This study provides an overview of the global automotive mirror dimming market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
Report provides in-depth analysis of Automotive Mirror Dimming Industry by Fuel Type (Battery Electric Vehicle (BEV), Internal Combustion Engine (ICE) and Hybrid Vehicle), By Application (Inside Rear-View Mirror (IRVM) and Outside Rear-View Mirror (ORVM)), By Vehicle Type (Passenger Vehicle and Commercial Vehicle), By Functionality (Connected and Non-Connected) and By Region.
Top Mirror Dimming Manufacturers Competitive Landscape:
Mirror dimming market is volatile and highly competitive with the presence of some well-established vendors. The eminent players of the market include The key players in Mirror Dimming market are Gentex Corporation (U.S), Samvardhana Motherson Group (India), Magna International Inc. (Canada), Ficosa International S.A. (Spain), Ichikoh Industries, Ltd. (Japan), Murakami Corporation (Japan), TOKAIRIKA, CO, LTD. (Japan), SL Corporation (South Korea), Honda Lock Mfg. Co., Ltd. (Japan), FLABEG Automotive Holding GmbH (Germany), Global Media Industry Group Co. (China) and Konview Electronics Corporation Limited. (China).
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These market participants are continuously implementing various strategies such as mergers, partnership, collaboration, product launches, etc. to gain a substantial edge over the market. Competition in the Mirror Dimming market is heating up. As these key players are increasingly investing towards the development of new technology, many smaller companies will not be able to keep up with the technological pace.
Global automotive mirror dimming market augments the safety and ease of the driver, as they do not require the driver to adjust the inside rear-view mirror (IRVM) and outside rear-view mirror (ORVM). Automotive mirror dimming can control the movement of the rear-view mirror at flexible speed when the system is switched on. Improvement in the technological advancement, rise in production of vehicles, and increase in demand for luxury features are the key factors that drive the automotive mirror dimming market. Implementation of automotive mirror dimming is driven by the rise in use of advanced electrical features in vehicles. However, their demand has increased due to the rise in the number of road accidents, across the world. The overall cost of vehicles has increased due to the integration of advanced electrical feature, which acts as a restraint to the automotive mirror dimming market. The global automotive mirror dimming market is expected to grow at ~ 4% CAGR during the forecast period.
By Fuel Type:
Battery Electric Vehicle (BEV)
Internal Combustion Engine (ICE)
Inside Rear-View Mirror (IRVM)
Outside Rear-View Mirror (ORVM))
By Vehicle Type:
Rest of the World
The global automotive mirror dimming market is expected to witness a phenomenal growth during the forecast period. This is due to development of automotive manufacturing industries in developing economies such as China and India. Availability of low-cost automation in manufacturing and innovation in engineering, focus on fuel efficiency and sustainability, and the rising vehicle production levels, drive the market of automotive mirror dimming market. The Asia Pacific region is currently the leading region in global automotive mirror dimming market, and is followed by Europe and North America.
List of Tables:
Table 1 Mirror Dimming Market: By Region, 2017-2023
Table 2 North America Mirror Dimming Market: By Country, 2017-2023
Table 3 Europe Mirror Dimming Market: By Country, 2017-2023
Table 4 Asia Pacific Mirror Dimming Market: By Country, 2017-2023
Table 5 RoW Mirror Dimming Market: By Country, 2017-2023
Table 6 Mirror Dimming Market, By Body Type, By Regions, 2017-2023
Table 7 North America Mirror Dimming Market, By Body Type, By Country, 2017-2023
Table 8 Europe Mirror Dimming Market, By Body Type, By Country, 2017-2023
Table 9 Asia Pacific Mirror Dimming Market By Body Type, By Country, 2017-2023
Table 10 RoW Mirror Dimming Market By Body Type, By Country, 2017-2023
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List of Figures:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top Down & Bottom Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
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