1. Home
  2. > Retail Market Trends
Smart Mirror Market by Offering, Application, Hospitality, Retail), Technology, Installation Type, Sales Channel and Region - Global Forecast to 2027

Smart Mirror Market by Offering, Application, Hospitality, Retail), Technology, Installation Type, Sales Channel and Region - Global Forecast to 2027

  • August 2022
  • 195 pages
  • ID: 5494010
  • Format: PDF
  • MarketsandMarkets

Summary

Table of Contents

Search Inside

The global smart mirror market size is estimated to be USD 2.7 billion in 2022 and is projected to reach USD 5.9 billion by 2027, at a CAGR of 16.8% during the forecast period. Some of the major factors contributing to the growth of smart mirror market includes the surging adoption of electric vehicles (EVs) across the globe, and increasing emphasis on automation of various end-use industries, including automotive, and retail. Some of the other major factors propelling the market growth include increasing focus towards enhanced safety features in automobiles, rising number of smart homes, surging penetration of virtual retail and smart retail stores to increase customer satisfaction.

Sensors likely to witness highest growth among all hardware component in the global smart mirror market by 2027
Hardware components include sensors, displays, cameras, and other devices such as audio systems and connectivity devices.A sensor is one of the most important hardware components of smart mirrors.

Sensors can perform logical functions such as decision-making and communication with various other systems as well as controlled devices.A variety of sensors are used in smart mirrors such as temperature, humidity, light, and occupancy sensors.

A light sensor is integrated into the smart mirror to measure the light in a room or the surroundings to determine if the mirror needs to be turned on/off. The humidity sensor is a vital component of the smart mirrors in bathrooms to protect the electronics in the smart mirrors from moisture.

Surging adoption of IoT devices for home automation to propel deployment of smart mirrors in residential applications

The smart mirrors used in smart homes or residential application can be integrated with IoT devices such as Alexa or smartphones to provide information such as weather updates, e-mail notifications, as well as for security and the control of home appliances in the environment in which these are deployed.Smart mirror systems deployed in the residential application or homes can accept three modes of input commands, namely, touch, mobile commands, and voice commands.

Touchscreen commands can be used whenever an administrator/owner is in front of the mirror and mobile-based controls can be used when the administrator/owner of the mirror is away from the mirror.

Electro-chromatic smart mirrors are likely to dominate the market during the forecast period.
Electro-chromatic smart mirrors are expected to witness robust demand in the coming years due to surging demand for auto dimming technology in electric vehicles (EVs) and mirrorless vehicles.Electro chromatic mirrors/auto dimming mirrors use a combination of optoelectronic sensors and other complex electronic devices such as sensors, circuit boards, and micro-controllers that constantly monitor ambient light and the intensity of light shining directly on the mirror surface.

As soon as sensors detect a glare, the electro chromatic surface of the mirror becomes darker to protect the driver’s eyes and their concentration. Gentex is one of the most well-known auto dimming mirror manufacturers.

Americas likely to be the second largest market for smart mirror during the forecast period
The Americas comprise North America and South America.North America is technologically advanced as compared to South America; hence, the acceptance of smart mirror product offerings is also higher in North America.

Countries such as the US and Canada in the North American region are promoting smart product solutions.North America is the developed market for smart mirrors along with the presence of several players such as Gentex Corporation (US), Magna International (Canada), and Séura Solutions (US), which are significantly active in this region.

Major market players have headquarters in this region.These players have also started integrating smart mirrors with other IoT devices.

The US accounted for the largest share of the smart mirror market in Americas in 2021. Growth of the market can be attributed to the rising government support towards the adoption of electric cars and autonomous vehicles. The country has undertaken significant investments in upgrading technology in EVs for future-ready new models and with upgraded technology.

A variety of executives from key organizations operating in the smart mirror market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.
• By Company Type:Tier 1 = 50%, Tier 2 = 30%, and Tier 3 = 20%
• By Designation:C-level Executives = 35%, Directors = 30%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 35%
• By Region: Americas = 40%, Europe= 25%, APAC=20%, and ROW=15%

Gentex Corporation (US), Ficosa (Spain), Seura Solutions (US), Magna International (Canada), Japan Display Inc. ("JDI") (Japan), Murakami Kaimeido (Japan), Harman International Industries (US), ad notam (Germany), Dension (Hungary), and Keonn Technologies (Spain) are the key players in the smart mirror market. These top players have strong portfolios of products and services and a presence in both mature and emerging markets.

The study includes an in-depth competitive analysis of these key players in the smart mirror market, with their company profiles, recent developments, and key market strategies.

Research Coverage
This report offers detailed insights into the smart mirror market based on offering, application, installation type, sales channel, technology, and geography.Based on technology, the market has been segmented into electro chromatic and others (semi-reflective smart mirrors, self-repairing mirrors, self-cleaning mirrors, LCD/LED display mirrors, and smart retail digital mirrors).

Furthermore, based on the sales channel, the market has been segmented into direct sales and indirect sales.The market, by application, has been segmented into automotive, retail, residential, hospitality, healthcare, and others.

Based on region, the market has been segmented into the Americas (North America, South America), Europe, Asia Pacific (APAC), and Rest of the World (RoW) which includes the Middle East and Africa (MEA).
The report also provides a comprehensive review of smart mirror market drivers, restraints, opportunities, and challenges in the market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments.This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

The report also helps stakeholders understand the pulse of the smart mirror market and provides them information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Men Cologne Market Trends in China

  • $ 3000
  • November 2022
  • 134 pages

This study focuses on China’s Men Cologne market trends. In the two past decades, the market has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consume ...

  • China
  • Germany
  • Retail
  • Industry analysis
  • Industrial Production
  • Labour Force

Conditioner Market Trends in China $ 3000 November 2022


ref:plp2022

Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on