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2020
Auto Dimming Mirror Market

Auto Dimming Mirror Market

by Application (Inside Rear-View Mirror and Outside Rear-View Mirror), Vehicle Type (Passenger Vehicle and Commercial Vehicle), and Fuel Type (ICE, Hybrid, and Electric): Global Opportunity Analysis and Industry Forecast, 2019-2026
Update Available On-Demand

Report Code: A05256
Pages: 217
Feb 2020 | 6722 Views
Author(s) : Lalit K , Sonia M
Tables: 94
Charts: 58
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Auto Dimming Mirror Market Statistics - 2026

The global auto dimming mirror market size was valued at $1.86 billion in 2018, and is projected to reach $2.77 billion by 2026, registering a CAGR of 5.3% from 2019 to 2026. Asia-Pacific accounted for the highest share in 2018, and is anticipated to maintain its lead in the global auto dimming mirror market throughout the forecast period.

An auto dimming mirror controls or eliminates any glare caused by headlights of a tailing vehicle, thereby improving visibility of drivers to drive safely. These mirrors are equipped with sensors, which detect light from the headlights of tailing vehicles, which through a process, called electrochromism, eradicate the glare by darkening the mirror.  These types of mirrors comprise various advanced sensors and electrochromic material, which absorbs and reflects light in a different manner, when an electric voltage is passed through it. These sensors search for a brighter source of light during night or in bad light. When they detect a change in the intensity of the light, they generate an electric charge via a low voltage power supply, housed inside the interior of the mirror. This electric charge then travels through the electrochromic material and controls the dimming of interior and exterior mirrors.  Auto dimming mirrors form an integral part of a vehicle, as it greatly increases safety of passengers as well as drivers. Furthermore, these types of mirrors can also house variety of features such as microphone, compass, and safety camera systems.

Auto Dimming Mirror Market

Rise in demand for advanced features, coupled with the surge in the automotive industry propels the growth of the auto dimming mirror market. In addition, increase in need for safety in automobiles also boosts the growth of market. However, high cost compared to conventional mirrors hinders the market growth. Further, production of cloud based auto dimming mirrors is anticipated to provide a remarkable growth opportunity for the players operating in the auto dimming mirror market.

Auto Dimming Mirror Market
By Application

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Outside rear-view market is projected as the most lucrative segments

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The global auto dimming mirror market is segmented into application, vehicle type and fuel type, and region. Depending on application, the market is divided into inside rear-view mirror and outside rear-view mirror. On the basis of vehicle type, it is categorized into passenger vehicle and commercial vehicle. Fuel type is categorized as internal combustion engine, hybrid, and electric. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Auto Dimming Mirror Market
By Vehicle Type

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Commercial vehicle is projected as the most lucrative segments

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The key market players profiled in the report include Ficosa, Flabeg, Gentex corporation, Honda Lock, Konview, Magna, Murakami Corporation, SAMVARDHANA MOTHERSON GROUP, Shenzhen Germid Co., Ltd., and Tokairika, Co, Ltd. hold the major auto dimming mirror market share.

Increase in demand for advanced features

Increase in demand for advanced features such as dimming mirrors, LED headlights, parking assists, and lightning assists in a vehicle is expected to boost the demand for auto dimming mirrors worldwide. Although, addition of these advanced features increase the overall cost of the vehicle, consumers are prepared to spend more to have access on advanced, convenient, and comfortable features. Increasing sales of premium vehicles also have a positive impact on the global auto dimming market. Sales of premium products by automotive OEMs have been strong with manufacturers such as Ferrari, Mercedes, BMW, and Volvo – all reporting positive growth in their sales in 2018. Significant growth in the automotive sector is also expected to boost the demand for auto dimming mirrors globally. For instance, according to India Brand Equity Foundation (IBEF), the automotive industry in India was ranked 4th in the world with sales of 4.02 million units in 2017. According to the same source, automobile exports grew by 14.5% during 2018 to 2019 and are estimated to grow at a CAGR of 3.05% during 2016 to 2026. Thus, increasing demand for advanced features, coupled with growing automotive industry is anticipated to propel the growth of the auto dimming mirror market.

Auto Dimming Mirror Market
By Fuel Type

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Electric is projected as the most lucrative segments

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Rise in need for safety in automobiles.

Stricter government regulations coupled with increasing demand for passenger safety is anticipated to create strong momentum for penetration of auto dimming mirrors during the forecast period. As stated by the World health organization (WHO), 1.25 million people died in 2013 due to road accidents. Accidents can be averted by increasing vehicle safety. Auto dimming mirror systems help in preventing accidents as they provide a wider range of visibility to driver, while reducing the strain from headlights of tailing vehicles. Moreover, increasing government regulations are also expected to propel the growth of the auto dimming mirror market. The National Highway Traffic Safety Administration (NHTSA), agency of the U.S. federal government proposed changes encompassing assessment of crash-avoidance technologies, such as blind spot detection and lower beam headlamp performance. Major auto dimming glass manufacturers offer products with features such as blind spot detection to prevent accidents. For instance, Gentex, Samvardhana Motherson Reflectec (SMR) offers mirrors which include features such as side blind zone indicators, turn signal indicators, and courtesy lighting. Thus, rise in need for safety features in automobiles propels the growth of market.

Auto Dimming Mirror Market
By Region

2026
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 6.5% during 2019-2026.

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High cost as compared to conventional mirrors

Use of auto dimming mirror with additional features such as parking assist, lightning assist, blind spot detection, and Homelink increases the overall cost of the mirror as these additional features require additional sensors and display systems. Moreover, connected auto dimming mirror requires complex linking of electronic systems and thus, makes it difficult for Do-It-Yourself (DIY) installation. Conventional mirrors are relatively cheaper and easier to install than auto dimming mirrors. Furthermore, rise in adoption of display and camera-based systems by various OEMs is also expected to negatively affect the market. Thus, high cost, tedious installation procedures, and availability of substitutes such as display and camera-based systems are expected to restrain the growth of the global auto dimming mirrors market.

Production of cloud based auto dimming mirror

Increasing trend of including Internet of Things (IoT) and cloud-based features such as blind spot detection, Bluetooth and hands-free connectivity, navigation systems, temperature displays, tire pressure displays, wireless controls to operate gates, garage doors, home lighting, and other home automation features in auto dimming mirrors is expected to create lucrative opportunities in the global auto dimming mirror market. Various companies are focused on developing new products with these features to be competitive in the global market. For instance, in November 2019, Gentex Corporation, launched three new products at the SEMA show 2019. Among these products, the company launched a brand-new auto-dimming mirror with cloud-based home automation system and integrated HomeLink button capable of operating through radio frequency. Thus, production of cloud based auto dimming mirror is anticipated to provide remarkable growth opportunity for players operating in the auto dimming mirror market. 

Key Benefits for Stakeholders

  • This study presents the analytical depiction of the global auto dimming mirror market analysis along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market opportunity is determined by understanding the profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global auto dimming mirror market with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2018 to 2026 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Auto Dimming Mirror Market Report Highlights

Aspects Details
BY APPLICATION
  • Inside rear-view mirror
  • Outside rear-view mirror
BY VEHICLE TYPE
  • Passenger Vehicle
  • Commercial Vehicle
BY FUEL TYPE
  • Internal combustion engine
  • Hybrid
  • Electric
BY REGION
  • North America  (U.S, Canada, Mexico)
  • Europe  (UK, Germany, Italy, France, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Ficosa Internacional SA (Panasonic), Flabeg Automotive Holding GMBH, Gentex Corporation, Honda Lock, Konview, Magna International Inc, Murakami Corporation, Shenzhen Germid Co., Ltd, SAMVARDHANA MOTHERSON GROUP, TOKAIRIKA, CO, LTD
 

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The auto dimming mirrors are divided into two categories namely inside rear-view mirror and outside rear-view mirror. The inside rear-view mirror is fitted inside of the car and are usually equipped with two sensors – an ambient sensor and a glare sensor. These mirrors often include additional electronic features such as microphones, lighting assist, HomeLink, driver assist, forward safety camera systems, compass, various lighting systems, wide variety of displays, and an ITM system. Outside rear-view mirrors are powered by interior electrochromic rear-view mirrors. The outside mirrors usually range in shapes and sizes as per the specification of automakers. These mirrors can also include additional features such as side blind zone indicators, turn signal indicators, and courtesy lighting.

The factors such as increasing demand for advanced features coupled with growing automotive industry and increasing need for safety in automobiles drive the growth of the auto dimming mirror market. However, high cost compared to conventional mirrors is expected to hinder the growth of the market. Further, production of cloud based auto dimming mirror is anticipated to provide lucrative growth opportunity for the key players operating in the auto dimming mirror market.

Among the analyzed regions, currently, Asia-Pacific is the highest revenue contributor, and is expected to maintain the lead during the forecast period, followed by Europe, North America, and LAMEA.

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FREQUENTLY ASKED QUESTIONS?

A. The global auto dimming mirror market was valued at $1,857.61 million in 2018, and is projected to reach $2,774.89 million by 2026, registering a CAGR of 5.3% from 2019 to 2026

A. Asia-Pacific and Europe collectively accounted for around 70.9% share in 2018, with the former constituting around 43.3% share in global auto dimming mirror market.

A. The report sample for auto dimming mirror market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report

A. The leading Players in construction auto dimming mirror market includes Ficosa, Flabeg, Gentex corporation, Honda Lock, Konview, Magna, Murakami Corporation, SAMVARDHANA MOTHERSON GROUP, Shenzhen Germid Co., Ltd., and Tokairika, Co, Ltd.

A. Factros such as rise in demand for advanced features, coupled with the surge in the automotive industry propels the growth of the auto dimming mirror market.

A. The data of the top market players of auto dimming mirror market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the auto dimming mirror market as well as their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.

A. The global auto dimming mirror market is segmented into application, vehicle type and fuel type, and region

A. Asia-Pacific and Europe will provide more business opportunities for auto dimming mirror in coming years.

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