Smart Mirror Market
Global Smart Mirror Market is valued approximately USD 1.9 Billion in 2018 and is anticipated to grow with a healthy growth rate of more than 11.68% over the forecast period 2019-2026.
The smart mirror is modern and alternative of traditional mirror equipped with sensors, integrated displays, connectivity equipment, and cameras. These mirrors are used in different industries like automotive, housing, healthcare, retail, and others. Their utility differs as per the industry requirement like in the automotive industry they can be used as side view and rearview for ensuring safety measures. In retail, the mirror can be used as a tool of promotion. Factors like an increase in the adoption of the Internet of things and connected devices are driving the demand. Furthermore, the rise in the standard of living, increasing affluent population are driving the demand.
Significant growth opportunities in the smart homes and health care sector can propel the demand for the smart mirror in the market, in healthcare it can reduce healthcare expanse, also can give real-time information such as body temperature, blood pressure, sugar level, and heart rate etc. in smart houses the can be used in recognizing people, talking to them and learning and understanding an individual behavior. Furthermore, the advertising and media houses are using smart mirrors for displaying products and also gathering customer insights are expected to drive the growth of smart mirrors in the market. However high implementation cost, privacy concerns, Technical problems like sensor default, a system failure can hinder the demand of smart mirror in the forecasted period.
The regional analysis of global Smart Mirror market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to rising demand for Smart Mirrors due to the presence of like Volkswagen, BMW, Daimler in the region. North America is contributing a satisfactory growth in the global Smart Mirror market during the forecast period due to widespread use and acceptance of mirrors in automobiles, retail and consumer sectors. Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2019-2026 due to the presence of a large number of producers and consumers across the region.
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Major Market player included in this report are:
Gentex Corporation
Magna International Inc.
ACEP France SA
Panasonic Corporation
Seura Solutions
Samsung Electronics
Dension
Keonn Technologies
S. L. and Mirrus Corporation
Evervue
Alke
Toshiba
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Application:
Automotive
Hospitality and Retail
Others Smart Homes and Healthcare
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Smart Mirror Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers VARs
Third-party knowledge providers
Investment bankers
Investors
Customizations available
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