Overview of the global automotive auto dimming mirror market
Market research analysts at Technavio predict that the global automotive auto dimming mirror market will grow steadily during the next four years and in terms of units, will post a CAGR of more than 5% by 2021. This market research analysis identifies the introduction of auto dimming mirrors coupled with several vision-based safety systems to enhance safety as one of the primary growth factors for this market. Auto dimming mirrors detect the intensity of light and adjust accordingly. This reduces the glare on rear-view mirrors making night time driving safe for drivers. When coupled with other automotive safety systems such as blind spot detection and park assist systems, automotive dimming mirrors can augment driver comfort and safety. Moreover, it has been observed that drivers watch rear-view mirrors more frequently than the instrument panel and as a result, automotive manufacturers will start providing auto dimming mirrors as a standard fitment, propelling market growth in the coming years.
Manufacturers constantly focus on the development and integration of advanced technologies and few vendors already offer automotive automatic dimming mirrors with advanced features such as temperature readings, travel calculations, and weather conditions. The smart rear-view mirror offered by Nissan can switch between the LCD monitor and the conventional rearview mirror and comes with advanced features such as embedding electronics like cameras and sensors, internet connectivity, and touchscreen options.
Competitive landscape and key vendors
The market is characterized by the presence of a considerable number of auto dimming mirror manufacturers and is competitive. One of the major rearview mirror manufacturers Gentex, introduced the world's first electromechanical auto dimming mirrors and is a major player in the automotive industry. The company recently acquired Homelink from Johnson Controls and is currently working on integrating this technology in its auto dimming rearview mirrors. The mirror module offered by the company is quite cheap and has several advanced features such as a display, microphones, antennas, and camera to provide better performance and safety. The company currently dominates the market and supplies mirrors to several automotive companies including Audi, BMW, Chrysler, Fiat Automobiles, Ford Motor Company, GM, and Rolls-Royce.
The leading vendors in the market are -
- Gentex
- Magna International
- Samvardhana Motherson
- Ficosa
- Murakami
The other prominent vendors in the market are FLABEG, Honda Lock Manufacturing, Metagal Industria e Comercio, and Tokai Rika.
Segmentation by type and analysis of the automotive auto dimming mirror market
- Rear-view dimming mirror
- Side view dimming mirror
During 2016, the rear-view dimming mirror segment accounted for the major shares and dominated this market. The need for driver convenience in passenger cars and the rapid electrification of components that increases the adoption of advanced technologies to enhance comfort and safety, will drive the growth of the market in this segment. Analysts predict that due to the additional safety features, the coming years will witness an increased adoption of interior rear-view auto dimming mirrors than outside rear-view mirrors.
Geographical segmentation and analysis of the automotive auto dimming mirror market
This market study estimates that in terms of geographical regions, APAC will be the major revenue contributor to the market by the end of the forecast period. The growth of the passenger cars segment in the region and the shift in preference of customers from mileage to the availability of advanced features, will be major factors propelling the market’s growth prospects in APAC.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global automotive auto dimming mirror market?
- What are the key market trends impacting the growth of the global automotive auto dimming mirror market?
- What are the challenges to market growth?
- Who are the key vendors in the global automotive auto dimming mirror market?
- What are the market opportunities and threats faced by the vendors in the global automotive auto dimming mirror market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global automotive auto dimming mirror market?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
- Overview
- Working of dimming mirror
- Value chain of auto dimming mirror system
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by product
- Global automotive rear-view auto dimming mirror market
- Market size and forecast
- Global automotive side view auto dimming mirror market
- Market size and forecast
PART 07: Geographic segmentation
- Automotive auto dimming mirror market in APAC
- Automotive auto dimming mirror market in Americas
- Automotive auto dimming mirror market in EMEA
PART 08: Market drivers
- Auto dimming mirrors coupled with many vision-based safety systems to enhance safety
- Advances in technology of mirrors laced with sensors and display modules
- Growing focus on mid- and small- segment cars with advanced safety and convenience features
- Increased investments in R&D
- Rising adoption in aftermarket
PART 09: Market challenges
- Functional and operational issues
- High cost of automotive electronic devices
- Preference for conventional mirrors
PART 10: Market trends
- Smart mirrors with advanced features
- Integration with other systems making dimming mirrors more viable
- Integration of radar, camera, and LED technologies increasing features of dimming mirror
PART 11: Vendor landscape
PART 12: Key vendor analysis
- Gentex
- Magna International
- Samvardhana Motherson
- Ficosa
- Murakami
PART 13: Appendix
PART 14: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape