Smart mirrors refer to mirrors that are equipped with various embedded electronic devices and connectivity features. Sensors, displays, cameras, and connectivity equipment are some popular electronic devices in smart mirrors. Some of the smart mirrors available on the market also provide a touchscreen facility for better operation. Smart mirrors find application majorly across the automotive, retail, residential, and healthcare segments. In the automotive segment, smart mirrors are being used in side-view and rearview mirrors for better safety. The prime purpose of using smart mirrors in automobiles is to enable a full rear view of the vehicle. In the case of residential and retail segments, smart mirrors are deployed to assist consumers in matters of makeup and other cosmetics.
Rising technological advancements in embedded devices are one of the most significant factors fueling the growth of the smart mirror market. The market is highly technology-driven, so smart mirror vendors are constantly focused on providing advanced products that can attract more consumers. Currently, the automotive segment dominates the smart mirror market and is estimated to retain its dominant position throughout the forecast period. Smart mirrors used in the automotive sector are designed for the safety of passengers. These are available in different modes, providing 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 poses a significant challenge for the market. Additionally, the market is hampered due to a lack of awareness and a reluctance to change people.
The global smart mirror market is segmented on the following basis:
- Sensors a.
- Sound System
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
Key Players Identified for the 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 the following:
- An overview of the global markets for smart mirrors
- Market trends assessment for 2014-2022, including historical data for 2014 and 2015, as well as projections through 2022, with respective CAGRs for 2016-202.
- Qualitative assessment tools such as market drivers, challenges, and prospects in the market.
- Market competition scrutiny tools such as market positioning analysis
- A general overview of the industry structure
- Company profiles highlight key information about the major players operating in the smart mirror market.