Pune, India, September, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Automotive Mirror Dimming Market Research Report.
Market Scenario
The global automotive mirror dimming market is presumed to expand at 4 % CAGR over the forecast period (2017-2023) owing to the rising concern about vehicle and passenger safety, asserts Market Research Future (MRFR). Automotive mirror dimming are driver aids which minimize glare generated by headlight beams of vehicles while traveling during night. Automotive mirror dimming can augment driver safety and comfort when coupled with other automotive safety systems like park assist systems and blind spot detection.
Drivers and Constraints Impacting the Market
The safety of vehicles and passengers has become a major concern of the vehicle buyers due to the growing deaths occurring every year. In order to reduce such road accidents, Original Equipment Manufacturers are implementing safety features in automotive mirrors, thereby driving the global market. For instance, according to the global status report on road safety, approximately 1.2 million road traffic deaths occur every year. The automotive mirror dimming offer safety and comfort to the drivers as they do not have to adjust the inside and outside rear-view-mirror. They can automatically control the movement of the mirrors at various speeds when the system is turned on. With the growing technological advancements, rising demand for luxury features, and increasing production of vehicles are some of the major factors impacting the market growth positively.
On the flip side, with the increasing cost of vehicles due to implementation of advanced electrical features in vehicles is likely to restrain the market growth globally in the coming years. Moreover, getting the perfect balance between reducing glare by maintaining high visibility and darkening the surface by not distracting the driver is one of the major challenges faced by the manufacturers.
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Global Automotive Mirror Dimming Market: Segmental Analysis
The global automotive mirror dimming market has been segmented on the basis of application, fuel type, vehicle type, functionality, and region.
By mode of fuel type, the global market has been segmented into battery electric vehicle (BEV), hybrid vehicle, and internal combustion engine (ICE). Among these, the battery electric vehicle segment is presumed to expand at the highest rate owing to the rise in production of new electric vehicle.
By mode of application, the global market has been segmented into inside rear-view-mirror and outside rear-view-mirror. Among these, the inside rear-view-mirror is anticipated to register the highest market share due to its increasing application in all types of vehicles.
By mode of functionalities, the global market has been segmented into connected and non-connected. Among these, connected auto mirror dimming comes integrated with several features in order to offer safety and convenience to the drivers during driving.
By mode of vehicle type, the market has been segmented into commercial vehicle and passenger vehicle. Among these, passenger vehicle is estimated to hold the largest share in the market owing to the increasing sales of passenger vehicles.
Regional Insights
Geographically, the market spans across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World.
Among all the regions, Asia Pacific is likely to lead the global market closely followed by Europe and North America. Owing to the development of automotive manufacturing industries in countries such as India and China, the market is anticipated to foster in the coming years. Moreover, innovation in engineering, availability of low-cost automation in manufacturing, focus on sustainability and fuel efficiency, and growing level of vehicle production is likely to trigger the demand for automotive mirror dimming market in this region.
Industry News
A leading supplier of digital vision, dimmable glass, connected car, and fire protection technologies, Gentex Corporation has announced that it has added new leadership personnel as part of an internal reorganization effort which has been designed to reflect the Company's growing automotive technology portfolio and to support its ongoing new market development efforts.
Competitive Analysis
The major players operating the global market are Konview Electronics Corporation Limited. (China), Gentex Corporation (U.S), SL Corporation (South Korea), Ficosa International S.A. (Spain), FLABEG Automotive Holding GmbH (Germany), Global Media Industry Group Co. (China), Magna International Inc. (Canada), Samvardhana Motherson Group (India), Honda Lock Mfg. Co. Ltd. (Japan), Murakami Corporation (Japan), TOKAIRIKA Co. LTD. (Japan), and Ichikoh Industries Ltd. (Japan)
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Report details
| Base Year | 2018 |
| Companies Covered | 15 |
| Pages | 111 |
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