According to the research report titled ‘Global Auto Dimming Mirror Market Size study with COVID-19 impact, by Fuel (Ice, BEV and Others (Hybrid)), by Application (Outer Rear-View Dimming Mirror and Inside Rear-View Dimming Mirror), by Vehicle type (Light Commercial Vehicles and Passenger Vehicles), Functionality (Connected Auto Dimming Mirror and Non-Connected Auto Dimming Mirror) and Regional Forecasts 2020-2027’, available with Market Study Report, global auto dimming mirror market was remunerated at USD 1.80 billion in 2019 and is expected to grow with a CAGR of 6.9% during 2020-2027.
 

Increasing production of automotive, both commercial and passenger vehicles, is the key factor stimulating the growth of global auto dimming mirror market. As per International Organization of Motor Vehicle Manufacturer (OICA), in 2016, passenger cars production accounted for 72.10 million units, which increased to 73.45 million units in 2017.
 

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For those unversed, auto dimming mirrors are a component of vision-based safety system, fitted in order to reduce glare produced by the headlights of trailing vehicles at nighttime. The materials used to design and build these mirrors can alter the hue & color when activated by external stimuli. Notably, auto dimming mirrors play a major role in providing clear vision and blocking glare, hence ensuing driver’s safety, which in turn is propelling the market growth.
 

Coming to the restraints, growing usage of camera and display based systems is anticipated to hinder worldwide auto dimming mirror industry forecast.
 

Based on fuel type, the market is split into BEV, ICE, and others (hybrid). With respect to application spectrum, worldwide auto dimming mirror market is divided into inside rear-view dimming mirror, and outer rear-view dimming mirror. As per vehicle type, the industry is segmented into passenger vehicles, and light commercial vehicles. Moving on to functionality type, the market is classified into non-connected auto dimming mirror, and connected auto dimming mirror.
 

Speaking of the regional scope, North America auto dimming mirror industry is poised to expand modestly over 2020-2027, on account of increasing fatal incidents at nighttime.
 

On the other hand, Asia Pacific market is expected to record a considerable growth over the coming years, creditable to rising production of passenger cars and commercial vehicles.
 

Established firms in global auto dimming mirror market are Flabeg Technical Glass US Corporation, Honda Lock Mfg. Co. Ltd., SL Corporation, Tokai Rika Co. Ltd., Murakami Co. Ltd., Ichikoh Industries Ltd., Ficosa Corporation, Magna International, Samvardhana Motherson Group, and Gentex Corporation.