Press release
Auto-Dimming Mirror Industry to See Robust Expansion, Valued at $2.77 Billion by 2029
Auto Dimming Mirror
What Is the Projected CAGR for the Auto-Dimming Mirror Market from 2024 to 2025?
In the past few years, the auto-dimming mirror market has seen steady growth. The market is projected to rise from a worth of $2.22 billion in 2024 to $2.31 billion in 2025, experiencing a compound annual growth rate (CAGR) of 4.0%. This growth in previous years can be traced back to enhanced understanding of driver safety and glare reduction, assimilation of advanced driver assistance systems (ADAS) in motor vehicles, escalating demand for commercial vehicles, rigorous safety regulations advocating the usage of anti-glare mirrors, and increased consumer interest for luxury and high-grade vehicles that come with advanced features.
What are the Expected Market Size and CAGR for Auto-Dimming Mirror by 2029?
In the coming years, the auto-dimming mirror market size is projected to experience a consistent rise. The market is anticipated to expand to a value of $2.77 billion in 2029, at a compound annual growth rate (CAGR) of 4.7%. The predicted growth during this forecast period can be linked to the growing adoption of autonomous and electric vehicles, the inclusion of innovative sensors and cameras in auto-dimming mirrors, expansion of the connected car ecosystem, increased attention to driver comfort and minimization of eye strain during nighttime drives, and the enlargement of the auto industry in developing economies. The forecast period is also characterized by major trends such as the advancement in camera technology, adaptive dimming using artificial intelligence (AI), development of electrochromic mirrors offering adjustable tint levels, incorporation of digital displays and augmented reality features, and collaborations between automakers and technology providers.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/auto-dimming-mirror-global-market-report
Which Factors Are Driving the Global Auto-Dimming Mirror Market Expansion?
The advancement in the motor vehicle industry is perceived to boost the auto-dimming mirror market's expansion. The term 'automotive industry' is associated with the conceptualization, innovation, and production of motor vehicles. Auto-dimming mirrors, which are installed in vehicles to minimize the disruption caused by the glare from other vehicles, are a crucial component. The European Automobile Manufacturers Association, situated in Belgium, reported in May 2023 that in 2022, 85.4 million motor vehicles were produced worldwide. This impressive increase of 5.7% compared to 2021 points to the industry's growth. Consequently, the progression of the automobile industry bolsters the expansion of the auto-dimming mirror market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6741&type=smp
Which Segment Currently Holds the Largest Share of the Auto-Dimming Mirror Market?
The auto-dimming mirror market covered in this report is segmented -
1) By Fuel Type: Internal Combustion Engine, Hybrid, Electric
2) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
3) By Functionality Type market: Connected Auto-Dimming Mirror, Non-connected Auto-Dimming Mirror
4) By Application Type: Inside Rear-View Mirror, Outside Rear-View Mirror
Subsegments:
1) By Internal Combustion Engine: Passenger Vehicles, Commercial Vehicles
2) By Hybrid: Hybrid Electric Vehicles (HEVs), Plug-In Hybrid Electric Vehicles (PHEVs)
3) By Electric: Battery Electric Vehicles (BEVs), Electric SUVs And Trucks
Which Major Trends Are Shaping the Future of the Auto-Dimming Mirror Industry?
Technology-based advancements have become a prominent trend in the auto-dimming mirror market. Major players in this sector are focusing on integrating novel technologies to maintain their market position. To illustrate, in August 2023, Mahindra, an automotive manufacturing corporation headquartered in India, introduced an advanced version of the XUV400 EV. This version comes with eight exclusive new features only available in the premium EL model. Some of the added features include electronic stability control (ESP), hill hold assist, a tire pressure monitoring system, an auto-dimming internal rearview mirror (IRVM), and cruise control. Besides these, the updated electric SUV also offers fog lights and a boot lamp, along with an improved audio system equipped with tweeters.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=6741&type=smp
Which Key Players Dominate the Auto-Dimming Mirror Industry Globally?
Major companies operating in the auto-dimming mirror market include Ficosa International SA, Flabeg Automotive Glass Group GMBH, Gentex Corporation, Honda Lock Mfg. Co. Ltd., Konview Electronics Corporation Limited, Magna International Inc., Murakami Corporation, Shenzhen Germid Co. Ltd., Samvardhana Motherson Group, Tokairika Co. Ltd., SL Corporation, Ichikoh Industries Ltd., Metagal Industria E-commercio Ltd., Fuyao Glass Industry Group Co. Ltd., Dura Automotive Systems, Webasto SE, Glas Trösch Holding AG, Shanghai Ganxiang Automobile Electric Co. Ltd., Shanghai Yaxing Automotive Electronics Co. Ltd., Yantai Autobest Industry Co. Ltd., ZKW Group, Kyocera Corporation, Donnelly Corporation, Ishizaki Honten Co. Ltd., Visiocorp plc, Continental AG, Valeo SA, Denso Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG
What Are the Fastest-Growing Regions in the Auto-Dimming Mirror Market?
Asia-Pacific was the largest region in the auto-dimming mirror market in 2024.North America is expected to be the fastest growing region in the forecast period. The regions covered in the auto-dimming mirror market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Speak With Our Expert:
Saumya Sahay,
Americas: +1 310-496-7795,
Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Auto-Dimming Mirror Industry to See Robust Expansion, Valued at $2.77 Billion by 2029 here
News-ID: 4256808 • Views: …
More Releases from The Business Research Company
Future Perspectives: Key Trends Shaping the Farm Machinery and Equipment Market …
The farm machinery and equipment sector is set for remarkable expansion in the coming years, driven by technological advances and evolving agricultural practices. As farming becomes more precise and sustainable, this market is positioned to grow significantly, influenced by innovative tools and smarter machinery. Let's explore the current market size, key players, influential trends, and segmentation details shaping this vital industry.
Expectations for the Farm Machinery and Equipment Market Size by…
Emerging Sub-Segments Transforming the Combine Harvester Market Landscape
The combine harvester market is positioned for consistent growth in the coming years, driven by various factors tied to modern agriculture and food production. This overview explores the market's expansion prospects, leading companies, technological innovations, and the key segments shaping its future.
Projected Growth and Market Size of the Combine Harvester Market
The combine harvester market is forecasted to grow steadily, reaching a valuation of $70.68 billion by 2029. This…
Market Trend Analysis: The Impact of Recent Innovations on the Cogeneration Equi …
The cogeneration equipment market is set to experience significant expansion in the coming years, driven by various technological and industrial factors. As the global demand for efficient and sustainable energy solutions continues to rise, this sector is positioning itself for robust growth. Let's explore the market size projections, key players, emerging trends, and segment classifications shaping the future of cogeneration equipment.
Projected Market Size and Growth Trajectory in the Cogeneration Equipment…
In-Depth Examination of Segments, Industry Trends, and Key Competitors in the Tr …
The trailer axle market is on the brink of notable expansion as advancements in technology and evolving industry demands create new avenues for growth. With increasing focus on sustainability and innovative safety features, this sector is poised to undergo significant developments in the coming years. Let's explore its current size, main players, emerging trends, and key market segments shaping the future.
Projected Growth Trajectory of the Trailer Axle Market by 2029…
More Releases for Auto
Auto Leads: Revolutionizing Lead Generation for Auto Detailers
Auto Leads, a digital marketing company specializing in helping auto detailers grow their businesses, has quickly become a leader in lead generation for the industry. Founded by Austin Kennedy, a former auto detailer with three years of hands-on experience, Auto Leads offers a solution to help detailers attract high-quality customers, particularly for premium services like Ceramic Coating.
What Auto Leads Is
Auto Leads focuses on digital marketing solutions for auto detailing businesses,…
Winter Park Auto Repair: Cech Auto Unveils Auto Repair Financing, Expert Service …
Image: https://www.getnews.info/wp-content/uploads/2024/10/1730165920.png
Cech Auto announces the launch of flexible auto repair financing, offering Winter Park customers accessible payment solutions for essential vehicle maintenance and repairs.
A leading Winter Park auto repair [https://www.cechauto.com/] shop, Cech Auto unveils its new auto repair financing option, providing customers with flexible payment solutions for all repair services. With competitive financing plans available, Cech Auto makes essential vehicle maintenance and repairs more accessible, ensuring that customers can address…
Brampton Auto Glass Announces New Comprehensive Auto Glass Solutions
Brampton, Ontario July 24 2024 - Brampton Auto Glass Company, a leading name in auto glass repair and replacement for the Brampton and Mississauga areas, announces a significant expansion of its service portfolio. This enhanced suite caters to the diverse needs of local vehicle owners, ensuring optimal safety and a flawless visual experience on the road.
Unwavering Commitment to Excellence and Customer Satisfaction
Brampton Auto Glass Company prioritizes excellence in everything…
Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide
Newsdesk, March 22, 2024 - Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide Employing state-of-the-art tools and technology, the company ensures a seamless, hassle-free experience for clients.
Auto Locksmith America, a prominent auto locksmith company headquartered in Mississippi, unveils its latest suite of services and enticing offers tailored to cater to a spectrum of auto locksmith needs. With nearly 14 years of steadfast service, the company stands as a beacon of…
Auto Chess Game Market | Auto Chess, Dota Auto Chess, Hearthstone, Honor Of King …
The global auto chess game market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the auto chess game market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Auto Driveaway Provides Reliable and Safe Auto Shipping Services
FOR IMMEDIATE RELEASE
Philadelphia, PA: Recently, Auto Driveaway has been awarded for being one of the most reliable and secure auto shipping companies in the country by renowned entities. The company has more than 40 offices across the country that helps to track and update every detail about the consignment. Every delivery is managed professionally resulting in scheduled delivery without providing any damage, dent or issues to the vehicle.
The company provides…
