Global Smart Mirrors Market 2023-2027
The smart mirrors market is forecasted to grow by USD 3,296.94 mn during 2022-2027, accelerating at a CAGR of 16.08% 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 mirrors from online channels, and growing demand for smart home products.
Technavio's smart mirrors market is segmented as below:
By Type
- Wall mounted
- Free-standing
By Distribution Channel
By Geography
- 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 from 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., Parallel AV Inc., 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., 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 research - both primary and secondary. 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 the accurate market growth.