Smart Mirror Market
Smart Mirror Market Size, Share & Trends Analysis Report by Product Type (Touch screen and Without Touch Screen), by Augmented Reality (AR) Feature (AR-Smart Mirror and Non AR-Smart Mirror), by Technology (Smart Material and Embedded Technologies), and by Application (Automotive, Residential, Healthcare, and Others), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Smart mirror market is anticipated to grow at a CAGR of 30.1% during the forecast period (2023-2030). Homeowners are becoming increasingly involved in smart mirrors owing to their innovative design and capacity to improve the overall functioning and beauty of living spaces. The increased demand for smart home solutions is a major factor driving the growth of the smart mirror market in the residential sector. As more homeowners adopt the idea of automated systems and connected gadgets, smart mirrors have become a crucial part of smart homes. For instance, in May 2022, An apparel retailer, H&M, erected freestanding smart mirrors in the changing rooms and on the sales floor of its COS Beverly Hills shop in California. In order to give customers interactive design advice and virtual try-on experiences, the retailer intends to expand the technology to more locations nationwide.
Segmental Outlook
The global smart mirror market is segmented by product type, AR feature, technology, and application. Based on the product type, the market is sub-segmented into touch screen and without touch screen. Based on the augmented reality feature, the market is sub-segmented into AR-smart mirrors and non-AR-smart mirrors. Based on the technology, the market is sub-segmented into smart materials (glass, acrylic), embedded technologies, and Further, on the basis of application, the market is sub-segmented into automotive, residential, healthcare, and others (retailing and marketing). Among the product types, the touch screen sub-segment is anticipated to hold a considerable share of the market owing to the rise in the development of engaging and innovative techniques. For the development of the smart mirror technologies, three components are generally using a two-way glass, a display, and a computer device.
The Automotive Sub-Segment is Anticipated to Hold a Considerable Share of the Global Smart Mirror Market
Among the application, the automotive sub-segment is expected to hold a considerable share of the global smart mirror market. The segmental growth is attributed to the growing influence of the extensive vehicle accessory program that provides their customers a comprehensive range of optional content. When driving at night, the auto-dimming rearview mirror provides more safety. It is made up of a mirror component and an electronic system that uses photo sensors to detect light coming from the front and back. For instance, in May 2021, A Bluetooth-enabled automatic-dimming mirror with HomeLink integrated buttons that can control a variety of radio frequency (RF) and cloud-based smart home appliances has started to be shipped by Gentex Corp. to Volkswagen (VWoA). Individual cloud-based smart home devices can be configured to be controlled by users, as can full home automation workflows.
Regional Outlook
The global smart mirror market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, North America is anticipated to hold a prominent share of the market across the globe, owing to the high concentration of the market solution vendors including MirroCool, Evervue USA Inc., HILO Smart Mirror and others.
Global Smart Mirror Market Growth by Region 2023-2030
The Asia-Pacific Region is Expected to Grow at a Significant CAGR in the Global Smart Mirror Market
Among all regions, the Asia-Pacific regions is anticipated to grow at a considerable CAGR over the forecast period. Smart mirror producers provide a variety of models with various sizes, styles, and extra features including LED illumination, demister pads, Bluetooth connectivity, and built-in music systems which is the major factor supporting the market growth. Customers may now choose a smart mirror that meets their unique requirements and preferences owing to this. The need for automotive applications based on smart mirrors in the area is being driven by the increased number of automotive units being consumed in nations such as China and India.
The growing presence of key manufacturers and technological advancements in countries like China, Japan, and South Korea are driving the growth of the Asia Pacific smart mirror market. These countries are well known for their technological and electronic advancements, enabling for the development and application of innovative smart mirror solutions. India's smart mirror startup landscape is distinguished by a vibrant ecosystem that is constantly evolving. Companies are utilizing technology to develop fresh and interesting customer experiences across a range of industries. Australia is putting more of an emphasis on smart homes and integrating more gadgets and technologies, providing greater interoperability and customization choices, which is helping the market for smart mirrors. In a variety of industries, companies are adopting technology to provide innovative and engaging client experiences. The market for smart mirrors is being aided by Australia's increased focus on smart homes and the integration of additional devices and technologies to offer greater interoperability and customization options.
Market Players Outlook
The major companies serving the smart mirror market include actiMirror Corp. Ltd., Ficosa Internacional SA, Denison Glass & Mirror, Inc., HILO Smart Mirror, Glance Displays, Inc. and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2022, Revieve®, a company that creates personalized digital brand experiences for global brands, retailers, and digital service providers in the beauty, skin, health, and wellness sectors, recently announced a partnership with actiMirror, a provider of real-time personalized consumer experiences through AI-powered smart mirrors.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global smart mirror market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Gentex Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Japan Display Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Magna International
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Smart Mirror Market by Product Type
4.1.1. Touch screen
4.1.2. Without Touch Screen
4.2. Global Smart Mirror Market by Augmented Reality (AR) Feature
4.2.1. AR-Smart Mirror
4.2.2. Non AR-Smart Mirror
4.3. Global Smart Mirror Market by Technology (Glass, Acrylic)
4.3.1. Smart material
4.3.2. Embedded Technologies
4.4. Global Smart Mirror Market by Application
4.4.1. Automotive
4.4.2. Residential
4.4.3. Healthcare
4.4.4. Others (Retailing and Marketing)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Adform
6.2. actiMirror Corporation Ltd.
6.3. ad notam AG
6.4. Archello
6.5. Bonnlo
6.6. BYECOLD
6.7. Denison Glass & Mirror, Inc.
6.8. ELECTRIC MIRROR, INC.
6.9. Embrace
6.10. Ficosa Internacional SA
6.11. Glance Displays, Inc.
6.12. HILO Smart Mirror
6.13. Memomi
6.14. MirroCool
6.15. Murakami Corp.
6.16. Séura
6.17. The White Teak Co.
1. GLOBAL SMART MIRROR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
2. GLOBAL SMART TOUCH SCREEN MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL WITHOUT SMART TOUCH SCREEN MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL SMART MIRROR MARKET RESEARCH AND ANALYSIS BY AUGMENTED REALITY (AR) FEATURE, 2022-2030 ($ MILLION)
5. GLOBAL AR-SMART MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL NON AR-SMART MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL SMART MIRROR MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
8. GLOBAL SMART MATERIAL MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL EMBEDDED TECHNOLOGIES MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL SMART MIRROR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
11. GLOBAL AUTOMOTIVE SMART MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL SMART MIRROR IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL SMART MIRROR IN RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL SMART MIRROR IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL SMART MIRROR IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. GLOBAL SMART MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. NORTH AMERICAN SMART MIRROR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
18. NORTH AMERICAN SMART MIRROR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
19. NORTH AMERICAN SMART MIRROR MARKET RESEARCH AND ANALYSIS BY AUGMENTED REALITY FEATURE, 2022-2030 ($ MILLION)
20. NORTH AMERICAN SMART MIRROR MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
21. NORTH AMERICAN SMART MIRROR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
22. EUROPEAN SMART MIRROR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. EUROPEAN SMART MIRROR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
24. EUROPEAN SMART MIRROR MARKET RESEARCH AND ANALYSIS BY AUGMENTED REALITY FEATURE, 2022-2030 ($ MILLION)
25. EUROPEAN SMART MIRROR MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
26. EUROPEAN SMART MIRROR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
27. ASIA- PACIFIC SMART MIRROR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
28. ASIA- PACIFIC SMART MIRROR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
29. ASIA- PACIFIC SMART MIRROR MARKET RESEARCH AND ANALYSIS BY AUGMENTED REALITY FEATURE, 2022-2030 ($ MILLION)
30. ASIA- PACIFIC SMART MIRROR MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
31. ASIA- PACIFIC SMART MIRROR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
32. REST OF THE WORLD SMART MIRROR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
33. REST OF THE WORLD SMART MIRROR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
34. REST OF THE WORLD SMART MIRROR MARKET RESEARCH AND ANALYSIS BY AUGMENTED REALITY FEATURE, 2022-2030 ($ MILLION)
35. REST OF THE WORLD SMART MIRROR MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022-2030 ($ MILLION)
36. REST OF THE WORLD SMART MIRROR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
1. GLOBAL SMART MIRROR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022 VS 2030 (%)
2. GLOBAL SMART TOUCH SCREEN MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
3. GLOBAL WITHOUT SMART TOUCH SCREEN MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
4. GLOBAL SMART MIRROR MARKET RESEARCH AND ANALYSIS BY AUGMENTED REALITY FEATURE, 2022 VS 2030 (%)
5. GLOBAL AR-SMART MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
6. GLOBAL NON AR-SMART MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
7. GLOBAL SMART MIRROR MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2022 VS 2030 (%)
8. GLOBAL SMART MATERIAL MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
9. GLOBAL EMBEDDED TECHNOLOGIES MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
10. GLOBAL SMART MIRROR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022 VS 2030 (%)
11. GLOBAL AUTOMOTIVE SMART MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
12. GLOBAL SMART MIRROR IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
13. GLOBAL SMART MIRROR IN RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
14. GLOBAL SMART MIRROR IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
15. GLOBAL SMART MIRROR IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
16. GLOBAL SMART MIRROR MARKET RESEARCH AND ANALYSIS BY REGION, 2022 VS 2030 (%)
17. US SMART MIRROR MARKET SIZE, 2022-2030 ($ MILLION)
18. CANADA SMART MIRROR MARKET SIZE, 2022-2030 ($ MILLION)
19. UK SMART MIRROR MARKET SIZE, 2022-2030 ($ MILLION)
20. FRANCE SMART MIRROR MARKET SIZE, 2022-2030 ($ MILLION)
21. GERMANY SMART MIRROR MARKET SIZE, 2022-2030 ($ MILLION)
22. ITALY SMART MIRROR MARKET SIZE, 2022-2030 ($ MILLION)
23. SPAIN SMART MIRROR MARKET SIZE, 2022-2030 ($ MILLION)
24. REST OF EUROPE SMART MIRROR MARKET SIZE, 2022-2030 ($ MILLION)
25. INDIA SMART MIRROR MARKET SIZE, 2022-2030 ($ MILLION)
26. CHINA SMART MIRROR MARKET SIZE, 2022-2030 ($ MILLION)
27. JAPAN SMART MIRROR MARKET SIZE, 2022-2030 ($ MILLION)
28. SOUTH KOREA SMART MIRROR MARKET SIZE, 2022-2030 ($ MILLION)
29. REST OF ASIA-PACIFIC SMART MIRROR MARKET SIZE, 2022-2030 ($ MILLION)
30. REST OF THE WORLD SMART MIRROR MARKET SIZE, 2022-2030 ($ MILLION)
