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Smart Mirror Market by Component (Hardware, Software, and Services) and End User (Automotive, Healthcare, Residential, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025

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SE_18195
Pages: 247
Oct 2018 | 12727 Views
 
Author's : Prasad Kakade
Tables: 85
Charts: 61
 

Smart Mirror Market Overview :

The global smart mirror market was valued at $1,750.0 million in 2017, and is projected to reach $4,118.7 million by 2025, registering a CAGR of 11.5% from 2018 to 2025. Europe was the highest contributor to the global market in 2017, registering a CAGR of 10.3% during forecast period.

A smart mirror is an advanced mirror incorporated with technologies such as sensors, cameras, displays, and connectivity equipment. These mirrors are majorly used in various industry verticals such as automotive, retail, residential, healthcare, and others. The functions of smart mirrors can differ depending on their utility. For instance, in the residential sector, it can be used for recognizing people, talking to them, and learn an individual’s habits as a part of a smart home. In addition, in the automotive sector, smart mirrors can be used as side-view and rearview mirrors for enhanced safety purposes. Moreover, in the field of retail, smart mirrors are incorporated for suggesting customers with trending outfits. For instance, Ralph Lauren, a leading fashion brand, incorporated the concept of connected fitting rooms in its Manhattan outlet for an enhanced customer experience and help retailers to make smart merchandising decisions.

The major driving factors of the smart mirror market are surge in adoption of advanced driver assistance system (ADAS) in the automotive sector, rise in demand for connect devices, and transition to digital stores in the retail industry. However, high cost and concerns regarding confidentiality of private information are some of the factors that hamper the growth of the market. On the contrary, increase in adoption of smart home is expected to create lucrative growth opportunities for this market.

The key players operating in the smart mirror market are Japan Display Inc., Gentex Corporation, Magna International Inc., Samsung Electronics, Murakami Kaimeido, Seura, Perseus Mirrors, Ficosa, Dension, and Electric Mirror.

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The global smart mirror market is segmented on the basis of component, end user, and region. Based on component, the market is divided into hardware, software, and services. By end user, it is classified into automotive, healthcare, retail, residential, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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TOP IMPACTING FACTORS

Surge in adoption of smart mirrors in automotive sector

The smart rearview mirror was introduced in the market with the purpose of increasing the safety of the driver and passengers. The device is equipped with display screen to provide blind spot vision to the driver under numerous conditions. In addition, the driver can switch screens between the monitor and traditional view. A high-end camera is mounted on the rear of the vehicle to offer an unobstructed view of the rear flanks, enabling the driver to check the blind spots and other traffic conditions. Hence, additional features of smart mirror over traditional mirror in the automotive sector is driving the growth of the global smart mirror market.

Transition to digital stores in retail industry

Numerous retailers are testing different ways to engage their customers by providing technological advanced and digitized shopping experience. For instance, Neiman Marcus, a U.S.-based departmental store, incorporated smart mirrors to streamline the long process of retrying clothes. This smart mirror shows a 360-degree view of an individual wearing a particular outfit and allows them to compare other outfits side-by-side. In addition, users can share their images with friends via Facebook and take opinion before purchasing the garments. Similarly, Ralph Lauren, a leading fashion brand, has a smart mirror in the fitting room. Shoppers can interact with the mirror such as change the lights and select different sizes or colors of their outfits. In addition, the mirror gives further recommendation on the garments that the user is trying. Hence, the transformation of traditional stores into digital stores is driving the growth of the smart mirror market.

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High initial cost

The manufacturing and implementation costs of smart mirror devices are relatively high than the traditional mirrors. This is attributed to high-end components installed in the device such as sensors, cameras, connectivity system, display, and others. This in turn increases the purchasing cost of smart mirrors, thereby hampering the growth of the global market.

Increase in adoption of smart home coupled with advances in industry 4.0

Smart homes include three components majorly home appliances, home security, and home infrastructure. All of these are based on the same principle as the Internet of Things (IoT). Similar to IOT, smart homes facilitate collection, storage, and utilization of information collected within the living area for various applications. The current smart home devices range from a stand-alone sensor for detecting change is basement’s water level to an advanced appliance involving self-learning and artificial intelligence. These devices are connected through IoT and are connected from around anywhere in the world. Numerous organizations are investing in developing smart home devices. For instance, Apple introduced a HomeKit for communicating and controlling connected devices in smart homes. Similarly, Google announced its own smart home framework named Brillo. This system uses IoT, which enables smart home devices to communicate with each other, the cloud, and user’s smartphone. Moreover, Google acquired Nest, the manufacturer of programmable and self-learning Wi-Fi-enabled thermostats, which enables consumers to program and remotely control the heating and cooling of their homes. In addition, Microsoft partnered with Insteon to offer support for products with the help of its voice-activated personal assistance application, Cortana. Furthermore, the company sells Insteon smart home devices in its retail stores. Hence, upsurge in adoption of smart home is expected to drive the growth of the global smart mirror market.

Key Benefits for Smart Mirror Market :

  • This study comprises an analytical depiction of the global smart mirror market with current trends and future estimations to depict the imminent investment pockets.

  • The overall market potential is determined to understand the profitable trends to gain a stronger foothold.

  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

  • The current market is quantitatively analyzed from 2017 to 2025 to benchmark the financial competency.

  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

  • The report includes the market share of key vendors and smart mirror market trends.

Smart Mirror Key Market Segments :

By Component

  • Hardware

  • Software

  • Services

By End User

  • Automotive

  • Healthcare

  • Residential

  • Others

BY REGION

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • South Korea

    • India

    • Rest of Asia-Pacific

  • LAMEA

    • Latin America

    • Middle East

    • Africa

Key Market Players Profiled

  • Japan Display Inc.

  • Gentex Corporation

  • Magna International Inc.

  • Samsung Electronics

  • Murakami Kaimeido

  • Seura

  • Perseus Mirrors

  • Ficosa

  • Dension

  • Electric Mirror

 

 

 

Chapter: 1: INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3: MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS
3.4. KEY PLAYER POSITIONING, 2017
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Growing adoption of smart mirrors in the automotive sector
3.5.1.2. Rise in demand for connected devices
3.5.1.3. Transition of digital stores in the retail industry

3.5.2. Restraints

3.5.2.1. High initial cost
3.5.2.2. Security of private information

3.5.3. Opportunity

3.5.3.1. Increase in adoption of smart home coupled with advances in industry 4.0

Chapter: 4: SMART MIRROR MARKET, BY COMPONENT

4.1. OVERVIEW
4.2. HARDWARE

4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country

4.3. SOFTWARE

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country

4.4. SERVICES

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country

Chapter: 5: SMART MIRROR MARKET, BY END-USER

5.1. OVERVIEW

5.2. AUTOMOTIVE

5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country

5.3. HEALTHCARE

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country

5.4. RESIDENTIAL

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country

5.5. OTHERS

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country

Chapter: 6: SMART MIRROR MARKET, BY REGION

6.1. OVERVIEW
6.2. NORTH AMERICA

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by Component
6.2.3. Market size and forecast, by end-user
6.2.4. Market analysis by country

6.2.4.1. U.S.

6.2.4.1.1. Market size and forecast, by Component
6.2.4.1.2. Market size and forecast, by end-user

6.2.4.2. Canada

6.2.4.2.1. Market size and forecast, by Component
6.2.4.2.2. Market size and forecast, by end-user

6.2.4.3. Mexico

6.2.4.3.1. Market size and forecast, by Component
6.2.4.3.2. Market size and forecast, by end-user

6.3. EUROPE

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by Component
6.3.3. Market size and forecast, by end-user
6.3.4. Market analysis by country

6.3.4.1. U.K.

6.3.4.1.1. Market size and forecast, by Component
6.3.4.1.2. Market size and forecast, by end-user

6.3.4.2. Germany

6.3.4.2.1. Market size and forecast, by Component
6.3.4.2.2. Market size and forecast, by end-user

6.3.4.3. France

6.3.4.3.1. Market size and forecast, by Component
6.3.4.3.2. Market size and forecast, by end-user

6.3.4.4. Italy

6.3.4.4.1. Market size and forecast, by Component
6.3.4.4.2. Market size and forecast, by end-user

6.3.4.5. Rest of Europe

6.3.4.5.1. Market size and forecast, by Component
6.3.4.5.2. Market size and forecast, by end-user

6.4. ASIA-PACIFIC

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by Component
6.4.3. Market size and forecast, by end-user
6.4.4. Market analysis by country

6.4.4.1. China

6.4.4.1.1. Market size and forecast, by Component
6.4.4.1.2. Market size and forecast, by end-user

6.4.4.2. Japan

6.4.4.2.1. Market size and forecast, by Component
6.4.4.2.2. Market size and forecast, by end-user

6.4.4.3. South Korea

6.4.4.3.1. Market size and forecast, by Component
6.4.4.3.2. Market size and forecast, by end-user

6.4.4.4. India

6.4.4.4.1. Market size and forecast, by Component
6.4.4.4.2. Market size and forecast, by end-user

6.4.4.5. Rest of Asia-Pacific

6.4.4.5.1. Market size and forecast, by Component
6.4.4.5.2. Market size and forecast, by end-user

6.5. LAMEA

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by Component
6.5.3. Market size and forecast, by end-user
6.5.4. Market analysis by country

6.5.4.1. Latin America

6.5.4.1.1. Market size and forecast, by Component
6.5.4.1.2. Market size and forecast, by end-user

6.5.4.2. Middle East

6.5.4.2.1. Market size and forecast, by Component
6.5.4.2.2. Market size and forecast, by end-user

6.5.4.3. Africa

6.5.4.3.1. Market size and forecast, by Component
6.5.4.3.2. Market size and forecast, by end-user

Chapter: 7 : COMPANY PROFILE

7.1 DENSION

7.1.1 Company overview
7.1.2 Company snapshot
7.1.3 Product portfolio

7.2 ELECTRIC MIRROR

7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Product portfolio
1.2.4 Key strategic moves and developments

7.3 FICOSA(PANASONIC)

7.3.1 Company overview
7.3.2 Company snapshot
7.3.3 Operating business segments
7.3.4 Product portfolio
7.3.5 Business performance
7.3.6 Key strategic moves and developments

7.4 GENTEX CORPORATION

7.4.1 Company overview
7.4.2 Company snapshot
7.4.3 Operating business segments
7.4.4 Product portfolio
7.4.5 Business performance
7.4.6 Key strategic moves and developments

7.5 JAPAN DISPLAY INC

7.5.1 Company overview
7.5.2 Company snapshot
7.5.3 Operating business segments
7.5.4 Product portfolio
7.5.5 Business performance
7.5.6 Key strategic moves and developments

7.6 MAGNA INTERNATIONAL INC.

7.6.1 Company overview
7.6.2 Company snapshot
7.6.3 Product portfolio
7.6.4 Business performance
7.6.5 Key strategic moves and developments

7.7 MURAKAMI CORPORATION

7.7.1 Company overview
7.7.2 Company snapshot
7.7.3 Operating business segments
7.7.4 Product portfolio
7.7.5 Business performance
7.7.6 Key strategic moves and developments

7.8 PERSEUS MIRROR

7.8.1 Company overview
7.8.2 Company snapshot
7.8.3 Product portfolio
7.8.4 Key strategic moves and developments

7.9 SAMSUNG ELECTRONICS CO. LTD.

7.9.1 Company overview
7.9.2 Company snapshot
7.9.3 Operating business segments
7.9.4 Product portfolio
7.9.5 Business performance
7.9.6 Key strategic moves and developments

7.10 SEURA

7.10.1 Company overview
7.10.2 Company snapshot
7.10.3 Product portfolio
7.10.4 Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL SMART MIRROR MARKET, BY COMPONENT, 2017-2025($MILLION)
TABLE 02. SMART MIRROR MARKET REVENUE FOR HARDWARE, BY REGION 2017-2025 ($MILLION)
TABLE 03. SMART MIRROR MARKET REVENUE BY HARDWARE, 2017-2025 ($MILLION)
TABLE 04. SMART MIRROR MARKET REVENUE FOR SOFTWARE, BY REGION 2017-2025 ($MILLION)
TABLE 05. SMART MIRROR MARKET REVENUE FOR SERVICES, BY REGION 20172025 ($MILLION)
TABLE 06. GLOBAL SMART MIRROR MARKET, BY END-USER, 2017-2025($MILLION)
TABLE 07. SMART MIRROR MARKET REVENUE FOR AUTOMOTIVE, BY REGION 2017-2025 ($MILLION)
TABLE 08. SMART MIRROR MARKET REVENUE FOR HEALTHCARE, BY REGION 2017-2025 ($MILLION)
TABLE 09. SMART MIRROR MARKET REVENUE FOR RESIDENTIAL, BY REGION 2017-2025 ($MILLION)
TABLE 10. SMART MIRROR MARKET REVENUE FOR OTHERS, BY REGION 2017-2025 ($MILLION)
TABLE 11. NORTH AMERICA SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 12. SMART MIRROR MARKET REVENUE BY HARDWARE, 2017-2025 ($MILLION)
TABLE 13. NORTH AMERICA SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 14. U. S. SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 15. CANADA SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 16. CANADA SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 17. MEXICO SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 18. MEXICO SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 19. EUROPE SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 20. EUROPE SMART MIRROR MARKET REVENUE BY HARDWARE, 2017-2025 ($MILLION)
TABLE 21. EUROPE SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 22. U.K. SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 23. U.K. SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 24. GERMANY SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 25. GERMANY SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 26. FRANCE SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 27. FRANCE SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 28. ITALY SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 29. ITALY SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 30. REST OF EUROPE SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 31. REST OF EUROPE SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 32. ASIA-PACIFIC SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 33. ASIA PACIFIC SMART MIRROR MARKET REVENUE BY HARDWARE, 2017-2025 ($MILLION)
TABLE 34. ASIA-PACIFIC SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 35. CHINA SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 36. CHINA SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 37. JAPAN SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 38. JAPAN SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 39. SOUTH KOREA SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 40. SOUTH KOREA SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 41. INDIA SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 42. INDIA SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 43. REST OF ASIA-PACIFIC SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 44. REST OF ASIA-PACIFIC SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 45. LAMEA SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 46. LAMEA SMART MIRROR MARKET REVENUE BY HARDWARE, 2017-2025 ($MILLION)
TABLE 47. LAMEA SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 48. LATIN AMERICA SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 49. LATIN AMERICA SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 50. MIDDLE EAST SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 51. MIDDLE EAST SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 52. AFRICA SMART MIRROR MARKET, BY COMPONENT, 2017-2025 ($MILLION)
TABLE 53. AFRICA SMART MIRROR MARKET, BY END-USER, 2017-2025 ($MILLION)
TABLE 54. DENSION: COMPANY SNAPSHOT
TABLE 55. DENSION: PRODUCT PORTFOLIO
TABLE 56. ELECTRIC MIRROR: COMPANY SNAPSHOT
TABLE 57. ELECTRIC MIRROR: PRODUCT PORTFOLIO
TABLE 58. ELECTRIC MIRROR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 59. FICOSA: COMPANY SNAPSHOT
TABLE 60. PANASONIC: OPERATING SEGMENTS
TABLE 61. FICOSA: PRODUCT PORTFOLIO
TABLE 62. FICOSA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 63. GENTEX CORPORATION: COMPANY SNAPSHOT
TABLE 64. GENTEX CORPORATION: OPERATING SEGMENTS
TABLE 65. GENTEX CORPORATION: PRODUCT PORTFOLIO
TABLE 66. GENTEX CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 67. JAPAN DISPLAY INC: COMPANY SNAPSHOT
TABLE 68. JAPAN DISPLAY INC: OPERATING SEGMENTS
TABLE 69. JAPAN DISPLAY INC: PRODUCT PORTFOLIO
TABLE 70. JAPAN DISPLAY INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 71. MAGNA INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 72. MAGNA INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 73. MURAKAMI CORPORATION: COMPANY SNAPSHOT
TABLE 74. MURAKAMI CORPORATION: OPERATING SEGMENTS
TABLE 75. MURAKAMI CORPORATION: PRODUCT PORTFOLIO
TABLE 76. MURAKAMI CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 77. PERSEUS MIRROR: COMPANY SNAPSHOT
TABLE 78. PERSEUS MIRROR: PRODUCT PORTFOLIO
TABLE 79. PERSEUS MIRROR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 80. SAMSUNG: COMPANY SNAPSHOT
TABLE 81. SAMSUNG ELECTRONICS: OPERATING SEGMENTS
TABLE 82. SAMSUNG: PRODUCT PORTFOLIO
TABLE 83. SEURA: COMPANY SNAPSHOT
TABLE 84. SEURA: PRODUCT PORTFOLIO
TABLE 85. SEURA: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. EXECUTIVE SUMMARY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. TOP WINNING STRATEGIES, BY YEAR, 2015-2018*
FIGURE 07. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2015-2018*
FIGURE 08. TOP WINNING STRATEGIES, BY COMPANY, 20152018*
FIGURE 09. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11. MODERATE THREAT OF SUBSTITUTES
FIGURE 12. MODERATE INTENSITY OF RIVALRY
FIGURE 13. MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 14. KEY PLAYER POSITIONING (2017)
FIGURE 15. GLOBAL SMART MIRROR MARKET SHARE, BY COMPONENT, 2017-2025 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF SMART MIRROR MARKET FOR HARDWARE, BY COUNTRY, 2017 & 2025 (%)
FIGURE 17. GLOBAL SMART MIRROR MARKET SHARE, FOR SMART MIRROR BY HARDWARE BY COMPONENT, 2017 & 2025 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF SMART MIRROR MARKET FOR SOFTWARE, BY COUNTRY, 2017 & 2025 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF SMART MIRROR MARKET FOR SERVICES, BY COUNTRY, 2017 & 2025 (%)
FIGURE 20. GLOBAL SMART MIRROR MARKET SHARE, BY END-USER, 20172025 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF SMART MIRROR MARKET FOR AUTOMOTIVE, BY COUNTRY, 2017 & 2025 (%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF SMART MIRROR MARKET FOR HEALTHCARE, BY COUNTRY, 2017 & 2025 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF SMART MIRROR MARKET FOR RESIDENTIAL, BY COUNTRY, 2017 & 2025 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF SMART MIRROR MARKET FOR OTHERS, BY COUNTRY, 2017 & 2025 (%)
FIGURE 25. SMART MIRROR MARKET, BY REGION, 2017-2025 (%)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF SMART MIRROR MARKET, BY COUNTRY, 2017-2025 (%)
FIGURE 27. U. S. SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 28. CANADA SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 29. MEXICO SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 30. COMPARATIVE SHARE ANALYSIS OF SMART MIRROR MARKET, BY COUNTRY, 2017-2025 (%)
FIGURE 31. U.K. SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 32. GERMANY SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 33. FRANCE SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 34. ITALY SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 35. REST OF EUROPE SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 36. COMPARATIVE SHARE ANALYSIS OF SMART MIRROR MARKET, BY COUNTRY, 20172025 (%)
FIGURE 37. CHINA SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 38. JAPAN SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 39. SOUTH KOREA SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 40. INDIA SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 41. REST OF ASIA-PACIFIC SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 42. COMPARATIVE SHARE ANALYSIS OF SMART MIRROR MARKET, BY COUNTRY, 2017-2025 (%)
FIGURE 43. LATIN AMERICA SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 44. MIDDLE EAST SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 45. AFRICA SMART MIRROR MARKET, 2017-2025 ($MILLION)
FIGURE 46. PANASONIC: NET SALES, 2015-2017 ($MILLION)
FIGURE 47. PANASONIC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 48. PANASONIC: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 49. GENTEX CORPORATION: REVENUE, 2015-2017 ($MILLION)
FIGURE 50. GENTEX CORPORATION: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 51. GENTEX CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 52. JAPAN DISPLAY INC: NET SALES, 2015-2017 ($MILLION)
FIGURE 53. JAPAN DISPLAY INC: REVENUE SHARE BY SEGMENT, 2017(%)
FIGURE 54. MAGNA INTERNATIONAL INC.: NET SALES, 2015-2017 ($MILLION)
FIGURE 55. MAGNA INTERNATIONAL INC.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 56. MAGNA INTERNATIONAL INC.: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 57. MURAKAMI CORPORATION: NET SALES, 2016-2018 ($MILLION)
FIGURE 58. MURAKAMI CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 59. SAMSUNG: NET SALES, 2015-2017 ($MILLION)
FIGURE 60. SAMSUNG: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 61. SAMSUNG: REVENUE SHARE BY GEOGRAPHY, 2017 (%)

 

A smart mirror is an advanced mirror incorporated with tools such as sensors, cameras, displays, and connectivity equipment. These mirrors are majorly used in various industry verticals such as automotive, retail, residential, healthcare, and others.

The global smart mirror market possesses high growth potential in the automotive industry. In the current business scenario, the demand for smart mirrors, particularly in the developing regions, is witnessing a significant increase, owing to rise in trend of touch-based devices and increase in adoption of smart mirrors in the automotive sector. Thus, companies operating in the smart mirror industry have adopted various innovative techniques to provide customers with advanced and innovative product offerings. 

Increase in adoption of smart mirrors in the automotive sector majorly drives the growth of the global smart mirror market. In addition, rise in demand for connected devices and transition to digital stores in the retail industry are boosting the market growth. However, high initial cost and security concerns of private information impede the growth of this market. On the contrary, increase in adoption of smart home coupled with advances in industry 4.0 is expected to create lucrative opportunities for the key players operating in the smart mirror market.   

The global smart mirror market was valued at $1,750.0 million in 2017, and is projected to reach $4,118.7 million by 2025, growing at a CAGR of 11.5% from 2018 to 2025. Among the analyzed geographical regions, Europe is expected to account for the highest revenue in the global market throughout the forecast period. However, LAMEA is expected to grow at a high growth rate, predicting a lucrative growth opportunity for the global smart mirror market.

Japan Display Inc., Gentex Corporation, Magna International Inc., Samsung Electronics, Murakami Kaimeido, Seura, Perseus Mirrors, Ficosa, Dension, and Electric Mirror are the key market players that occupy a significant revenue share in the global smart mirror market.

 

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