Global Smart Mirror Industry to reach USD 4.5 billion by 2025.
Global Smart Mirror Industry valued approximately USD 1.92 billion in 2016 is anticipated to grow with a healthy growth rate of more than 9.93% over the forecast period 2019-2025. Advancement in technology and the growing use of smart mirrors in the automobile sector are the major factors driving the growth in Global Smart Mirror Industry. However, the cost of these mirrors is very high and lack of awareness among people are the constraints in the growth of the Industry. A smart mirror is a multifunctional mirror that has an electronic display screen, placed behind the glass. The display provides the viewer with different information like time, date, weather and news updates. This mirror is useful for the person who wants to stay informed while doing a work or want to multitask. Smart mirrors have various features such as touchscreen option and Internet connectivity. The smart mirror is being used in vehicles in a different manner like, for rear-view, that assists in parking the vehicle, mirror with self-dimming and light sensors are used to control reflections that provide improved road safety by improving driver convenience. Thus, the demand for smart mirrors is getting strong in the automotive sector. The smart mirrors have become popular among those having busy work schedules, luxurious population and changing lifestyle. Moreover, smart mirrors have various applications which include consumer, household, retail, advertising, medical & healthcare.
The regional analysis of Global Smart Mirror Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Industry share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025.
The objective of the study is to define Industry sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Industry. Additionally, the report shall also incorporate available opportunities in micro Industrys for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Smart Mirror Industry Share and Size by 2019-2025
Smart Mirror Market Segmentation:
* Hospitality and Retail
* Others (Smart Homes and Healthcare)
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Smart Mirror Market are as follows:
Gentex Corporation, Magna International Inc., ACEP France SA, Panasonic Corporation, Seura Solutions, Samsung Electronics, Dension, Keonn Technologies, S.L. and Mirrus Corporation, Evervue, Alke, Toshiba, Ad Notam AG, Pr - Display, and Tech2o, Electric Mirror, Murakami Kaimeido, Ficosa and s - on.