Auto Dimming Mirror Market size is estimated to surpass USD 25 billion by the end of 2035, growing at a CAGR of 9% between 2023 and 2035. The industry size was over USD 10 billion in 2022. The market growth is mainly owing to the increasing vehicle production, particularly in emerging markets, leading to a higher volume of vehicles equipped with auto-dimming mirrors. In the year 2020, despite the impact of the COVID-19 pandemic, global vehicle production reached approximately 77 million units.
In addition to this, these mirrors use electrochromic technology, which involves the application of a gel or film containing a special chemical compound between two layers of glass. When an electrical current is applied to the mirror, the chemical compound changes its opacity, allowing the mirror to dim and reduce the intensity of reflected light. Auto-dimming mirrors are designed to automatically adjust the reflectivity of the mirror surface to reduce glare from the headlights of vehicles behind the driver.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~ 9% |
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Base Year Market Size (2022) |
~ USD 10 Billion |
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Forecast Year Market Size (2035) |
~ USD 25 Billion |
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Regional Scope |
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Growth Drivers
Challenges
Vehicle Type (Passenger Vehicle, Commercial Vehicle)
The passenger vehicle segment is set to hold the largest auto dimming mirror market share during the forecast period, led by increasing urbanization. Urbanization leads to increased demand for passenger vehicles as individuals seek personal transportation options for commuting, leisure activities, and convenience.
According to the United Nations, the global urban population is projected to reach 68% by the year 2050. The growing middle class, particularly in emerging economies, is driving the demand for passenger vehicles.
Fuel Type (ICE, Hybrid, Electric)
The electric segment in the auto dimming mirror market is poised to garner a significant growth rate through 2035. The growth of the segment can be accredited to environmental concerns and emission regulations. Increasing environmental awareness and concerns over air pollution and greenhouse gas emissions have driven the demand for electric vehicles (EVs).
Stringent emission regulations imposed by governments worldwide incentivize the adoption of electric fuel-type vehicles, as they produce zero tailpipe emissions. Many corporations and fleet operators are adopting electric vehicles as part of their sustainability goals and environmental commitments.
Our in-depth analysis of the auto dimming mirror market includes the following segments:
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Vehicle Type |
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Fuel Type |
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APAC Market Forecast
The auto dimming mirror market in the Asia Pacific region, is estimated to hold the largest market share by 2035. The regional growth is owing to the increasing vehicle production and sales in the region. As per the data reported in 2022, more than 35 million passenger cars were sold in the Asia- Pacific region. Rapid infrastructure development in the region has resulted in increased road traffic and the need for enhanced safety features.
North American Market Statistics
The North America auto dimming mirror market is anticipated to hold the second largest share between 2023 and 2035. The regional market demand can be ascribed to safety regulations and standards.
North America has stringent safety regulations and standards for vehicles, promoting the adoption of advanced safety features such as auto dimming mirrors. Consumers in North America increasingly seek vehicles with advanced features that provide a comfortable and convenient driving experience.
In the News
Author Credits: Harshita Srivastava, Saima Khursheed
Ans: Increasing vehicle production across the globe is the major factor driving the market growth.
Ans: The market size of auto dimming mirror is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2023 – 2035.
Ans: The increasing competition in the market is estimated to be the growth hindering factor for the market expansion.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are Gentex Corporation, Magna International Inc., Samvardhana Motherson Reflectec (SMR), Ficosa International, Murakami Corporation, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by vehicle type, fuel type, and by region.
Ans: The electric segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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