Virtual Mirror Market Size, Share, Growth Analysis, By Component(Software, hardware), By Deployment mode(Cloud, on-premises), By Industry(Retail, others), By Technology(Photo accurate VFR, 3D body scanning), By Functionality(Connected, Non-Connected) - Industry Forecast 2024-2031

Global Virtual Mirror Market size was valued at USD 6.13 billion in 2019 and is poised to grow from USD 7.6 billion in 2023 to USD 20.66 billion by 2031, growing at a CAGR of 23.7% in the forecast period (2024-2031).

E-commerce growth leads to the virtual mirror growth opportunities in the nearby future by bringing multi-sensor body scanners in the market and it has reshaped the experience of shopping using online portals. Automotive sector uses the virtual exterior mirror as it facilitates a better viewing experience with a wide camera angle and LCD in the car; which is increasing product acceptance to a greater extent. Automotive manufacturers can take a great advantage of the product by targeting tech-savvy customers demanding a higher price for vehicles. Interactive LCD screens overlaying mirrors is widely accepted in hotels due to the merging outlay design of text content on the screen and video content to engage and cheer consumers. These mirrors are also deployed in restaurants, lifts, and others for guests. 

Factors such as the ease of trying on clothes in a virtual environment in stores, a greater emphasis on hygiene for cosmetics and other retail items, and virtual trial of the product on e-commerce platforms prior to purchase are expected to drive market growth. Furthermore, the introduction of multi-sensor body scanners has transformed the online shopping experience. The expansion of the e-commerce channel is expected to create significant growth opportunities for virtual mirror solution providers.

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