Industry Outlook and Trend Analysis
The Automotive Auto Dimming Mirror Market was worth USD 0.76 billion in the year of 2012 and is expected to reach approximately USD 1.07 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 3.43% during the forecast period. Auto dimming mirrors detect the power of light and modify likewise. This decreases the glare on raise see mirrors influencing night to time driving safe for drivers. When combined with other automotive security systems, for example, blind side detection and park assist systems, car diminishing mirrors can increase driver safety and comfort. Furthermore, it has been witnessed that drivers watch raise see reflects more as often as possible than the instrument board and thus, car producers will begin giving auto diminishing mirrors as a standard fitment, pushing market development in the coming years. Producers continually concentrate on the improvement and combination of cutting edge advances and couple of merchants effectively offer automotive automatic dimming mirror with cutting edge highlights, for example, weather conditions, temperature readings, and travel calculations. The smart rear-view mirror offered by Nissan can switch between the LCD screen and the traditional rearview mirror and accompanies propelled highlights, for example, touchscreen options, cameras and sensors, and internet connectivity.
Product Outlook and Trend Analysis
On the basis of product the market is segmented into Side view dimming mirror and Rear-view dimming mirror. In 2016, the rear-view dimming mirror fragment represented the significant share and ruled this market. The requirement for driver accommodation in passenger cars and the quick charge of parts that expands the reception of cutting edge innovations to improve solace and security will boost the development of the market in this portion. Because of the extra security highlights, the coming years will witness an expanded implementation of interior rear-view auto dimming mirrors than outside rear-view mirrors.
Regional Outlook and Trend Analysis
Asia-Pacific is assessed to rule the Auto Dimming Mirror Market amid the estimate time frame. The locale represents to nations, for example, India, South Korea, Japan, and India with the world's most astounding vehicle manufacturing. The requirement for the automotive mirror is specifically connected to the vehicle manufacturing in this locale. As indicated by the Organization Internationale des Constructeursd'Automobiles (OICA) distribution, these nations together contributed around 48 percent to the worldwide vehicle generation in 2016. The expanding purchasing power of individuals is additionally one of the key components for the development in the Asia Pacific district.
The major players in the market are SamvardhanaMotherson, Gentex, Haruki Murakami, Tata Ficosa Automotive Systems Private Limited and Magna International. The market is portrayed by the existence of an impressive number of auto dimming mirror producers and is extremely competitive.One of the major rearview reflects makers Gentex, presented the world's first electromechanical auto darkening mirrors and is a noteworthy player in the automotive business. The organization as of late gained Homelink from Johnson Controls and is at present working on coordinating this innovation in its auto dimming rearview mirrors.
The global Auto Dimming Mirror market is segmented as follows-
Rear-view dimming mirror
Side view dimming mirror
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?