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
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSmart 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
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.
Download Sample Ask for Discount Request Customization
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!
Download Sample Ask for Discount Request Customization
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.
Download Sample Ask for Discount Request Customization
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) |
Related Reports
- Cosmetic Packaging Market Size - By Material Type (Plastic, Glass, Metal, Paper and Cardboard, Wood), By Type (Primary P...
- Nano-enabled Packaging Market Size - By Technology (Active Packaging, Intelligent & Smart Packaging), By Material Type (...
- Corrugated Bulk Bins Market Size - By Load Capacity (More Than 1,500 KG, 1,000 – 1,500 KG, Below 1,000 KG), By Type (H...
- Fresh Food Packaging Market Size - By Type, (Rigid Packaging, Trays, Clamshells, Containers, Others, Flexible Packaging,...
- Stand-up Pouches Market Size - By Form (Round Bottom, Rollstock, K-Style, Plow/Folded Bottom, Flat bottom), By Type, By ...
- Metalized Flexible Packaging Market Size, By Material Type (Aluminum Foil, Metalized Films, ALOX/SIOX PP & PET), By Stru...
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
List Tables Figures
To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy