Automotive Mirror Dimming Market Global Industry Analysis 2018 To 2023

Posted by Abhijeet Bendre on October 30th, 2018

Automotive Mirror Dimming Market is segmented by Fuel Type (Battery Electric Vehicle (BEV), Internal Combustion Engine (ICE) and Hybrid Vehicle), By Application (Inside Rear-View Mirror (IRVM) and Outside Rear-View Mirror (ORVM)), By Vehicle Type (Passenger Vehicle and Commercial Vehicle), By Functionality (Connected and Non-Connected) and By Region - Global Forecast to 2023.

Global automotive mirror dimming market has witnessed gradual growth in recent years, and is expected to grow steadily in the forecast period. The global automotive mirror dimming market is primarily driven due to increasing awareness about vehicle and passenger safety. The safety of passengers and vehicles, has become the prime concern of vehicle buyers. According to the global status report on road safety 2015, more than 1.2 million road traffic deaths occur each year, globally. To reduce these accidents, OEMs (Original Equipment Manufacturers) are integrating different safety features in automotive mirrors. This integration of safety features is expected to drive the automotive mirror dimming market.

Global automotive mirror dimming market augments the safety and ease of the driver, as they do not require the driver to adjust the inside rear-view mirror (IRVM) and outside rear-view mirror (ORVM). Automotive mirror dimming can control the movement of the rear-view mirror at various speeds when the system is switched on. Improvement in the technological advancement, rise in production of vehicles, and increase in demand for luxury features, are the key factors that drive the automotive mirror dimming market. Implementation of automotive mirror dimming, is driven by the rise in use of advanced electrical features in vehicles. However, their demand has increased due to rise in the number of road accidents, across the world. The overall cost of vehicles has increased due to the integration of advanced electrical feature, which acts as a restraint to the automotive mirror dimming market.

Browse more details on this "Automotive Mirror Dimming Market Report 2018" report at: https://www.marketresearchfuture.com/reports/automotive-mirror-dimming-market-4826

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Abhijeet Bendre

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Abhijeet Bendre
Joined: February 20th, 2018
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