Smart Mirror Market – Global Drivers, Opportunities, Trends, and Forecasts to 2022

  • Report Code : INF497459
  • Published On: Apr, 2021
  • Category : New Research Areas
  • Pages : 74

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Flash Discount
15% Single User
20% Multi User
25% Corporate
30% Enterprise
  • Smart Mirror Market – Global Drivers, Opportunities, Trends, and Forecasts to 2022

    Brief: Smart mirror is one of the growing priorities of modern days’ shopping community. It is an alternative to the traditional mirror being used in malls, automobiles, and homes. The smart mirror offers an effortless experience allowing the user to get access to the information like they will eventually get from other devices such as smartphones, laptops, and TV. It is an interactive touch-free device that will address the need of accessing up-to-date information required by the user. The combination of mirrors with RFID & display technology will be useful in displaying information and can be customized according to user-specific suggestions. As for now, consumers are interested in using technology in integrated mirrors, thereby creating opportunities for both manufacturers and fashion designers to come up with new innovative ideas to grab market share and standout in the competition.

    Market Analysis: The automobile industry was the first to start the smart mirror trend, helping in collecting information such as newsfeed, music, calendar with an additional option of Bluetooth connectivity. The “Smart Mirror” market is expected to reach $1,220.3 million by 2022, growing at a CAGR of 14.4% during the forecast period 2016–2022. The market is driven by the automotive sector as the innovative mirrors will play a major role in providing comfortable drive and safety to the driver. The mirrors are available in different modes offering complete rear-view and control over the reflections. There is a vast scope for embedded mirrors in other sectors such as retail, healthcare, and residential. The leading adoption of technology is driving various start-ups to enter the market along with electronic devices manufacturers.

    Product Analysis: The market study of smart mirror will talk about smart materials and embedded technologies. In addition, the report talks about the regions and industry verticals. The smart material market is segmented into self-dimming, self-healing, and self-cleaning mirrors. Self-dimming mirrors hold the majority of the market share as automobiles are using rear-view mirrors. The embedded technologies include internet connectivity, RFID, Bluetooth, cameras, touchscreen, etc. The automotive sector holds the majority of the mirror market share followed by retail. The consumer and healthcare sectors have tremendous opportunities during the forecast years, and the market will see a lot of players entering the ecosystem. The smart material market is expected to reach $709.4 million by 2022, growing at a CAGR of 16.3%.

    Regional Analysis: As per the geographical segmentation, Europe holds the majority of the market share followed by North America. The wide acceptance of smart mirror in automobiles, retail and consumer sectors is the major driver for the growth of the market in these regions. APAC will grow the fastest due to the emergence of small start-ups and improvise in knowledge sharing. LAMEA has restrictions on clothes for women, reducing the opportunity for the global providers in the retail sector. However, the market for automobiles will be very strong in GCC countries.

    Key Players: Panasonic, Samsung, Seura, Magna International, Gentex, Evervue, Alke, Toshiba, Ad Notam AG, Pro Display, and Tech2o.

    Competitive Analysis: The study covers and analyzes the “Smart Mirror” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists and other companies in understanding the companies better and take informed decisions.

     

  • With tables and figures helping analyze worldwide Smart Mirror market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.


    1 Industry Outlook 10

    1.1 Industry Overview 10

    1.2 Industry Trends 10

    1.3 PESTLE Analysis 11


    2 Report Outline 11

    2.1 Report Scope 11

    2.2 Report Summary 12

    2.3 Research Methodology 13

    2.4 Report Assumptions 13


    3 Market Snapshot 13

    3.1 Total Addressable Market (TAM) 14

    3.2 Segmented Addressable Market (SAM) 14

    3.3 Related Market 15

    3.3.1 Wearable Market 15

    4 Market Outlook 15

    4.1 Overview 15

    4.2 Market Definition – Infoholic Research 15

    4.3 Evolution of Mirror 15

    4.4 Smart Material 16

    4.5 Segmentation 17

    4.6 Porter 5 (Five) Forces 17


    5 Market Characteristics 18

    5.1 Smart Mirror: Architecture 18

    5.2 Smart Mirror: Features 18

    5.3 Market Dynamics 19

    5.3.1 Drivers 20
    5.3.1.1 Rapid demand from retail sector 20
    5.3.1.2 Growing investment in R&D to improve product portfolio 20
    5.3.1.3 Regulations for installing camera display mirrors 20
    5.3.2 Restraints 21
    5.3.2.1 High cost 21
    5.3.2.2 Lack of awareness 21
    5.3.3 Opportunities 21
    5.3.3.1 Smart mirror for healthcare 21
    5.3.3.2 Smart washroom 22

    5.4 DRO – Impact Analysis 22

    5.5 Key Stakeholders 22


    6 Smart Mirror by Technologies: Market Size and Analysis 23

    6.1 Overview 23

    6.2 Smart Material 24

    6.2.1 Self-dimming 24
    6.2.2 Self-cleaning 25
    6.2.3 Self-healing 26

    6.3 Embedded Technologies 26

    6.3.1 Market Size and Analysis 26

    7 End-user Verticals: Market Size and Analysis 28

    7.1 Overview 28

    7.2 Healthcare 29

    7.3 Automotive 29

    7.4 Consumer 30

    7.5 Retail and Marketing 31


    8 Regions: Market Size and Analysis 33

    8.1 Overview 33

    8.2 North America 33

    8.2.1 Market Size and Analysis 33
    8.2.2 DRO for North America 34
    8.2.3 US 35
    8.2.4 Canada 35

    8.3 Europe 37

    8.3.1 Market Size and Analysis 37
    8.3.2 DRO for Europe 38
    8.3.3 UK 39
    8.3.4 Germany 39
    8.3.5 France 39

    8.4 Asia Pacific (APAC) 41

    8.4.1 DRO for APAC 42
    8.4.2 China 43
    8.4.3 Japan 43
    8.4.4 India 43

    8.5 LAMEA (Latin America and Middle East & Africa) 45

    8.5.1 DRO 46

    9 Competitive Landscape 48

    9.1 Overview 48

    9.2 Gentex Corp. 48

    9.3 Panasonic 49

    9.4 Suera 49

    9.5 Samsung 50

    9.6 Magna International 50


    10 Vendor Profiles 50

    10.1 Panasonic Corp. 50

    10.1.1 Overview 50
    10.1.2 Business Units 51
    10.1.3 Geographic Revenue 52
    10.1.4 Business Focus 53
    10.1.5 SWOT Analysis 53
    10.1.6 Business Strategy 54

    10.2 Samsung Electronics Co. Ltd. 55

    10.2.1 Overview 55
    10.2.2 Business Segments 56
    10.2.3 Geographic Revenue 56
    10.2.4 Business Focus 57
    10.2.5 SWOT Analysis 57
    10.2.6 Business Strategy 58

    10.3 Gentex Corp. 59

    10.3.1 Overview 59
    10.3.2 Business Units 59
    10.3.3 Geographic Revenue 60
    10.3.4 Business Focus 61
    10.3.5 SWOT Analysis 61
    10.3.6 Business Strategy 62

    10.4 Magna International Inc. 63

    10.4.1 Overview 63
    10.4.2 Business Segments 64
    10.4.3 Geographic Revenue 65
    10.4.4 Business Focus 66
    10.4.5 SWOT Analysis 66
    10.4.6 Business Strategy 67

    10.5 Seura 68

    10.5.1 Overview 68
    10.5.2 Product Category 68
    10.5.3 Geographic Presence 69
    10.5.4 Business Focus 70
    10.5.5 SWOT Analysis 70
    10.5.6 Business Strategy 71

    11 Companies to Watch for 71

    11.1 Pro Display 72

    11.2 Evervue 72

    11.3 Alke 72

    11.4 Ad Notam AG 72

    11.5 Tech2o 73

    11.6 Toshiba Corp. 73

    Annexure 74
     Abbreviations 74

     

  • The Smart Mirror Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
    • Gentex Corp.
    • Panasonic
    • Suera
    • Samsung
    • Magna International etc.
    By Regions:
      By Type:
        By Application:
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        Research objectives

        Where will all these developments take the industry in the long

        To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

        What are the future opportunities in the market?

        To understand the structure of Market by identifying its various subsegments.

        What are the major driving forces expected to impact the development of the market market across different regions?

        To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

        Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

        To project the consumption of market submarkets, with respect to key regions.

        Who are the major driving forces expected to decide the fate of the industry worldwide.

        To strategically profile the key players and comprehensively analyze their growth strategies.

        What are the key barriers and threats believed to hinder the development of the industry?

        To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

        Who are the prominent market players making a mark in the market with their winning strategies?

        To share detailed information about the key factors influencing the growth of the market

        What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

        Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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