"Assisting You in Establishing Data Driven Brands"

Smart Mirror Market Size, Share & Industry Analysis, By Product Type (Touch Screen, Without Touch Screen), By Application (Automotive, Residential, Healthcare, Others), By Distribution Channel (Offline, Online) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104616 | Status : Ongoing

 

KEY MARKET INSIGHTS

Smart mirrors are technology-enabled mirror devices containing various components such as a mirror screen, display system, and computer system. These new-generation products have revolutionized the overall mirror industry. Smart mirrors with face & speech recognition systems embedded in it are widely popular among the supermarkets & retail stores as they can capture the consumer attention towards the various products kept in the stores.


Nowadays, companies are keenly focusing on developing innovative smart mirror systems for the growing consumer’s smart home requirements. For instance, In January 2020, Kohler Co., a global leader in the area of innovative kitchen and bath products launched a wide variety of innovative bathroom products such as Moxie showerhead, smart grooming mirror, new touchless toilet technology system, smart speaker & shower mode system and many other products at CES Innovation 2020.

Smart mirrors are essentially used in the various driver assistance systems to enable drivers to see a rear view on the mirror display. Hence, the rising adoption of such driver assistance system-based vehicles by the consumers is expected to drive the market growth. Additionally, increasing demand for smart housing facilities across the globe is further driving the demand for smart bathroom & personalized kitchen mirrors. According to the data presented by the Housewares Organisation, in 2018, smart home adoption among the U.S. population reached 32% of the total households.

Moreover, smarts mirrors are essentially used in the detection of individual health status at hospitals and clinics with the help of facial recognition techniques. Therefore, the evolving healthcare industry is propelling the demand for such products. Growing penetration of smart consumer electronic devices such as smartphones, tablets, digital watches, and others is further fuelling the growth of the market.

However, the higher cost of the smart mirror is anticipated to restrain its demand among the low-income group of the population. Additionally, the wide availability of the other products, which can serve the same purpose such as projector screens, blackboards, etc., is expected to limit the smart mirror’s demand among the educational institutes and corporate offices.

Key Market Driver -

Rising adoption of the driver assistance system-based vehicles by the consumers is expected to drive the market growth

Key Market Restraint -

Higher cost of the smart mirrors is anticipated to restrain the market growth.


Key Players Covered:


The prominent players associated with the global smart mirror market are, Archello, ELECTRIC MIRROR INC., Ficosa International SA, Magna International Inc., GENTEX CORPORATION, Japan Display Inc., DENSION LTD., Seura, Murakami Corporation, Samsung Electronics Co. Ltd., Videotree, Michael Teeuw, and others.

The global smart mirror market is segmented based on product type, application, distribution channel, and geography.

Based on the product type, the market is segmented into a touch screen, and without a touch screen. The touch screen segment is expected to hold a significant share of the market owing to its greater utility as well as higher prices of the smart touch-screen based mirrors, results in larger revenues from such a segment. Additionally, the rising adoption of smart electronic devices among the global population is further driving segmental growth.

By application, the global market is segmented into automotive, residential, healthcare, and others. The automotive segment is anticipated to exhibit a significant share of the market owing to the large consumer necessities of using driver assistance-based vehicles to avoid the incidences of road accidents which thereby drive the segmental growth. Additionally, the rising demand for electric vehicles is further supporting the demand for automotive application based smart mirrors.

Based on the distribution channel, the global market is segmented into offline and online. The offline segment is expected to hold a major share of the market as users can choose a smart mirror in person from the set of a variety of other highly functioned mirrors at such stores. Additionally, consumers largely decide to buy such devices from the physical stores as they can get necessary product knowledge from the sales representatives at such stores.

Regional Analysis:


By geography, the global smart mirror market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

The largest share of the European region is attributed to the presence of the higher income group of the population, which results in the large consumption of such smart devices in the region. Additionally, rising adoption of the smart mirror systems by the retail stores for the provision of an efficient user interface to the store visitors in the countries such as the U.K., and Italy is further boosting the market growth in the region. For instance, in June 2018, Mastercard Incorporated, a U.S. based financial services provider, launched a smart mirror system for the retail stores across the U.K. to enable retail visitors to identify the product and make easy payment with the help of such systems at the stores.

Asia Pacific region is expected to grow at a rapid rate owing to the rising consumption volume of the automotive units in the countries such as India and China which give rise to the demand for the automotive application-based smart mirrors in the region. According to the data presented by the Electric Vehicle Institute, in 2018, EV sales volume in China reached 1.182 million units compared to that of 0.663 million in 2017. Additionally, changing fashion trends related to consumer electronic goods. is further fuelling the market growth in the region.

To gain extensive insights into the market, Request for Customization


Segmentation


























  ATTRIBUTE

  DETAILS

By Product Type



  • Touch Screen

  • Without Touch Screen



By Application



  • Automotive

  • Residential

  • Healthcare

  • Others



By Distribution Channel



  • Offline

  • Online



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments:



  • In June 2020, Lululemon Athletica, a Canadian apparel company acquired in-home fitness company MIRROR to provide wall mounted mirror technology based on-demand fitness training sessions to the household users. 

  • In October 2019, HiMirror, a smart mirror maker, partnered with Smartech, Inc., a retailer of technology-based products to expand its business in the European Market.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Consumer Goods Clients

Edenred
SPG
Radico
Wepa
Oecc

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X