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Smart Mirror Market Growth to be Fuelled by Advancements in Technology

Smart mirrors are highly functional advanced mirrors manufactured by integration of embedded electronics such as displays, cameras, and sensors. Smart mirrors offer an array of features such as Internet connectivity and some products offer touchscreen option. Globally, the smart mirror market is witnessing significant growth due to increasing demand for the smart mirror in major shopping outlets & malls and government regulations mandating installation of ‘camera display mirrors’ in light motor vehicles in some countries across the globe. Also, increasing the popularity of smart mirror among individuals with highly busy work schedules, changing lifestyle, and increasing affluent population, mostly in countries in developed regions of the world is driving the growth of the global smart mirror market. However, the high initial cost associated with the implementation of the smart mirror, privacy concern among users are the factors impeding the growth of the global smart mirror market to a certain extent.

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The global smart mirror market has been estimated to be valued at US$ 386.8 million in 2015, and is expected to witness a healthy CAGR from 2016 to 2022. The global smart mirror market is segmented on the basis of the component, application, and region. By component, the market is segmented into sensors, displays, camera and others. Of these segments, displays segment has been estimated to dominate the market in 2015, with over 40% market share in terms of revenue contribution.

By application, the global smart mirror market is segmented into automotive sector, consumer & residential, healthcare, and retail sector & advertising. Automotive sector segment has been estimated to be the dominant segment in 2015; however, consumer & residential segment is expected to expand at a highest CAGR over 2016–2022, due to increasing adoption of new & innovative technologies in the smart mirror industry by various smart mirror manufacturers across the globe.

On the basis of geography, the global smart mirror market is segmented into five major regions such as North America, Europe, Middle East & Africa, Asia Pacific and Latin America; among these, North America has been estimated to be the largest regional market for the smart mirror in 2015. In term of volume, the market in North America is expected to exhibit the fastest CAGR of over 2016-2022.

The key players operating in the global smart mirror market include Gentex Corporation, Magna International Inc., Pro Display, Evervue, Séura, Alke, ad notam AG, Tech2o, Samsung Electronics Co., Ltd., TOSHIBA CORPORATION, Panasonic Corporation.

smart-mirror-market

1. Global Smart Mirror Market- Executive Summary

2. Assumptions & Acronyms Used

3. Research Methodology

4. Global Smart Mirror Market- Market Overview
4.1. Introduction
4.1.1. Global Smart Mirror Market- Market Taxonomy
4.1.2. Supply Chain Analysis
4.2. Key regulations
4.3. Smart Mirror Overview
4.4. Smart Mirror Market Trends
4.5. Market Dynamics
4.5.1. Drivers
4.5.2. Restraints
4.5.3. Drivers & Restraints: Impact Analysis
4.6. Global Smart Mirror Market Forecast, 2016–2022
4.6.1. Market Size Forecast
4.6.1.1. Market Value & Volume Forecast
4.6.1.2. Absolute $ Opportunity
4.7. Global Market Snapshot (2015)
4.7.1. Market Share By Geography
4.7.2. Market Share By Application
4.7.3. Market Share By Component

5. Global Smart Mirror Market Analysis, By Application
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison (US$ Mn), By Application
5.1.2. Basis Point Share (BPS) Analysis (US$ Mn), By Application
5.1.3. Y-o-Y Growth Comparison (‘000 Units), By Application
5.1.4. Basis Point Share (BPS) Analysis (‘000 Units), By Application
5.1.5. Absolute Unit Opportunity, By Application
5.2. Market Forecast By Application
5.2.1. Automotive
5.2.1.1. Absolute $ Opportunity
5.2.1.2. Market Value & Volume Forecast
5.2.1.3. Key Trends
5.2.2. Consumer & Residential
5.2.2.1. Absolute $ Opportunity
5.2.2.2. Market Value & Volume Forecast
5.2.2.3. Key Trends
5.2.3. Healthcare
5.2.3.1. Absolute $ Opportunity
5.2.3.2. Market Value & Volume Forecast
5.2.3.3. Key Trends
5.2.4. Retail Sector & Advertising
5.2.4.1. Absolute $ Opportunity
5.2.4.2. Market Value & Volume Forecast
5.2.4.3. Key Trends
5.3. Global Smart Mirror Market Attractiveness Analysis, By Application

6. Global Smart Mirror Market Analysis, By Region
6.1. Introductions
6.1.1. Y-o-Y Growth Projections (US$ Mn), By Region
6.1.2. Basis Point Share (BPS) Analysis (US$ Mn), By Region
6.1.3. Y-o-Y Growth Projections (‘000 unit), By Region
6.1.4. Basis Point Share (BPS) Analysis (‘000 unit), By Region
6.2. Market Forecast By Region
6.2.1. North America Market Value & Volume Forecast
6.2.2. Latin America Market Value & Volume Forecast
6.2.3. Asia Pacific Market Value & Volume Forecast
6.2.4. Europe Market Value & Volume Forecast
6.2.5. Middle East & Africa Market Value & Volume Forecast

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