Global Auto Dimming Mirror Market to Reach $2.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Auto Dimming Mirror estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2027, growing at aCAGR of 3% over the period 2020-2027. Inside Rear-View Mirror, one of the segments analyzed in the report, is projected to record 2.4% CAGR and reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Outside Rear-View Mirror segment is readjusted to a revised 4.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $497.9 Million, While China is Forecast to Grow at 2.9% CAGR
The Auto Dimming Mirror market in the U.S. is estimated at US$497.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$373.1 Million by the year 2027 trailing a CAGR of 2.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 2.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.We bring years of research experience to this 9th edition of our report. The 217-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Ficosa International SA
- FLABEG Automotive Holding GmbH
- Gentex Corporation
- Honda Motor Co., Ltd.
- Ichikoh Industries Ltd.
- Konview Electronics Corporation Limited
- Magna International, Inc.
- Murakami Corporation
- Samvardhana Motherson Group
- Shenzhen Germid Co., Ltd.
- SL Corporation
- Tokai Rika Co., Ltd.