Global Smart Mirror Market

Global Smart Mirror Market Size, Share, Growth Analysis, By Application(Residential, Commercial and others), By Installation type(Wall mounted, freestanding and others), By Distribution channel(Online and offline) - Industry Forecast 2024-2031


Report ID: SQMIG45I2077 | Region: Global | Published Date: February, 2024
Pages: 270 | Tables: 86 | Figures: 76

Global Smart Mirror Market Insights

Smart Mirror Market size was valued at USD 2.5 billion in 2019 and is poised to grow from USD 2.96 billion in 2023 to USD 6.25 billion by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).

Smart mirrors are becoming popular since they have more capabilities than traditional reflective mirror.The major use of Smart mirror is that it can display anything you want on the surface of the mirror, such as newsfeeds, upcoming appointments, weather forecast, time, calendar, pictures and many other applications including your reflection.

The hardwares used in Smart Mirror is cost effective. That includes frame, Raspberry Pi OS platform with micro SD card,mirrored security glass, slim bezel PC monitor with HDMI input.The various features which are included in smart Mirror are motion sensor, facial recognition, LED Lightning, touch screen.The trend of smart Mirror is leading the world towards increasing connectivity and shrinking the boundaries between the digital and physical.There is substantial upgrade from Smart Mirror 1.0 to Smart Mirror 2.0, the second generation mirrors fits within a growing set of technologies that integrate monitoring system with personalized information and computer vision to help individual achieve their health goals and have more significant impact role in healthcare.

US Smart Mirror Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Smart Mirror Market size was valued at USD 2.5 billion in 2019 and is poised to grow from USD 2.96 billion in 2023 to USD 6.25 billion by 2031, growing at a CAGR of 8.8% in the forecast period (2024-2031).

Competition in the global Smart Mirror market is expected to increase during the forecast period because new players are expected to enter the global market and the number of devices compatible with Smart Mirror will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years. 'Gentex Corporation', 'Electric Mirror', 'Ficosa International', 'Seura', 'Magna International', 'Samsung Electronics', 'Pro Display', 'Evervue', 'Dension', 'Perseus Mirrors', 'MirroCool', 'Panasonic Corporation', 'Toshiba Corporation', 'Murakami Corporation', 'Dension', 'Memomi Labs Inc.', 'ACEPOM Technology', 'Mirrorme', 'SmartMirror.com', 'Oak Labs Inc.'

One of the key features that aid drivers a better and safer driving experience to provide self dimming, secure driving environment, automatic brightness adjustment and self cleaning is Advanced Driver assistance system. Along with the ADAS system increasing demand for smart mirrors in the retail industries due to technological advancement in artificial intelligence, Gesture recognition technology, augmented reality and connected devices.

The convex mirror Is replaced with a traditional mirror to improve safety features in the car. South Korea is looking to inculcate a smart mirror that plays a vital role in comfort and safety while driving the cars. These mirrors are Electrochromic auto dimming mirrors which are used in high end vehicles that reduce driver eye strain and fatigue while improving the visibility in low light condition.The mirror supports the driver to make safe decisions while driving and provide safety in cars by offering the better rear View images.

Globally, North America is estimated to hold the highest global Smart Mirror market share. Main factors during this growth period are the presence of top market players,Increasing the number of households coupled with the increasing number of manufacturers shifting preference towards healthy drinks,and others.

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Global Smart Mirror Market

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