The Asia Pacific Auto Dimming Mirror Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030).
An auto dimming mirror is a rearview mirror that reduces glare and improves driver safety. This feature's ability to automatically darken the mirror in response to bright light is made possible via electrochromism technology. Consumer preferences have shifted towards vehicles with advanced safety features, contributing to a safer and more comfortable driving experience. By reducing glare and enhancing visibility, auto-dimming mirrors address a key concern for many drivers, making them a desirable feature for many consumers. Auto-dimming mirrors rely on sophisticated sensor technologies to detect ambient light and adjust the tint. Continuous advancements in sensor technology, including improved sensitivity and faster response times, have enhanced the overall performance of auto-dimming mirrors, making them more reliable and effective.
The integration of auto-dimming mirrors with ADAS has further accelerated their adoption. By becoming a part of comprehensive safety suites, these mirrors contribute to features such as blind-spot detection, lane departure warning, and collision avoidance, making them an integral component of modern vehicle safety systems. As information about automotive safety features becomes more accessible to consumers, there is a growing awareness of the benefits of auto-dimming mirrors. This increased awareness has translated into higher demand, prompting automakers to prioritize the inclusion of these mirrors in their vehicle designs.
According to the report titled Cities as Engines of Growth, published in 2022 by the Government of India, the population of urban areas in India is projected to have increased approximately fourfold, from 109 million in 1970 to 460 million in 2018. The country is projected to experience an additional 416 million inhabitants in its urban areas by 2050, resulting in a 50 percent urban population share. It is already the second-largest urban community globally. As per the State Council of China, urbanization has accelerated rapidly throughout China in recent years, with the National Bureau of Statistics estimating that the rate increased to 64.72 percent last year. As of the end of 2022, 914 million people were living in cities, an increase of 12.05 million from 2021. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.
The China market dominated the Asia Pacific Auto Dimming Mirror Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $329.3 million by 2030. The Japan market is registering a CAGR of 4.9% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.3% during (2023 - 2030).
Free Valuable Insights: The Global Auto Dimming Mirror Market is Predict to reach $ 3.3 Billion by 2030, at a CAGR of 5.3%
Based on Fuel Type, the market is segmented into Internal Combustion Engine, Hybrid, and Electric. Based on Vehicle Type, the market is segmented into Passenger Cars, and Commercial Vehicles. Based on Application, the market is segmented into Inside Rear-view Mirror, and Outside Rear-view Mirror. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Fuel Type
By Vehicle Type
By Application
By Country
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