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PUBLISHER: IMARC | PRODUCT CODE: 1390574
PUBLISHER: IMARC | PRODUCT CODE: 1390574
Smart Mirror Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 145 Pages
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Abstract
The global smart mirror market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2028, exhibiting a growth rate (CAGR) of 11.54% during 2022-2028.
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 2023-2028. Our report has categorized the market based on component, type, functionality, technology and end user.
Breakup by Component:
Hardware
Software
Breakup by Type:
Interior 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 2022?
- 2. What is the expected growth rate of the global smart mirror market during 2023-2028?
- 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?
Product Code: SR112023A4364
Table of Contents
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
- 11.1.1 United States
- 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
- 11.2.1 China
- 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
- 11.3.1 Germany
- 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
- 11.4.1 Brazil
- 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
- 16.3.1 Archello
Product Code: SR112023A4364
List of Figures
- Figure 1: Global: Smart Mirror Market: Major Drivers and Challenges
- Figure 2: Global: Smart Mirror Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Smart Mirror Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Smart Mirror Market: Breakup by Component (in %), 2022
- Figure 5: Global: Smart Mirror Market: Breakup by Type (in %), 2022
- Figure 6: Global: Smart Mirror Market: Breakup by Functionality (in %), 2022
- Figure 7: Global: Smart Mirror Market: Breakup by Technology (in %), 2022
- Figure 8: Global: Smart Mirror Market: Breakup by End User (in %), 2022
- Figure 9: Global: Smart Mirror Market: Breakup by Region (in %), 2022
- Figure 10: Global: Smart Mirror (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Smart Mirror (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Smart Mirror (Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Smart Mirror (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Smart Mirror (Interior Mirrors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Smart Mirror (Interior Mirrors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Smart Mirror (Exterior Mirrors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Smart Mirror (Exterior Mirrors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Smart Mirror (Connected) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Smart Mirror (Connected) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Smart Mirror (Non-Connected) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Smart Mirror (Non-Connected) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Smart Mirror (Self-Dimming) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Smart Mirror (Self-Dimming) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Smart Mirror (Self-Cleaning) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Smart Mirror (Self-Cleaning) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Smart Mirror (Self-Repairing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Smart Mirror (Self-Repairing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Smart Mirror (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Smart Mirror (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Smart Mirror (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Smart Mirror (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Smart Mirror (Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Smart Mirror (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Smart Mirror (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Smart Mirror (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: North America: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: North America: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: United States: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: United States: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Canada: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Canada: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Asia-Pacific: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Asia-Pacific: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: China: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: China: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Japan: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Japan: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: India: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: India: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: South Korea: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: South Korea: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Australia: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Australia: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Indonesia: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Indonesia: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Others: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Others: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Europe: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Europe: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Germany: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Germany: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: France: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: France: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: United Kingdom: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: United Kingdom: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Italy: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Italy: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Spain: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Spain: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Russia: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Russia: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Latin America: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Latin America: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Brazil: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Brazil: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Mexico: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Mexico: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Others: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Others: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Middle East and Africa: Smart Mirror Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Middle East and Africa: Smart Mirror Market: Breakup by Country (in %), 2022
- Figure 84: Middle East and Africa: Smart Mirror Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Global: Smart Mirror Industry: SWOT Analysis
- Figure 86: Global: Smart Mirror Industry: Value Chain Analysis
- Figure 87: Global: Smart Mirror Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Smart Mirror Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Smart Mirror Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Smart Mirror Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 4: Global: Smart Mirror Market Forecast: Breakup by Functionality (in Million US$), 2023-2028
- Table 5: Global: Smart Mirror Market Forecast: Breakup by Technology (in Million US$), 2023-2028
- Table 6: Global: Smart Mirror Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 7: Global: Smart Mirror Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 8: Global: Smart Mirror Market: Competitive Structure
- Table 9: Global: Smart Mirror Market: Key Players
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