Auto Dimming Mirror Market Size & Share, by Vehicle Type (Passenger Vehicle, Commercial Vehicle), Fuel Type (ICE, Hybrid, Electric) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4959
  • Published Date: May 30, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights over 2023-2035

Auto Dimming Mirror Market size is projected to cross USD 25 billion by the end of 2035, growing at a CAGR of 9% between 2023 and 2035. In the year 2022, The industry size of auto dimming mirror was over USD 10 billion. 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.


Auto Dimming Mirror Market
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Auto Dimming Mirror Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Focus on Safety – The demand for auto dimming mirror market is driven by the need to enhance driver safety by reducing glare from headlights, thereby improving visibility and reducing the risk of accidents. According to the data reported by the World Health Organization (WHO), each year road traffic accidents result in approximately 1.35 million fatalities across the globe.
  • Increasing Consumer Awareness – With growing awareness about the importance of safety features in automotive, consumers are increasingly demanding advanced safety technologies, including auto dimming mirrors.
  • Technological Advancements – Continuous advancements in electrochromic technology, mirror manufacturing processes, and integration of sensors have improved the performance and reliability of auto dimming mirrors. For instance, the integration of advanced sensors enables auto dimming mirrors to detect ambient light conditions and adjust reflectivity accordingly, providing a seamless and effective solution.

Challenges

  • Cost and Affordability – Auto dimming mirrors can be more expensive compared to conventional mirrors, primarily due to the incorporation of electrochromic technology and sensors. The higher cost of auto dimming mirrors can pose a challenge for price-sensitive consumers and manufacturers aiming to keep vehicle costs competitive.
  • Integration and Compatibility
  • Competition and Market Fragmentation

Auto Dimming Mirror Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 9%

Base Year Market Size (2022)

~ USD 10 Billion

Forecast Year Market Size (2035)

~ USD 25 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
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Auto Dimming Mirror Segmentation

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 global market includes the following segments:

        Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

        Fuel Type

  • ICE
  • Hybrid
  • Electric

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Auto Dimming Mirror Industry - Regional Synopsis

APAC Market Statistics

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 Forecast

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.

Research Nester
Auto Dimming Mirror Market Size
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Companies dominating the Auto Dimming Mirror Landscape

top-features-companies
    • Gentex Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Magna International Inc.
    • Samvardhana Motherson Reflectec (SMR)
    • Ficosa International
    • Murakami Corporation
    • Tokai Rika Co., Ltd.
    • Ichikoh Industries, Ltd.
    • Mitsuba Corporation
    • FLABEG Automotive Holding GmbH
    • Metagal Industria e Comercio LTDA

In-the-news

In The News

  • Gentex Corporation, and Aston Martin announced today that they have collaborated on the development of a camera-based rear vision system for future Aston Martin vehicles that significantly increases a driver's capacity to monitor traffic to the vehicle's rear and sides.
  • Magna International, has formed a joint venture with LG Energy Solution, a leading battery manufacturer, to develop and manufacture battery enclosures for electric vehicles (EVs). The partnership aims to leverage Magna's expertise in automotive systems and LG Energy Solution's battery technologies to advance the development of high-performance and safe battery enclosures for the growing EV market.

Author Credits:  Harshita Srivastava, Saima Khursheed


  • Report ID: 4959
  • Published Date: May 30, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing vehicle production across the globe is the major factor driving the market growth.

The market size of auto dimming mirror is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2023-2035.

The increasing competition in the market is estimated to be the growth hindering factor for the market expansion.

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.

The major players in the market are Gentex Corporation, Magna International Inc., Samvardhana Motherson Reflectec (SMR), Ficosa International, Murakami Corporation, and others.

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.

The market is segmented by vehicle type, fuel type, and by region.

The electric segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Auto Dimming Mirror Market Report Scope
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