Global Smart Mirror Market Analysis–Trends, Insights and Forecasts (2021-2027)

  • Publish Date
    March 1, 2022
  • No of Pages
    330
  • SKU Code
    GIR 8047
  • Format

Global Smart Mirror market – Overview

  • The report will cover the overall analysis and insights in relation to the size and growth rate of the “Global Smart Mirror market ” by various segments at a global and regional level for the 2014-2027 period, with 2014-2019 as historical data, 2020 as a base year, 2021 as an estimated year and 2021-2027 as forecast period.

Global Smart Mirror market – Introduction

  • Smart mirrors are also called smart displays or digital mirrors. Smart mirrors use artificial intelligence, augmented reality, and gesture recognition technology. Through the combination of these technologies, smart mirrors can superimpose clothing on a person’s image, making fitting rooms a thing of the past. Smart mirrors feature a digital display behind the glass and connect to the customer’s phone via Bluetooth or Wi-Fi. Smart mirrors are used in various industries such as retail, fashion, cosmetics, healthcare, and automotive. Global Smart Mirror Market includes progressed mirrors made by incorporating presentations, sensors, and cameras as major inserted electronic parts.
  • The major driving factors of the smart mirror market are increase in adoption of advanced driver assistance system (ADAS) in the automotive sector, rise in demand for connected devices, and transition to digital stores in the retail industry. On the other hand, increase in adoption of smart homes is expected to create lucrative growth opportunities for the market.

Report Includes

  • The report provides a basic overview of the industry including definitions, classifications and industry chain structure.
  • A brief overview of the commercial potential of products, technologies and applications.
  • Description of properties and manufacturing processes.
  • Discussion of the current state, setbacks, innovations, and the future needs of the market.
  • Detailed discussion regarding impact of product on demand
  • Up-to-date analyses of market trends and technological improvements in the market
  • Examination of the market by application and by product sizes; utility scale, medium scale and small scale.
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • The report focuses on detailed profile of major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information.
  • Coverage of historical overview, key industrial development and regulatory framework.
  • To track and analyze competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market
  • A look at the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders

Global Smart Mirror market Report Scope

  • The scope of the report covers the clear understanding and overview of the product.
  • Analysis of market trends in the region, with market data considering 2020 as the base year, 2021 as the estimate year and forecast for 2027 with projection of CAGR from 2021 to 2027.
  • The report covers discussion of economic trends and technology.
  • Market estimates represent revenue.
  • In-depth analysis of the market segmentation assists in determining the prevailing market scope.
Attribute Details
Market size available for years 2014–2027
Base year considered 2020
Forecast period 2021–2027
Historical period 2014-2019
Forecast units Value (USD) & Volume (Million Units)
Segmentation By Regions
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
By Countries
United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Indonesia, Malaysia, Switzerland, Australia, India, Italy, Sweden, Spain, Belgium, Netherlands, Norway, Brazil, Argentina, Mexico, South Africa and 54 Others.
By  Component
Hardware, Software and Services.
By Application
Automotive, Hospitality & Retail, Residential and Other.
By Technology
Self- diming, Self-cleaning and Self-repairing
Companies covered actiMirror Corporation; ad notam AG; Alke Srl; Dension Ltd. ; Dirror; Electric Mirror, Inc.; Evervue; Ficosa International SA; Gentex Corporation; Glance Displays, Inc.; Japan Display Inc.; Keonn Technologies S.L.; Magna International, Inc.; MemoMi Labs Inc.; MirroCool; Murakami Corporation; OakLabs GmbH; On The Wall, Inc.; Perseus Mirrors; Pro Display; Seura, Inc.; Seymourpowell Ltd.; SmartSpot Seura, Tech2o, Samsung Electronics Co., Ltd., TOSHIBA CORPORATION; Panasonic Corporation. and Others.

Segments Covered in Global Smart Mirror market

  • The global smart mirror market is divided into different segments on the basis of component, application, technology and region. The global smart mirror market segment on the basis of component includes hardware, software and services. On the basis of application, the Smart Mirror market segment comprises automotive, hospitality & retail, residential and many more. The global Smart Mirror market segment by the technology involves Self- diming, Self-cleaning, Self-repairing.
  • Among the application section, the friendliness and retail shrewd mirror fragment is required to develop at the most elevated CAGR during the figure time frame. Advantages of smart mirror are that it is frequently utilized in the retail area wherein retailers attempt to get the interest of likely customers and support them for incessant or customary visits.
  • The global Smart Mirror market segment on the basis of region includes Europe, Asia-Pacific, North America, and other parts of the world. Asia Pacific accounts for highest share in the smart mirror market in terms of revenue contribution as compared to markets in other regions due to increased adoption of smart mirrors by various end-users such as retail, fashion, cosmetics, and healthcare in the region.

Covid-19 Impact on the Global Smart Mirror market

  • The Covid flare-up has negatively affected the worldwide Smart Mirror Market because of the harsh lockdowns and easing back down of assembling measures in a few businesses. The market is probably going to recuperate from the misfortune in the fourth quarter of 2022.
  • The leading players of the market are zeroing in on advancing procedures to revitalize the market development in the post-COVID-19 world.
  • The Smart Mirror Market reveals the assessed CAGR pre and during the COVID-19 emergency. According to the report, the brilliant mirror market is anticipated to record a CAGR of 8.4% during the gauge time frame. In comparison, prior, it was relied upon to be 9.1% in the pre-COVID-19 situation.
  • The explanation for this defeat is that few nations have forced exacting lockdowns to stop the spread of COVID-19. Because of this, there is an enormous decrease in business measures all through the world.

Recent Developments in Global Smart Mirror market

  • Portl, a startup in India established in March 2021, has developed two smart mirror products that will improve wellness and fitness programs. The startup has also received a seed funding by Kalaari. Portl Mirror and Portl Pro are both intelligent mirrors with 43-inch and 32-inch screens, respectively.
  • In September 2017, Magna opened a designing community in China. The new focus is on creating up to 100 new openings, utilizing a few exceptionally gifted designers as per the Smart Mirror Market. The office is likewise expected to include an advancement display area where clients will want to see and communicate with Magna’s most recent advances.
  • In October 2016, Ficosa opened a plant in Tennessee (US). The new plant is outfitted with the most recent innovation-based hardware, turning into the gathering’s most progressive creation community. The new office, devoted to delivering back sees frameworks, is bringing progressed fabricating occupations to Tennessee’s territory.
  • In August 2016, Murakami, in participation with Foshan Murakami (China), set up another plant in Guangdong, China. The creation of back sees mirrors is relied upon to start at the new assembling office by mid-2018. With the new foundation, the organization is required to expand its creation limit by half.

Key Market Players in Global Smart Mirror market

  • The major players in the Global Smart Mirror market are actiMirror Corporation; ad notam AG; Alke Srl; Dension Ltd. ; Dirror; Electric Mirror, Inc.; Evervue; Ficosa International SA; Gentex Corporation; Glance Displays, Inc.; Japan Display Inc.; Keonn Technologies S.L.; Magna International, Inc.; MemoMi Labs Inc.; MirroCool; Murakami Corporation; OakLabs GmbH; On The Wall, Inc.; Perseus Mirrors; Pro Display; Seura, Inc.; Seymourpowell Ltd.; SmartSpot Seura, ad notam AG, Tech2o, Samsung Electronics Co., Ltd., TOSHIBA Corporation; Panasonic Corporation and Others.
  • Also, the Smart Mirror market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

Objectives of the Global Smart Mirror market Study

  • To provide detailed information regarding drivers, restraints, opportunities and challenges are influencing the growth in the Global Smart Mirror market.
  • To analyze the competitive intelligence of players based on company profiles and their key growth strategies.
  • To strategically analyze micro markets with respect to the individual growth trends, their prospects, and their contribution to the total Global Smart Mirror market.
  • To analyze competitive developments such as expansions, and product launches, along with research & development (R&D) activities undertaken in the Global Smart Mirror market.
  • A unique model is created customized for each study also offers suggestions that help enterprises to identify and mitigate risks.

Note –

  • Global Industry Reports will also support you post-purchase for a period of 6 months to answer any of your queries related to the following market and to provide you any more data if you need, for your analysis.
  • Also, you can buy some selected Chapters from the report.

Smart Mirror replace

 

 

 

INTRODUCTION

Objectives of the study

Global Smart Mirror market definition

Global Smart Mirror market scope

Global Smart Mirror market Stakeholders

Global Smart Mirror market Limitations

Summary of changes

RESEARCH METHODOLOGY

Research data

Secondary data

Primary data

Global Smart Mirror market size estimation

Global Smart Mirror market breakdown & data triangulation

Global Smart Mirror market share analysis

Global Smart Mirror market Risk assessment/limitations

Assessment of the impact of covid-19 on the economic scenario

EXECUTIVE SUMMARY

GLOBAL SMART MIRROR MARKET OUTLOOK / MARKET OVERVIEW

Introduction

Market dynamics

Market drivers

Countries

Market restraints

Opportunities

Challenges

INDUSTRY INSIGHTS

Introduction

Industry trends

Strategic benchmarking

Pricing analysis

Value chain analysis

Ecosystem analysis

Patent analysis

Trade analysis

IMPACT OF COVID-19 ON THE GLOBAL SMART MIRROR MARKET

GLOBAL SMART MIRROR MARKET BY COMPONENT

Hardware

Software

Services

GLOBAL SMART MIRROR MARKET BY APPLICATION

Automotive

Hospitality & Retail

Residential

Others

GLOBAL SMART MIRROR MARKET BY TECHNOLOGY

 

Self- diming

Self-cleaning

Self-repairing

GLOBAL SMART MIRROR MARKET BY GEOGRAPHY

Overview

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Rest of Europe

Asia Pacific

China

Japan

India

Rest of Asia Pacific

Rest of the World

Latin America

Middle East & Africa

GLOBAL SMART MIRROR MARKET COMPETITIVE LANDSCAPE

Introduction

Footprint analysis of the top players in the global Smart Mirror market

Product & service portfolio matrix

Market share analysis

Company evaluation quadrant

Company evaluation quadrant for start-ups/smes

Competitive scenario

COMPANY PROFILES

(Business overview, Products & services offered, Recent Developments, Competitive analysis, SWOT Analysis,)

  1. ad notam AG
  2. Alke Srl
  3. Dension Ltd.
  4. Electric Mirror, Inc.
  5. Evervue
  6. Ficosa International SA
  7. Glance Displays, Inc.
  8. Japan Display Inc.
  9. Keonn Technologies S.L.
  10. Magna International, Inc.
  11. MemoMi Labs Inc.
  12. MirroCool
  13. Murakami Corporation
  14. OakLabs GmbH
  15. Perseus Mirrors
  16. Pro Display
  17. Seura, Inc.
  18. Seymourpowell Ltd.
  19. Samsung Electronics Co., Ltd.,
  20. TOSHIBA Corporation.
  21. Panasonic Corporation.
  22. Others 30+

APPENDIX

  • Discussion guide
  • Available customizations
  • Related reports

Methodology

Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Global Industry Reports

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.

Frequently Asked Questions ?

The smart mirror industry registered a stable CAGR of 8% over the past 6 years.

Gentex Corporation holds 12.5%, Magna International holds 11.1%, Samsung Electronics holds 9.6%, Panasonic Corp. holds 8.8%, and Suera Solutions holds 7.9% share in the global market.

The U.S., Japan and European countries such as Germany and France are key producers of smart mirrors.

Samsung Electronics and Toshiba Corporation are major exporters of smart mirrors across the world.

Increasing adoption of smart mirrors in smart home appliances, home infrastructure, and their growing popularity in the retail industry for fashion, makeup, and eyewear are key trends in this space.

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