This report describes and explains the auto-dimming mirror market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global auto-dimming mirror market reached a value of nearly $2.21 billion in 2024, having grown at a compound annual growth rate (CAGR) of 3.40% since 2019. The market is expected to grow from $2.21 billion in 2024 to $2.87 billion in 2029 at a rate of 5.34%. The market is then expected to grow at a CAGR of 5.05% from 2029 and reach $3.68 billion in 2034.
Growth in the historic period resulted from the expansion of the automotive industry, growth in production of passenger and commercial vehicles, increasing government initiatives and growing disposable income. Factors that negatively affected growth in the historic period were increasing cost of raw materials used in automobiles.
Going forward, the growing popularity of electric vehicles, increasing urbanization, rising consumer preference for high-end cars with luxury features and rise in the automotive aftermarket industry and auto parts manufacturing will drive the growth. Factor that could hinder the growth of the auto-dimming mirror market in the future include economic uncertainties or downturns and restrictions on free trade.
The global auto-dimming mirror market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 24.69% of the total market in 2023. Gentex Corporation was the largest competitor with a 8.81% share of the market, followed by Magna International Inc with 6.12%, Samvardhana Motherson Group with 3.95%, Ficosa International SA with 2.41%, Murakami Corporation with 1.25%, Tokai Rika Co. Ltd with 0.64%, Honda Motor Co. Ltd with 0.63%, Glas Trösch Holding AG with 0.46%, Flabeg Automotive Glass Group GmbH with 0.40% and Global Media Industry Group Co. Ltd (Shenzhen Germid Co Ltd) with 0.03%.
Asia Pacific was the largest region in the auto-dimming mirror market, accounting for 35.67% or $790.84 million of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the auto-dimming mirror market will be Asia Pacific and South America where growth will be at CAGRs of 6.16% and 5.70% respectively. These will be followed by Africa and Middle East where the markets are expected to grow at CAGRs of 5.65% and 5.39% respectively.
The auto-dimming mirror market is segmented by fuel type into internal combustion engine, hybrid and electric. The internal combustion engine market was the largest segment of the auto-dimming mirror market segmented by fuel type, accounting for 58.84% or $1.3 billion of the total in 2024. Going forward, the electric segment is expected to be the fastest growing segment in the auto-dimming mirror market segmented by fuel type, at a CAGR of 11.45% during 2024-2029.
The auto-dimming mirror market is segmented by vehicle type into passenger vehicle and commercial vehicle. The passenger vehicle market was the largest segment of the auto-dimming mirror market segmented by vehicle type, accounting for 70.41% or $1.56 billion of the total in 2024. Going forward, the commercial vehicle segment is expected to be the fastest growing segment in the auto-dimming mirror market segmented by vehicle type, at a CAGR of 5.96% during 2024-2029.
The auto-dimming mirror market is segmented by functionality type into connected auto-dimming mirror and non-connected auto-dimming mirror. The non-connected auto-dimming mirror market was the largest segment of the auto-dimming mirror market segmented by functionality type, accounting for 59.88% or $1.32 billion of the total in 2024. Going forward, the connected auto-dimming mirror segment is expected to be the fastest growing segment in the auto-dimming mirror market segmented by functionality type, at a CAGR of 6.52% during 2024-2029.
The auto-dimming mirror market is segmented by application type into inside rear-view mirror and outside rear-view mirror. The inside rear-view mirror market was the largest segment of the auto-dimming mirror market segmented by application type, accounting for 56.10% or $1.24 billion of the total in 2024. Going forward, the outside rear-view mirror segment is expected to be the fastest growing segment in the auto-dimming mirror market segmented by application type, at a CAGR of 6.39% during 2024-2029.
The top opportunities in the auto-dimming mirror market segmented by fuel type will arise in the electric segment, which will gain $338.52 million of global annual sales by 2029. The top opportunities in the auto-dimming mirror market segmented by vehicle type will arise in the passenger vehicle segment, which will gain $438.7 million of global annual sales by 2029. The top opportunities in the auto-dimming mirror market segmented by functionality type will arise in the connected auto-dimming mirror segment, which will gain $330.59 million of global annual sales by 2029. The top opportunities in the auto-dimming mirror market segmented by application type will arise in the outside rear-view mirror segment, which will gain $353.7 million of global annual sales by 2029. The auto-dimming mirror market size will gain the most in China at $129.52million.
Market-trend-based strategies for the auto-dimming mirror market include focus on advancement in electrochromic devices for enhanced safety, focus on innovative tier variants revolutionizing auto dimming mirror technology, focus on role of auto-dimming mirrors in reducing glare and enhancing visibility and focus on advancements in auto-dimming mirror technology for enhancing vehicle safety and visibility.
Player-adopted strategies in the auto-dimming mirror market include focus on enhancing business capabilities through strategic partnerships and focus on enhancing business capabilities through new product developments.
To take advantage of the opportunities, the analyst recommends the auto-dimming mirror companies to focus on developing advanced electrochromic technology for vehicle mirrors, focus on expanding product variants with advanced features, focus on launching cutting-edge dimmable and integrated mirror solutions, focus on advancing camera and mirror technologies for improved vehicle visibility, focus on the electric vehicle segment for growth, focus on the commercial vehicle segment for growth, focus on the connected auto-dimming mirror segment for growth, expand in emerging markets, focus on expanding distribution channels for auto-dimming mirrors, focus on optimizing pricing strategies for auto-dimming mirrors, focus on strengthening digital marketing for auto-dimming mirrors, focus on leveraging trade partnerships for promotion of auto-dimming mirrors and focus on the outside rear-view mirror segment for growth.
The global auto-dimming mirror market reached a value of nearly $2.21 billion in 2024, having grown at a compound annual growth rate (CAGR) of 3.40% since 2019. The market is expected to grow from $2.21 billion in 2024 to $2.87 billion in 2029 at a rate of 5.34%. The market is then expected to grow at a CAGR of 5.05% from 2029 and reach $3.68 billion in 2034.
Growth in the historic period resulted from the expansion of the automotive industry, growth in production of passenger and commercial vehicles, increasing government initiatives and growing disposable income. Factors that negatively affected growth in the historic period were increasing cost of raw materials used in automobiles.
Going forward, the growing popularity of electric vehicles, increasing urbanization, rising consumer preference for high-end cars with luxury features and rise in the automotive aftermarket industry and auto parts manufacturing will drive the growth. Factor that could hinder the growth of the auto-dimming mirror market in the future include economic uncertainties or downturns and restrictions on free trade.
The global auto-dimming mirror market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 24.69% of the total market in 2023. Gentex Corporation was the largest competitor with a 8.81% share of the market, followed by Magna International Inc with 6.12%, Samvardhana Motherson Group with 3.95%, Ficosa International SA with 2.41%, Murakami Corporation with 1.25%, Tokai Rika Co. Ltd with 0.64%, Honda Motor Co. Ltd with 0.63%, Glas Trösch Holding AG with 0.46%, Flabeg Automotive Glass Group GmbH with 0.40% and Global Media Industry Group Co. Ltd (Shenzhen Germid Co Ltd) with 0.03%.
Asia Pacific was the largest region in the auto-dimming mirror market, accounting for 35.67% or $790.84 million of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the auto-dimming mirror market will be Asia Pacific and South America where growth will be at CAGRs of 6.16% and 5.70% respectively. These will be followed by Africa and Middle East where the markets are expected to grow at CAGRs of 5.65% and 5.39% respectively.
The auto-dimming mirror market is segmented by fuel type into internal combustion engine, hybrid and electric. The internal combustion engine market was the largest segment of the auto-dimming mirror market segmented by fuel type, accounting for 58.84% or $1.3 billion of the total in 2024. Going forward, the electric segment is expected to be the fastest growing segment in the auto-dimming mirror market segmented by fuel type, at a CAGR of 11.45% during 2024-2029.
The auto-dimming mirror market is segmented by vehicle type into passenger vehicle and commercial vehicle. The passenger vehicle market was the largest segment of the auto-dimming mirror market segmented by vehicle type, accounting for 70.41% or $1.56 billion of the total in 2024. Going forward, the commercial vehicle segment is expected to be the fastest growing segment in the auto-dimming mirror market segmented by vehicle type, at a CAGR of 5.96% during 2024-2029.
The auto-dimming mirror market is segmented by functionality type into connected auto-dimming mirror and non-connected auto-dimming mirror. The non-connected auto-dimming mirror market was the largest segment of the auto-dimming mirror market segmented by functionality type, accounting for 59.88% or $1.32 billion of the total in 2024. Going forward, the connected auto-dimming mirror segment is expected to be the fastest growing segment in the auto-dimming mirror market segmented by functionality type, at a CAGR of 6.52% during 2024-2029.
The auto-dimming mirror market is segmented by application type into inside rear-view mirror and outside rear-view mirror. The inside rear-view mirror market was the largest segment of the auto-dimming mirror market segmented by application type, accounting for 56.10% or $1.24 billion of the total in 2024. Going forward, the outside rear-view mirror segment is expected to be the fastest growing segment in the auto-dimming mirror market segmented by application type, at a CAGR of 6.39% during 2024-2029.
The top opportunities in the auto-dimming mirror market segmented by fuel type will arise in the electric segment, which will gain $338.52 million of global annual sales by 2029. The top opportunities in the auto-dimming mirror market segmented by vehicle type will arise in the passenger vehicle segment, which will gain $438.7 million of global annual sales by 2029. The top opportunities in the auto-dimming mirror market segmented by functionality type will arise in the connected auto-dimming mirror segment, which will gain $330.59 million of global annual sales by 2029. The top opportunities in the auto-dimming mirror market segmented by application type will arise in the outside rear-view mirror segment, which will gain $353.7 million of global annual sales by 2029. The auto-dimming mirror market size will gain the most in China at $129.52million.
Market-trend-based strategies for the auto-dimming mirror market include focus on advancement in electrochromic devices for enhanced safety, focus on innovative tier variants revolutionizing auto dimming mirror technology, focus on role of auto-dimming mirrors in reducing glare and enhancing visibility and focus on advancements in auto-dimming mirror technology for enhancing vehicle safety and visibility.
Player-adopted strategies in the auto-dimming mirror market include focus on enhancing business capabilities through strategic partnerships and focus on enhancing business capabilities through new product developments.
To take advantage of the opportunities, the analyst recommends the auto-dimming mirror companies to focus on developing advanced electrochromic technology for vehicle mirrors, focus on expanding product variants with advanced features, focus on launching cutting-edge dimmable and integrated mirror solutions, focus on advancing camera and mirror technologies for improved vehicle visibility, focus on the electric vehicle segment for growth, focus on the commercial vehicle segment for growth, focus on the connected auto-dimming mirror segment for growth, expand in emerging markets, focus on expanding distribution channels for auto-dimming mirrors, focus on optimizing pricing strategies for auto-dimming mirrors, focus on strengthening digital marketing for auto-dimming mirrors, focus on leveraging trade partnerships for promotion of auto-dimming mirrors and focus on the outside rear-view mirror segment for growth.
Major Market Trends
- Advancement in Electrochromic Devices For Enhanced Safety
- Innovative Tier Variants Revolutionizing Auto Dimming Mirror Technology
- Role of Auto-Dimming Mirrors in Reducing Glare and Enhancing Visibility
- Advancements in Auto-Dimming Mirror Technology For Enhancing Vehicle Safety and Visibility
Key Mergers and Acquisitions
- Samvardhana Motherson International Acquired Ichikoh Industries
- Motherson Sumi Systems Acquired Nanchang JMCG
- Gentex Acquired Guardian Optical Technologies
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Auto-Dimming Mirror Market - Macro Economic Scenario
9 Global Market Size and Growth
10 Global Auto-Dimming Mirror Market Segmentation
11 Auto-Dimming Mirror Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
22 Key Mergers and Acquisitions
23 Opportunities and Strategies
24 Auto-Dimming Mirror Market, Conclusions and Recommendations
25 Appendix
Executive Summary
Auto-Dimming Mirror Global Market Opportunities And Strategies To 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global auto-dimming mirror market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for auto-dimming mirror? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The auto-dimming mirror market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider auto-dimming mirror market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by fuel type, by vehicle type, by functionality type and by application type.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the auto-dimming mirror market.
- Global Market Size And Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by fuel type, by vehicle type, by functionality type and by application type in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations - This section includes recommendations for auto-dimming mirror providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Fuel Type: Internal Combustion Engine; Hybrid; Electric2) By Vehicle Type: Passenger Vehicle; Commercial Vehicle
3) By Functionality Type: Connected Auto-Dimming Mirror; Non-Connected Auto-Dimming Mirror
4) By Application Type: Inside Rear-View Mirror; Outside Rear-View Mirror
Key Companies Mentioned: Gentex Corporation; Magna International Inc; Samvardhana Motherson Group; Ficosa International SA; Murakami Corporation
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; auto-dimming mirror indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
The major companies featured in this Auto-Dimming Mirror market report include:- Gentex Corporation
- Magna International Inc
- Samvardhana Motherson Group
- Ficosa International SA
- Murakami Corporation
- Tokai Rika Co. Ltd
- Honda Motor Co. Ltd
- Glas Trösch Holding AG.
- Flabeg Automotive Glass Group GmbH
- Global Media Industry Group Co. Ltd (Shenzhen Germid Co Ltd)
- Konview Electronics Corporation Limited
- Ambilight Inc
- Shandong Seto Environmental Technologies Co., Ltd
- Zhejiang Huaqirui Material Co., Ltd
- Valeo
- Faurecia
- Bosch Automotive
- Continental
- FLABEG
- Stoneridge
- Panasonic Automotive Systems Co Ltd
- Harman
- Visteon Corporation
- Texas Instruments
- SL Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 282 |
| Published | March 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 2.21 Billion |
| Forecasted Market Value ( USD | $ 3.68 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
