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Smart Mirror Market Report by Component, Type, Functionality, Technology, End User, and Region 2024-2032

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    Report

  • 136 Pages
  • August 2024
  • Region: Global
  • IMARC Group
  • ID: 5912185
Description Jump to:
The global smart mirror market size reached US$ 3.0 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 7.4 Billion by 2032, exhibiting a growth rate (CAGR) of 10.55% during 2023-2032.

A smart mirror is a two-way digital mirror equipped with advanced sensors, cameras, electronic displays and connectivity systems. It has internet, Bluetooth and Wi-Fi connectivity and touchscreen capabilities to receive phone calls, access smartphone applications and provide the user with an interactive experience. Smart mirrors also include built-in light emitting diode (LED) lights with adjustable color and warmth functions to provide optimal lighting as per the user requirement.

The display unit can show date, time, weather forecast, news feed and upcoming events and appointments on the mirror surface. The mirrors have self-dimming, self-cleaning and self-repairing capabilities, are waterproof and scratch-resistant and can be used for both informational and entertainment purposes. As a result, they find extensive applications across various industries, such as automotive, advertising, retail, residential and healthcare.

Smart Mirror Market Trends:

Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Smart mirrors are widely used in passenger and light-commercial vehicles with advanced driver assistance systems (ADAS) to provide blind spot vision and enhance the safety of the driver and the passengers. Moreover, rapid digitization across the retail industry is providing a thrust to the market growth. For instance, retailers and fashion brands are extensively using smart mirrors in fitting rooms to provide a 360-degree view of the outfit and providing a digital shopping experience to the consumers. The shoppers can also interact with the mirror to adjust the lighting and get styling recommendations.

Additionally, various technological advancements, such as the development of smart mirrors integrated with the Internet of Things (IoT) and artificial intelligence (AI) solutions, are also contributing to the market growth. Other factors, including the rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market towards growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global smart mirror market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, type, functionality, technology, and end user.

Breakup by Component:

  • Hardware
  • Software

Breakup by Type:

  • Interior Mirrors
  • Exterior Mirrors

Breakup by Functionality:

  • Connected Mirror
  • Non-Connected Mirror

Breakup by Technology:

  • Self-Dimming
  • Self-Cleaning
  • Self-Repairing

Breakup by End User:

  • Automotive
  • Healthcare
  • Residential
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Archello, Dension Ltd, Electric Mirror Inc., Ficosa International SA (Panasonic Corporation), Gentex Corporation, Japan Display Inc., Magna International Inc., Murakami Corporation, Samsung Electronics Co. Ltd, and Seura.

Key Questions Answered in This Report

1. What was the size of the global smart mirror market in 2023?
2. What is the expected growth rate of the global smart mirror market during 2024-2032?
3. What has been the impact of COVID-19 on the global smart mirror market?
4. What are the key factors driving the global smart mirror market?
5. What is the breakup of the global smart mirror market based on the component?
6. What is the breakup of the global smart mirror market based on the type?
7. What is the breakup of the global smart mirror market based on the functionality?
8. What is the breakup of the global smart mirror market based on the technology?
9. What is the breakup of the global smart mirror market based on the end user?
10. What are the key regions in the global smart mirror market?
11. Who are the key players/companies in the global smart mirror market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smart Mirror Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Type
7.1 Interior Mirrors
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Exterior Mirrors
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Functionality
8.1 Connected Mirror
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Non-Connected Mirror
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Technology
9.1 Self-Dimming
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Self-Cleaning
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Self-Repairing
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by End User
10.1 Automotive
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Healthcare
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Residential
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Archello
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Dension Ltd
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Electric Mirror Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Ficosa International SA (Panasonic Corporation)
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Gentex Corporation
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.6 Japan Display Inc.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.7 Magna International Inc.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Murakami Corporation
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 Samsung Electronics Co. Ltd
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Seura
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
List of Figures
Figure 1: Global: Smart Mirror Market: Major Drivers and Challenges
Figure 2: Global: Smart Mirror Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Smart Mirror Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Smart Mirror Market: Breakup by Component (in %), 2023
Figure 5: Global: Smart Mirror Market: Breakup by Type (in %), 2023
Figure 6: Global: Smart Mirror Market: Breakup by Functionality (in %), 2023
Figure 7: Global: Smart Mirror Market: Breakup by Technology (in %), 2023
Figure 8: Global: Smart Mirror Market: Breakup by End User (in %), 2023
Figure 9: Global: Smart Mirror Market: Breakup by Region (in %), 2023
Figure 10: Global: Smart Mirror (Hardware) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Smart Mirror (Hardware) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Smart Mirror (Software) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Smart Mirror (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Smart Mirror (Interior Mirrors) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Smart Mirror (Interior Mirrors) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Smart Mirror (Exterior Mirrors) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Smart Mirror (Exterior Mirrors) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Smart Mirror (Connected Mirror) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Smart Mirror (Connected Mirror) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Smart Mirror (Non-Connected Mirror) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Smart Mirror (Non-Connected Mirror) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Smart Mirror (Self-Dimming) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Smart Mirror (Self-Dimming) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Smart Mirror (Self-Cleaning) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Smart Mirror (Self-Cleaning) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Smart Mirror (Self-Repairing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Smart Mirror (Self-Repairing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Smart Mirror (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Smart Mirror (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Smart Mirror (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Smart Mirror (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Smart Mirror (Residential) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Smart Mirror (Residential) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Smart Mirror (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Smart Mirror (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: North America: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: North America: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: United States: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: United States: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Canada: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Canada: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Asia-Pacific: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Asia-Pacific: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: China: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: China: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Japan: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Japan: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: India: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: India: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: South Korea: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: South Korea: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Australia: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Australia: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Indonesia: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Indonesia: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Others: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Others: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Europe: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Europe: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Germany: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Germany: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: France: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: France: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: United Kingdom: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: United Kingdom: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Italy: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Italy: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Spain: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Spain: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Russia: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Russia: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Others: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Others: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Latin America: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Latin America: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Brazil: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Brazil: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Mexico: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Mexico: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Others: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Others: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Middle East and Africa: Smart Mirror Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Middle East and Africa: Smart Mirror Market: Breakup by Country (in %), 2023
Figure 84: Middle East and Africa: Smart Mirror Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Global: Smart Mirror Industry: SWOT Analysis
Figure 86: Global: Smart Mirror Industry: Value Chain Analysis
Figure 87: Global: Smart Mirror Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Smart Mirror Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Smart Mirror Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Smart Mirror Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 4: Global: Smart Mirror Market Forecast: Breakup by Functionality (in Million US$), 2024-2032
Table 5: Global: Smart Mirror Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 6: Global: Smart Mirror Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 7: Global: Smart Mirror Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Smart Mirror Market: Competitive Structure
Table 9: Global: Smart Mirror Market: Key Players

Companies Mentioned

  • Archello
  • Dension Ltd
  • Electric Mirror Inc.
  • Ficosa International SA (Panasonic Corporation)
  • Gentex Corporation
  • Japan Display Inc.
  • Magna International Inc.
  • Murakami Corporation
  • Samsung Electronics Co. Ltd
  • Seura

Methodology

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Table Information

Report AttributeDetails
No. of Pages136
PublishedAugust 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 3 Billion
Forecasted Market Value ( USD ) by 2032 $ 7.4 Billion
Compound Annual Growth Rate10.6%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Smart Mirror Market

The Smart Mirror market is a subset of the Computing industry that focuses on the development of interactive mirrors. These mirrors are equipped with a variety of features, such as voice recognition, facial recognition, and gesture control, that allow users to access information and control their environment. Smart Mirrors are used in a variety of settings, including homes, offices, and retail stores. Smart Mirrors are becoming increasingly popular due to their ability to provide users with a more personalized experience. They can be used to display information such as weather forecasts, news headlines, and calendar events. Additionally, they can be used to control home automation systems, such as lighting and security systems. Some of the companies in the Smart Mirror market include HiMirror, HiMirror Plus, and HiMirror Mini. Additionally, there are a number of startups that are developing their own Smart Mirror products, such as Mirror AI, MirrorMe, and MirrorOS. Show Less Read more

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