Smart Mirror Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032F, Segmented By Installation Type (Wall Mounted, Free Standing), By Application (Residential, Commercial), By Distribution Channel (Direct Sales, Indirect Sales), By Region, Competition

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format

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Forecast Period 2024-2028
Market Size (2022) USD 3.1 Billion
CAGR (2023-2028) 16.9%
Fastest Growing Segment Indirect Sales
Largest Market North America

Smart Mirror Market Size And Forecast

Smart Mirror Market size was valued at USD 3.1 Billion in 2023 and is projected to reach USD 7.2 Billion by 2030, growing at a CAGR of 16.9% during the forecast period 2024-2030.

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The Smart Mirror Market encompasses technologically advanced mirrors integrated with digital displays and connectivity features, designed for a wide range of applications including automotive, healthcare, residential, and retail sectors. These mirrors are equipped with sensors, cameras, touch capabilities, and internet connectivity, enabling functionalities such as interactive displays, virtual assistance, personalized user interfaces, and enhanced security. Smart mirrors combine traditional reflective surfaces with smart technologies to provide users with information, entertainment, and interactive experiences, thus transforming the conventional utility of mirrors.

Smart mirrors have a digital screen behind the glass and can be connected to phone using Bluetooth or Wi-Fi. Customers can usually get information like date and time, the daily news, weather forecast, and traffic reports through this display. Most smart mirrors come with built in LED lights, so customers can adjust the color and temperature to get the best possible lighting. Some smart mirrors also play music through bluetooth and allow customers to make phone calls or access apps on their smartphones.

Global Smart Mirror Market Scope

Things are changing fast! Technology and all those wirelessly connected gadgets are making everyday life better for a lot of us. This whole world of interactive computing and communication has given us tons of new devices and products, bringing multimedia smarts into the mix to make things comfortable, secure, and convenient. Think Smart Appliances, Smart Phones, and even Automatic Cars, just to name a few. This fast-paced lifestyle is driving the creation of Home Automation Projects everywhere. Now, Smart Home Designs are getting super important so we can have cool, easy-to-use services, like the Smart Mirror. That lets you manage and control all the electrical stuff in your house by connecting everything through a network.

Global Smart Mirror Market Overview

It's amazing how technology is changing our lives, especially with all these wireless, connected devices! Think about ita recent study showed that 78% of people in the USA looking to buy a home are ready to spend more for a smart home. And get this – smart mirrors are becoming a thing! They're not just mirrors; they're packed with artificial intelligence, giving you updates on the weather, news, and all the top headlines. This Smart Mirror could really push the smart home concept forward. It uses an LED monitor behind a special single-way mirror, so it looks and acts like a normal mirror. But on top of that, it gives you personalized info, like up-to-the-minute news flashes, public headlines, weather reports, and even updates tailored to your specific interests.

Companies are offering wide range of smart mirror options to cater to different consumer preferences and needs. There are basic models that provide LED lightening, while advanced models offer additional features like motion sensor, defogging feature, and camera for live workout session.

Global Smart Mirror Market Driver

The market for electronics and appliances is expanding rapidly due to the prevalence of technology across a wide range of product segments. Consumers are increasingly choosing smart home appliances over traditional appliances, due to their increased disposable income and the desire to enhance their lifestyle. In the United States, there are an average of 8 smart devices per household. Innovation and the ever-evolving needs and

Smart mirrors can be used to track and enhance various aspects of wellness, such as tracking fitness, correcting posture, and analyzing skincare. The smart mirror can be used in monitoring fitness regime and track progress over time. The combination of health-related features makes smart mirrors a valuable tool for people who want to live a healthier lifestyle and will fuel the market in the forecast period.

Global Smart Mirror Market Trends

The global Smart Mirrors market is really changing, with some cool trends popping up! People are loving these mirrors because they do more than just reflect – think displaying the time, date, weather, and even the news! You can chat with them using your voice and even connect them to your phone using an Android app. Take INDE LLC, for example. They just launched Vyu, a super neat smart mirror that lets you virtually "try on" clothes. It's like having a digital fitting room right there, helping retailers show off their clothes in a fun, interactive way. Ultimately, these smart mirrors are all about saving you time and making your life easier, which is a big part of the whole home automation thing. Learn more here!

MIR Segment1

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Global Smart Mirror Market Challenges

Okay, so one of the biggest hurdles for smart mirrors is simply the price. Making them is pretty expensive! It's all that fancy tech inside – cameras, touchscreen displays, sensors, even voice recognition – that really drives up the cost. Because of this, they're pricier than regular mirrors, and you just don't see as many of them around. Plus, keeping them running smoothly isn't cheap either, which makes them less appealing to some buyers. To really take off, companies could focus on making them better, like improving how sensitive the sensors are and taking customer privacy seriously. Another problem is that not enough people know what smart mirrors can even do! They're still pretty new, so folks just aren't aware of all the cool features and benefits. So, between the high costs and a lack of awareness, it's slowing down the growth of the smart mirror market.

Recent Developments

  • Portl, a fitness technology company, launched its innovative Smart Mirror-based Personalized Fitness & Wellness Device in 2022. The life-sized interactive fitness mirror is equipped with biometrics, high-definition cameras, edge AI processing, Wi-Fi, and Bluetooth connectivity.
  • In 2022, A new smart mirror was introduced by MySize, that enables customers to virtually try on garments and receive fit recommendations.
  • In 2022, Wellnesys, an Indian start-up company, announced the launch of ARIA, a smart mirror, which combines augmented reality/virtual reality (AR/VR), computer vision, and smart sensing to deliver immersive and interactive digital experiences through Smart TVs and smart mirrors.

Global Smart Mirror Market Opportunities

Okay, so retail is changing fast thanks to all this digital stuff popping up in our appliances! Imagine smart mirrors totally shaking up how we shop for clothes. They could become like virtual fitting rooms, giving you a super personalized experience. Think about ityou could virtually try on clothes and accessories, experiment with different looks, and even get recommendations tailored to your body and what you like. This could seriously make shopping way more fun, reduce the number of returns we all make, and, of course, boost sales both online and in stores. That's why retailers are grabbing onto things like smart retail robots, smart mirrors, and even those smart carts. Basically, retail is evolving from the old brick-and-mortar model to something much more digital. Smart mirrors are a big part of keeping customers engaged and helping stores make more money, which means the market for them is going to be huge.

There has been a significant increase in the number of connected gadgets found at to consumers, ranging from connected home appliances such as television, kettle, washing machine, microwave, and refrigerator, etc. Furthermore, consumers can choose from a wide range of connected devices, including tablet, laptops, smartphones, and smart watches, resulting in a prominent increase in number of active users. Additionally, smart mirrors may find use cases in smart homes, providing the market with huge opportunity for growth.

Global Smart Mirror Market Segmentation

The global Smart Mirror market is segmented based on installation type, application, distribution channel, and region. Based on installation type, the market is segmented into wall mounted and free standing. Based on application, the market is segmented into residential and commercial. Based on distribution channel, the market is segmented into direct sales and indirect sales. Based on region, the market is segmented into North America, Asia-Pacific, Europe, Middle East & Africa, and South America.

MIR Regional

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Global Smart Mirror Company Profiles

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion, Volume in Million and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Installation Type

Application

Distribution Channel

Region

Regional Scope

North America, Asia-Pacific, Europe, Middle East & Africa, and South America

Country Scope

United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Germany, France, United Kingdom; Italy, Spain, Saudi Arabia, UAE, South Africa, Turkey; Brazil; Argentina, Colombia

Key Companies Profiled

Electric Mirror, Inc., Séura, Inc., AVIS Electronics Company, Foshan Eterna Intelligent Bathroom Co., Ltd., Majestic Mirror & Frames, Inc., Lumidesign Inc., Evervue USA Inc., Videotree Limited, HILO Solutions, Inc., and Guangzhou Hansong Electric Technology Co., Ltd (FENCHILIN)

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

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Table of Content

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 26)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 REGIONAL SCOPE
    1.4 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED
    1.6 LIMITATIONS
    1.7 SUMMARY OF CHANGES
    1.8 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA
           FIGURE 1 SMART MIRROR MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Key data from secondary sources
                    2.1.2.2 List of key secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Key data from primary sources
                    2.1.3.2 Key industry insights
                    2.1.3.3 Breakdown of primary interviews
                    2.1.3.4 List of key primary interview participants
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 2 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 3 TOP-DOWN APPROACH
    2.3 FACTOR ANALYSIS
           2.3.1 SMART MIRROR MARKET: SUPPLY-SIDE ANALYSIS
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED BY COMPANIES FROM PRODUCTS OFFERED IN MIRROR MARKET
           2.3.2 MARKET: DEMAND-SIDE ANALYSIS
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE) FOR MARKET
    2.4 MARKET BREAKDOWN & DATA TRIANGULATION
           FIGURE 6 DATA TRIANGULATION
    2.5 RISK ASSESSMENT
           TABLE 1 MARKET: RISK ASSESSMENT
    2.6 ASSUMPTIONS
           TABLE 2 KEY ASSUMPTIONS: MACRO- AND MICRO-ECONOMIC ENVIRONMENT

3 EXECUTIVE SUMMARY (Page No. - 43)
    FIGURE 7 SMART MIRROR MARKET: REALISTIC SCENARIO ANALYSIS, 2018–2027 (USD MILLION)
    FIGURE 8 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF MARKET
    FIGURE 9 AUTOMOTIVE APPLICATION SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE
    FIGURE 10 FIXED INSTALLATION TO BE LARGER SEGMENT OF MARKET
    FIGURE 11 INDIRECT SALES SEGMENT TO HOLD LARGER MARKET SHARE
    FIGURE 12 ELECTRO CHROMATIC SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    FIGURE 13 EUROPE ACCOUNTED FOR LARGEST MARKET SHARE IN 2021

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN SMART MIRROR MARKET
           FIGURE 14 INCREASING ADOPTION OF SMART MIRRORS AS A SUBSTITUTE FOR CONVENTIONAL REAR-VIEW MIRRORS TO DRIVE MARKET
    4.2 MARKET, BY OFFERING
           FIGURE 15 HARDWARE TO BE LARGEST OFFERING SEGMENT OF MARKET
    4.3 MARKET, BY INSTALLATION TYPE
           FIGURE 16 FIXED INSTALLATION TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
    4.4 MARKET, BY SALES CHANNEL
           FIGURE 17 INDIRECT SALES TO ACCOUNT FOR LARGER MARKET SHARE
    4.5 MARKET, BY TECHNOLOGY
           FIGURE 18 ELECTRO CHROMATIC TECHNOLOGY TO BE LEADING SEGMENT
    4.6 MARKET, BY APPLICATION
           FIGURE 19 AUTOMOTIVE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN SMART MIRROR MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Alternative to convex mirrors for enhanced safety features in automobiles
                               TABLE 3 COMPARISON OF ORDINARY REAR-VIEW MIRROR AND SMART REAR-VIEW MIRROR
                    5.2.1.2 Smart homes driven by IOT devices
                               FIGURE 21 SMART HOMES SEGMENT GROWTH, 2018-2021
                    5.2.1.3 Presence of large number of start-ups
                    5.2.1.4 Innovative features
                               FIGURE 22 IMPACT ANALYSIS OF DRIVERS IN MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 Security breach of confidential and personal data
                               FIGURE 23 IMPACT ANALYSIS OF RESTRAINTS IN MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Transition from traditional stores to digital stores in retail industry
                    5.2.3.2 Industry 4.0 to provide growth opportunities
                    5.2.3.3 Untapped potential in Asia Pacific
                               FIGURE 24 IMPACT ANALYSIS OF OPPORTUNITIES IN MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of awareness about smart mirrors
                    5.2.4.2 Higher cost than ordinary mirrors
                               FIGURE 25 IMPACT ANALYSIS OF CHALLENGES IN MMARKET
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 26 MARKET: VALUE CHAIN ANALYSIS
    5.4 SMART MIRROR MARKET ECOSYSTEM
           FIGURE 27 MARKET ECOSYSTEM
           TABLE 4 MARKET: ECOSYSTEM
    5.5 TECHNOLOGY ANALYSIS
           5.5.1 DLP TECHNOLOGY
           5.5.2 SCREEN MIRRORING
    5.6 PRICING ANALYSIS: AVERAGE SELLING PRICE TRENDS
           FIGURE 28 AVERAGE SELLING PRICE (ASP) OF SMART MIRRORS (IN USD)
           TABLE 5 AVERAGE SELLING PRICE QUOTATION OF KEY SUPPLIERS FOR DIFFERENT APPLICATIONS (IN USD)
    5.7 PATENT ANALYSIS
           FIGURE 29 MARKET: NUMBER OF PATENTS GRANTED (2011–2021)
           FIGURE 30 MARKET: REGIONAL ANALYSIS OF PATENTS GRANTED (2011–2021)
           TABLE 6 MARKET: LIST OF PATENTS (2018–2020)
           FIGURE 31 MARKET: PATENT ANALYSIS (2011–2021)
    5.8 KEY CONFERENCES AND EVENTS IN 2022–2023
           TABLE 7 MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.9 TARIFF AND REGULATORY LANDSCAPE
           5.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 8 LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 9 CODES AND STANDARDS RELATED TO SMART MIRROR
    5.10 CASE STUDY
           5.10.1 THE SINCLAIR BECAME FIRST HOTEL IN US TO DEPLOY DIGITAL SIGNAGE AND SMART MIRRORS
           5.10.2 BEHANCE PROVIDED PERSONALIZED INTERACTIVE DEVICE TO CUSTOMERS
    5.11 TRADE ANALYSIS
           TABLE 10 IMPORT DATA FOR GLASS MIRROR, HS CODE: 7009 (USD MILLION)
           FIGURE 32 GLASS MIRROR IMPORT VALUE FOR MAJOR COUNTRIES, 2017–2021
           TABLE 11 EXPORT DATA FOR GLASS MIRROR, HS CODE: 7009 (USD MILLION)
           FIGURE 33 GLASS MIRROR, EXPORT VALUE FOR MAJOR COUNTRIES, 2017–2021
    5.12 PORTERS FIVE FORCES ANALYSIS
           FIGURE 34 MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 35 IMPACT OF PORTER’S FIVE FORCES ON MARKET
           TABLE 12 PORTER’S FIVE FORCES IMPACT ON MARKET
           5.12.1 THREAT OF NEW ENTRANTS
           5.12.2 THREAT OF SUBSTITUTES
           5.12.3 BARGAINING POWER OF SUPPLIERS
           5.12.4 BARGAINING POWER OF BUYERS
           5.12.5 INTENSITY OF COMPETITIVE RIVALRY
    5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           FIGURE 36 REVENUE SHIFT FOR MARKET
    5.14 KEY STAKEHOLDERS & BUYING CRITERIA
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 37 MARKET: BUYING CRITERIA FOR TOP 3 APPLICATIONS
                    TABLE 13 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS (%)
           5.14.2 BUYING CRITERIA
                     FIGURE 38 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
                    TABLE 14 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS

6 SMART MIRROR MARKET, BY OFFERING (Page No. - 76)
    6.1 INTRODUCTION
           TABLE 15 MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           FIGURE 39 SOFTWARE OFFERING PROJECTED TO GROW AT HIGHEST CAGR
           TABLE 16 MARKET, BY OFFERING, 2022–2027 (USD MILLION)
    6.2 HARDWARE
           TABLE 17 HARDWARE: MARKET, BY TYPE, 2018–2021 (USD MILLION)
           FIGURE 40 SENSORS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 18 HARDWARE: MARKET, BY TYPE, 2022–2027 (USD MILLION)
           TABLE 19 HARDWARE: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 20 HARDWARE: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           TABLE 21 HARDWARE: SMART MIRROR MARKET, BY REGION, 2018–2021 (USD MILLION)
           FIGURE 41 EUROPE TO ACCOUNT FOR LARGEST MARKET SHARE IN HARDWARE SEGMENT
           TABLE 22 HARDWARE: MARKET, BY REGION, 2022–2027 (USD MILLION)
           6.2.1 DISPLAYS
                    6.2.1.1 Rising trend of deploying touchscreen interactive displays in retail applications to spur market growth
           6.2.2 SENSORS
                    6.2.2.1 Temperature sensors
                               6.2.2.1.1 Thermocouples and resistance temperature detectors commonly utilized temperature sensors
                    6.2.2.2 Light sensors
                               6.2.2.2.1 Increasing demand for light sensors to assist auto on/off feature of smart mirrors
                    6.2.2.3 Humidity sensors
                               6.2.2.3.1 Mainly installed in smart mirrors for home automation and residential applications
           6.2.3 CAMERAS
                    6.2.3.1 Features such as gestures and facial recognition to propel market
           6.2.4 OTHER HARDWARE TYPES
                    6.2.4.1 Audio systems
                    6.2.4.2 Connectivity components
    6.3 SOFTWARE
           6.3.1 REFLEKTOS- AMONG MOST POPULAR OPEN-SOURCE OPERATING SYSTEMS FOR BUILDING SMART MIRRORS
                    TABLE 23 SOFTWARE: SMART MIRROR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 24 SOFTWARE: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 25 SOFTWARE: MARKET, BY REGION, 2018–2021 (USD MILLION)
           FIGURE 42 EUROPE TO ACCOUNT FOR LARGEST MARKET SHARE IN SOFTWARE SEGMENT
                    TABLE 26 SOFTWARE: MARKET, BY REGION, 2022–2027 (USD MILLION)
    6.4 SERVICES
           6.4.1 MAJOR COMPANIES OFFERING SUPPORT SERVICES FOR SPECIFIC PERIODS WITH FOCUS ON MAINTENANCE SERVICES
                    TABLE 27 SERVICES: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 28 SERVICES: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 29 SERVICES: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 30 SERVICES: MARKET, BY REGION, 2022–2027 (USD MILLION)

7 SMART MIRROR MARKET, BY TECHNOLOGY (Page No. - 88)
    7.1 INTRODUCTION
           TABLE 31 MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
           FIGURE 43 ELECTRO CHROMATIC TECHNOLOGY TO DOMINATE GLOBAL MARKET
           TABLE 32 MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
    7.2 ELECTRO CHROMATIC/AUTO DIMMING MIRRORS
           7.2.1 SURGING DEMAND FOR EVS AND MIRRORLESS VEHICLES TO DRIVE AUTO DIMMING TECHNOLOGY
                    TABLE 33 ELECTRO CHROMATIC: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    FIGURE 44 EUROPE TO BE LARGEST MARKET FOR ELECTRO CHROMATIC SMART MIRROR
                    TABLE 34 ELECTRO CHROMATIC: MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.3 OTHERS
           TABLE 35 OTHERS: MARKET, BY REGION, 2018–2021 (USD MILLION)
           FIGURE 45 ASIA PACIFIC TO REGISTER HIGHEST CAGR FOR OTHER SMART MIRROR TECHNOLOGIES
           TABLE 36 OTHERS: MARKET, BY REGION, 2022–2027 (USD MILLION)

8 SMART MIRROR MARKET, BY APPLICATION (Page No. - 93)
    8.1 INTRODUCTION
           TABLE 37 MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           FIGURE 46 MARKET FOR RETAIL APPLICATION TO GROW AT HIGHEST CAGR
           TABLE 38 MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    8.2 AUTOMOTIVE
           TABLE 39 AUTOMOTIVE: MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 40 AUTOMOTIVE: MARKET, BY TYPE, 2022–2027 (USD MILLION)
           TABLE 41 AUTOMOTIVE: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 42 AUTOMOTIVE: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 43 AUTOMOTIVE: MARKET, BY REGION, 2018–2021 (USD MILLION)
           FIGURE 47 MARKET FOR AUTOMOTIVE APPLICATION IN ASIA PACIFIC TO GROW AT HIGHEST CAGR
           TABLE 44 AUTOMOTIVE: MARKET, BY REGION, 2022–2027 (USD MILLION)
           8.2.1 INTERIOR MIRRORS
                    8.2.1.1 Integration of additional electronic features such as compass, microphones, lighting assist, and driver assist in interior mirrors to drive market
           8.2.2 EXTERIOR MIRRORS
                    8.2.2.1 Increasing focus of major OEMs on integrating additional features in smart exterior mirrors with capabilities of advanced driver assistance systems (ADAS)
    8.3 RETAIL
           8.3.1 RISE IN ONLINE SHOPPING AND INCREASING VIRTUAL TRIAL ROOMS TO PROPEL MARKET
                    TABLE 45 RETAIL: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
                    TABLE 46 RETAIL: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                    TABLE 47 RETAIL: MARKET, BY REGION, 2018–2021 (USD MILLION)
           FIGURE 48 ASIA PACIFIC MARKET TO WITNESS HIGHEST GROWTH IN RETAIL APPLICATION
                    TABLE 48 RETAIL: MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.4 RESIDENTIAL
           8.4.1 SURGING ADOPTION OF IOT DEVICES FOR HOME AUTOMATION TO PROPEL DEPLOYMENT OF SMART MIRRORS IN RESIDENTIAL APPLICATIONS
                    TABLE 49 RESIDENTIAL: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
                    TABLE 50 RESIDENTIAL: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                    TABLE 51 RESIDENTIAL: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 52 RESIDENTIAL: MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.5 HOSPITALITY
           8.5.1 HOSPITALITY SECTOR TO FOCUS ON ENHANCING GUEST EXPERIENCE BY DEPLOYING SMART MIRRORS
                    TABLE 53 HOSPITALITY: SMART MIRROR MARKET, BY OFFERING, 2018–2021 (USD MILLION)
                    TABLE 54 HOSPITALITY: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                    TABLE 55 HOSPITALITY: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 56 HOSPITALITY: MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.6 HEALTHCARE
           8.6.1 MEDICAL RESEARCH: MAJOR HEALTHCARE APPLICATION OF SMART MIRRORS
                    TABLE 57 HEALTHCARE: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
                    TABLE 58 HEALTHCARE: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                    TABLE 59 HEALTHCARE: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    FIGURE 49 MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR FOR SMART MIRROR HEALTHCARE APPLICATION FROM 2022 TO 2027
                    TABLE 60 HEALTHCARE: MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.7 OTHERS
           TABLE 61 OTHERS: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 62 OTHERS: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 63 OTHERS: MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 64 OTHERS: MARKET, BY REGION, 2022–2027 (USD MILLION)

9 SMART MIRROR MARKET, BY INSTALLATION TYPE (Page No. - 108)
    9.1 INTRODUCTION
           TABLE 65 MARKET, BY INSTALLATION TYPE, 2018–2021 (USD MILLION)
           FIGURE 50 FIXED INSTALLATION TO BE WIDELY ADOPTED DEPLOYMENT FOR SMART MIRROR
           TABLE 66 MARKET, BY INSTALLATION TYPE, 2022–2027 (USD MILLION)
    9.2 FIXED
           9.2.1 INCREASING DEPLOYMENT OF INTERIOR AND EXTERIOR REAR-VIEW AUTOMATIC DIMMING MIRRORS TO SUPPORT MARKET GROWTH
    9.3 FREE STYLE
           9.3.1 INCREASING POPULARITY OF SMART HOMES AND HOME AUTOMATION DEVICES IN RESIDENTIAL BUILDINGS TO SPUR MARKET GROWTH

10 SMART MIRROR MARKET, BY SALES CHANNEL (Page No. - 111)
     10.1 INTRODUCTION
             TABLE 67 MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)
             FIGURE 51 INDIRECT SALES CHANNEL TO DOMINATE MARKET
             TABLE 68 MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)
     10.2 INDIRECT SALES
             10.2.1 TO ACCOUNT FOR MAJORITY OF SMART MIRROR SALES
     10.3 DIRECT SALES
             10.3.1 TO GROW AT HIGH RATE DRIVEN BY RETAIL, RESIDENTIAL, AND HEALTHCARE SEGMENTS

11 SMART MIRROR MARKET, BY REGION (Page No. - 114)
     11.1 INTRODUCTION
             FIGURE 52 EUROPE TO LEAD MARKET DURING FORECAST PERIOD
             FIGURE 53 MARKET IN SOUTH KOREA TO GROW AT HIGHEST CAGR
             TABLE 69 MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 70 MARKET, BY REGION, 2022–2027 (USD MILLION)
             TABLE 71 MARKET FOR AUTOMOTIVE, BY REGION, 2018–2021 (THOUSAND UNITS)
             TABLE 72 MARKET FOR AUTOMOTIVE, BY REGION, 2022–2027 (THOUSAND UNITS)
     11.2 AMERICAS
             TABLE 73 AMERICAS: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 74 AMERICAS: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 75 AMERICAS: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
             TABLE 76 AMERICAS: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
             TABLE 77 AMERICAS: MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 78 AMERICAS: MARKET, BY REGION, 2022–2027 (USD MILLION)
             11.2.1 NORTH AMERICA
                        FIGURE 54 NORTH AMERICA: MARKET SNAPSHOT
                        TABLE 79 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 80 NORTH AMERICA: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                        TABLE 81 NORTH AMERICA: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
                        TABLE 82 NORTH AMERICA: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                        TABLE 83 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 84 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                        11.2.1.1 US
                                     11.2.1.1.1 Market growth attributed to government support for adoption of electric cars
                        11.2.1.2 Canada
                                     11.2.1.2.1 Self-dimming smart mirrors for hospitality and retail applications to boost market
                        11.2.1.3 Mexico
                                     11.2.1.3.1 Presence of several automobile manufacturers to propel market
             11.2.2 SOUTH AMERICA
                        FIGURE 55 SOUTH AMERICA: MARKET SNAPSHOT
                        TABLE 85 SOUTH AMERICA: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 86 SOUTH AMERICA: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                        TABLE 87 SOUTH AMERICA: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
                        TABLE 88 SOUTH AMERICA: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
                        TABLE 89 SOUTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 90 SOUTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                        11.2.2.1 Brazil
                                     11.2.2.1.1 Emphasis on providing better shopping experience by retail sector to boost market
                        11.2.2.2 Argentina
                                     11.2.2.2.1 Economic recovery and technological advancements to boost adoption of smart mirrors
                        11.2.2.3 Rest of South America
     11.3 EUROPE
             FIGURE 56 EUROPE: SMART MIRROR MARKET SNAPSHOT
             TABLE 91 EUROPE: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 92 EUROPE: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 93 EUROPE: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
             TABLE 94 EUROPE: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
             TABLE 95 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 96 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             11.3.1 UK
                        11.3.1.1 Increasing investments in retail, hospitality, and smart homes segments to promote market growth
             11.3.2 GERMANY
                        11.3.2.1 Start-ups partnering with retail stores to implement smart mirrors to enhance customer engagement
             11.3.3 FRANCE
                        11.3.3.1 Presence of large retail brands to propel adoption of smart mirrors
             11.3.4 ITALY
                        11.3.4.1 Increasing awareness about smart mirror technology contributing to market growth
             11.3.5 SPAIN
                        11.3.5.1 Increasing adoption of advanced technologies in retail and home automation to boost market
             11.3.6 REST OF EUROPE (ROE)
     11.4 ASIA PACIFIC
             FIGURE 57 ASIA PACIFIC: MARKET SNAPSHOT
             TABLE 97 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 98 ASIA PACIFIC: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 99 ASIA PACIFIC: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
             TABLE 100 ASIA PACIFIC: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
             TABLE 101 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 102 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             11.4.1 CHINA
                        11.4.1.1 To retain dominance in automotive market in Asia Pacific
             11.4.2 JAPAN
                        11.4.2.1 Large automobile manufacturing base and transformation of retail industry to drive market
             11.4.3 INDIA
                        11.4.3.1 Government initiatives such as Make in India to positively impact demand for smart mirrors in automotive, hospitality, retail, and smart homes applications
             11.4.4 SOUTH KOREA
                        11.4.4.1 Rapid technological developments in automotive and electronics industries boosting adoption of smart mirrors
             11.4.5 AUSTRALIA
                        11.4.5.1 Rising demand for smart retail and EVS to propel market
             11.4.6 REST OF ASIA PACIFIC
     11.5 REST OF THE WORLD
             TABLE 103 REST OF THE WORLD: SMART MIRROR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 104 REST OF THE WORLD: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
             TABLE 105 REST OF THE WORLD: MARKET, BY OFFERING, 2018–2021 (USD MILLION)
             TABLE 106 REST OF THE WORLD: MARKET, BY OFFERING, 2022–2027 (USD MILLION)
             TABLE 107 REST OF THE WORLD: MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 108 REST OF THE WORLD: MARKET, BY REGION, 2022–2027 (USD MILLION)
             11.5.1 MIDDLE EAST & AFRICA

12 COMPETITIVE LANDSCAPE (Page No. - 141)
     12.1 INTRODUCTION
     12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
             TABLE 109 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN SMART MIRROR MARKET
             12.2.1 PRODUCT PORTFOLIO
             12.2.2 REGIONAL FOCUS
             12.2.3 MANUFACTURING FOOTPRINT
             12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
     12.3 MARKET SHARE ANALYSIS, 2021
             TABLE 110 MARKET (AUTOMOTIVE APPLICATION): DEGREE OF COMPETITION
     12.4 HISTORICAL REVENUE ANALYSIS (2017–2021)
             FIGURE 58 5-YEAR REVENUE ANALYSIS OF KEY PLAYERS IN MARKET
     12.5 COMPANY EVALUATION QUADRANT
             12.5.1 STARS
             12.5.2 PERVASIVE PLAYERS
             12.5.3 EMERGING LEADERS
             12.5.4 PARTICIPANTS
                        FIGURE 59 MARKET (GLOBAL): COMPANY EVALUATION QUADRANT
     12.6 MARKET: COMPETITIVE BENCHMARKING
             TABLE 111 MARKET: DETAILED LIST OF START-UPS/SMES
             TABLE 112 MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [SMES]
             TABLE 113 LIST OF KEY START-UPS IN MARKET
     12.7 START-UP/SME EVALUATION QUADRANT
             12.7.1 PROGRESSIVE COMPANIES
             12.7.2 RESPONSIVE COMPANIES
             12.7.3 DYNAMIC COMPANIES
             12.7.4 STARTING BLOCKS
                        FIGURE 60 MARKET (GLOBAL): START-UP/SME EVALUATION QUADRANT, 2021
     12.8 COMPANY FOOTPRINT
             TABLE 114 COMPANY FOOTPRINT (OVERALL)
             TABLE 115 COMPANY OFFERING FOOTPRINT
             TABLE 116 COMPANY APPLICATION FOOTPRINT
             TABLE 117 COMPANY REGION FOOTPRINT
     12.9 COMPETITIVE SITUATION AND TRENDS
             12.9.1 PRODUCT LAUNCHES & DEVELOPMENTS
                        TABLE 118 MARKET: PRODUCT LAUNCHES & DEVELOPMENTS, JANUARY 2018– JANUARY 2022
             12.9.2 DEALS
                        TABLE 119 MARKET: DEALS, JANUARY 2019–MAY 2022

13 COMPANY PROFILES (Page No. - 158)
     13.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)* 
             13.1.1 JAPAN DISPLAY INC.
                        TABLE 120 JAPAN DISPLAY INC.: COMPANY OVERVIEW
                        FIGURE 61 JAPAN DISPLAY INC.: COMPANY SNAPSHOT
                        TABLE 121 JAPAN DISPLAY INC.: PRODUCTS OFFERED
                        TABLE 122 JAPAN DISPLAY INC.: PRODUCT LAUNCHES
                        TABLE 123 JAPAN DISPLAY INC.: DEALS
             13.1.2 FICOSA INTERNATIONAL S.A.
                        TABLE 124 FICOSA INTERNATIONAL S.A.: COMPANY OVERVIEW
                        TABLE 125 FICOSA: PRODUCTS OFFERED
                        TABLE 126 FICOSA INTERNATIONAL S.A.: PRODUCT LAUNCHES
                        TABLE 127 FICOSA INTERNATIONAL S.A.: DEALS
             13.1.3 GENTEX CORPORATION
                        TABLE 128 GENTEX CORPORATION: COMPANY OVERVIEW
                        FIGURE 62 GENTEX CORPORATION: COMPANY SNAPSHOT
                        TABLE 129 GENTEX CORPORATION: PRODUCTS OFFERED
                        TABLE 130 GENTEX CORPORATION: PRODUCT LAUNCHES
                        TABLE 131 GENTEX CORPORATION: DEALS
             13.1.4 SEURA SOLUTIONS
                        TABLE 132 SEURA SOLUTIONS: COMPANY OVERVIEW
                        TABLE 133 SEURA SOLUTIONS: PRODUCTS OFFERED
                        TABLE 134 SEURA SOLUTIONS: PRODUCT LAUNCHES
             13.1.5 MAGNA INTERNATIONAL
                        TABLE 135 MAGNA INTERNATIONAL: COMPANY OVERVIEW
                        FIGURE 63 MAGNA INTERNATIONAL: COMPANY SNAPSHOT
                        TABLE 136 MAGNA INTERNATIONAL: PRODUCTS OFFERED
                        TABLE 137 MAGNA INTERNATIONAL: PRODUCT LAUNCHES
                        TABLE 138 MAGNA INTERNATIONAL: DEALS
             13.1.6 ELECTRIC MIRROR
                        TABLE 139 ELECTRIC MIRROR: COMPANY OVERVIEW
                        TABLE 140 ELECTRIC MIRROR: PRODUCTS OFFERED
                        TABLE 141 ELECTRIC MIRROR: PRODUCT LAUNCHES
             13.1.7 HARMAN INTERNATIONAL INDUSTRIES (A SAMSUNG SUBSIDIARY)
                        TABLE 142 HARMAN INTERNATIONAL INDUSTRIES (A SAMSUNG SUBSIDIARY): COMPANY OVERVIEW
                        TABLE 143 HARMAN INTERNATIONAL INDUSTRIES (A SAMSUNG SUBSIDIARY): PRODUCTS OFFERED
             13.1.8 MURAKAMI KAIMEIDO
                        TABLE 144 MURAKAMI KAIMEIDO: COMPANY OVERVIEW
                        FIGURE 64 MURAKAMI KAIMEIDO: COMPANY SNAPSHOT
                        TABLE 145 MURAKAMI KAIMEIDO: PRODUCTS OFFERED
             13.1.9 KEONN TECHNOLOGIES
                        TABLE 146 KEONN TECHNOLOGIES: COMPANY OVERVIEW
                        TABLE 147 KEONN TECHNOLOGIES: PRODUCTS OFFERED
                        TABLE 148 KEONN: DEALS
             13.1.10 DENSION
                        TABLE 149 DENSION: COMPANY OVERVIEW
                        TABLE 150 DENSION: PRODUCTS OFFERED
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
     13.2 OTHER PLAYERS
             13.2.1 ALKE
             13.2.2 AD NOTAM
             13.2.3 MIRROCOOL
             13.2.4 SEYMOURPOWELL
             13.2.5 DIRROR
             13.2.6 PERSEUS MIRROR
             13.2.7 OAKLABS
             13.2.8 SMARTSPOT
             13.2.9 PRO DISPLAY
             13.2.10 GLANCE DISPLAYS
             13.2.11 NEXSTGO COMPANY LIMITED
             13.2.12 METROCLICK
             13.2.13 PINGALA SOFTWARE INDIA PVT. LTD.
             13.2.14 EYYES GMBH
             13.2.15 HILO SMART MIRROR

14 APPENDIX (Page No. - 194)
     14.1 INSIGHTS FROM INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 CUSTOMIZATION OPTIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

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