The smart mirrors market is forecasted to grow by USD 5032.3 mn during 2023-2028, accelerating at a CAGR of 19.82% during the forecast period. The report on the smart mirrors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for smart mirrors from apparel shopping outlets, increasing demand for smart rear view mirrors for automobiles, and growing demand for smart home products.
Technavio's smart mirrors market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
16.3%
CAGR
19.82%
Incremental Value
$5032.3 mn
By Type
Wall mounted
Free-standing
By Distribution Channel
Offline
Online
By Geographical Landscape
Europe
North America
APAC
South America
Middle East and Africa
This study identifies the high adoption of advanced technologies in automotive sector as one of the prime reasons driving the smart mirrors market growth during the next few years. Also, rising number of start-ups in smart mirrors market and transition of traditional mirrors to smart mirrors in beauty and cosmetics sector will lead to sizable demand in the market.
The report on the smart mirrors market covers the following areas:
Smart mirrors market sizing
Smart mirrors market forecast
Smart mirrors market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart mirrors market vendors that include actiMirror Corp. Ltd., DE KEYZER, ELECTRIC MIRROR INC., Evervue USA Inc., FOSHAN ETERNA INTELLIGENT BATHROOM CO. LTD., Gentex Corp., Keonn Technologies, Kohler Co., LumiDesign, Magna International Inc., Mira, Modern Lighting by Lumens Light and Living, Murakami Corp., Panasonic Holdings Corp., Parallel AV Inc., Pro Display, Reflectel, Seura Inc., Videotree, and Walmart Inc.. Also, the smart mirrors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Distribution Channel
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Smart Mirrors Market 2018 - 2022
Historic Market Size - Data Table on Global Smart Mirrors Market 2018 - 2022 ($ million)