Market Research Future published a research report on “Smart Mirror Market Research Report-Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
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1. Covid-19 Impact on Smart Mirrors Market Research Report-
Global Forecast 2023
Market Research Future published a research report on “Covid-19 Impact on Smart Mirrors
Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends
and Forecast to 2023.
Market Scenario
Market Research Future (MRFR) asserts that the smart mirror market is estimated to touch a
valuation of USD 4.01 billion, garnering a CAGR of 14.15% during the forecast period (2018-2023).
The surging adoption of advanced driver assistance system in the automotive sector is predicted to
encourage the market’s growth worldwide. Smart mirrors can be referred to as advanced mirrors
which are specifically made by integrating sensors, displays, and camera as embedded electronic
components. Such next-generation mirrors provide internet connectivity along with touchscreen
features and are high in demand owing to their convenience, design, and safety. The smart mirror
plays a vital role in the modern-day shopping community and is considered an exception to the
traditional mirrors used in automobiles, malls, and homes.
Market Potential and Pitfalls
The Smart Mirrors Market is experiencing a rapid growth rate with the surging adoption of advanced
driver assistance system in the automotive sector. The transition of the retail sector into digital
stores is considered another factor is encouraging the marker growth. With road safety taken into
prime consideration due to the rising number of accidents, the demand for smart mirrors in the
automotive sector has increased globally. In the advertising and retail sector, smart mirrors find its
application mainly in the dressing rooms which triggers its sales and offer a better customer
experience. These mirrors offer seamless experience by allowing the users to access the information
from connected devices like laptops, smartphones, TV, and laptops. It also addresses up-to-date
information which is required by the users and offers them better access. Thereby, these mirrors
generate new opportunities for the fashion designers as well as the manufacturers in order to come
up with new ideas, standout in the competition, and grow their market share. Smart mirrors also
have a crucial role to play in the healthcare market. Smart mirror technologies can help to improve
patient care, thus minimizing the expenses of healthcare. They also deliver patient-specific
information like real-time vital statistics of the patients along with prescription reminders. Such
factors are considered to encourage market growth across the globe. Moreover, the presence of
start-ups involved in offering innovative features to their smart mirror products is likely to bolster
the market growth in the long run.
On the contrary, the high installation cost coupled with the security issues associated with the
personal and confidential data is some of the top concerns anticipated to vitiate the market growth
2. in this region. On a brighter note, the rising adoption of a smart home is predicted to create lucrative
growth opportunities.
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Key Players
The prominent players in the Smart Mirror Market are – Gentex Corporation (U.S.), Magna
International Inc. (Canada), ACEP France SAS (France), Panasonic Corporation (Japan), Seura
Solutions (U.S.), Samsung Electronics Co., Ltd. (South Korea), Keonn Technologies (Spain), Mirrus
Corporation Inc. (U.S.), Perseus Mirrors (U.S.), Electric Mirror, LLC (U.S.), among others.
Smart Mirrors Global Market - Segmentation
The Smart Mirrors Market can be segmented in to 4 key dynamics for the convenience of the report
and enhanced understanding;
• Segmentation by Components: Comprises Sensors, Camera, Displays, Audio Systems among
others.
• Segmentation by Technology: Comprises Electro Chromic Technology, Self-dimming
Technology, Self-Cleaning Mirrors, Self-Repairing Mirrors and others.
• Segmentation by End Users: Comprises Retail, Healthcare, Consumer and Household,
Automotive among others
3. Smart Mirrors Global Market - Regional Analysis
North America is dominating the global smart mirrors market with the largest market share due to
increased adoption of smart mirrors in shopping mall, hotels and automotive sector, which is gaining
demand in smart mirrors market in these region, and is expected to gain growth by 2023. Global
smart mirrors market in European market is expected to grow at a substantial high CAGR during
2016 to 2023 due to advancement in smart technology. The Asia Pacific market for smart mirrors
market is expected to grow at a considerable CAGR (2016-2023).
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mirrors-market-3505
TABLE OF CONTENTS
LIST OF TABLES
Table 1 Global Smart Mirrors Market, By Region, 2018–2023
Table 2 North America: Smart Mirrors Market, By Country, 2018–2023
Table 3 Europe: Smart Mirrors Market, By Country, 2018–2023
Table 4 Asia-Pacific: Smart Mirrors Market, By Country, 2018–2023
Table 5 Middle East & Africa: Smart Mirrors Market, By Country, 2018–2023
Table 6 Latin America: Smart Mirrors Market, By Country, 2018–2023
Table 7 Global Smart Mirrors Technology Market, By Region, 2018–2023
Table 8 North America: Smart Mirrors Technology Market, By Country, 2018–2023
Table 9 Europe: Smart Mirrors Technology Market, By Country, 2018–2023
Table10 Asia-Pacific: Smart Mirrors Technology Market, By Country, 2018–2023
Table11 Middle East & Africa: Smart Mirrors Technology Market, By Country, 2018–2023
Table12 Latin America: Smart Mirrors Technology Market, By Country, 2018–2023
Table13 Global Smart Mirrors Application Market, By Region, 2018–2023
4. Table14 North America: Smart Mirrors Application Market, By Country, 2018–2023
Table15 Europe: Smart Mirrors Application Market, By Country, 2018–2023
Continued…
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