LAMEA Auto Dimming Mirror Market

LAMEA Auto Dimming Mirror Market Size, Share & Trends Analysis Report By Fuel Type (Internal Combustion Engine, Hybrid, and Electric), By Vehicle Type (Passenger Cars, and Commercial Vehicles), By Application, By Country and Growth Forecast, 2023 - 2030

Report Id: KBV-20324 Publication Date: February-2024 Number of Pages: 111
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Analysis of Market Size & Trends

The Latin America, Middle East and Africa Auto Dimming Mirror Market would witness market growth of 7.5% CAGR during the forecast period (2023-2030).

Manufacturers are exploring innovative designs and form factors for auto-dimming mirrors. This includes sleeker and more aerodynamic designs, as well as the incorporation of advanced materials to enhance both functionality and aesthetics. Some auto-dimming mirrors incorporate smart maintenance features, such as self-cleaning mechanisms. This addresses the challenge of maintaining clear reflective surfaces by utilizing technologies like hydrophobic coatings or integrated cleaning systems, ensuring optimal visibility. Integrating biometric sensors into auto-dimming mirrors is an innovative approach to enhance driver safety. Sensors monitor the driver's vital signs, such as heart rate and stress levels, providing insights into the driver's alertness. Mirror settings can then be adjusted, or alerts can be triggered based on the driver's physiological state.

Innovations in smart maintenance features address the challenges of maintaining clear reflective surfaces. Some auto-dimming mirrors incorporate self-cleaning mechanisms, such as hydrophobic coatings or integrated cleaning systems, ensuring the mirrors remain free from dirt, water droplets, and contaminants for optimal visibility. Ongoing research in smart glass technologies, beyond electrochromic solutions, explores new possibilities for auto-dimming mirrors. Dynamic glass, which can alternate between transparent and opaque states, offers further features for better visibility and privacy.

According to the Dubai Water and Electricity Authority, the number of EVs in Dubai is predicted to be about 7,331 in 2023 and 12,852 by 2025. This supports Dubai’s Green Mobility Strategy 2030, which mandates that by 2030, 30% of public sector vehicles and 10% of all new vehicle sales will be electric or hybrid. Electric vehicles are well-suited for urban environments, and modern and bustling cities characterize the UAE. The reduced glare from oncoming headlights improves visibility, addressing concerns about nighttime driving in the UAE. The UAE, known for its affluent market, sees a growing interest in luxury and high-end electric vehicles. As the automotive industry in the UAE values innovation and design, including advanced safety features enhances the appeal of electric vehicles. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.

The Brazil market dominated the LAMEA Auto Dimming Mirror Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $75 million by 2030. The Argentina market is showcasing a CAGR of 8.7% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.2% during (2023 - 2030).

Free Valuable Insights: The Worldwide Auto Dimming Mirror Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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List of Key Companies Profiled

  • Magna International, Inc.
  • Samvardhana Motherson International Ltd
  • Ficosa International S.A
  • Gentex Corporation
  • Murakami Corporation
  • MinebeaMitsumi Inc. (Honda Lock Mfg. Co., Ltd.)
  • Tokai Rika Co., Ltd.
  • Konview Electronics Corporation Limited
  • SHENZHEN GERMID CO., LTD.
  • FLABEG Automotive Glass Group GmbH

LAMEA Auto Dimming Mirror Market Report Segmentation

By Fuel Type

  • Internal Combustion Engine
  • Hybrid
  • Electric

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

By Application

  • Inside Rear-view Mirror
  • Outside Rear-view Mirror

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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