The new report by Expert Market Research titled, ‘Global Auto Dimming Mirror Market Size, Trends, Growth, Price, Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global auto dimming mirror market, assessing the market based on its segments like types, glass types, vehicle types, fuel type, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/auto-dimming-mirror-market/requestsample
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020):USD 1.97 billion
- Forecast CAGR (2023-2028):4.7%
- Forecast Market Size (2026):USD 2.6 billion
The global auto dimming mirror market is being driven by the growing demand for advanced features in automobiles. This can be attributed to the rising levels of income globally, and, hence, the increasing willingness to make extra expenditures on advanced features. Additionally, the growing sales of premium vehicles also have a positive impact on the auto dimming mirror market.
The developing regions like India and China are further contributing to the market growth. Over the forecast period, increasing need for safety in automobiles owing to the stringent government rules regarding road safety and the growing R&D activities by the key players are expected to further propel the auto dimming mirror market growth.
Industry Definition and Major Segments
Auto dimming mirrors carry out the critical task of reducing glare resulting from the headlights of the vehicle just behind. These mirrors greatly improve the visibility for the driver.
Auto dimming mirrors are equipped with some sensors that detect the light from headlights of the vehicle just behind, and execute a process called electrochromism to eliminate the glare. Moreover, these mirrors are often packed with several secondary features like safety camera systems, compass, among others.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/auto-dimming-mirror-market
Based on type, the industry can be segmented into:
- Connected
- Non-Connected
The market is divided based on glass type into:
- Smart Glass
- SPD Glass
- Photochromatic Glass
- Liquid Crystal
- Thermotropics
- Electrochromic
- Others
On the basis of fuel type, the industry can be categorised into:
- Internal Combustion Engine
- Electric
- Hybrid
By application, the market is divided into:
- Inside Rear-View Mirror
- Outside Rear-View Mirror
Regionally, the market can be segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The growing R&D activities and new product launches by the major industry players are expected to significantly contribute to the industry growth in the forecast period. This, coupled with the rising awareness regarding road safety will aid the industry growth. Some key recent developments in the industry hold the potential to boost the market growth.
For instance, in November 2019, Gentex Corporation released three new products at the SEMA show of 2019. One of these products was a brand-new auto dimming mirror equipped with an integrated HomeLink button and home automation system based on cloud. Hence, critical developments like these can help in shaping up the auto dimming mirror market.
Key Market Players
The major players in the market are Gentex Corporation, Magna International Inc., Ficosa Internacional SA, Shenzhen Germid Co. Ltd., and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Fleet Management Market: https://www.expertmarketresearch.com/reports/fleet-management-market
Air Purifier Market: https://www.expertmarketresearch.com/reports/air-purifier-market
Precast Concrete Market: https://www.expertmarketresearch.com/reports/precast-concrete-market
Simulation Software Market: https://www.expertmarketresearch.com/reports/simulation-software-market
Thin Film Materials Market: https://www.expertmarketresearch.com/reports/thin-film-materials-market
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Media Contact:
Company Name: Claight Corporation
Contact Person: Alex Parker, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com