The report is titled ‘Smart Mirror Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the smart mirror market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The smart mirror market is expected to grow at a significant rate in the near future.
The global smart mirror market in 2020 is estimated for more than US$ 2,377.6 Mn and expected to reach a value of US$ 5,654.0 Mn by 2028 with a significant CAGR of 11.4%.
Smart Mirror Market Definition
A smart mirror can be referred to as a mirror that is combined with connectivity features and myriad electronic devices. These devices are coupled with other simple devices that make the mirror smarter and connectable.
Moreover, the special touchscreen features, Wi-Fi connectivity feature and compatibility feature makes it more user friendly and technologically advanced devices.
Additionally, embedded technologies like advanced displays, sensors, and cameras also increase the demand for smart mirrors in the market. The combination of RFID and display technology is making it a smarter appliance of today’s era and is widely being used in automotive, healthcare, retail, and other sectors.
Smart Mirror Market Dynamics
Factors like increasing technological development, innovation, and adoption of smart home concept, elevated car production across the globe, and changing lifestyles are the major factor that fuels the growth of the global smart mirror market.
Moreover, the highly busy work schedules, growing affluent population, and increasing per capita income are also laying a positive impact on this market. However, the lack of awareness and privacy issues may impend the growth of the intelligent mirror market.
The global smart mirror market is expected to increase at a significant CAGR over the forecast period owing to the working professionals, adoption of smart devices, and conversion of homes to smart homes. Also, the increasing demand for such technically advanced mirrors in the healthcare, hospitality, and automobile sector is also boosting the growth of this market.
Smart Mirror Market Key Players
The global smart mirror market is mainly dominated by ACEP France SA, Dension, S.L., Gentex Corporation, Keonn Technologies, Magna International Inc., Mirrus Corporation, Panasonic Corporation, Samsung Electronics, and Seura Solutions.
Smart Mirror Market Segmentation
The global smart mirror market is segmented on the basis of technology, application, and region.
On the basis of technology, the global smart mirror market can be segmented into smart materials and electronic devices. The smart material segment is further fragmented into electrochromic technology, self-dimming technology, self-cleaning mirrors, and self-repairing mirrors; whereas the electronic devices market is further fragmented into sensors, displays, cameras, and touch sensors. On the basis of application, the global smart mirror market can be segmented into automotive, consumer & household, medical & healthcare, and advertising & retail.
Smart Mirror Market Regional Segmentation
On the basis of region, the global smart mirror market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. As per the regional segmentation, Europe holds the highest market share, followed by North America and Asia Pacific smart mirror market, accounting for the extensive application of such advanced devices in the automobile, and consumer sectors. In addition, the existence of startups along with the increasing research and development activities are also responsible for fueling the growth of the global smart mirror market.
MMC Overview on Smart Mirror Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Smart Mirror market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth include (but not restricted to):
• New product designs and launches
• Current product compliance
• Reimbursement
• Concerns for use of Smart Mirror
• Advantages of Smart Mirror
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
1. Global Smart Mirror Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Smart Mirror Market Overview
2.1. Introduction
2.1.1. Market Definition
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Smart Mirror Market Snapshot
2.4. Global Smart Mirror Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Smart Mirror Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. Global Smart Mirror Market, By Technology
3.1. Introduction
3.1.1. Annual Growth Rate Comparison, By Technology
3.1.2. BPS Analysis, By Technology
3.2. Market Revenue (US$Mn) and Volume (Units) Forecast, By Technology
3.2.1. Smart Material
3.2.1.1. Electro chromic Technology
3.2.1.2. Self-Dimming Technology
3.2.1.3. Self-Cleaning Mirrors
3.2.1.4. Self-Repairing Mirrors
3.2.2. Electronic Devices
3.2.2.1. Sensors
3.2.2.2. Displays
3.2.2.3. Cameras
3.2.2.4. Touch Sensors
3.3. Global Smart Mirror Market Attractiveness Index, By Technology
4. Global Smart Mirror Market, By Application
4.1. Introduction
4.1.1. Annual Growth Rate Comparison, By Application
4.1.2. BPS Analysis, By Application
4.2. Market Revenue (US$Mn) and Volume (Units) Forecast, By Application
4.2.1. Automotive
4.2.2. Consumer & Household
4.2.3. Medical & Healthcare
4.2.4. Advertising & Retail
4.3. Global Smart Mirror Market Attractiveness Index, By Application
5. Global Smart Mirror Market, By Region
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Region
5.1.2. BPS Analysis, By Region
5.2. Market Revenue (US$Mn) and Volume (Units) Forecast, By Region
5.2.1. North America
5.2.2. Latin America
5.2.3. Europe
5.2.4. Asia Pacific
5.2.5. Middle East
5.2.6. Africa
5.3. Global Smart Mirror Market Attractiveness Index, By Region
6. North America Smart Mirror Market Analysis and Forecast, 2020–2028
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Country
6.1.2. BPS Analysis, By Country
6.2. Market Revenue (US$Mn) and Volume (Units) Forecast, By Country
6.2.1. U.S. Smart Mirror Market
6.2.2. Canada Smart Mirror Market
6.3. North America Smart Mirror Market, By Technology
6.3.1. Smart Material
6.3.1.1. Electro chromic Technology
6.3.1.2. Self-Dimming Technology
6.3.1.3. Self-Cleaning Mirrors
6.3.1.4. Self-Repairing Mirrors
6.3.2. Electronic Devices
6.3.2.1. Sensors
6.3.2.2. Displays
6.3.2.3. Cameras
6.3.2.4. Touch Sensors
6.4. North America Smart Mirror Market, By Application
6.4.1. Automotive
6.4.2. Consumer & Household
6.4.3. Medical & Healthcare
6.4.4. Advertising & Retail
6.5. North America Smart Mirror Market Attractiveness Index
6.5.1. By Country
6.5.2. By Technology
6.5.3. By Application
7. Latin America Smart Mirror Market Analysis and Forecast, 2020–2028
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Country
7.1.2. BPS Analysis, By Country
7.2. Market (US$Mn) and Volume (Units) Forecast, By Country
7.2.1. Brazil Smart Mirror Market
7.2.2. Mexico Smart Mirror Market
7.2.3. Argentina Smart Mirror Market
7.2.4. Rest Of Latin America Smart Mirror Market
7.3. Latin America Smart Mirror Market, By Technology
7.3.1. Smart Material
7.3.1.1. Electro chromic Technology
7.3.1.2. Self-Dimming Technology
7.3.1.3. Self-Cleaning Mirrors
7.3.1.4. Self-Repairing Mirrors
7.3.2. Electronic Devices
7.3.2.1. Sensors
7.3.2.2. Displays
7.3.2.3. Cameras
7.3.2.4. Touch Sensors
7.4. Latin America Smart Mirror Market, By Application
7.4.1. Automotive
7.4.2. Consumer & Household
7.4.3. Medical & Healthcare
7.4.4. Advertising & Retail
7.5. Latin America Smart Mirror Market Attractiveness Index
7.5.1. By Country
7.5.2. By Technology
7.5.3. By Application
8. Europe Smart Mirror Market Analysis and Forecast, 2020–2028
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Country
8.1.2. BPS Analysis, By Country
8.2. Market (US$Mn) and Volume (Units) Forecast, By Country
8.2.1. U.K. Smart Mirror Market
8.2.2. Germany Smart Mirror Market
8.2.3. Italy Smart Mirror Market
8.2.4. France Smart Mirror Market
8.2.5. Spain Smart Mirror Market
8.2.6. Russia Smart Mirror Market
8.2.7. Poland Smart Mirror Market
8.2.8. BENELUX Smart Mirror Market
8.2.9. NORDIC Smart Mirror Market
8.2.10. Rest Of Europe Smart Mirror Market
8.3. Europe Smart Mirror Market, By Technology
8.3.1. Smart Material
8.3.1.1. Electro chromic Technology
8.3.1.2. Self-Dimming Technology
8.3.1.3. Self-Cleaning Mirrors
8.3.1.4. Self-Repairing Mirrors
8.3.2. Electronic Devices
8.3.2.1. Sensors
8.3.2.2. Displays
8.3.2.3. Cameras
8.3.2.4. Touch Sensors
8.4. Europe Smart Mirror Market, By Application
8.4.1. Automotive
8.4.2. Consumer & Household
8.4.3. Medical & Healthcare
8.4.4. Advertising & Retail
8.5. Europe Smart Mirror Market Attractiveness Index
8.5.1. By Country
8.5.2. By Technology
8.5.3. By Application
9. Asia Pacific Smart Mirror Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market (US$Mn) and Volume (Units) Forecast, By Country
9.2.1. China Smart Mirror Market
9.2.2. India Smart Mirror Market
9.2.3. Japan Smart Mirror Market
9.2.4. Australia And New Zealand Smart Mirror Market
9.2.5. South Korea Smart Mirror Market
9.2.6. ASEAN Smart Mirror Market
9.2.7. Rest Of Asia Pacific Smart Mirror Market
9.3. Asia Pacific Smart Mirror Market, By Technology
9.3.1. Smart Material
9.3.1.1. Electro chromic Technology
9.3.1.2. Self-Dimming Technology
9.3.1.3. Self-Cleaning Mirrors
9.3.1.4. Self-Repairing Mirrors
9.3.2. Electronic Devices
9.3.2.1. Sensors
9.3.2.2. Displays
9.3.2.3. Cameras
9.3.2.4. Touch Sensors
9.4. Asia Pacific Smart Mirror Market, By Application
9.4.1. Automotive
9.4.2. Consumer & Household
9.4.3. Medical & Healthcare
9.4.4. Advertising & Retail
9.5. Asia Pacific Smart Mirror Market Attractiveness Index
9.5.1. By Country
9.5.2. By Technology
9.5.3. By Application
10. Middle East Smart Mirror Market, By Region
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market (US$Mn) and Volume (Units) Forecast, By Country
10.2.1. GCC Countries Smart Mirror Market
10.2.2. Israel Smart Mirror Market
10.2.3. Oman Smart Mirror Market
10.2.4. Rest Of Middle East Smart Mirror Market
10.3. Middle East Smart Mirror Market, By Technology
10.3.1. Smart Material
10.3.1.1. Electro chromic Technology
10.3.1.2. Self-Dimming Technology
10.3.1.3. Self-Cleaning Mirrors
10.3.1.4. Self-Repairing Mirrors
10.3.2. Electronic Devices
10.3.2.1. Sensors
10.3.2.2. Displays
10.3.2.3. Cameras
10.3.2.4. Touch Sensors
10.4. Middle East Smart Mirror Market, By Application
10.4.1. Automotive
10.4.2. Consumer & Household
10.4.3. Medical & Healthcare
10.4.4. Advertising & Retail
10.5. Middle East Smart Mirror Market Attractiveness Index
10.5.1. By Country
10.5.2. By Technology
10.5.3. By Application
11. Africa Smart Mirror Market, By Region
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) and Volume (Units) Forecast, By Country
11.2.1. South Africa Smart Mirror Market
11.2.2. Egypt Smart Mirror Market
11.2.3. North Africa Smart Mirror Market
11.2.4. Rest Of Africa Smart Mirror Market
11.3. Africa Smart Mirror Market, By Technology
11.3.1. Smart Material
11.3.1.1. Electro chromic Technology
11.3.1.2. Self-Dimming Technology
11.3.1.3. Self-Cleaning Mirrors
11.3.1.4. Self-Repairing Mirrors
11.3.2. Electronic Devices
11.3.2.1. Sensors
11.3.2.2. Displays
11.3.2.3. Cameras
11.3.2.4. Touch Sensors
11.4. Africa Smart Mirror Market, By Application
11.4.1. Automotive
11.4.2. Consumer & Household
11.4.3. Medical & Healthcare
11.4.4. Advertising & Retail
11.5. Africa Smart Mirror Market Attractiveness Index
11.5.1. By Country
11.5.2. By Technology
11.5.3. By Application
12. Recommendation
12.1. Market Strategy
13. Competitive Landscape
13.1. Competition Dashboard
13.2. List and Company Overview of Global Key Players
13.3. Company Profiles
13.3.1. ACEP France SA
13.3.1.1. Company Overview
13.3.1.2. Financial Overview
13.3.1.3. Product Portfolio
13.3.1.4. Key Developments
13.3.1.5. Business Strategies
13.3.2. Dension, S.L.
13.3.3. Gentex Corporation
13.3.4. Keonn Technologies
13.3.5. Magna International Inc.
13.3.6. Mirrus Corporation
13.3.7. Panasonic Corporation
13.3.8. Samsung Electronics
13.3.9. Seura Solutions
14. Acronyms
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
The global smart mirror market in 2020 is estimated for more than US$ 2,377.6 Mn and expected to reach a value of US$ 5,654.0 Mn by 2028 with a significant CAGR of 11.4%.
What are the key factors driving the growth of market?
Factors like increasing technological development, innovation, and adoption of smart home concept, elevated car production across the globe, and changing lifestyles are the major factor that fuels the growth of the global smart mirror market.
What segments are covered in market report?
The global smart mirror market is segmented on the basis of technology, application, and region.
What are the key participating players in the market?
The global smart mirror market is mainly dominated by ACEP France SA, Dension, S.L., Gentex Corporation, Keonn Technologies, Magna International Inc., Mirrus Corporation, Panasonic Corporation, Samsung Electronics, and Seura Solutions.
