Global Smart Mirror Market Synopsis
According to MRFR, the global Smart Mirror Market is expected to grow from
USD 1.81 billion in 2017 to USD 4.01 billion by 2023 at a CAGR of 14.15% over
the review period.
The global smart mirror market is growing rapidly.
The market growth attributes to the increasing adoption of advanced driver
assistance systems (ADAS) in the automotive sector and transition in the retail
industry into digital stores. A smart mirror system consists of a system,
cameras, and displays and renders a dynamic augmented reality in real-time, handling
object recognition, machine vision, and classification.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/3505
Together, these technologies enable fast and
power-efficient real-time operation of the smart mirror to detect and classify
objects such as pedestrians, cars, and bikes, rendering augmented reality
helper, alert, and warning graphics. In retail stores, smart mirrors offer
dynamic features, offering a built-in camera to see and interact with others to
build a community and enhance digital and interactive capabilities.
The smart mirror is at the nascent stage, but
looking at the growing functionalities, such as signal indicator and power
controlled mirrors, garners customer attention. The automotive sector is making
a dash and change in the whole perspective of automobiles. Moreover, the
explosive demand and subsequent growth of automobiles escalate market growth.
Market Segmentation
Based on the component, the global smart mirror
market is segmented into software, hardware, and services.
By application, the market is segmented into
hospitality & retail, automotive, and others.
Based on the technology, the market is divided into
self-diming and others (self-repairing self-cleaning).
Regional Outlook
It is projected that the global demand for smart
mirrors will rise at a significant rate over the 2018-2023 forecast period.
Smart mirror industry geographic research is performed for North America,
Europe , Asia-Pacific and the rest of the world.
Due to the large use of these next-generation
mirrors in various sectors such as automobiles, retail and hospitality,
healthcare, and consumer electronics, the North American region is also
expected to expand at a significant pace.
Europe is expected to dominate the smart mirror
market, followed by North America, the fastest-growing region on the smart
mirror market due to the widespread acceptance of smart mirrors in retail,
automotive, and consumer electronics segments. Europe is the market leader in
smart mirrors, and is expected to see tremendous growth opportunities in the
future.
The Asia-Pacific smart mirrors market is expected to
grow as emerging startups provide advanced features such as integrating
personal assistance to smart mirrors and other AI-based technologies. Also, the
market has a bright prospect of growth in the years to come, due to the
introduction of favorable government regulations in those regions. Due to the
emergence of numerous small startup companies, APAC is slated to expand at a
significant pace during the forecast period. Also, the remarkable growth in the
automobile sector will fuel the market in the Gulf countries.
Competitive Dynamics
The major players in the smart mirror market are
Perseus Mirrors (US), Samsung Electronics (South Korea), Electric Mirror (US),
Japan Display Inc. (Japan), Magna International Inc. (Canada), Gentex (US), and
Seura (US).
Other players in the global smart mirror market are
Ficosa (Spain), ALKE (Belgium), Murakami Kaimeido (Japan), Dension (Hungary),
Ad Notam (Germany), and Keonn (Spain).
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/smart-mirrors-market-3505
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment