Trending News 2019 Smart Mirror Market |Global Industry Size, In-Depth Qualitative Insights

Press Release

Smart mirrors are the mirrors with different features and functions with the purpose of assimilating capability that can be done physically or in a system other than mirror. Smart technologies has powerful impact on mirrors, this technology can be executed on any kind of mirror by adding certain functions in one of the two ways that includes adding layer of smart coatings or inserting electronics into the mirror. Smart mirrors offer many features such as Internet connectivity and touchscreen option. It can act as a substitute for the traditional mirrors which are used in shopping malls, automobile industry and in homes for household purpose.

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Market size and Forecast

The Global smart mirror market is anticipated to grow from USD 2.85 billion by 2017 to USD 4.52 billion by 2027, at a CAGR of 9.8% from 2017 to 2027. The growth in the smart mirror market can be account on the factors such as increasing demand for smart mirrors from automotive industry, the evolution from outdated stores to new transformed digital stores, the existence of a large number of public owned startups and surface of new technology.

The market is segmented on the basis of component type, technology and end-user. By technology it is segmented into electro chromic technology, self-dimming technology, self-cleaning mirrors and self-repairing mirrors. The technology of self-dimming in mirrors plays a key role in safe driving accessory. It is accessories which provide safety to driver while driving. By end user the market is segmented on the basis of retail, consumer and household, healthcare and Automotive. Automotive sector segment has been projected to be the leading segment in 2016, however, consumer & residential segment is also expected to grow at a highest CAGR over 2017–2027, fueled by increasing adoption of new & inventive technologies in the smart mirror industry.

By region, global smart (digital) mirror market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America region is dominating the smart mirrors market followed by Europe region. North America region retain highest market share on the account of various innovations in smart technology , increased adoption of smart mirrors in commercial shopping malls, hotels and automotive. Asia-Pacific region is anticipated to be the fastest growing market on the basis of growing retail and healthcare sector coupled with increased adoption of smart home technology.

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Key Players

Gentex Corporation
Magna International Inc.
Panasonic Corporation
Seura Solutions
Samsung Electronics Co., Ltd.
Keonn Technologies
Mirrus Corporation Inc.
Perseus Mirrors
Electric Mirror, LLC

Market Segmentation

Our in-depth analysis segmented the Global Smart (digital) Mirror Market in the following segments:

By Component type:

Audio Systems

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By Technology:

Electro Chromic Technology
Self-dimming Technology
Self-Cleaning Mirrors
Self-Repairing Mirrors
By End User:

Consumer and Household
By Regions

Global Smart (digital) Mirror market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

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This post was originally published on Health Opinion

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