PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1768037
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1768037
Smart Mirror Market is estimated to be valued at USD 1,308.0 Mn in 2025 and is expected to reach USD 3,479.3 Mn by 2032, growing at a compound annual growth rate (CAGR) of 15% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 1,308.0 Mn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 15.00% | 2032 Value Projection: | USD 3,479.3 Mn |
A smart mirror refers to a highly functioning advanced mirror that is manufactured by the integration of embedded electronics such as sensors, cameras, and displays. Smart mirrors provide a number of features such as internet connectivity and touchscreen option. Memory mirror is a large display that is comprised of cameras and other devices. They are used in showrooms to try on apparel. Furthermore, smart mirrors find applications in automotive, consumer, residential, retail, advertising, and medical & healthcare sectors.
Governments of many countries have become more vigilant towards road accidents caused up by backing up of vehicles. Thus, they are taking actions regarding the installation of the smart rear vision system for vehicles. For instance, the U.S. issued a rule requiring rear visibility technology in all new vehicles weighing under one ton manufactured on or after March 31, 2018. Furthermore, the Russian government curiously mandating that all new cars to be equipped with rear cameras as drivers can back up easily. Thus, these factors are expected to drive growth of the market during the forecast period. Manufacturers in the market are focused on fulfilling consumer demand since today's demand is to be socially active and updated at the same time. Thus, smart mirrors are integrated with social media platforms and provide an update about daily news, weather forecasting, and traffic reports. Hence, these factors are expected to propel the global smart mirror market growth over the forecast period.
This report segments the Global Smart Mirror Market on the basis of Component, Application and Region. On the basis of Component, Global Smart Mirror Market is segmented into Displays, Camera, Sensors and Others (Mic, Speaker, Other communication devices. On the basis of Application, the Global Smart Mirror Market is segmented into Automotive, Consumer & Residential, Healthcare and Retail Sector & advertising. On the basis of region, Global Smart Mirror Market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.