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Smart Mirror Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global smart mirror market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 12% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2021-2026. 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.

Report Coverages:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Component, Type, Functionality, Technology, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option                                     Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global smart mirror market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global smart mirror market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the functionality?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global smart mirror market and who are the key players?
  • What is the degree of competition in the industry?

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$), 2015-2020
Figure 3: Global: Smart Mirror Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Smart Mirror Market: Breakup by Component (in %), 2020
Figure 5: Global: Smart Mirror Market: Breakup by Type (in %), 2020
Figure 6: Global: Smart Mirror Market: Breakup by Functionality (in %), 2020
Figure 7: Global: Smart Mirror Market: Breakup by Technology (in %), 2020
Figure 8: Global: Smart Mirror Market: Breakup by End User (in %), 2020
Figure 9: Global: Smart Mirror Market: Breakup by Region (in %), 2020
Figure 10: Global: Smart Mirror (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Smart Mirror (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Smart Mirror (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Smart Mirror (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Smart Mirror (Interior Mirrors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Smart Mirror (Interior Mirrors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Smart Mirror (Exterior Mirrors) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Smart Mirror (Exterior Mirrors) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Smart Mirror (Connected) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Smart Mirror (Connected) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Smart Mirror (Non-Connected) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Smart Mirror (Non-Connected) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Smart Mirror (Self-Dimming) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Smart Mirror (Self-Dimming) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Smart Mirror (Self-Cleaning) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Smart Mirror (Self-Cleaning) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Smart Mirror (Self-Repairing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Smart Mirror (Self-Repairing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Smart Mirror (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Smart Mirror (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Smart Mirror (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Smart Mirror (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Smart Mirror (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Smart Mirror (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Smart Mirror (Other End Users) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Smart Mirror (Other End Users) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: North America: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: North America: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: United States: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: United States: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Canada: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Canada: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Asia-Pacific: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Asia-Pacific: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: China: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: China: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Japan: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Japan: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: India: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: India: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: South Korea: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: South Korea: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Australia: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Australia: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Indonesia: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Indonesia: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Others: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Others: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Europe: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Europe: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Germany: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Germany: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: France: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: France: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: United Kingdom: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: United Kingdom: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Italy: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Italy: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Spain: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Spain: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Russia: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Russia: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Others: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Others: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Latin America: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Latin America: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Brazil: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Brazil: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Mexico: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Mexico: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Others: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Others: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Middle East and Africa: Smart Mirror Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Middle East and Africa: Smart Mirror Market: Breakup by Country (in %), 2020
Figure 84: Middle East and Africa: Smart Mirror Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Smart Mirror Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: Global: Smart Mirror Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 4: Global: Smart Mirror Market Forecast: Breakup by Functionality (in Million US$), 2021-2026
Table 5: Global: Smart Mirror Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 6: Global: Smart Mirror Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 7: Global: Smart Mirror Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Smart Mirror Market: Competitive Structure
Table 9: Global: Smart Mirror Market: Key Players

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