The future of the global auto dimming mirror market looks promising with opportunities in passenger car and light commercial vehicle segments. The global auto dimming mirror market is expected to decline in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021 and it is expected to grow 3%-5% from 2020 to 2026. The major drivers for this market are integration of safety features in vehicles and helps in preventing accidents.
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The study includes trends and forecast for the global auto dimming mirror market by application, vehicle, functionality, and region, as follows:
By Application [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
- Inside Rear-View Mirror
- Outside Rear-View Mirror
By Vehicle [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
- Passenger Car
- Light Commercial Vehicle
By Functionality [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
- Connected Auto Dimming Mirror
- Non-Connected Auto Dimming Mirror
By Region [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
- North America
- United States
- United Kingdom
- Middle East
Some of the auto dimming mirror companies profiled in this report includes Gentex, Samvardhana Motherson Reflectec, Magna, Ficosa, and Murakami.
Lucintel forecasts that connected mirror will remain the largest segment and it is also expected to witness the highest growth over the forecast period because of incorporation of features such as Bluetooth connectivity, travel calculation, weather condition, navigation and temperature display.
Within the global auto dimming mirror market, the inside rear-view mirror segment is expected to witness the highest growth over the forecast period due to increasing penetration in automobiles coupled with additional safety features incorporated in them, such as weather condition, navigation, temperature display.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period due to increasing vehicle sales, especially of passenger cars in countries such as China and India and increasing preference of safety features.