Global Automotive Mirror Dimming Market, By Fuel Type (Battery Electric Vehicle (BEV), Internal Combustion Engine (ICE) and Hybrid Vehicle), Application (Inside Rear-View Mirror (IRVM) and Outside Rear-View Mirror (ORVM)), Vehicle Type (Passenger Vehicle and Commercial Vehicle), Functionality (Connected and Non-Connected), Material (IR-PVB, Metal Coated and Tinted), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Global Automotive Mirror Dimming Market
Data Bridge Market Research analyses that the automotive mirror dimming market would exhibit a CAGR of 5.30% for the forecast period. Rising demand for efficient safety norms in automobiles, passenger vehicles on the roads and luxury and safety features in passenger cars are the major factors attributable to the growth of the automotive mirror dimming market.
Automotive mirrors are an essential visual aid for driving safely. Automotive mirror dimming controls and eliminates the glare, thereby improving the visibility. From the name itself, it is clear that the driver need not adjust inside rear-view mirror (IRVM) and outside rear-view mirror (ORVM). This automated safety system ensures maximum comfort along with ensuring the safety. The most important role of automotive mirror dimming comes into play during night or during low vision. The automotive mirror dimming are can detect low light from the headlights and make adjustments in the inside rear-view mirror (IRVM) and outside rear-view mirror (ORVM) accordingly. This is because of the sensors embedded in the mirrors. Poor lighting makes the sensors search for a brighter source of light and the rest of the functions thereon are automated.
Rising prevalence of accidents especially during night and low vision hours globally has resulted in growth in the demand for automotive mirror dimming technology. Rising demand for effective safety mechanisms in automobiles couples with rising technological advancements to improve the safety quotient by the manufacturers will also create lucrative growth opportunities for the automotive mirror dimming market. Overall growth and expansion of automotive industry is also indirectly promoting the growth of automotive mirror dimming market.
However, high costs as compared to the conventional mirrors will pose a major challenge to the growth of automotive mirror dimming market. The installation of automotive mirror dimming in the vehicles also leads to the increase in the value of the vehicle and not everyone can afford to invest into them.
This global automotive mirror dimming market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive mirror dimming market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Mirror Dimming Market Scope and Market Size
The global automotive mirror dimming market is segmented on the basis of fuel type, application, vehicle type, functionality and material. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of fuel type, the automotive mirror dimming market is segmented into battery electric vehicle (BEV), internal combustion engine (ICE) and hybrid vehicle.
- On the basis of application, the automotive mirror dimming market is segmented into inside rear-view mirror (IRVM) and outside rear-view mirror (ORVM).
- On the basis of vehicle type, the automotive mirror dimming market is segmented into below passenger vehicle and commercial vehicle. Commercial vehicle segment is sub-segmented into light commercial vehicles and heavy commercial vehicles.
- On the basis of functionality, the automotive mirror dimming market is segmented into connected and non-connected
- On the basis of material, the automotive mirror dimming market is segmented into IR-PVB, metal coated and tinted.
Global Automotive Mirror Dimming Market Country Level Analysis
The global automotive mirror dimming market is analysed and market size insights and trends are provided by country, fuel type, application, vehicle type, functionality and material as referenced above.
The countries covered in the automotive mirror dimming market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific lion’s the automotive mirror dimming market and will witness the highest CAGR during the forecast period as well. Rising demand for luxury features in the passenger cars is fostering the growth of automotive mirror dimming market in this region.
The country section of the automotive mirror dimming market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Mirror Dimming Market Share Analysis
The automotive mirror dimming market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive mirror dimming market.
The major players covered in the automotive mirror dimming market report are Ficosa Internacional SA, FLABEG Automotive Glass Group GmbH, GENTEX CORPORATION, HondaLockMfg. Co., Ltd., Konview Electronics Corporation Limited, Magna International Inc., Murakami Corporation., Motherson., GLOBAL MEIDA INDUSTRY GROUP, TOKAIRIKA,CO, LTD., ICHIKOH INDUSTRIES,LTD., SL Corporation, Ford Motor Company, AUDI AG., BMW AG, Mercedes-Benz AG, Fiat Chrysler Automobiles, Rolls-Royce plc, DURA AUTOMOTIVE SYSTEMS. and Webasto Group among other domestic and global players.
Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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