Smart Mirror Market Analysis, Top Companies, Scope, Demand, Opportunity Till 2033

PRESS RELEASE
Published January 31, 2023

In its most recent analysis, Persistence Market Research provides important insights on the global smart mirrors market. In terms of volume, it is predicted that the global smart mirror market will develop at a CAGR of over 10% between 2021 and 2031, reaching a market value of US$ 6.5 Bn. Persistence Market Research provides important insights into these key determinants in depth in this study.

The market has been divided into sensors, displays, cameras, and other component categories. The global market for smart mirrors is predicted to be dominated by displays in terms of value share by 2021.

The automotive, consumer & residential, healthcare, retail, and advertising segments make up the global market for smart mirrors. In terms of revenue contribution, the automotive sector segment is anticipated to account for the largest share of the global smart mirror market in 2021; however, the consumer & residential segment is anticipated to grow at an impressive CAGR over the period of 2021–2031. This is because numerous smart mirror manufacturers around the world are increasingly adopting new & innovative technologies in the smart mirror industry.

Smart Mirror Market

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Growth of the global smart mirror market is mainly driven by the high demand of smart mirror from key applications. Also, various key players in the smart mirror market are focused towards enhancing their respective product portfolios by introducing products with new and innovative features for use across a range of application areas is fueling the growth of the smart mirror market. However, high implementation cost of the smart mirror and either relatively low or total lack of awareness among people regarding smart mirror technology are restraining the growth of the market to some extent.

This report covers trends driving each segment and respective sub-segments and offers analysis and insights of the potential of the smart mirror market in specific regions. By region, North America has been estimated to dominate the smart mirror market and is expected to account for 25.5% value share of the overall market in 2021, exhibiting a healthy CAGR over the next ten years.

Some of the major players identified in the global smart mirror market are

  • Gentex Corporation.
  • Magna International Inc.
  • Pro Display.
  • Evervue.
  • Séura.
  • Alke.
  • ad notam AG.
  • Tech2o.
  • Samsung Electronics Co., Ltd.

Key players in the market follow the strategy of acquisition and mergers and are focusing on meeting consumer demands and their needs in order to strengthen their position in the market. Furthermore, consistent investment in R&D activities in order to enhance existing products and services portfolio is another major strategy adopted by major players operating in the smart mirror market.

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Market Segmentation:

Component

  • Sensors
  • Displays
  • Camera
  • Others (Mic, Speaker, and Communication devices)

Application

  • Automotive Sector
  • Consumer & Residential
  • Healthcare
  • Retail Sector & Advertising

Region

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • Rest of Asia Pacific
  • The Middle East & Africa (MEA)
    • GCC
    • South Africa
    • North Africa
    • Rest of MEA

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