This Automotive Auto Dimming Mirror market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Automotive Auto Dimming Mirror market.
Automotive Auto Dimming Mirror Market: Introduction
Automotive auto dimming mirrors are a type of driver aids with the purpose of minimizing glare generated by the headlight beams of any trailing vehicle while travelling at night. These auto dimming mirrors are nothing but an application of electrochromic property of various materials that are imbued in the mirrors. These material change hue and colour whenever they are activated by an external stimuli. The desired darkening of the mirrors is achieved with the help of glare sensor and integrated circuitry implemented in the mirror housing itself. The implementation of automotive auto dimming mirrors was first witnessed in high end luxury vehicles, but with increased emphasis on driver and passenger safety in the recent years has prompted the automotive OEMs to install in entry level vehicles as well. Automotive auto dimming mirrors are a part of vision based safety systems expected for a steady growth in the market in the forthcoming years.
Automotive Auto Dimming Mirror Market Dynamics
Technological advancements in automotive industry has been continuously evolving over the past few years. The vehicle manufacturers usually focus on performance improvement, cost reduction, fuel efficiency and driver assistance systems, hence prompting the automotive component manufacturers to bring about latest innovations for the vehicles. Automotive auto dimming mirror is no exception, which falls under the category of driver assistance systems. In addition to darkening the reflective surface of the mirror, various manufactures have also implemented additional features into it such as real time location information, vehicle information and temperature readings. The latest trend observed in the automotive auto dimming mirror market is the incorporation of pixelated digital display which can showcase images in full colour. These displays function in tandem with cameras located in various spots of a vehicle. Other features include ambient lighting tags, microphones and telematics modules. These additions significantly increases the overall cost of the mirror hence, its implementation is expected to commence from high end luxury vehicles. One of the major challenges for the manufacturers associated with the market is finding the perfect balance between reducing glare by darkening the surface and maintaining high visibility so as to not distract the driver from the road.
Automotive Auto Dimming Mirror Market: Regional Outlook
From the perspective of Asia Pacific region, China is on the forefront when it comes to the manufacture of affordable and practical vehicles, thereby rendering an impressive growth in the automotive industry. This factor bides well for the market growth of automotive auto dimming mirrors as well. Other prominent vehicle manufacturing countries in the region including Japan, South Korea and India also hold a prominent share in the said market, although the growth of the market in India is anticipated to be on slower side owing to minimal penetration of the product in the India automotive industry. The market for automotive auto dimming mirror in the North American region especially in the U.S. is expected for a positive growth owing to increased incorporation of safety features in the vehicles. The same factors holds true for the European region, particularly in automotive hubs such as Germany, U.K., Italy among others. The Middle East & Africa region is not particularly known as an automotive hub, but aftermarket installation of automotive auto dimming mirror may gain traction in the future once the customer’s sentiments towards driver aids improve.
Automotive Auto Dimming Mirror Market: Market Participants
Examples of some of the major players in the Global Automotive Auto Dimming Mirror market, identified within the value chain include:
- Gentex Corporation
- Samwardhana Motherson Reflectec
- Magna International Inc.
- Ficosa Internacional SA
- Murakami Corporation
- Tokai Rika Co., Ltd.
- FLABEG Automotive Holding GmbH
- Miortech B.V.
- ABEO Technology
- Global Media Industry Group
- Rugged Ridge
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Automotive Auto Dimming Mirror Market: Segmentation
By product type, the Automotive Auto Dimming Mirror market can be segmented as:
- External side view Mirrors
- Internal rear view mirror
By vehicle type, the market can be segmented as:
- Passenger cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By distribution channel, the market can be segmented as:
- Original Equipment Manufacturers
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
Frequently Asked Questions
What research methodology is used to develop the Automotive Auto Dimming Mirror Market report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Automotive Auto Dimming Mirror Market. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
What else does FMI offer apart from Automotive Auto Dimming Mirror Market report?
In addition to up-to-date market figures and customized of the Automotive Auto Dimming Mirror Market, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.