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Smart Mirrors Market Size, Segmentation, Opportunities, Trends, Growth and Industry Forecast To 2020

Overview:

Smart mirrors refer to mirror glasses that are equipped with various embedded electronic devicesand connectivity features. Some of the popular electronic devices incorporated in the smart mirrors include sensors,displays, cameras and connectivity equipment.Some of the smart mirrors available in the market also provide touchscreen facility forbetter operation. Smart mirrors find application majorly across automotive, retail, residential and healthcare segments. In automotive segment, smart mirrors are being used in side-view and rear-view mirrors for better safety. The prime purpose for using smart mirrors in automotive is to enable full rear view of the vehicle. In the case of residential and retail segments, smart mirrors are deployed to suggest the consumers in the matters of makeup and other cosmetics.

Rising technological advancements in the embedded devices is one of the most significant factor fueling the smart mirrors market. The market is highly technology driven and hence, smart mirror vendors are constantly focused on providing advanced products that can attract more consumers. Currently, the automotive segment dominates the smart mirrors market and is estimated to retain its dominant position in the market throughout the forecast period. Smart mirrors used in the automotive sector are designed for better safety of the passengers. These are available in different modes that can provide complete rearview and control over light reflections. Thus, the demand for smart mirrors is expected to remain strong in the automotive segment. Nevertheless, the high cost of these mirrors pose significant challenge for the market. Additionally, the market is also hampered due to lack of awareness and reluctance to change in people.

The global smart mirror market is segmented on the following bases:

1.   Components

a.    Sensors

b.    Camera

c.    Displays

d.   Audio System

e.    Connectivity

2.   Applications

a.    Automotive

b.    Retail

c.    Residential

d.   Healthcare

3.   Geography

a.    North America

i.    US

ii.    Canada

b.    Europe

 i.    EU7 (U.K., Spain, France, Germany, Italy, Belgium & the Netherlands)

ii.    CIS Countries

iii.    Rest of Europe

c.    Asia-Pacific

i.    Japan

ii.    China

iii.    South Asia

iv.    Oceania

v.    Rest of Asia Pacific

d.   Latin America

i.    Brazil

ii.    Mexico

iii.    Rest of Latin America

e.    Middle East & Africa

i.    GCC Countries

ii.    North Africa

iii.    South Africa

iv.    Rest of Middle East &Africa

Key Players Identified for Smart Mirrors Market Include but are Not Limited to:

Gentex Corporation, Panasonic Corporation, Samsung Electronics Co., Ltd., Toshiba Corporation, Magna International, Inc., Asahi Glass Co Ltd, LG Electronics, Inc. Seura and others.

This report offers:

  • An overview of the global markets for smart mirror
  • Market trends assessment for the period 2014-2022, with historical information for 2014& 2015, and projections through 2022, with respective CAGR during 2016-2022
  • Qualitative assessment tools such as market drivers, challenges and future prospects in the market
  • Market competition scrutiny tools such as market positioning analysis
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the smart mirror market
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