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Smart Mirror Market Report by Component (Hardware, Software), Type (Interior Mirrors, Exterior Mirrors), Functionality (Connected Mirror, Non-Connected Mirror), Technology (Self-Dimming, Self-Cleaning, Self-Repairing), End User (Automotive, Healthcare, Re

Publisher IMARC Services Pvt. Ltd.
Published Aug 10, 2024
Length 136 Pages
SKU # IMRC19103444

Description

Smart Mirror Market Report by Component (Hardware, Software), Type (Interior Mirrors, Exterior Mirrors), Functionality (Connected Mirror, Non-Connected Mirror), Technology (Self-Dimming, Self-Cleaning, Self-Repairing), End User (Automotive, Healthcare, Residential, and Others), and Region 2024-2032


The global smart mirror market size reached US$ 3.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.4 Billion by 2032, exhibiting a growth rate (CAGR) of 10.2% during 2024-2032.

A smart mirror is a two-way digital mirror equipped with advanced sensors, cameras, electronic displays and connectivity systems. It has internet, Bluetooth and Wi-Fi connectivity and touchscreen capabilities to receive phone calls, access smartphone applications and provide the user with an interactive experience. Smart mirrors also include built-in light emitting diode (LED) lights with adjustable color and warmth functions to provide optimal lighting as per the user requirement. The display unit can show date, time, weather forecast, news feed and upcoming events and appointments on the mirror surface. The mirrors have self-dimming, self-cleaning and self-repairing capabilities, are waterproof and scratch-resistant and can be used for both informational and entertainment purposes. As a result, they find extensive applications across various industries, such as automotive, advertising, retail, residential and healthcare.

Smart Mirror Market Trends:

Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Smart mirrors are widely used in passenger and light-commercial vehicles with advanced driver assistance systems (ADAS) to provide blind spot vision and enhance the safety of the driver and the passengers. Moreover, rapid digitization across the retail industry is providing a thrust to the market growth. For instance, retailers and fashion brands are extensively using smart mirrors in fitting rooms to provide a 360-degree view of the outfit and providing a digital shopping experience to the consumers. The shoppers can also interact with the mirror to adjust the lighting and get styling recommendations. Additionally, various technological advancements, such as the development of smart mirrors integrated with the Internet of Things (IoT) and artificial intelligence (AI) solutions, are also contributing to the market growth. Other factors, including the rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market towards growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart mirror market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, type, functionality, technology, and end user.

Breakup by Component:
  • Hardware
  • Software
Breakup by Type:
  • nterior Mirrors
  • Exterior Mirrors
Breakup by Functionality:
  • Connected Mirror
  • Non-Connected Mirror
Breakup by Technology:
  • Self-Dimming
  • Self-Cleaning
  • Self-Repairing
Breakup by End User:
  • Automotive
  • Healthcare
  • Residential
  • Others
Breakup by Region:
  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa
Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Archello, Dension Ltd, Electric Mirror Inc., Ficosa International SA (Panasonic Corporation), Gentex Corporation, Japan Display Inc., Magna International Inc., Murakami Corporation, Samsung Electronics Co. Ltd, and Seura.

Key Questions Answered in This Report

1. What was the size of the global smart mirror market in 2023?

2. What is the expected growth rate of the global smart mirror market during 2024-2032?

3. What has been the impact of COVID-19 on the global smart mirror market?

4. What are the key factors driving the global smart mirror market?

5. What is the breakup of the global smart mirror market based on the component?

6. What is the breakup of the global smart mirror market based on the type?

7. What is the breakup of the global smart mirror market based on the functionality?

8. What is the breakup of the global smart mirror market based on the technology?

9. What is the breakup of the global smart mirror market based on the end user?

10. What are the key regions in the global smart mirror market?

11. Who are the key players/companies in the global smart mirror market?

Table of Contents

136 Pages
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smart Mirror Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Type
7.1 Interior Mirrors
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Exterior Mirrors
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Functionality
8.1 Connected Mirror
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Non-Connected Mirror
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Technology
9.1 Self-Dimming
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Self-Cleaning
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Self-Repairing
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by End User
10.1 Automotive
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Healthcare
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Residential
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Archello
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Dension Ltd
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Electric Mirror Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Ficosa International SA (Panasonic Corporation)
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Gentex Corporation
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.6 Japan Display Inc.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.7 Magna International Inc.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Murakami Corporation
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 Samsung Electronics Co. Ltd
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Seura
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio

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