Global Automotive Auto Dimming Mirror Market 2017-2021

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

• Americas
• APAC
• EMEA

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?

Technavio also offers customization on reports based on specific client requirement.

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