Market Research Industry Reports

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

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 20162022. 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 10
1.1 Industry Overview 10
1.2 Industry Trends 10
1.3 PESTLE Analysis 11
2 Report Outline 11
2.1 Report Scope 11
2.2 Report Summary 12
2.3 Research Methodology 13
2.4 Report Assumptions 13
3 Market Snapshot 13
3.1 Total Addressable Market (TAM) 14
3.2 Segmented Addressable Market (SAM) 14
3.3 Related Market 15
3.3.1 Wearable Market 15
4 Market Outlook 15
4.1 Overview 15
4.2 Market Definition Infoholic Research 15
4.3 Evolution of Mirror 15
4.4 Smart Material 16
4.5 Segmentation 17
4.6 Porter 5 (Five) Forces 17
5 Market Characteristics 18
5.1 Smart Mirror: Architecture 18
5.2 Smart Mirror: Features 18
5.3 Market Dynamics 19
5.3.1 Drivers 20 Rapid demand from retail sector 20 Growing investment in R&D to improve product portfolio 20 Regulations for installing camera display mirrors 20
5.3.2 Restraints 21 High cost 21 Lack of awareness 21
5.3.3 Opportunities 21 Smart mirror for healthcare 21 Smart washroom 22
5.4 DRO Impact Analysis 22
5.5 Key Stakeholders 22
6 Smart Mirror by Technologies: Market Size and Analysis 23
6.1 Overview 23
6.2 Smart Material 24
6.2.1 Self-dimming 24
6.2.2 Self-cleaning 25
6.2.3 Self-healing 26
6.3 Embedded Technologies 26
6.3.1 Market Size and Analysis 26
7 End-user Verticals: Market Size and Analysis 28
7.1 Overview 28
7.2 Healthcare 29
7.3 Automotive 29
7.4 Consumer 30
7.5 Retail and Marketing 31
8 Regions: Market Size and Analysis 33
8.1 Overview 33
8.2 North America 33
8.2.1 Market Size and Analysis 33
8.2.2 DRO for North America 34
8.2.3 US 35
8.2.4 Canada 35
8.3 Europe 37
8.3.1 Market Size and Analysis 37
8.3.2 DRO for Europe 38
8.3.3 UK 39
8.3.4 Germany 39
8.3.5 France 39
8.4 Asia Pacific (APAC) 41
8.4.1 DRO for APAC 42
8.4.2 China 43
8.4.3 Japan 43
8.4.4 India 43
8.5 LAMEA (Latin America and Middle East & Africa) 45
8.5.1 DRO 46
9 Competitive Landscape 48
9.1 Overview 48
9.2 Gentex Corp. 48
9.3 Panasonic 49
9.4 Suera 49
9.5 Samsung 50
9.6 Magna International 50
10 Vendor Profiles 50
10.1 Panasonic Corp. 50
10.1.1 Overview 50
10.1.2 Business Units 51
10.1.3 Geographic Revenue 52
10.1.4 Business Focus 53
10.1.5 SWOT Analysis 53
10.1.6 Business Strategy 54
10.2 Samsung Electronics Co. Ltd. 55
10.2.1 Overview 55
10.2.2 Business Segments 56
10.2.3 Geographic Revenue 56
10.2.4 Business Focus 57
10.2.5 SWOT Analysis 57
10.2.6 Business Strategy 58
10.3 Gentex Corp. 59
10.3.1 Overview 59
10.3.2 Business Units 59
10.3.3 Geographic Revenue 60
10.3.4 Business Focus 61
10.3.5 SWOT Analysis 61
10.3.6 Business Strategy 62
10.4 Magna International Inc. 63
10.4.1 Overview 63
10.4.2 Business Segments 64
10.4.3 Geographic Revenue 65
10.4.4 Business Focus 66
10.4.5 SWOT Analysis 66
10.4.6 Business Strategy 67
10.5 Seura 68
10.5.1 Overview 68
10.5.2 Product Category 68
10.5.3 Geographic Presence 69
10.5.4 Business Focus 70
10.5.5 SWOT Analysis 70
10.5.6 Business Strategy 71
11 Companies to Watch for 71
11.1 Pro Display 72
11.2 Evervue 72
11.3 Alke 72
11.4 Ad Notam AG 72
11.5 Tech2o 73
11.6 Toshiba Corp. 73
Annexure 74
Abbreviations 74

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Reports Details

Published Date : May 2017
No. of Pages :74
Country :Global
Category :Technology
Publisher :Infoholic Research
Report Delivery By :Email
Report Delivery Time :12 to 24 hours after placing the order.

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