According to a new market report published by Lucintel, the future of the global auto dimming mirror market looks promising with opportunities in the passenger car and light commercial vehicle segments. The global auto dimming mirror market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow at a CAGR of 4% from 2021to 2026. The major drivers for this market are integration of safety features in vehicles, which helps in preventing accidents.
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In this market, connected and non-connected are the major dimming mirrors used in passenger cars and light commercial vehicles. On the basis of comprehensive research, Lucintel forecasts that connected mirror will remain the largest segment, and it is also expected to witness the highest growth over the forecast period because of the incorporation of features, such as Bluetooth connectivity, travel calculation, weather condition, navigation, and temperature display.
Within the global auto dimming mirror market, the inside rear-view mirror segment is expected to witness the highest growth over the forecast period due to increasing penetration in automobiles coupled with additional safety features incorporated in them, such as weather condition, navigation, and temperature display.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to increasing vehicle sales, especially passenger cars in countries, such as China and India, and increasing preference for safety features.
Gentex, Samvardhana Motherson Reflectec, Magna, Ficosa, and Murakami are among the major suppliers of the auto dimming mirror market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global auto dimming mirror market by application, functionality, vehicle, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Auto Dimming Mirror Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global auto dimming mirror market by application, vehicle, functionality, and region, as follows:
By Application [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
Inside Rear-View Mirror
Outside Rear-View Mirror
By Vehicle [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
Passenger Cars
Light Commercial Vehicles
By Functionality [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
Connected Auto Dimming Mirror
Non-Connected Auto Dimming Mirror
By Region [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This XX-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
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