According to a new report, published by KBV research, The Global Auto Dimming Mirror Market size is expected to reach $3.3 billion by 2030, rising at a market growth of 5.3% CAGR during the forecast period.
The Hybrid segment is registering a CAGR of 5.7% during (2023 - 2030). In electric-only mode, hybrid vehicles rely solely on electric power, often used for short-distance driving. Auto-dimming mirrors reduce eyestrain during extended electric-only driving, providing drivers with a comfortable and visually optimized experience. Hybrids aim to reduce fuel consumption and emissions, including advanced safety features like auto-dimming mirrors, which align to promote sustainable and eco-friendly driving practices.
The Passenger Cars segment is leading the Global Auto Dimming Mirror Market, By Vehicle Type in 2022; thereby, achieving a market value of $12 billion by 2030. Auto-dimming mirrors are beneficial for drivers in urban environments with frequent changes in lighting conditions. They help maintain visibility in areas with varying ambient light levels, such as city streets with numerous streetlights and signage. Integrating auto-dimming mirrors aligns with the automotive industry’s trend toward innovative and aesthetically pleasing designs. These mirrors contribute to the overall visual appeal of passenger vehicles.
The Outside Rear-view Mirror segment is experiencing a CAGR of 5.7% during (2023 - 2030). The adaptive nature of auto-dimming mirrors in outside rear-view mirrors allows them to dynamically adjust to surrounding light conditions. This ensures optimal performance in various environments, offering drivers a reliable tool for maintaining visibility. Auto-dimming outside rear-view mirrors may offer customization options, allowing drivers to set preferences for dimming levels or adjust sensitivity to ambient light. This customization enhances the user experience and accommodates individual preferences.
Full Report: https://www.kbvresearch.com/auto-dimming-mirror-market/
The Asia Pacific region dominated the Global Auto Dimming Mirror Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.3 billion by 2030. The Europe region is poised to grow a CAGR of 4.6% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 4.8% during (2023 - 2030).
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