Smart Mirror Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Chemicals and Materials | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC308

A mirror that is integrated with connectivity features and myriad electronic devices are specifically called the smart mirrors. These mirrors are majorly used in automotive, retail and healthcare industry. They are integrated with other simple devices in order to make them smart and connectable. The growth of smart mirrors market is highly credible to the upcoming smart applications that have given rise to the development of smart devices that are controlled through mobile applications. The smart mirrors come with touch screen technology and are user friendly and easily to operate.

In automotive industry, these smart mirrors are used in place of ordinary rear view mirrors. These enable the user to get full rear view for safer driving experience. In terms of retail and residential segments, the smart mirrors are utilized for analysing consumer’s requirements, specifically in regards to cosmetic and makeup. These intelligent mirrors are further anticipated to witness bright future in advertisement and retail industry. The pilots of these mirrors were initially installed in office lobbies, elevators, public restrooms and hotels, to better understand the adoptability of these mirrors in the market. Few years back, Mirrus Corporation and CCA (clear channel airports) had performed a pilot test, by installing 150 smart mirrors integrated with advertising displays in all the restrooms at Chicago O’Hare airport. This had resulted in noteworthy rise in the sales in retail sector, particularly in the dressing rooms. The blend of RFIDs with mirrors along with the display technologies are predicted to be very useful in terms of displaying critical information and user-centred advices, hence fuelling the sales growth.

In the healthcare sector, these mirrors are expected to improvise the compliance and patient care, further reducing the excessive cost in healthcare. These are capable of delivering patient specific information that includes real-time human body statistics (blood pressure, body temperature, and heart rate) and reminder for the prescription. Furthermore, the information provided by integrated camera can be used for diagnosing patients more efficiently, and would also enable doctors to provide their patients with appropriate treatments. Growing innovation in the field of technology has become one of key factors driving the smart mirrors market. The market for smart mirrors is highly influenced by technological development across the globe. Various vendors in the market are highly focused on providing innovative products to their customers. Nevertheless, the high initial cost of these mirrors poses significant challenge for the market players. Additionally, the market is also hampered due to lack of awareness and reluctance to change in people.

The market for smart mirrors is primarily segmented into technology, which is further bifurcated into electronic devices and smart material. The electronic devices segment is further segmented into displays, sensors, touch screen and cameras. All these electronic devices are mainly used in the automotive industry. Whereas, the smart material segment is further categorized into technology used and their characteristics; the segment includes self-dimming technology, electro-chromic technology, self-repairing technology and self-cleaning mirrors. The application segment is segmented into consumer & household, automotive, medical & healthcare and retail & advertisement. Presently, the automotive segment is leading the market and is further expected to retain its dominance during the forecast period due to the increasing concern towards safety and security in vehicles. These smart mirrors are available in all distinct modes that are capable of providing complete rear view and governance over reflections of light. Therefore, demand of these smart mirrors is anticipated to remain robust in the automotive sector. Some of the major key players in this market are Magna International Inc., Keonn Technologies, Gentex Corporation, Mirrus Corporation, Panasonic Corporation, Samsung Electronics, ACEP France SA, Seura Solutions, and Dension, S.L.

Market Segmentation

Market by Technology

·         Electro-chromic technology

·         Self-dimming technology

·         Self cleaning mirrors

·         Self repairing mirrors

Market by Application

·         Automotive

·         Consumer & household

·         Medical & healthcare

·         Advertising & retail

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Philippines

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


Related Reports

Recycled Elastomers Market By Raw Material: (Styrene butadiene rubber, Nitrile butadiene rubber, Propylene rubber, Chloroprene rubber, Natural rubber, Polyurethane rubber, Others) By Application: (Medical, Agriculture, Sports product, Playground surfaces, Infrastructure, Home & garden) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global recycled elastomers market size is expected to reach around US$ 6.8 billion by 2026 and growing at a CAGR of above 11.9% over forecast period 2019 to 2026. Elastomer materials are made of polymer materials that are joined by chemical bonds and have high elongation and flexibility properties that increase its applicability in various industries. Elastomers rubber compound

Beverage Container Market By Material: (Plastic, Paperboard, Glass, Metal); By Container Type: (Jars & Bottles, Cans, Cartons, Pouches, Bag-In-Boxes); By Application: (Non-Alcoholic Beverages, Alcoholic Beverages) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global beverage container market size is expected to reach around US$ 251 billion by 2026 and growing at noteworthy CAGR around 4.2 % throughout the forecast period 2019 to 2026. Beverage container refers to the packaging of beverages with jars & bottles, cartons, pouches, bags-in-boxes or cans. These containers are manufactured from the paperboard, plastics, glass or metals, and also from

Cinnamaldehyde Market (By Type: Flavor Agent, Aroma Agent, Antimicrobial Agent, Other Types of Product; By Application: Food and Beverages, Household & Personal Care Industry, Agriculture, Healthcare, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global cinnamaldehyde market is expected to grow at a CAGR of around 6.0% during the forecast period 2019 - 2026 and reach the market value of over US$ 330 Mn by 2026. Cinnamaldehyde is also known as 3-phenyl-2-propenal, cinnamic, phenylalacrolein, cinnamal, cinnamyl aldehyde, and trans-cinnamaldehyde. It is a yellowish oily liquid with a sweet taste and a cinnamon smell that is liable for the

Lignin Market (By Product: Ligno-sulphonates, Organosolv Lignin, Kraft Lignin, Others; By Application: Macromolecules, Aromatics) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global lignin market value is expected to reach around US$ 907.1 million by 2026 and forecasted to grow at a CAGR of 2% over the time frame 2019 to 2026. The report provides analysis of global lignin market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights The worldwide lignin industry is evolving at a good pace, with a favorable develop

Graphene Market (By Product: Graphene nanoplatelets, Graphene oxide, Others; By Application: Electronics, Composites, Energy, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

The global graphene market is forecasted to grow at a CAGR around 38.2% over the forecast time frame 2019 to 2026 and reach around US$ 552.6 million by 2026. The report provides analysis of global Graphene market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.  Market Insights Increasing demand for lightweight and durable products for different parts, incl

Cart Summary