Saudi Arabia Smart Mirror Market, By Offering (Hardware, Software, Services); By Technology (Smart Material, Embedded Technologies); By Type (Exterior Mirror, Interior Mirror); By Functionality (Connected, Non-Connected); By Application (Automotive, Retai

Saudi Arabia Smart Mirror Market, By Offering (Hardware, Software, Services); By Technology (Smart Material, Embedded Technologies); By Type (Exterior Mirror, Interior Mirror); By Functionality (Connected, Non-Connected); By Application (Automotive, Retail, Residential, Hospitality, Healthcare); By Sales Channel (Indirect sales, Direct Sales), Trend Analysis, Competitive Landscape & Forecast, 2022–2028

Saudi Arabia Smart Mirror Market Witnessing Growth at Impressive 14.3% CAGR during 2022–2028
Saudi Arabia smart mirror market is flourishing because of an increasing use of smart mirrors as a replacement for convex mirrors for improved vehicle safety features, soaring demand for smart homes, emergence of numerous startups, and innovative smart mirror features.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Saudi Arabia smart mirror market size to grow at a significant CAGR of 14.3% during the forecast period between 2022 and 2028. The expansion of Saudi Arabia smart mirror market is driven by the growing adoption of ADAS (Advanced Driver Assistance Systems) in the automotive domain, rising demand for connected devices, and growing preference for smart homes. Rapid digitization as well as advancements in smart mirrors equipped with IoT (internet of things) and AI (artificial intelligence) solutions are also propelling the market growth.

Rising demand for smart mirrors in the automotive sector combined with smart mirror’s lower power consumption further drive the overall market growth. Saudi Arabia smart mirror market also benefits from the widespread adoption of technology due to its favorable capabilities, such as increased convenience and improved reliability and quality. Furthermore, rapid population growth, lifestyle changes, an increase in financial assets, and rising consumer spending are all expected to drive the Saudi Arabia mirror market even further during the forecast period. However, high costs in manufacturing and installation of smart mirror devices are anticipated to restrain the growth of Saudi Arabia mirror market during the period in analysis.

Saudi Arabia Smart Mirror Market – Overview
A smart mirror is a two-way digital mirror that is outfitted with sensing devices, cameras, electronic displays, and connectivity systems. It also includes technologies, such as self-dimming, self-cleaning, and other integrated electronics components. By executing commands, the user can gain access to the device and communicate with contextual information. Smart mirrors provide shoppers with the possibility of trying on new clothes, check the sizes or varieties of clothes in a store, and share information about the tried clothes on social media platforms. Favorable factors, such as technology advancements, innovations, increasing adoption of smart home concepts, increased car production across countries, and changing lifestyles are expected to boost the growth Saudi Arabia smart mirror market.
Saudi Arabia Smart Mirror Market
Segmental Information
Saudi Arabia Smart Mirror Market – By Application
Based on application, Saudi Arabia smart mirror market has Automotive, Retail, Residential, Hospitality, and Healthcare segments. The automotive segment dominated the market in 2021 and is expected to grow further due to increasing adoption of digital rear-view mirrors in vehicles. The market is evolving due to the rising popularity of mirrorless vehicles and the deployment of display mirrors based on smart cameras. Inside mirrors with built-in electrochromic technology are found in approximately 30% of high-end automobiles currently on the road, compared to 10–15% of exterior mirrors.
Impact of COVID-19 on Saudi Arabia Smart Mirror Market
COVID-19 pandemic adversely affected the smart mirror market, because of stringent lockdowns measures and social distancing to prevent the virus's spread. Economic instability, a partial industry closure, and poor consumer confidence all had negatively impacted the demand for smart mirrors. During the pandemic, the supply chain was hampered, as were logistics activities. However, post the relaxation of COVID-19 pandemic-related restrictions and an increasing demand from the automotive and retail industries, Saudi Arabia smart mirror market is forecast to expand in the coming years.
Competitive Landscape

Saudi Arabia smart mirror market is highly competitive. Prominent players in the market with Electric Mirror, Inc., Murakami Corporation, Ficosa Internacional SA, Mirrocool, On The Wall, Inc., Gentex Corporation, Memomi, and Magna International Inc. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Saudi Arabia Smart Mirror Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Saudi Arabia Smart Mirror Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Smart Mirror Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing use of smart mirrors for improved safety features in automotives
3.2.1.2. IoT gadgets powering smart houses
3.2.1.3. Innovative elements
3.2.2. Restraints
3.2.2.1. Concerns over security breach of privacy and sensitive data
3.2.3. Opportunity
3.2.3.1. Online stores replacing traditional storefronts
3.2.3.2. Industry 4.0 to present growth opportunities
3.2.4. Challenges
3.2.4.1. Lack of knowledge of smart mirrors
3.2.4.2. Higher price than standard mirrors
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Saudi Arabia Smart Mirror Market Overview
4.1. Market Size & Forecast by Value, 2018–2028
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Offering
4.2.1.1. Hardware
4.2.1.1.1. Displays
4.2.1.1.2. Cameras
4.2.1.1.3. Sensors
4.2.1.1.4. Others
4.2.1.2. Software
4.2.1.3. Services
4.2.2. By Technology
4.2.2.1. Smart Material
4.2.2.2. Embedded Technologies
4.2.3. By Type
4.2.3.1. Exterior Mirror
4.2.3.2. Interior Mirror
4.2.4. By Functionality
4.2.4.1. Connected
4.2.4.2. Non-Connected
4.2.5. By Application
4.2.5.1. Automotive
4.2.5.2. Retail
4.2.5.3. Residential
4.2.5.4. Hospitality
4.2.5.5. Healthcare
4.2.5.6. Others
4.2.6. By Sales Channel
4.2.6.1. Direct sales
4.2.6.2. Indirect sales
5. Competitive Landscape
5.1. List of Key Players and Their Offerings
5.2. Market Share Analysis, 2021
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on Saudi Arabia Smart Mirror Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
7.1. Electric Mirror, Inc
7.2. Murakami Corporation
7.3. Ficosa Internacional SA
7.4. Mirrocool
7.5. On The Wall, Inc
7.6. Gentex Corporation
7.7. Memomi
7.8. Magna International Inc.
7.9. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Region
9.5. Assumption & Limitation
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of
Figures
Figure 1 Saudi Arabia Smart Mirror Market Segmentation
Figure 2 Saudi Arabia Smart Mirror Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 Saudi Arabia Smart Mirror Market Size, By Value (USD Million), 2018–2028
Figure 5 Saudi Arabia Smart Mirror Market Share, By Offering, By Value, 2018–2028
Figure 6 Saudi Arabia Smart Mirror Market Share, By Technology, By Value, 2018–2028
Figure 7 Saudi Arabia Smart Mirror Market Share, By Type, By Value, 2018–2028
Figure 8 Saudi Arabia Smart Mirror Market Share, By Functionality, By Value, 2018–2028
Figure 9 Saudi Arabia Smart Mirror Market Share, By Application, By Value, 2018–2028
Figure 10 Saudi Arabia Smart Mirror Market Share, By Sales Channel, By Value, 2018–2028
List of
Tables
Table 1 Saudi Arabia Smart Mirror Market Size, By Offering, By Value (USD Million), 2018–2028
Table 2 Saudi Arabia Smart Mirror Market Size, By Technology, By Value (USD Million), 2018–2028
Table 3 Saudi Arabia Smart Mirror Market Size, By Type, By Value (USD Million), 2018–2028
Table 4 Saudi Arabia Smart Mirror Market Size, By Functionality, By Value (USD Million), 2018–2028
Table 5 Saudi Arabia Smart Mirror Market Size, By Application, By Value (USD Million), 2018–2028
Table 6 Saudi Arabia Smart Mirror Market Size, By Sales Channel, By Value (USD Million), 2018–2028
Table 7 Electric Mirror, Inc Company Overview
Table 8 Electric Mirror, Inc Financial Overview
Table 9 Murakami Corporation Company Overview
Table 10 Murakami Corporation Financial Overview
Table 11 Ficosa Internacional SA Company Overview
Table 12 Ficosa Internacional SA Financial Overview
Table 13 Mirrocool Company Overview
Table 14 Mirrocool Financial Overview
Table 15 On The Wall, Inc Company Overview
Table 16 On The Wall, Inc Financial Overview
Table 17 Gentex Corporation Company Overview
Table 18 Gentex Corporation Financial Overview
Table 19 Memomi Company Overview
Table 20 Memomi Financial Overview
Table 21 Magna International Inc. Company Overview
Table 22 Magna International Inc. Financial Overview

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