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Smart Mirror Market – Global Drivers, Opportunities, Trends, and Forecasts to 2022

May 2017 | 74 pages | ID: S12B1F24919EN
IHR Insights

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Smart Mirror Market – Global Drivers, Opportunities, Trends, and Forecasts to 2022

Brief: Smart mirror is one of the growing priorities of modern days’ shopping community. It is an alternative to the traditional mirror being used in malls, automobiles, and homes. The smart mirror offers an effortless experience allowing the user to get access to the information like they will eventually get from other devices such as smartphones, laptops, and TV. It is an interactive touch-free device that will address the need of accessing up-to-date information required by the user. The combination of mirrors with RFID & display technology will be useful in displaying information and can be customized according to user-specific suggestions. As for now, consumers are interested in using technology in integrated mirrors, thereby creating opportunities for both manufacturers and fashion designers to come up with new innovative ideas to grab market share and standout in the competition.

Market Analysis: The automobile industry was the first to start the smart mirror trend, helping in collecting information such as newsfeed, music, calendar with an additional option of Bluetooth connectivity. The “Smart Mirror” market is expected to reach $1,220.3 million by 2022, growing at a CAGR of 14.4% during the forecast period 2016–2022. The market is driven by the automotive sector as the innovative mirrors will play a major role in providing comfortable drive and safety to the driver. The mirrors are available in different modes offering complete rear-view and control over the reflections. There is a vast scope for embedded mirrors in other sectors such as retail, healthcare, and residential. The leading adoption of technology is driving various start-ups to enter the market along with electronic devices manufacturers.

Product Analysis: The market study of smart mirror will talk about smart materials and embedded technologies. In addition, the report talks about the regions and industry verticals. The smart material market is segmented into self-dimming, self-healing, and self-cleaning mirrors. Self-dimming mirrors hold the majority of the market share as automobiles are using rear-view mirrors. The embedded technologies include internet connectivity, RFID, Bluetooth, cameras, touchscreen, etc. The automotive sector holds the majority of the mirror market share followed by retail. The consumer and healthcare sectors have tremendous opportunities during the forecast years, and the market will see a lot of players entering the ecosystem. The smart material market is expected to reach $709.4 million by 2022, growing at a CAGR of 16.3%.

Regional Analysis: As per the geographical segmentation, Europe holds the majority of the market share followed by North America. The wide acceptance of smart mirror in automobiles, retail and consumer sectors is the major driver for the growth of the market in these regions. APAC will grow the fastest due to the emergence of small start-ups and improvise in knowledge sharing. LAMEA has restrictions on clothes for women, reducing the opportunity for the global providers in the retail sector. However, the market for automobiles will be very strong in GCC countries.

Key Players: Panasonic, Samsung, Seura, Magna International, Gentex, Evervue, Alke, Toshiba, Ad Notam AG, Pro Display, and Tech2o.

Competitive Analysis: The study covers and analyzes the “Smart Mirror” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists and other companies in understanding the companies better and take informed decisions.
1 INDUSTRY OUTLOOK

1.1 Industry Overview
1.2 Industry Trends
1.3 PESTLE Analysis

2 REPORT OUTLINE

2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions

3 MARKET SNAPSHOT

3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.3 Related Market
  3.3.1 Wearable Market

4 MARKET OUTLOOK

4.1 Overview
4.2 Market Definition – Infoholic Research
4.3 Evolution of Mirror
4.4 Smart Material
4.5 Segmentation
4.6 Porter 5 (Five) Forces

5 MARKET CHARACTERISTICS

5.1 Smart Mirror: Architecture
5.2 Smart Mirror: Features
5.3 Market Dynamics
  5.3.1 Drivers
    5.3.1.1 Rapid demand from retail sector
    5.3.1.2 Growing investment in R&D to improve product portfolio
    5.3.1.3 Regulations for installing camera display mirrors
  5.3.2 Restraints
    5.3.2.1 High cost
    5.3.2.2 Lack of awareness
  5.3.3 Opportunities
    5.3.3.1 Smart mirror for healthcare
    5.3.3.2 Smart washroom
5.4 DRO – Impact Analysis
5.5 Key Stakeholders

6 SMART MIRROR BY TECHNOLOGIES: MARKET SIZE AND ANALYSIS

6.1 Overview
6.2 Smart Material
  6.2.1 Self-dimming
  6.2.2 Self-cleaning
  6.2.3 Self-healing
6.3 Embedded Technologies
  6.3.1 Market Size and Analysis

7 END-USER VERTICALS: MARKET SIZE AND ANALYSIS

7.1 Overview
7.2 Healthcare
7.3 Automotive
7.4 Consumer
7.5 Retail and Marketing

8 REGIONS: MARKET SIZE AND ANALYSIS

8.1 Overview
8.2 North America
  8.2.1 Market Size and Analysis
  8.2.2 DRO for North America
  8.2.3 US
  8.2.4 Canada
8.3 Europe
  8.3.1 Market Size and Analysis
  8.3.2 DRO for Europe
  8.3.3 UK
  8.3.4 Germany
  8.3.5 France
8.4 Asia Pacific (APAC)
  8.4.1 DRO for APAC
  8.4.2 China
  8.4.3 Japan
  8.4.4 India
8.5 LAMEA (Latin America and Middle East & Africa)
  8.5.1 DRO

9 COMPETITIVE LANDSCAPE

9.1 Overview
9.2 Gentex Corp.
9.3 Panasonic
9.4 Suera
9.5 Samsung
9.6 Magna International

10 VENDOR PROFILES

10.1 Panasonic Corp.
  10.1.1 Overview
  10.1.2 Business Units
  10.1.3 Geographic Revenue
  10.1.4 Business Focus
  10.1.5 SWOT Analysis
  10.1.6 Business Strategy
10.2 Samsung Electronics Co. Ltd.
  10.2.1 Overview
  10.2.2 Business Segments
  10.2.3 Geographic Revenue
  10.2.4 Business Focus
  10.2.5 SWOT Analysis
  10.2.6 Business Strategy
10.3 Gentex Corp.
  10.3.1 Overview
  10.3.2 Business Units
  10.3.3 Geographic Revenue
  10.3.4 Business Focus
  10.3.5 SWOT Analysis
  10.3.6 Business Strategy
10.4 Magna International Inc.
  10.4.1 Overview
  10.4.2 Business Segments
  10.4.3 Geographic Revenue
  10.4.4 Business Focus
  10.4.5 SWOT Analysis
  10.4.6 Business Strategy
10.5 Seura
  10.5.1 Overview
  10.5.2 Product Category
  10.5.3 Geographic Presence
  10.5.4 Business Focus
  10.5.5 SWOT Analysis
  10.5.6 Business Strategy

11 COMPANIES TO WATCH FOR

11.1 Pro Display
11.2 Evervue
11.3 Alke
11.4 Ad Notam AG
11.5 Tech2o
11.6 Toshiba Corp.
Annexure
? Abbreviations

Tables
Table 1 SMART MATERIAL AND ITS FEATURES
Table 2 SMART MIRROR MARKET REVENUE BY TECHNOLOGIES, 2016-2022 ($MILLION)
Table 3 SMART MIRROR MARKET GROWTH BY VERTICALS, 2016-2022, Y-O-Y (%)
Table 4 EMBEDDED TECHNOLOGIES MARKET REVENUE BY TYPES, 2016-2022 ($MILLION)
Table 5 SMART MIRROR MARKET REVENUE BY END-USER, 2016-2022 ($MILLION)
Table 6 SMART MIRROR MARKET REVENUE BY REGIONS, 2016-2022 ($MILLION)
Table 7 NORTH AMERICA: DRO
Table 8 NORTH AMERICA MARKET REVENUE BY TECHNOLOGIES, 2016-2022 ($MILLION)
Table 9 NORTH AMERICA MARKET REVENUE BY SMART MATERIAL, 2016-2022 ($MILLION)
Table 10 NORTH AMERICA MARKET REVENUE BY EMBEDDED TECHNOLOGIES, 2016-2022 ($MILLION)
Table 11 NORTH AMERICA SMART MIRROR MARKET REVENUE BY END-USER, 2016-2022 ($MILLION)
Table 12 DRO FOR EUROPE
Table 13 EUROPE MARKET REVENUE BY TECHNOLOGIES, 2016-2022 ($MILLION)
Table 14 EUROPE MARKET REVENUE BY SMART MATERIAL, 2016-2022 ($MILLION)
Table 15 EUROPE MARKET REVENUE BY EMBEDDED TECHNOLOGIES, 2016-2022 ($MILLION)
Table 16 EUROPE SMART MIRROR MARKET REVENUE BY END-USER, 2016-2022 ($MILLION)
Table 17 DRO: APAC
Table 18 APAC MARKET REVENUE BY TECHNOLOGIES, 2016-2022 ($MILLION)
Table 19 APAC MARKET REVENUE BY SMART MATERIAL, 2016-2022 ($MILLION)
Table 20 APAC MARKET REVENUE BY EMBEDDED TECHNOLOGIES, 2016-2022 ($MILLION)
Table 21 APAC SMART MIRROR MARKET REVENUE BY END-USER, 2016-2022 ($MILLION)
Table 22 DRO: LAMEA
Table 23 LAMEA MARKET REVENUE BY TECHNOLOGIES, 2016-2022 ($MILLION)
Table 24 LAMEA MARKET REVENUE BY SMART MATERIAL, 2016-2022 ($MILLION)
Table 25 LAMEA MARKET REVENUE BY EMBEDDED TECHNOLOGIES, 2016-2022 ($MILLION)
Table 26 LAMEA SMART MIRROR MARKET REVENUE BY END-USER, 2016-2022 ($MILLION)

LIST OF CHARTS

Chart 1 PESTLE ANALYSIS OF WORLDWIDE SMART MIRROR MARKET
Chart 2 RESEARCH METHODOLOGY OF THE SMART MIRROR MARKET
Chart 3 SMART MIRROR MARKET REVENUE, 2016–2022 ($MILLION)
Chart 4 SMART MIRRORS: MARKET SEGMENTATION
Chart 5 PORTER 5 FORCES ON SMART MIRROR MARKET
Chart 6 ARCHITECTURE OF SMART MIRROR
Chart 7 FEATURES OF SMART MIRROR
Chart 8 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES
Chart 9 DRO – IMPACT ANALYSIS OF SMART MIRROR MARKET
Chart 10 KEY STAKEHOLDERS
Chart 11 SELF-DIMMING MARKET REVENUE, 2016-2022 ($MILLION)
Chart 12 SELF-CLEANING MIRROR MARKET REVENUE, 2016-2022 ($MILLION)
Chart 13 SELF-HEALING MIRROR MARKET REVENUE, 2016-2022 ($MILLION)
Chart 14 EMBEDDED TECHNOLOGIES MARKET REVENUE, 2016-2022 ($MILLION)
Chart 15 SMART MIRROR IN HEALTHCARE MARKET REVENUE, 2016-2022 ($MILLION)
Chart 16 SMART MIRROR IN AUTOMOTIVE MARKET REVENUE, 2016-2022 ($MILLION)
Chart 17 SMART MIRROR IN CONSUMER MARKET REVENUE, 2016-2022 ($MILLION)
Chart 18 SMART MIRROR IN RETAIL AND MARKETING MARKET REVENUE, 2016-2022 ($MILLION)
Chart 19 NORTH AMERICA SMART MIRROR MARKET REVENUE, 2016-2022 ($MILLION)
Chart 20 EUROPE SMART MIRROR MARKET REVENUE, 2016-2022 ($MILLION)
Chart 21 APAC SMART MIRROR MARKET REVENUE, 2016-2022 ($MILLION)
Chart 22 LAMEA SMART MIRROR MARKET REVENUE, 2016-2022 ($MILLION)
Chart 23 PANASONIC: MARKET OUTLOOK
Chart 24 PANASONIC: BUSINESS UNITS
Chart 25 PANASONIC: GEOGRAPHIC REVENUE
Chart 26 PANASONIC: SWOT ANALYSIS
Chart 27 SAMSUNG: MARKET OUTLOOK
Chart 28 SAMSUNG: BUSINESS SEGMENTS
Chart 29 SAMSUNG: GEOGRAPHIC REVENUE
Chart 30 SAMSUNG: SWOT ANALYSIS
Chart 31 GENTEX: MARKET OUTLOOK
Chart 32 GENTEX: BUSINESS UNITS
Chart 33 GENTEX: GEOGRAPHIC REVENUE
Chart 34 GENTEX: SWOT ANALYSIS
Chart 35 MAGNA: MARKET OUTLOOK
Chart 36 MAGNA: BUSINESS SEGMENTS
Chart 37 MAGNA: GEOGRAPHIC REVENUE
Chart 38 MAGNA: SWOT ANALYSIS
Chart 39 SEURA: MARKET OUTLOOK
Chart 40 SEURA: PRODUCT CATEGORY
Chart 41 SEURA: GEOGRAPHIC PRESENCE
Chart 42 SEURA: SWOT ANALYSIS


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