprise. The purchase, which was completed today, puts Magna as one of the few suppliers capable of addressing the rising complexity brought on by sophisticated software, system, and integration difficulties by providing customers with a full range of products
Key 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 and The automobile industry and related end-user industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.