Dimming Mirror Market is Segmented By Operation (Manual, Automatic), By Vehicle (Passenger Cars, Commercial Vehicles), By Application (Inside Rear-View Mirror, Outside Rear-View Mirror), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029
Market Overview
The global dimming mirror market reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2022-2029.
Dimming mirrors are the particular type of rearview mirrors that can dim the light reflecting from their surface. The mirrors significantly reduce the glare of light coming from trailing vehicles, reducing driver fatigue. Naturally, such mirrors prove valuable while driving on heavy traffic roads at night. Internal and external rearview mirrors fitted on a car can be of dimming type. Auto-dimming mirrors are functional during nighttime driving in that they automatically reduce the glare caused by other vehicles' headlights in rearview mirrors.
The mirrors help drivers keep their attention on the road instead of being blinded by other vehicles' headlights. Auto-dimming side mirrors are helpful, as they can dim the light reflecting from their surface. It reduces the glare from the headlights of cars behind the driver. The mirrors also increase safety and reduce driver fatigue, especially on long trips that involve a lot of freeway driving.
Source: DataM Intelligence Analysis (2022)
Market Dynamics
The rising number of accidents at night is expected to boost the dimming mirror market during the forecast period.
Rising number of accidents at night
Automobile accidents are the primary cause of injury-related deaths worldwide; therefore, automotive manufacturers must continue discovering and improving automotive safety devices to prevent further injuries and fatalities. Despite 60% less traffic on the roads, over 40% of fatal car accidents occur at night. Auto-dimming rearview mirrors are essential car accessories that eliminate glare and enable the driver to drive more safely and stay focused on the road. The headlight glare in the rearview mirror, coming from the vehicles behind, distracts the driver's attention and can be more dangerous on dark highways. Research shows that headlight glare from cars traveling behind can reflect on the rearview, obstructing the user's vision and contributing to fatigue while driving at night. This glare can also slow the reaction time and increase the time needed to stop the car in emergencies.
Various leading automotive companies are considering dimming mirrors as an essential feature. For instance, in 2021, Tesla’s 2021.24 updates have started rolling out, including several improvements and new features. Among these is the capability to access Disney, including auto-dimming Mirrors and other novel features that make the Tesla ownership experience even more convenient.
The advent of rearview cameras in the sector
The automotive companies are replacing mirrors with rearview cameras, which will impact the market's sales. Recently, U.S. traffic safety regulators have explored whether automakers can substitute exterior rearview mirrors with rear-facing cameras. The National Highway Traffic Safety Administration looks to replace side and rearview mirrors in cars with high-tech camera monitoring systems.
Moreover, there have been various quality issues regarding installing the dimming mirror, which will be another significant factor in restraining the market. For instance, Mazda North American Operations recalls about 22,571 2019 Mazda3 vehicles fitted with manual dimming mirrors because of the adhesive between the weak bonding between the interior rearview mirror and the housing. Without the rearview mirror, rearward visibility has been reduced, raising the chances of a collision.
COVID-19 Impact Analysis
COVID-19 has negatively impacted the dimming mirror market due to lower automotive production. After a bleak 2019, which saw a marked decline of almost 5% in world automotive production and ended 10 years of growth, the world auto industry faced a new challenge in 2020 due to the COVID pandemic. In 2020, the automotive industry declined 16% of production to less than 78 million vehicles, equivalent to 2010's sales levels. All primary manufacturing countries had witnessed sharp decreases, ranging from 11% to 40%. The NAFTA region saw production declining by over 20%, with U.S. manufacturing declining by 19%.
Moreover, the aftermarket market has also been impacted due to a decline in transportation activities. The global road transport activity was almost 50% below the 2019 average by the end of March 2020. The COVID-19 pandemic and associated restrictions in 2020, such as stay-at-home orders, led to a drastic drop in road travel. The average number of all personal car trips fell by 45% in April 2020 and 40% for trips by all transportation modes.
Segment Analysis
The global dimming mirror market is segmented based on operation, vehicle and application.
Rising expenditure on luxury cars is expected to boost the demand for auto-dimming mirrors
The global dimming mirror market is segmented into manual and automatic based on operation. Auto-dimming mirrors automatically dim and clear in response to ambient and incident light levels. According to studies, headlight glare from automobiles approaching from behind, reflected in the rearview mirrors, can impair eyesight and cause drowsiness while driving at night. The glare can also harm the reaction speed and lengthen its time to stop in an emergency completely. An ambient light sensor and rear-facing glare sensor are used in auto-dimming mirrors. However, auto-dimming mirrors have one disadvantage over manually adjusted mirrors with two reflective surfaces: they require power and cannot be attached to a conventional windshield with no wire connections.
Consumers are spending and demanding new and modified features in the automotive industry. For instance, in 2021, Toyota has rebooted the Mirai as a premium rear-wheel-drive sports luxury with a striking design, more engaging driving performance and a significantly longer EPA-estimated range rating. The Mirai XLE comes with an auto-dimming rearview mirror and an electronic parking brake.
Source: DataM Intelligence Analysis (2022)
Geographical Analysis
Growing automotive production will boost the demand for dimming mirrors in Asia-Pacific
The region's automotive production should be considered the primary factor that caters to the market expansion of dimming mirrors. Countries like China and India establish themselves as automotive hotspots, accounting for a considerable portion of global car sales and production. The demand for automotive mirrors in this region is directly related to vehicle production. To meet the region's growing demand for dimming mirrors and take advantage of lower manufacturing costs, the top manufacturers are migrating production facilities to these nations and focusing on increasing their domestic market share.
According to the Organisation Internationale des Constructeurs d'Automobiles report, these countries accounted for roughly half of worldwide car production. With reduced technology costs and increasing demand, many "luxury" features such as auto-dimming IRVM, LED DRLs, cooled glovebox and more have begun to trickle down to mass-market cars. Various leading companies are now launching new vehicles with dimming mirrors in the region. For instance, in 2020, Jaguar Land Rover India launched the Discovery Sport SUV with innovations such as day/night mirrors and rearview mirrors with automatic dimming.
According to a World Bank report, despite having only 1% of the world's automobiles, India accounts for 11% of worldwide road fatalities, the most in the world. Over 4.5 lakh vehicle accidents occur globally, with 1.5 lakh people killed every year. Moreover, the countries have different regulations regarding the use of rearview mirrors, which will boost the market demand. For instance, Japanese regulation, Article 44, a performance-based requirement for rearview mirrors. For light vehicles, rearview mirrors must be present to check the traffic situation around the left-hand lane edge and behind the car from the driver's seat.
Source: DataM Intelligence Analysis (2022)
Competitive Landscape
The global dimming mirror market is fragmented and contains OEMs and aftermarket players. The market has been gaining competitiveness with rising sales of luxury cars. Major players in the market include Magna Electronics, Samvardhana Motherson Reflectec, Dakota Automotive Products Inc, Murakami Corporation, Ficosa Internacional SA, Gentex, Shenzhen Germid Co., Ltd, Urakami, Shenzhen Germid Co and Honda Lock Mfg. Co. Ltd, among others.
The major players in the market are known to incorporate numerous market strategies to achieve growth in the global dimming mirror market; these include acquisitions, product launches and collaborations.
- For instance, in 2021, Gentex Corporation began shipping to Volkswagen its Bluetooth-enabled automatic-dimming mirror with HomeLink integrated buttons, which can operate a wide range of radio frequency and cloud-based smart home devices.
Metra Electronics
Overview: Metra Electronics is an American automotive electronics company specializing in audio electronics systems and 12-volt accessories. The company is located in Rowlett, TX, U.S. manufactures automotive parts and accessories.
Product Portfolio:
- OE Style Auto-Dimming Mirror - Built-In 4.3 Inch Monitor: The mirror automatically adjusts based on the lighting conditions. Sensors on the rear and front of the mirror alter the brightness of the mirror and the monitor as they notice weak or strong light sources from headlights, traffic or sunlight.
- Key Development: In 2019, Metra Electronics announced two universal replacement rearview mirror monitors. The auto-dimming mirror with a 4.3” built-in screen and a 9” touchscreen mirror monitor and camera kit will be available. The solutions will allow the drivers to improve technology with high-quality aftermarket products.
Why Purchase the Report?
- To visualize the global dimming mirror market segmentation by operation, vehicle, application and region and understand key commercial assets and players.
- Identify commercial opportunities in the global dimming mirror market by analyzing trends and co-development.
- Excel data sheet with numerous data points of dimming mirror market-level with four segments.
- PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
- Product mapping available in excel consists of key products of all the major market players
The global dimming mirror market report would provide approximately 61 tables, 49 figures and almost 220 pages.
Target Audience 2022
- Buyers
- Industry Investors/Investment Bankers
- Manufacturers
- OEM’s
- Aftermarket Suppliers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Distributors
