The North America Auto Dimming Mirror Market would witness market growth of 4.8% CAGR during the forecast period (2023-2030).
The automotive industry is witnessing a shift towards smart and connected vehicles. With their integration capabilities and potential for connectivity, auto-dimming mirrors align with this trend. As the industry embraces smart technologies, adopting auto-dimming mirrors will likely continue growing. Positive experiences and reviews from early adopters have played a crucial role in influencing potential buyers. As more drivers experience the benefits of auto-dimming mirrors firsthand, word-of-mouth recommendations and online reviews contribute to a positive perception, further driving adoption.
Auto-dimming mirrors are designed to be customizable, allowing drivers to personalize their settings based on individual preferences. This includes adjusting the dimming level, choosing specific display overlays, and tailoring the user interface to create a more personalized driving experience. With the rise of connected cars, auto-dimming mirrors are evolving into connected devices. They can communicate with other vehicle systems, sharing information about driving conditions, weather updates, and road hazards. This connectivity contributes to improved situational awareness for the driver. Auto-dimming mirrors are designed to be energy-efficient. They typically consume low power, ensuring they contribute to the vehicle's overall energy conservation efforts without compromising performance.
As per the International Trade Administration, Mexico City is the world's fifth most populous city, with 21 million people and 33.4 million vehicles. In 2018, Mexico recorded a 68 percent increase in EV sales, and hybrid vehicle sales surpassed 17,800 units compared to 2017. 955,393 electric and hybrid vehicles were sold in 2019 from January through September. EVs are well-suited for urban driving, and Mexico's major cities are experiencing a growth in electric vehicle infrastructure. With its diverse consumer base, the Mexican city sees a growing interest in luxury and high-end electric vehicles. Positive feedback from electric vehicle owners who have experienced the benefits of auto-dimming mirrors contributes to word-of-mouth recommendations in Mexico. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Auto Dimming Mirror Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $598.3 million by 2030. The Canada market is experiencing a CAGR of 7.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.2% during (2023 - 2030).
Free Valuable Insights: The Auto Dimming Mirror Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
By Fuel Type
By Vehicle Type
By Application
By Country
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