Automotive Auto Dimming Mirror Market

Automotive Auto Dimming Mirror Market: New Product Launches by Ficosa and Magna International Inc. to Create Significant Sales Opportunities, says Fortune Business Insights™

Automotive Auto Dimming Mirror Market  | 2021 Automotive Industry Global Analysis By Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2026 is latest study published by Fortune Business Insights. The Global Automotive Auto Dimming Mirror Market expected to rise at a 12.6% CAGR and reach USD 2013 million a valuation of by 2028.Automotive Auto Dimming Mirror Market Size, Share & Industry Analysis, By Type (Connected, Non-connected), By Application Type (Inside Rear View Mirror (IRVM), Outside Rear View Mirror (ORVM)), By Vehicle Type (Passenger cars, Commercial Vehicles) Others and Regional Forecast, 2021-2028

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Major Automotive Auto Dimming Mirror Studied In Report:

• Ficosa (Spain)
• Magna International Inc. (Canada)
• Gentex (U.S)
• Motherson Group (Germany)
• Among others

Global Automotive Auto Dimming Mirror Market Highlights:

The global automotive auto dimming mirror market size is likely to expand owing to increasing demand for safety features in automotive during the forecast period. Fortune Business Insights, in its latest report, titled “Automotive Auto Dimming Mirror Market Size, Share & Industry Analysis, By Type (Connected, Non-connected), By Application Type (Inside Rear View Mirror (IRVM), Outside Rear View Mirror (ORVM)), By Vehicle Type (Passenger cars, Commercial Vehicles) Others and Regional Forecast, 2019-2026.”, states that once the lockdown phase owing to global pandemic COVID-19 gets over, the automotive sector is expected to pick up pace gradually.

The COVID-19 pandemic has had a seismic effect on several economies across the globe. To curb the pandemic spread, the governments of several countries have ordered complete lockdown of industrial and human activities. This is expected to have a significant impact on the market in 2020. However, proactive steps by the industry leaders to revive the automotive industry will bode well for the growth of the market in the near future.

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Regional Analysis:

Among the regions, Asia-Pacific is expected to lead the automotive auto dimming mirror market revenue during the forecast period. This is ascribable to factors such as rising disposable income and increasing demand for passenger vehicle segment. North America, on the other hand, is likely to witness substantial growth during the projected horizon. This is attributable to factors such as strict government regulation regarding safety of vehicles and increasing adoption of safety features in vehicles by the major manufacturers. Overall, the market in Europe is anticipated to rise during the forecast period. Factors such as increasing demand for advanced safety features and strict government regulation for safety on roads will contribute to the growth of the market between 2019 and 2026.

In January 2020, Gentex Corporation, a leading auto dimming mirror manufacturer, announced its joint deal with Aston Martin to develop a camera-based rear vision system for all the future Aston Martin vehicles. The system is capable of largely improving the driver’s ability to monitor traffic from all sides of the vehicle. Additionally, the Company has integrated the first prototype of the system into an Aston Martin DBS Superleggera that was displayed at 2020 Consumer Electronics Show (CES), Las Vegas. Adoption of strategies such as merger and acquisition, collaboration, and joint venture by the companies to gain maximum share and maintain market stronghold is likely to drive the growth of the market in the forthcoming years.

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