The global smart mirror market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2028, exhibiting a growth rate (CAGR) of 11.7% during 2023-2028.
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:
IMARC Group 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 2023-2028. Our report has categorized the market based on component, type, functionality, technology and end user.
Breakup by Component:
Breakup by Type:
Breakup by Functionality:
Breakup by Technology:
Breakup by End User:
Breakup by Region:
Middle East and Africa
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.
Base Year of the Analysis
Component, Type, Functionality, Technology, End User, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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
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Key Questions Answered in This Report
The global smart mirror market was valued at US$ 2.7 Billion in 2022.
We expect the global smart mirror market to exhibit a CAGR of 11.7% during 2023-2028.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of various end-use industries for smart mirrors.
The rising adoption of smart mirror in the passenger and light-commercial vehicles with Advanced Driver Assistance Systems (ADAS) for providing blind spot vision and enhancing the safety of the driver and the passengers, is primarily driving the global smart mirror market.
Based on the component, the global smart mirror market can be divided into hardware and software. Currently, hardware exhibits a clear dominance in the market.
Based on the type, the global smart mirror market has been bifurcated into interior mirrors and exterior mirrors, where interior mirrors currently hold the majority of the total market share.
Based on the functionality, the global smart mirror market can be segregated into connected mirror and non-connected mirror. Currently, connected mirror accounts for the largest market share.
Based on the technology, the global smart mirror market has been categorized self-dimming, self-cleaning, and self-repairing. Among these, self-dimming currently holds the majority of the global market share.
Based on the end user, the global smart mirror market can be divided into automotive, healthcare, residential, and others. Currently, the automotive sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global smart mirror market include 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.
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