Global Information Inc. would like to present a new market research report, "Smart Mirrors Markets - 2013" by NanoMarkets.
NanoMarkets estimates that the total global market for smart mirror technologies will be approximately $1 billion in 2013, and that this market will grow to a value of just of $3.4 billion ($US) by the end of the decade.
There is already a proven, strong demand for light sensor-triggered, electrochromically self-dimming smart rear-view mirrors in the automotive sector. Self-dimming improves driver comfort and safety, and we expect this feature to continue to dominate smart mirrors market. However, going forward, the importance of value-added functionalities incorporated through the addition of more sophisticated electronics, including displays, touch capability, Wi-Fi connectivity, GPS, etc., will grow.
Similarly, outside of the automotive sector, a wide array of new electronic functionalities in mirrors, like motion/occupant sensing, displays with user controlled and/or customizable content, network and/or internet connectivity, etc. will transform the humble mirror into a sophisticated digital device. Digital mirrors will act as information "hubs" for the user, enabling not only image reflection but also the delivery of useful and/or interesting information, thereby blurring the line between mirror and electronic device.
- Retail- and advertising applications are expected to be a strong area of growth for smart mirror technologies and these markets are expected to grow to over $450 million by 2020.
- Healthcare-related applications, in both home and professional settings, are also expected to be an excellent target market for early-entry smart digital mirrors. The value of smart mirror technologies in healthcare-related applications is expected to grow to $240 million by the end of the decade.
- Sophisticated smart mirrors will also grow in consumer and household applications and is expected to grow to nearly $270 million by 2020.