Automotive Electronic Auto Dimming Mirror Market Overview:
As per MRFR analysis, the Automotive Electronic Auto Dimming Mirror Market Size was estimated at 1.6 (USD Billion) in 2022. The Automotive Electronic Auto Dimming Mirror Market Industry is expected to grow from 1.67(USD Billion) in 2023 to 2.5 (USD Billion) by 2032. The Automotive Electronic Auto Dimming Mirror Market CAGR (growth rate) is expected to be around 4.56% during the forecast period (2024 - 2032).
Key Automotive Electronic Auto Dimming Mirror Market Trends Highlighted
The global automotive electronic auto-dimming mirror market is characterized by several key trends. Firstly, the increasing adoption of advanced driver assistance systems (ADAS) is driving demand for auto-dimming mirrors, as they enhance safety and reduce driver fatigue. Secondly, the growing popularity of electric vehicles is creating opportunities for auto-dimming mirrors equipped with features such as anti-fogging and glare reduction. Thirdly, the integration of connected technologies, such as smartphone connectivity and navigation systems, is transforming auto-dimming mirrors into multi-functional devices that provide a personalized driving experience. Moreover, the shift towards autonomous vehicles is expected to further augment demand for auto-dimming mirrors, as they play a crucial role in monitoring the surrounding environment and providing drivers with the necessary information.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Electronic Auto Dimming Mirror Market Drivers
Rising Demand for Safety and Comfort Features in Vehicles
The Automotive Electronic Auto Dimming Mirror Market Industry is being driven by the rising need for better safety and comfort features in vehicles. Auto-dimming mirrors help reflect the light back to the source vehicle, making it easy for the driver of the trailing vehicle to drive. The glare of such lights can be a source of concern to the driver and can cause accidents. Auto-dimming mirrors are becoming a common sight in many mid-range and high-end vehicles these days.Apart from this, the stringent guidelines regarding automobile safety by the governments of many countries are also contributing to the growing demand for such products.
Technological Advancements and Innovation
Technological advancements and innovation continue to drive the growth of the Automotive Electronic Auto Dimming Mirror Market Industry. Over the years, auto-dimming mirrors have evolved, as technologies such as sensors, cameras, and displays have been used to improve the performance of these products. These technological advancements have also increased the functions of auto-dimming mirrors, thereby enhancing the user’s experience with these products.Users can also integrate these mirrors with other control systems within their vehicles, such as navigation and infotainment systems.
Growing Adoption of Electric and Autonomous Vehicles
The adoption of electric vehicles and autonomous vehicles is creating new opportunities for the Global Automotive Electronic Automotive Auto-Dimming Mirror Market Industry. Electric vehicles require electronic equipment and need a special kind of auto-dimming mirror that can adapt to its lighting. Similarly, autonomous vehicles need a special auto-dimming mirror that can adapt to the ADAS sensors and give optimal visibility.
Automotive Electronic Auto Dimming Mirror Market Segment Insights:
Automotive Electronic Auto Dimming Mirror Market Type Insights
The Automotive Electronic Auto Dimming Mirror Market is segmented by type into Interior Auto Dimming Mirror and Exterior Auto Dimming Mirror. Interior Auto Dimming Mirror segment held the largest market in 2023, and it is expected to continue to dominate the market throughout the forecast period. This growth is due to the increasing demand for interior auto dimming mirrors in luxury and high-end vehicles. Exterior Auto Dimming Mirror segment is also expected to see significant growth during the forecast period, as there is a growing demand for exterior auto dimming mirrors in commercial vehicles and SUVs.Some of the key drivers for the growth of this market are the increasing demand for automotive electronics and the increasing adoption of advanced driver assistance systems.
The market would also receive a boost with the increasing popularity of electric vehicles, whose use will require more sophisticated automotive electronics. A few of the key companies in the Automotive Electronic Auto Dimming Mirror Market are Gentex Corporation, Magna International Inc., Ficosa International S.A, Murakami Corporation and Donnelly Corporation.These companies are investing substantial amounts in R in order to develop new innovative products in the auto dimming mirror and are also expanding their global footprint through joint ventures and takeovers. Some of the key drivers for the growth of the Automotive Electronic Auto Dimming Mirror Market are the increasing demand for automotive electronics and the increasing adoption of advanced driver assistance systems. The growth of the market would also be due to the increasing adoption of electric vehicles, which will require more sophisticated automotive electronics.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Electronic Auto Dimming Mirror Market Dimension Insights
The Automotive Electronic Auto Dimming Mirror Market is segmented on Dimension as Auto Dimming Glass Only and Complete Auto Dimming Mirror Assembly. The Auto Dimming Glass Only segment is expected to be the largest, owing to the low cost and easy installation. The Complete Auto Dimming Mirror Assembly segment is likely to be the fastest and make higher growth to the medium segment of future, in line with the growth in the luxury and other high-end vehicle mouthing convention.
Automotive Electronic Auto Dimming Mirror Market Technology Insights
The Automotive Electronic Auto Dimming Mirror Market is segmented by Technology into Electrochromic Technology and Liquid Crystal Display Technology. Electrochromic Technology held the largest market share in 2023, accounting for over 65% of the global market. This is due to its advantages, such as high contrast ratio, wide viewing angle, and low power consumption. Liquid Crystal Display Technology is expected to grow at a faster CAGR during the forecast period, owing to its increasing adoption in high-end vehicles.
Automotive Electronic Auto Dimming Mirror Market Vehicle Type Insights
The 'Vehicle type' segment of the Automotive Electronic Auto Dimming Mirror Market is categorized into Passenger Cars, Commercial Vehicles, and Two Wheelers. Among these, Passenger Cars held the largest market share in 2023, accounting for approximately 65% of the global market. This dominance is attributed to the increasing production and sales of passenger cars worldwide, along with rising consumer preference for enhanced comfort and safety features. The Commercial Vehicles segment is projected to witness the fastest growth rate during the forecast period, owing to the growing demand for auto-dimming mirrors in heavy-duty vehicles for improved visibility and reduced driver fatigue.Two Wheelers segment is anticipated to hold a significant market share, driven by the rising popularity of motorcycles and scooters in developing countries. Overall, the increasing adoption of advanced driver assistance systems (ADAS) and the growing focus on vehicle safety are expected to drive the growth of the Automotive Electronic Auto Dimming Mirror Market across all vehicle types.
Automotive Electronic Auto Dimming Mirror Market Dimming Level Insights
The Automotive Electronic Auto Dimming Mirror Market is segmented into Dimming Level, which includes Manual Dimming and Automatic Dimming. The Automatic Dimming segment is projected to grow at a faster rate compared to Manual Dimming, owing to increasing demand for advanced features and enhanced driving safety. The Automotive Electronic Auto Dimming Mirror Market revenue for Automatic Dimming is expected to reach USD 1.2 billion by 2024, growing at a CAGR of 5.2%. The growth of the Automatic Dimming segment can be attributed to the increasing adoption of ADAS systems and the rising popularity of luxury vehicles.
Automotive Electronic Auto Dimming Mirror Market Regional Insights
The regional segmentation of the Automotive Electronic Auto Dimming Mirror Market offers valuable insights into the market's geographic distribution and growth dynamics. North America, Europe, APAC, South America, and MEA are the key regions analyzed in this segmentation. North America is projected to hold a significant market share in 2023, driven by the presence of major automotive manufacturers and advanced infrastructure. Europe follows closely, with a high adoption rate of advanced automotive technologies. APAC is expected to witness substantial growth in the coming years, owing to the increasing production and sales of automobiles in the region.South America and MEA are anticipated to contribute a smaller share to the overall market, but they present opportunities for growth as the adoption of auto dimming mirrors gains traction.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Automotive Electronic Auto Dimming Mirror Market Key Players And Competitive Insights:
Enhancement of their product lines and advancement of their market reach are among the constant concerns of the major players in the Automotive Electronic Auto Dimming Mirror Market industry. Leading players in such a market are primarily focused on Research and Development, investing heavily in the introduction of innovative and advanced technologies. In addition to that, a range of companies are opting for such strategies as partnerships, acquisitions, and mergers to keep pace with the competition. As for future expectations, the growth of the Automotive Electronic Auto Dimming Mirror Market would be driven by the continuously increasing demand for safety and comfort in vehicles. Considering such various factors as technological advancement, competition, and their combination resulting in the evolution of the Competitive Landscape of the Automotive Electronic Auto Dimming Mirror Market, we could identify Gentex as one of the key players in the industry, focused on the delivery of innovative automotive lighting and electronics solutions worldwide. It is a global company that provides its products to major automotive manufacturers internationally.
In the field of automotive mirrors, Gentex offers a wide range of products, starting with basic auto-dimming mirrors and ending with fully featured smart mirrors or mirrors with in-built cameras. The cutting-edge technologies of Gentex include automatic dimming, glare reduction, and the detection of obstacles. Gentex considers the quality of its products to be critical, and they are committed to delivering customer satisfaction, both in terms of quality products and excellent service. Magna is another player that supplies auto-dimming mirrors to the Automotive Electronic Auto Dimming Mirror Market since it is a global supplier of automotive components, modules, and systems. Like other market leaders, Magna works on the integration of an essential safety component provided by the company, an auto-dimming mirror, with other cutting-edge technologies, like a camera that is automatically activated to provide a rear image in case of emergency. In the pursuit of innovation, the company has a strong team of engineers and researchers.
Key Companies in the Automotive Electronic Auto Dimming Mirror Market Include:
- LYC
- Hella GmbH Co. KGaA
- Ficosa
- Koito Manufacturing
- Tokai Rika
- Hyundai Mobis
- Magna International
- Murakami
- Motherson Sumi Systems
- IAC Group
- Ichikoh Industries
- Valeo
- Gentex Corporation
- Samvardhana Motherson
- Stanley Electric
Automotive Electronic Auto Dimming Mirror Market Industry Developments
August 2024 : Hella Gutmann's mega mac diagnostic device line is constantly adding new "Cyber Security Management" (CSM) capabilities. Without using the OE portal, users can now diagnose the newest BMW cars that are secured by cyber security systems. In 2020, Hella Gutmann had already incorporated the feature into its Mega Macs diagnostic device line. With this most recent extension, a total of 17 brands can now utilize the function.
Using the CSM is easy: mega macs users only need to authenticate themselves once with Hella Gutmann at no cost. This eliminates the need for them to register individually in each OE portal, undergo testing, follow the necessary process steps for vehicle-specific diagnostic activations, and pay fees. Then, if there is an Internet connection, the vehicle gateways are automatically unlocked.
Automotive Electronic Auto Dimming Mirror Market Segmentation Insights
Automotive Electronic Auto Dimming Mirror Market Type Outlook
- Interior Auto Dimming Mirror
- Exterior Auto Dimming Mirror
Automotive Electronic Auto Dimming Mirror Market Dimension Outlook
- Auto Dimming Glass Only
- Complete Auto Dimming Mirror Assembly
Automotive Electronic Auto Dimming Mirror Market Technology Outlook
- Electrochromic Technology
- Liquid Crystal Display Technology
Automotive Electronic Auto Dimming Mirror Market Vehicle Type Outlook
- Passenger Cars
- Commercial Vehicles
- Two Wheelers
Automotive Electronic Auto Dimming Mirror Market Dimming Level Outlook
- Manual Dimming
- Automatic Dimming
Automotive Electronic Auto Dimming Mirror Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.6 (USD Billion) |
| Market Size 2023 |
1.67 (USD Billion) |
| Market Size 2032 |
2.5 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.56% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
LYC, Hella GmbH Co. KGaA, Ficosa, Koito Manufacturing, Tokai Rika, Hyundai Mobis, Magna International, Murakami, Motherson Sumi Systems, IAC Group, Ichikoh Industries, Valeo, Gentex Corporation, Samvardhana Motherson, Stanley Electric |
| Segments Covered |
Type, Dimension, Technology, Vehicle Type, Dimming Level, Regional |
| Key Market Opportunities |
ADAS Integration Growing Demand for Luxury Vehicles Increasing Popularity of Connected Cars Adoption of Advanced Safety Features Technological Advancements |
| Key Market Dynamics |
Rising demand for enhanced safety features Technological advancements in automotive electronics Growing adoption of autonomous driving technologies Increasing customization and personalization options Entry of new players and competitive landscape |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Automotive Electronic Auto Dimming Mirror Market is expected to reach a valuation of USD 2.5 billion by 2032, exhibiting a CAGR of 4.56% during the forecast period (2024-2032).
The Asia-Pacific region is anticipated to dominate the Automotive Electronic Auto Dimming Mirror Market throughout the forecast period due to the increasing production and sales of automobiles, particularly in countries like China, India, and Japan.
Automotive Electronic Auto Dimming Mirrors find applications in various vehicle segments, including passenger cars, commercial vehicles, and electric vehicles. They enhance driving safety and comfort by reducing glare from headlights of oncoming vehicles, improving visibility in low-light conditions.
Some of the prominent players in the Automotive Electronic Auto Dimming Mirror Market include Gentex Corporation, Magna International, Inc., Murakami Corporation, Ficosa International, S.A., and Donnelly Corporation.
The increasing demand for enhanced safety features, stringent government regulations mandating the adoption of advanced driver assistance systems, and technological advancements in the automotive industry are among the factors propelling the growth of the Automotive Electronic Auto Dimming Mirror Market.
The high cost of production and integration of advanced technologies, as well as competition from low-cost alternatives, pose challenges to the growth of the Automotive Electronic Auto Dimming Mirror Market.
The growing adoption of electric vehicles, the integration of advanced technologies such as cameras and sensors, and the increasing demand for personalized driving experiences present significant opportunities for growth in the Automotive Electronic Auto Dimming Mirror Market.
The increasing focus on autonomous driving, the integration of artificial intelligence and machine learning, and the adoption of sustainable materials are some of the key trends shaping the Automotive Electronic Auto Dimming Mirror Market.
The COVID-19 pandemic had a negative impact on the Automotive Electronic Auto Dimming Mirror Market due to disruptions in the automotive supply chain and a decline in vehicle production. However, the market is expected to recover and regain its growth trajectory in the post-pandemic period.
The Automotive Electronic Auto Dimming Mirror Market is projected to witness steady growth over the forecast period, driven by the increasing adoption of safety features, technological advancements, and the growing popularity of electric vehicles.
