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Smart Mirror Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

October 2022 | 147 pages | ID: SF7644CEA94FEN
IMARC Group

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The global smart mirror market size reached US$ 2.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.7 Billion by 2027, exhibiting a growth rate (CAGR) of 11.75% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A smart mirror is a two-way digital mirror equipped with advanced sensors, cameras, electronic displays and connectivity systems. It has internet, Bluetooth and Wi-Fi connectivity and touchscreen capabilities to receive phone calls, access smartphone applications and provide the user with an interactive experience. Smart mirrors also include built-in light emitting diode (LED) lights with adjustable color and warmth functions to provide optimal lighting as per the user requirement. The display unit can show date, time, weather forecast, news feed and upcoming events and appointments on the mirror surface. The mirrors have self-dimming, self-cleaning and self-repairing capabilities, are waterproof and scratch-resistant and can be used for both informational and entertainment purposes. As a result, they find extensive applications across various industries, such as automotive, advertising, retail, residential and healthcare.

Smart Mirror Market Trends:
Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Smart mirrors are widely used in passenger and light-commercial vehicles with advanced driver assistance systems (ADAS) to provide blind spot vision and enhance the safety of the driver and the passengers. Moreover, rapid digitization across the retail industry is providing a thrust to the market growth. For instance, retailers and fashion brands are extensively using smart mirrors in fitting rooms to provide a 360-degree view of the outfit and providing a digital shopping experience to the consumers. The shoppers can also interact with the mirror to adjust the lighting and get styling recommendations. Additionally, various technological advancements, such as the development of smart mirrors integrated with the Internet of Things (IoT) and artificial intelligence (AI) solutions, are also contributing to the market growth. Other factors, including the rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market towards growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart mirror market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, type, functionality, technology and end user.

Breakup by Component:

Hardware
Software

Breakup by Type:

Interior Mirrors
Exterior Mirrors

Breakup by Functionality:

Connected Mirror
Non-Connected Mirror

Breakup by Technology:

Self-Dimming
Self-Cleaning
Self-Repairing

Breakup by End User:

Automotive
Healthcare
Residential
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archello, Dension Ltd, Electric Mirror Inc., Ficosa International SA (Panasonic Corporation), Gentex Corporation, Japan Display Inc., Magna International Inc., Murakami Corporation, Samsung Electronics Co. Ltd and Seura.

Key Questions Answered in This Report
1. What was the size of the global smart mirror market in 2021?
2. What is the expected growth rate of the global smart mirror market during 2022-2027?
3. What has been the impact of COVID-19 on the global smart mirror market?
4. What are the key factors driving the global smart mirror market?
5. What is the breakup of the global smart mirror market based on the component?
6. What is the breakup of the global smart mirror market based on the type?
7. What is the breakup of the global smart mirror market based on the functionality?
8. What is the breakup of the global smart mirror market based on the technology?
9. What is the breakup of the global smart mirror market based on the end user?
10. What are the key regions in the global smart mirror market?
11. Who are the key players/companies in the global smart mirror market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL SMART MIRROR MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY COMPONENT

6.1 Hardware
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Software
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY TYPE

7.1 Interior Mirrors
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Exterior Mirrors
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY FUNCTIONALITY

8.1 Connected Mirror
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Non-Connected Mirror
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY TECHNOLOGY

9.1 Self-Dimming
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Self-Cleaning
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Self-Repairing
  9.3.1 Market Trends
  9.3.2 Market Forecast

10 MARKET BREAKUP BY END USER

10.1 Automotive
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Healthcare
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Residential
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Others
  10.4.1 Market Trends
  10.4.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Archello
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
  16.3.2 Dension Ltd
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
  16.3.3 Electric Mirror Inc.
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
  16.3.4 Ficosa International SA (Panasonic Corporation)
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
  16.3.5 Gentex Corporation
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
  16.3.6 Japan Display Inc.
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
    16.3.6.3 Financials
  16.3.7 Magna International Inc.
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
    16.3.7.3 Financials
    16.3.7.4 SWOT Analysis
  16.3.8 Murakami Corporation
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
    16.3.8.3 Financials
  16.3.9 Samsung Electronics Co. Ltd
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
    16.3.9.3 Financials
    16.3.9.4 SWOT Analysis
  16.3.10 Seura
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Smart Mirror Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Smart Mirror Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Smart Mirror Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Smart Mirror Market Forecast: Breakup by Functionality (in Million US$), 2022-2027
Table 5: Global: Smart Mirror Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 6: Global: Smart Mirror Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 7: Global: Smart Mirror Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Smart Mirror Market: Competitive Structure
Table 9: Global: Smart Mirror Market: Key Players

LIST OF FIGURES

Figure 1: Global: Smart Mirror Market: Major Drivers and Challenges
Figure 2: Global: Smart Mirror Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Smart Mirror Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Smart Mirror Market: Breakup by Component (in %), 2021
Figure 5: Global: Smart Mirror Market: Breakup by Type (in %), 2021
Figure 6: Global: Smart Mirror Market: Breakup by Functionality (in %), 2021
Figure 7: Global: Smart Mirror Market: Breakup by Technology (in %), 2021
Figure 8: Global: Smart Mirror Market: Breakup by End User (in %), 2021
Figure 9: Global: Smart Mirror Market: Breakup by Region (in %), 2021
Figure 10: Global: Smart Mirror (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Smart Mirror (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Smart Mirror (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Smart Mirror (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Smart Mirror (Interior Mirrors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Smart Mirror (Interior Mirrors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Smart Mirror (Exterior Mirrors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Smart Mirror (Exterior Mirrors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Smart Mirror (Connected) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Smart Mirror (Connected) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Smart Mirror (Non-Connected) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Smart Mirror (Non-Connected) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Smart Mirror (Self-Dimming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Smart Mirror (Self-Dimming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Smart Mirror (Self-Cleaning) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Smart Mirror (Self-Cleaning) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Smart Mirror (Self-Repairing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Smart Mirror (Self-Repairing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Smart Mirror (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Smart Mirror (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Smart Mirror (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Smart Mirror (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Smart Mirror (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Smart Mirror (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Smart Mirror (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Smart Mirror (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Smart Mirror Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Smart Mirror Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Smart Mirror Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Global: Smart Mirror Industry: SWOT Analysis
Figure 86: Global: Smart Mirror Industry: Value Chain Analysis
Figure 87: Global: Smart Mirror Industry: Porter's Five Forces Analysis


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