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.
Smart mirror manufacturers are focused on entering global consumer electronics market with a focus on the upper-middle-class demographic across the globe. Moreover, various smart mirror manufacturers are offering beauty-advising features that advice users regarding the best look that suits them such as hairstyle, beard, mustache, make-up, etc. options, and other interesting tips. For instance, Panasonic Corporation is in the process of launching its professional health and makeup advisor in the near future. This mirror will be equipped with ability to provide a virtual preview of users’ appearance.
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What is the market size of Smart Mirror in 2022?
The global market for Smart Mirror is expected to reach USD 864.3 Million by 2022.
What is the primary factor contributing towards the growth of global Smart Mirror market?
Favorable government regulatory policies are expected to drive growth of the global smart mirror market during the forecast period.
Which sub-segment among Component held the largest market share in the global Smart Mirror market?
Displays sub-segment holds the largest market share among Component segment contributing 43.1% market share in terms of value in 2019.
Who are the key players operating in the global Smart Mirror market?
Key players operating in the global Smart Mirror market are Panasonic Corporation, Gentex Corporation, Samsung Electronics Co., Ltd., Magna International Inc., Tech2O, Pro Display, ad notam AG, Evervue, Murakami Kaimeido, and Perseus Mirrors.
Which region held the largest market share in the global Smart Mirror market?
Europe region hold the largest share in the global Smart Mirror market in 2019, accounting for 38.2% share in terms of value.
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