(MENAFN- GetNews) This report provides a comprehensive outlook on competition, opportunities, drivers & restraints, and other factors affecting the local and global automotive mirror dimming market. The global market is anticipated to register approximately a 05 % annual growth during this period.
Market Synopsis
As the global automotive market grows, the demands for better safety features loaded vehicles are also rising. These mirrors have active sensors which darken the mirror when the light from the following vehicle reaches the mirror and nullifies the glare produces. Automotive Mirror dimming is a feature that reduces the dangers while adjusting the inside rearview mirrors and outside rearview mirrors. Also, the rise in disposable incomes has increased the demands for luxury vehicles that have considerably increased the demands for advanced systems like dimming mirrors.
In addition, the introduction of rigid regulations has increased the installations of enhanced safety equipment and has provided significant growth to this market. As per the latest trends, the growing awareness regarding personal safety has also provided a necessary boost to this market and is continuously growing. The companies invest in research & development programs to unfold the new aspects, imposing an extra load on the market and helping the market gain accelerated speeds.
Apart from the uses and features, the global automotive mirror dimming market faces challenges from the high costs involved compared to traditional mirrors, which has restrained the global market growth mainly in economically weaker regions. This report provides a comprehensive outlook on competition, opportunities, drivers & restraints, and other factors affecting the local and global automotive mirror dimming market. The global market is anticipated to register approximately a 05 % annual growth during this period.
MRFR profiled key players in Automotive Mirror Dimming Market. They are:
Magna International Inc. (Canada), Murakami Corporation (Japan), Gentex Corporation (U.S), Ficosa International S.A. (Spain), Global Media Industry Group Co. (China), Samvardhana Motherson Group (India), FLABEG Automotive Holding GmbH (Germany), Ichikoh Industries, Ltd. (Japan), Konview Electronics Corporation Limited. (China), SL Corporation (South Korea), TOKAIRIKA, CO, LTD. (Japan), Honda Lock Mfg. Co., Ltd. (Japan), and others.
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Market Segmentation
The global automotive mirror dimming market is segmented into classes as follows:
The global automotive mirror dimming market is categorized into hybrid vehicles, battery-powered vehicles, and internal combustion engine vehicles based on fuel types.
The global automotive mirror dimming market is divided into inside rearview mirror (IRVM) and outside rearview mirror (ORVM) based on applications.
The global automotive mirror dimming market is divided among commercial and passenger vehicle types.
Regional Classification
The automotive mirror dimming market has gained global adoption due to a rise in demands for safer vehicles, increasing the adoption of better technologies, and increasing implementation of rigid road safety norms. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global automotive mirror dimming market. The Asia Pacific region is currently leading the market. It will grow at the fastest rate due to the vast population covers, rapid urbanization, rise in disposable incomes, growing awareness, the introduction of rigid regulations, demand for better technologies, and other factors with India and China among the major contributors in consumption and production capacities. The European and North American regions are following this region in the mentioned order.
Industry News
The global automotive mirror dimming market is growing at lightning speeds due to increasing demands for safer vehicles with advanced features and a rise in disposable incomes. The IRVM and passenger vehicle segments are currently holding a major part of the market. The Asia Pacific region is leading the group and will register the fastest growth rates during this period.
Key Questions Addressed by the Report
- What was the historic market size ?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2023?
- How are the key players in this market?
- What are the strategies adopted by key players?
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TABLE OF CONTENT
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter's Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Bargaining Power Of Suppliers
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.1 Introduction
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
5 Global Automotive Mirror Dimming Market, By Fuel Type
5.1 Introduction
5.2 Battery Electric Vehicle (BEV)
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