Smart Mirror Market To Witness Enhanced Usage In Consumer And Residential Sectors Till 2022 | Million Insights

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According to new report available with Million Insights, Increasing demand for smart mirror in the malls and the major shopping outlets and government regulations authorizing installation of camera display mirrors in light motor vehicles in certain countries around the world are the factors driving the growth of the market on the whole.

Global Smart Mirror Market is segmented on the basis of component, application, and region. The internet of things is a concept defined as a network of connected physical objects. It’s often viewed as the next step for the internet. It has gained a lot of popularity forecasting that in the future most everyday objects will be connected to each other and will be able to interact in smart ways. The smart mirror will eventually become one of these connected objects. A Smart Mirror as its name implies is the combination of a mirror plus a smart screen. A smart mirror is a two-way mirror with an electronic display behind the glass. The display can show the viewer different kinds of information in the form of widgets, such as weather, time, date, and news updates. The smart mirror’s design starts with the glass to be used. Two-way glass lets graphics on the display come through in a clearer form. Vanity vision glass is used as it proves to be an optimal choice to build smart mirrors.

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Increasing demand for smart mirror in the malls and the major shopping outlets and government regulations authorizing installation of camera display mirrors in light motor vehicles in certain countries around the world are the factors driving the growth of the market on the whole; coupled with smart mirror getting increasingly popular among individuals with hectic work life, and changing lifestyle, mostly in developed countries of the world. This, in turn, is boosting the growth of the smart mirror market. On the other hand, factors such as the smart mirror’s high implementation cost and low awareness among people with respect to smart mirror technology are expected to restrain market growth. Smart Mirror Market is classified, by component into Sensors, Displays, Camera, and others (Mic, Speaker, and Communication Devices). Smart Mirror Market is classified, by application into Automotive Sector, Consumer and Residential, Healthcare, Retail Sector & Advertising.

The consumer and Residential segment is expected to grow at the highest CAGR over the forecast period, due to increasing adoption of new and innovative technologies in the smart mirror industry by various smart mirror manufacturers across the globe. Automotive sector, the smart mirror is gaining popularity across developed regions and is gaining traction in developing regions as well. In automobile applications, smart mirrors are replacing rear-view mirrors and offer improved safety and security features as compared to conventional mirrors.

Smart Mirror Market is segmented, geographically into North America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa. Europe held the maximum market share in 2015 and is expected to continue to do so in future. This is mainly accredited to the introduction of favorable regulations by the government in several countries in this region. North American smart mirror market is expected to rise at the highest CAGR in the years to come. Smart Mirror Market key players include TOSHIBA CORPORATION, Magna International Inc., Gentex Corporation, Alke, ad notam AG, Pro Display, Evervue, Séura, Tech2o, Samsung Electronics Co., Ltd., and Panasonic Corporation.

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Smart Mirrors in these regions, from 2012 to 2022 (forecast), covering
• United States
• EU
• China
• Japan
• South Korea
• Taiwan

Global Smart Mirrors market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Perseus Mirrors
• Evernue
• Seura
• Magna International
• Electric Mirror
• OAK Labs
• Memomi Labs
• Gentex
• Pro Display
• Samsung
• Lg Electronics
• Panasonic
• Toshiba
• Seraku
• Alke’
• Ad Notam
• Tech2o
• Actimirror
• Two Way Mirrors
• Keonn Technologies

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Electro Chromic Technology
• Self-Dimming Technology
• Other

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Smart Mirrors for each application, including
• Medical & Healthcare
• Consumer & Household
• Advertising & Retail
• Automotive
• Other

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