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Smart Mirror Market by Offering (Hardware (Displays, Sensors, Cameras), Software, Services), Application (Automotive (Interior, Exterior), Hospitality, Retail), Technology, Installation Type, Sales Channel and Region - Global Forecast to 2027

Smart Mirror Market by Offering (Hardware (Displays, Sensors, Cameras), Software, Services), Application (Automotive (Interior, Exterior), Hospitality, Retail), Technology, Installation Type, Sales Channel and Region - Global Forecast to 2027

The global smart mirror market size is estimated to be USD 2.7 billion in 2022 and is projected to reach USD 5.9 billion by 2027, at a CAGR of 16.8% during the forecast period. Some of the major factors contributing to the growth of smart mirror market includes the surging adoption of electric vehicles (EVs) across the globe, and increasing emphasis on automation of various end-use industries, including automotive, and retail. Some of the other major factors propelling the market growth include increasing focus towards enhanced safety features in automobiles, rising number of smart homes, surging penetration of virtual retail and smart retail stores to increase customer satisfaction.

Sensors likely to witness highest growth among all hardware component in the global smart mirror market by 2027

Hardware components include sensors, displays, cameras, and other devices such as audio systems and connectivity devices. A sensor is one of the most important hardware components of smart mirrors. Sensors can perform logical functions such as decision-making and communication with various other systems as well as controlled devices. A variety of sensors are used in smart mirrors such as temperature, humidity, light, and occupancy sensors. A light sensor is integrated into the smart mirror to measure the light in a room or the surroundings to determine if the mirror needs to be turned on/off. The humidity sensor is a vital component of the smart mirrors in bathrooms to protect the electronics in the smart mirrors from moisture.

“Surging adoption of IoT devices for home automation to propel deployment of smart mirrors in residential applications”

The smart mirrors used in smart homes or residential application can be integrated with IoT devices such as Alexa or smartphones to provide information such as weather updates, e-mail notifications, as well as for security and the control of home appliances in the environment in which these are deployed. Smart mirror systems deployed in the residential application or homes can accept three modes of input commands, namely, touch, mobile commands, and voice commands. Touchscreen commands can be used whenever an administrator/owner is in front of the mirror and mobile-based controls can be used when the administrator/owner of the mirror is away from the mirror.

Electro-chromatic smart mirrors are likely to dominate the market during the forecast period.

Electro-chromatic smart mirrors are expected to witness robust demand in the coming years due to surging demand for auto dimming technology in electric vehicles (EVs) and mirrorless vehicles. Electro chromatic mirrors/auto dimming mirrors use a combination of optoelectronic sensors and other complex electronic devices such as sensors, circuit boards, and micro-controllers that constantly monitor ambient light and the intensity of light shining directly on the mirror surface. As soon as sensors detect a glare, the electro chromatic surface of the mirror becomes darker to protect the driver’s eyes and their concentration. Gentex is one of the most well-known auto dimming mirror manufacturers.

Americas likely to be the second largest market for smart mirror during the forecast period

The Americas comprise North America and South America. North America is technologically advanced as compared to South America; hence, the acceptance of smart mirror product offerings is also higher in North America. Countries such as the US and Canada in the North American region are promoting smart product solutions. North America is the developed market for smart mirrors along with the presence of several players such as Gentex Corporation (US), Magna International (Canada), and Séura Solutions (US), which are significantly active in this region. Major market players have headquarters in this region.

These players have also started integrating smart mirrors with other IoT devices. The US accounted for the largest share of the smart mirror market in Americas in 2021. Growth of the market can be attributed to the rising government support towards the adoption of electric cars and autonomous vehicles. The country has undertaken significant investments in upgrading technology in EVs for future-ready new models and with upgraded technology.

A variety of executives from key organizations operating in the smart mirror market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.
•By Company Type:Tier 1 = 50%, Tier 2 = 30%, and Tier 3 = 20%
•By Designation:C-level Executives = 35%, Directors = 30%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 35%
•By Region: Americas = 40%, Europe= 25%, APAC=20%, and ROW=15%

Gentex Corporation (US), Ficosa (Spain), Seura Solutions (US), Magna International (Canada), Japan Display Inc. ("JDI") (Japan), Murakami Kaimeido (Japan), Harman International Industries (US), ad notam (Germany), Dension (Hungary), and Keonn Technologies (Spain) are the key players in the smart mirror market. These top players have strong portfolios of products and services and a presence in both mature and emerging markets.

The study includes an in-depth competitive analysis of these key players in the smart mirror market, with their company profiles, recent developments, and key market strategies.

Research Coverage
This report offers detailed insights into the smart mirror market based on offering, application, installation type, sales channel, technology, and geography. Based on technology, the market has been segmented into electro chromatic and others (semi-reflective smart mirrors, self-repairing mirrors, self-cleaning mirrors, LCD/LED display mirrors, and smart retail digital mirrors). Furthermore, based on the sales channel, the market has been segmented into direct sales and indirect sales. The market, by application, has been segmented into automotive, retail, residential, hospitality, healthcare, and others. Based on region, the market has been segmented into the Americas (North America, South America), Europe, Asia Pacific (APAC), and Rest of the World (RoW) which includes the Middle East and Africa (MEA).

The report also provides a comprehensive review of smart mirror market drivers, restraints, opportunities, and challenges in the market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the smart mirror market and provides them information on key market drivers, restraints, challenges, and opportunities.
Table of Contents

1INTRODUCTION26
1.1STUDY OBJECTIVES26
1.2DEFINITION26
1.2.1INCLUSIONS AND EXCLUSIONS27
1.3STUDY SCOPE28
1.3.1MARKETS COVERED28
1.3.2REGIONAL SCOPE28
1.4YEARS CONSIDERED29
1.5CURRENCY CONSIDERED29
1.6LIMITATIONS29
1.7SUMMARY OF CHANGES30
1.8STAKEHOLDERS30
2RESEARCH METHODOLOGY32
2.1RESEARCH DATA32
FIGURE 1SMART MIRROR MARKET: RESEARCH DESIGN32
2.1.1SECONDARY AND PRIMARY RESEARCH33
2.1.2SECONDARY DATA34
2.1.2.1Key data from secondary sources34
2.1.2.2List of key secondary sources34
2.1.3PRIMARY DATA35
2.1.3.1Key data from primary sources35
2.1.3.2Key industry insights35
2.1.3.3Breakdown of primary interviews36
2.1.3.4List of key primary interview participants36
2.2MARKET SIZE ESTIMATION36
2.2.1BOTTOM-UP APPROACH37
FIGURE 2BOTTOM-UP APPROACH37
2.2.2TOP-DOWN APPROACH37
FIGURE 3TOP-DOWN APPROACH37
2.3FACTOR ANALYSIS38
2.3.1SMART MIRROR MARKET: SUPPLY-SIDE ANALYSIS38
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED BY COMPANIES FROM PRODUCTS OFFERED IN SMART MIRROR MARKET38
2.3.2SMART MIRROR MARKET: DEMAND-SIDE ANALYSIS39
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE) FOR SMART MIRROR MARKET39
2.4MARKET BREAKDOWN & DATA TRIANGULATION40
FIGURE 6DATA TRIANGULATION40
2.5RISK ASSESSMENT41
TABLE 1SMART MIRROR MARKET: RISK ASSESSMENT41
2.6ASSUMPTIONS42
TABLE 2KEY ASSUMPTIONS: MACRO- AND MICRO-ECONOMIC ENVIRONMENT42
3EXECUTIVE SUMMARY43
FIGURE 7SMART MIRROR MARKET: REALISTIC SCENARIO ANALYSIS, 2018–2027 (USD MILLION)44
FIGURE 8HARDWARE SEGMENT TO HOLD LARGEST SHARE OF SMART MIRROR MARKET44
FIGURE 9AUTOMOTIVE APPLICATION SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE45
FIGURE 10FIXED INSTALLATION TO BE LARGER SEGMENT OF MARKET46
FIGURE 11INDIRECT SALES SEGMENT TO HOLD LARGER MARKET SHARE46
FIGURE 12ELECTRO CHROMATIC SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD47
FIGURE 13EUROPE ACCOUNTED FOR LARGEST MARKET SHARE IN 202147
4PREMIUM INSIGHTS49
4.1ATTRACTIVE GROWTH OPPORTUNITIES IN SMART MIRROR MARKET49
FIGURE 14INCREASING ADOPTION OF SMART MIRRORS AS A SUBSTITUTE FOR CONVENTIONAL REAR-VIEW MIRRORS TO DRIVE MARKET49
4.2SMART MIRROR MARKET, BY OFFERING49
FIGURE 15HARDWARE TO BE LARGEST OFFERING SEGMENT OF MARKET49
4.3SMART MIRROR MARKET, BY INSTALLATION TYPE50
FIGURE 16FIXED INSTALLATION TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD50
4.4SMART MIRROR MARKET, BY SALES CHANNEL50
FIGURE 17INDIRECT SALES TO ACCOUNT FOR LARGER MARKET SHARE50
4.5SMART MIRROR MARKET, BY TECHNOLOGY51
FIGURE 18ELECTRO CHROMATIC TECHNOLOGY TO BE LEADING SEGMENT51
4.6SMART MIRROR MARKET, BY APPLICATION51
FIGURE 19AUTOMOTIVE SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD51
5MARKET OVERVIEW52
5.1INTRODUCTION52
5.2MARKET DYNAMICS52
FIGURE 20DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN SMART MIRROR MARKET52
5.2.1DRIVERS53
5.2.1.1Alternative to convex mirrors for enhanced safety features in automobiles53
TABLE 3COMPARISON OF ORDINARY REAR-VIEW MIRROR AND SMART REAR-VIEW MIRROR53
5.2.1.2Smart homes driven by IOT devices54
FIGURE 21SMART HOMES SEGMENT GROWTH, 2018-202154
5.2.1.3Presence of large number of start-ups54
5.2.1.4Innovative features55
FIGURE 22IMPACT ANALYSIS OF DRIVERS IN SMART MIRROR MARKET55
5.2.2RESTRAINTS56
5.2.2.1Security breach of confidential and personal data56
FIGURE 23IMPACT ANALYSIS OF RESTRAINTS IN SMART MIRROR MARKET56
5.2.3OPPORTUNITIES56
5.2.3.1Transition from traditional stores to digital stores in retail industry56
5.2.3.2Industry 4.0 to provide growth opportunities57
5.2.3.3Untapped potential in Asia Pacific57
FIGURE 24IMPACT ANALYSIS OF OPPORTUNITIES IN SMART MIRROR MARKET57
5.2.4CHALLENGES58
5.2.4.1Lack of awareness about smart mirrors58
5.2.4.2Higher cost than ordinary mirrors58
FIGURE 25IMPACT ANALYSIS OF CHALLENGES IN SMART MIRROR MARKET58
5.3VALUE CHAIN ANALYSIS59
FIGURE 26SMART MIRROR MARKET: VALUE CHAIN ANALYSIS59
5.4SMART MIRROR MARKET ECOSYSTEM60
FIGURE 27SMART MIRROR MARKET ECOSYSTEM60
TABLE 4SMART MIRROR MARKET: ECOSYSTEM61
5.5TECHNOLOGY ANALYSIS61
5.5.1DLP TECHNOLOGY61
5.5.2SCREEN MIRRORING62
5.6PRICING ANALYSIS: AVERAGE SELLING PRICE TRENDS62
FIGURE 28AVERAGE SELLING PRICE (ASP) OF SMART MIRRORS (IN USD)62
TABLE 5AVERAGE SELLING PRICE QUOTATION OF KEY SUPPLIERS FOR DIFFERENT APPLICATIONS (IN USD)62
5.7PATENT ANALYSIS63
FIGURE 29SMART MIRROR MARKET: NUMBER OF PATENTS GRANTED (2011–2021)63
FIGURE 30SMART MIRROR MARKET: REGIONAL ANALYSIS OF PATENTS GRANTED (2011–2021)63
TABLE 6SMART MIRROR MARKET: LIST OF PATENTS (2018–2020)64
FIGURE 31SMART MIRROR MARKET: PATENT ANALYSIS (2011–2021)65
5.8KEY CONFERENCES AND EVENTS IN 2022–202365
TABLE 7SMART MIRROR MARKET: DETAILED LIST OF CONFERENCES AND EVENTS65
5.9TARIFF AND REGULATORY LANDSCAPE66
5.9.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS66
TABLE 8LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS66
TABLE 9CODES AND STANDARDS RELATED TO SMART MIRROR67

5.10CASE STUDY68
5.10.1THE SINCLAIR BECAME FIRST HOTEL IN US TO DEPLOY DIGITAL SIGNAGE AND SMART MIRRORS68
5.10.2BEHANCE PROVIDED PERSONALIZED INTERACTIVE DEVICE TO CUSTOMERS68
5.11TRADE ANALYSIS69
TABLE 10IMPORT DATA FOR GLASS MIRROR, HS CODE: 7009 (USD MILLION)69
FIGURE 32GLASS MIRROR IMPORT VALUE FOR MAJOR COUNTRIES, 2017–202169
TABLE 11EXPORT DATA FOR GLASS MIRROR, HS CODE: 7009 (USD MILLION)70
FIGURE 33GLASS MIRROR, EXPORT VALUE FOR MAJOR COUNTRIES, 2017–202170
5.12PORTERS FIVE FORCES ANALYSIS71
FIGURE 34SMART MIRROR MARKET: PORTER’S FIVE FORCES ANALYSIS71
FIGURE 35IMPACT OF PORTER’S FIVE FORCES ON SMART MIRROR MARKET71
TABLE 12PORTER’S FIVE FORCES IMPACT ON SMART MIRROR MARKET72
5.12.1THREAT OF NEW ENTRANTS72
5.12.2THREAT OF SUBSTITUTES72
5.12.3BARGAINING POWER OF SUPPLIERS72
5.12.4BARGAINING POWER OF BUYERS72
5.12.5INTENSITY OF COMPETITIVE RIVALRY73
5.13TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES73
FIGURE 36REVENUE SHIFT FOR SMART MIRROR MARKET73
5.14KEY STAKEHOLDERS & BUYING CRITERIA73
5.14.1KEY STAKEHOLDERS IN BUYING PROCESS73
FIGURE 37SMART MIRROR MARKET: BUYING CRITERIA FOR TOP 3 APPLICATIONS74
TABLE 13INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS (%)74
5.14.2BUYING CRITERIA74
FIGURE 38KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS74
TABLE 14KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS75
6SMART MIRROR MARKET, BY OFFERING76
6.1INTRODUCTION77
TABLE 15SMART MIRROR MARKET, BY OFFERING, 2018–2021 (USD MILLION)77
FIGURE 39SOFTWARE OFFERING PROJECTED TO GROW AT HIGHEST CAGR77
TABLE 16SMART MIRROR MARKET, BY OFFERING, 2022–2027 (USD MILLION)77
6.2HARDWARE78
TABLE 17HARDWARE: SMART MIRROR MARKET, BY TYPE, 2018–2021 (USD MILLION)78
FIGURE 40SENSORS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD79
TABLE 18HARDWARE: SMART MIRROR MARKET, BY TYPE, 2022–2027 (USD MILLION)79
TABLE 19HARDWARE: SMART MIRROR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)80
TABLE 20HARDWARE: SMART MIRROR MARKET, BY APPLICATION, 2022–2027 (USD MILLION)80
TABLE 21HARDWARE: SMART MIRROR MARKET, BY REGION, 2018–2021 (USD MILLION)80
FIGURE 41EUROPE TO ACCOUNT FOR LARGEST MARKET SHARE IN HARDWARE SEGMENT81
TABLE 22HARDWARE: SMART MIRROR MARKET, BY REGION, 2022–2027 (USD MILLION)81
6.2.1DISPLAYS81
6.2.1.1Rising trend of deploying touchscreen interactive displays in retail applications to spur market growth81
6.2.2SENSORS82
6.2.2.1Temperature sensors82
6.2.2.1.1Thermocouples and resistance temperature detectors commonly utilized temperature sensors82
6.2.2.2Light sensors82
6.2.2.2.1Increasing demand for light sensors to assist auto on/off feature of smart mirrors82
6.2.2.3Humidity sensors82
6.2.2.3.1Mainly installed in smart mirrors for home automation and residential applications82
6.2.3CAMERAS83
6.2.3.1Features such as gestures and facial recognition to propel market83
6.2.4OTHER HARDWARE TYPES83
6.2.4.1Audio systems83
6.2.4.2Connectivity components83
6.3SOFTWARE84
6.3.1REFLEKTOS- AMONG MOST POPULAR OPEN-SOURCE OPERATING SYSTEMS FOR BUILDING SMART MIRRORS84
TABLE 23SOFTWARE: SMART MIRROR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)84
TABLE 24SOFTWARE: SMART MIRROR MARKET, BY APPLICATION, 2022–2027 (USD MILLION)84
TABLE 25SOFTWARE: SMART MIRROR MARKET, BY REGION, 2018–2021 (USD MILLION)85
FIGURE 42EUROPE TO ACCOUNT FOR LARGEST MARKET SHARE IN SOFTWARE SEGMENT85
TABLE 26SOFTWARE: SMART MIRROR MARKET, BY REGION, 2022–2027 (USD MILLION)85
6.4SERVICES86
6.4.1MAJOR COMPANIES OFFERING SUPPORT SERVICES FOR SPECIFIC PERIODS WITH FOCUS ON MAINTENANCE SERVICES86
TABLE 27SERVICES: SMART MIRROR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)86
TABLE 28SERVICES: SMART MIRROR MARKET, BY APPLICATION, 2022–2027 (USD MILLION)86
TABLE 29SERVICES: SMART MIRROR MARKET, BY REGION, 2018–2021 (USD MILLION)87
TABLE 30SERVICES: SMART MIRROR MARKET, BY REGION, 2022–2027 (USD MILLION)87

7SMART MIRROR MARKET, BY TECHNOLOGY88
7.1INTRODUCTION89
TABLE 31SMART MIRROR MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)89
FIGURE 43ELECTRO CHROMATIC TECHNOLOGY TO DOMINATE GLOBAL SMART MIRROR MARKET89
TABLE 32SMART MIRROR MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)90
7.2ELECTRO CHROMATIC/AUTO DIMMING MIRRORS90
7.2.1SURGING DEMAND FOR EVS AND MIRRORLESS VEHICLES TO DRIVE AUTO DIMMING TECHNOLOGY90
TABLE 33ELECTRO CHROMATIC: SMART MIRROR MARKET, BY REGION, 2018–2021 (USD MILLION)90
FIGURE 44EUROPE TO BE LARGEST MARKET FOR ELECTRO CHROMATIC SMART MIRROR91
TABLE 34ELECTRO CHROMATIC: SMART MIRROR MARKET, BY REGION, 2022–2027 (USD MILLION)91
7.3OTHERS91
TABLE 35OTHERS: SMART MIRROR MARKET, BY REGION, 2018–2021 (USD MILLION)92
FIGURE 45ASIA PACIFIC TO REGISTER HIGHEST CAGR FOR OTHER SMART MIRROR TECHNOLOGIES92
TABLE 36OTHERS: SMART MIRROR MARKET, BY REGION, 2022–2027 (USD MILLION)92
8SMART MIRROR MARKET, BY APPLICATION93
8.1INTRODUCTION94
TABLE 37SMART MIRROR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)94
FIGURE 46SMART MIRROR MARKET FOR RETAIL APPLICATION TO GROW AT HIGHEST CAGR94
TABLE 38SMART MIRROR MARKET, BY APPLICATION, 2022–2027 (USD MILLION)95
8.2AUTOMOTIVE95
TABLE 39AUTOMOTIVE: SMART MIRROR MARKET, BY TYPE, 2018–2021 (USD MILLION)95
TABLE 40AUTOMOTIVE: SMART MIRROR MARKET, BY TYPE, 2022–2027 (USD MILLION)96
TABLE 41AUTOMOTIVE: SMART MIRROR MARKET, BY OFFERING, 2018–2021 (USD MILLION)96
TABLE 42AUTOMOTIVE: SMART MIRROR MARKET, BY OFFERING, 2022–2027 (USD MILLION)96
TABLE 43AUTOMOTIVE: SMART MIRROR MARKET, BY REGION, 2018–2021 (USD MILLION)96
FIGURE 47SMART MIRROR MARKET FOR AUTOMOTIVE APPLICATION IN ASIA PACIFIC TO GROW AT HIGHEST CAGR97
TABLE 44AUTOMOTIVE: SMART MIRROR MARKET, BY REGION, 2022–2027 (USD MILLION)97
8.2.1INTERIOR MIRRORS97
8.2.1.1Integration of additional electronic features such as compass, microphones, lighting assist, and driver assist in interior mirrors to drive market97

8.2.2EXTERIOR MIRRORS98
8.2.2.1Increasing focus of major OEMs on integrating additional features in smart exterior mirrors with capabilities of advanced driver assistance systems (ADAS)98
8.3RETAIL98
8.3.1RISE IN ONLINE SHOPPING AND INCREASING VIRTUAL TRIAL ROOMS TO PROPEL MARKET98
TABLE 45RETAIL: SMART MIRROR MARKET, BY OFFERING, 2018–2021 (USD MILLION)98
TABLE 46RETAIL: SMART MIRROR MARKET, BY OFFERING, 2022–2027 (USD MILLION)99
TABLE 47RETAIL: SMART MIRROR MARKET, BY REGION, 2018–2021 (USD MILLION)99
FIGURE 48ASIA PACIFIC MARKET TO WITNESS HIGHEST GROWTH IN RETAIL APPLICATION99
TABLE 48RETAIL: SMART MIRROR MARKET, BY REGION, 2022–2027 (USD MILLION)100
8.4RESIDENTIAL100
8.4.1SURGING ADOPTION OF IOT DEVICES FOR HOME AUTOMATION TO PROPEL DEPLOYMENT OF SMART MIRRORS IN RESIDENTIAL APPLICATIONS100
TABLE 49RESIDENTIAL: SMART MIRROR MARKET, BY OFFERING, 2018–2021 (USD MILLION)100
TABLE 50RESIDENTIAL: SMART MIRROR MARKET, BY OFFERING, 2022–2027 (USD MILLION)101
TABLE 51RESIDENTIAL: SMART MIRROR MARKET, BY REGION, 2018–2021 (USD MILLION)101
TABLE 52RESIDENTIAL: SMART MIRROR MARKET, BY REGION, 2022–2027 (USD MILLION)101
8.5HOSPITALITY102
8.5.1HOSPITALITY SECTOR TO FOCUS ON ENHANCING GUEST EXPERIENCE BY DEPLOYING SMART MIRRORS102
TABLE 53HOSPITALITY: SMART MIRROR MARKET, BY OFFERING, 2018–2021 (USD MILLION)102
TABLE 54HOSPITALITY: SMART MIRROR MARKET, BY OFFERING, 2022–2027 (USD MILLION)102
TABLE 55HOSPITALITY: SMART MIRROR MARKET, BY REGION, 2018–2021 (USD MILLION)103
TABLE 56HOSPITALITY: SMART MIRROR MARKET, BY REGION, 2022–2027 (USD MILLION)103
8.6HEALTHCARE103
8.6.1MEDICAL RESEARCH: MAJOR HEALTHCARE APPLICATION OF SMART MIRRORS103
TABLE 57HEALTHCARE: SMART MIRROR MARKET, BY OFFERING, 2018–2021 (USD MILLION)104
TABLE 58HEALTHCARE: SMART MIRROR MARKET, BY OFFERING, 2022–2027 (USD MILLION)104
TABLE 59HEALTHCARE: SMART MIRROR MARKET, BY REGION, 2018–2021 (USD MILLION)104
FIGURE 49MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR FOR SMART MIRROR HEALTHCARE APPLICATION FROM 2022 TO 2027105
TABLE 60HEALTHCARE: SMART MIRROR MARKET, BY REGION, 2022–2027 (USD MILLION)105
8.7OTHERS105
TABLE 61OTHERS: SMART MIRROR MARKET, BY OFFERING, 2018–2021 (USD MILLION)106
TABLE 62OTHERS: SMART MIRROR MARKET, BY OFFERING, 2022–2027 (USD MILLION)106
TABLE 63OTHERS: SMART MIRROR MARKET, BY REGION, 2018–2021 (USD MILLION)106
TABLE 64OTHERS: SMART MIRROR MARKET, BY REGION, 2022–2027 (USD MILLION)107
9SMART MIRROR MARKET, BY INSTALLATION TYPE108
9.1INTRODUCTION109
TABLE 65SMART MIRROR MARKET, BY INSTALLATION TYPE, 2018–2021 (USD MILLION)109
FIGURE 50FIXED INSTALLATION TO BE WIDELY ADOPTED DEPLOYMENT FOR SMART MIRROR109
TABLE 66SMART MIRROR MARKET, BY INSTALLATION TYPE, 2022–2027 (USD MILLION)109
9.2FIXED110
9.2.1INCREASING DEPLOYMENT OF INTERIOR AND EXTERIOR REAR-VIEW AUTOMATIC DIMMING MIRRORS TO SUPPORT MARKET GROWTH110
9.3FREE STYLE110
9.3.1INCREASING POPULARITY OF SMART HOMES AND HOME AUTOMATION DEVICES IN RESIDENTIAL BUILDINGS TO SPUR MARKET GROWTH110
10SMART MIRROR MARKET, BY SALES CHANNEL111
10.1INTRODUCTION112
TABLE 67SMART MIRROR MARKET, BY SALES CHANNEL, 2018–2021 (USD MILLION)112
FIGURE 51INDIRECT SALES CHANNEL TO DOMINATE SMART MIRROR MARKET112
TABLE 68SMART MIRROR MARKET, BY SALES CHANNEL, 2022–2027 (USD MILLION)112
10.2INDIRECT SALES113
10.2.1TO ACCOUNT FOR MAJORITY OF SMART MIRROR SALES113
10.3DIRECT SALES113
10.3.1TO GROW AT HIGH RATE DRIVEN BY RETAIL, RESIDENTIAL, AND HEALTHCARE SEGMENTS113
11SMART MIRROR MARKET, BY REGION114
11.1INTRODUCTION115
FIGURE 52EUROPE TO LEAD SMART MIRROR MARKET DURING FORECAST PERIOD115
FIGURE 53MARKET IN SOUTH KOREA TO GROW AT HIGHEST CAGR116
TABLE 69SMART MIRROR MARKET, BY REGION, 2018–2021 (USD MILLION)116
TABLE 70SMART MIRROR MARKET, BY REGION, 2022–2027 (USD MILLION)117
TABLE 71SMART MIRROR MARKET FOR AUTOMOTIVE, BY REGION, 2018–2021 (THOUSAND UNITS)117
TABLE 72SMART MIRROR MARKET FOR AUTOMOTIVE, BY REGION, 2022–2027 (THOUSAND UNITS)117

11.2AMERICAS118
TABLE 73AMERICAS: SMART MIRROR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)118
TABLE 74AMERICAS: SMART MIRROR MARKET, BY APPLICATION, 2022–2027 (USD MILLION)118
TABLE 75AMERICAS: SMART MIRROR MARKET, BY OFFERING, 2018–2021 (USD MILLION)119
TABLE 76AMERICAS: SMART MIRROR MARKET, BY OFFERING, 2022–2027 (USD MILLION)119
TABLE 77AMERICAS: SMART MIRROR MARKET, BY REGION, 2018–2021 (USD MILLION)119
TABLE 78AMERICAS: SMART MIRROR MARKET, BY REGION, 2022–2027 (USD MILLION)119
11.2.1NORTH AMERICA120
FIGURE 54NORTH AMERICA: SMART MIRROR MARKET SNAPSHOT120
TABLE 79NORTH AMERICA: SMART MIRROR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)121
TABLE 80NORTH AMERICA: SMART MIRROR MARKET, BY APPLICATION, 2022–2027 (USD MILLION)121
TABLE 81NORTH AMERICA: SMART MIRROR MARKET, BY OFFERING, 2018–2021 (USD MILLION)121
TABLE 82NORTH AMERICA: SMART MIRROR MARKET, BY OFFERING, 2022–2027 (USD MILLION)122
TABLE 83NORTH AMERICA: SMART MIRROR MARKET, BY COUNTRY, 2018–2021 (USD MILLION)122
TABLE 84NORTH AMERICA: SMART MIRROR MARKET, BY COUNTRY, 2022–2027 (USD MILLION)122
11.2.1.1US123
11.2.1.1.1Market growth attributed to government support for adoption of electric cars123
11.2.1.2Canada123
11.2.1.2.1Self-dimming smart mirrors for hospitality and retail applications to boost market123
11.2.1.3Mexico124
11.2.1.3.1Presence of several automobile manufacturers to propel market124
11.2.2SOUTH AMERICA124
FIGURE 55SOUTH AMERICA: SMART MIRROR MARKET SNAPSHOT125
TABLE 85SOUTH AMERICA: SMART MIRROR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)125
TABLE 86SOUTH AMERICA: SMART MIRROR MARKET, BY APPLICATION, 2022–2027 (USD MILLION)126
TABLE 87SOUTH AMERICA: SMART MIRROR MARKET, BY OFFERING, 2018–2021 (USD MILLION)126
TABLE 88SOUTH AMERICA: SMART MIRROR MARKET, BY OFFERING, 2022–2027 (USD MILLION)126
TABLE 89SOUTH AMERICA: SMART MIRROR MARKET, BY COUNTRY, 2018–2021 (USD MILLION)127
TABLE 90SOUTH AMERICA: SMART MIRROR MARKET, BY COUNTRY, 2022–2027 (USD MILLION)127
11.2.2.1Brazil127
11.2.2.1.1Emphasis on providing better shopping experience by retail sector to boost market127
11.2.2.2Argentina128
11.2.2.2.1Economic recovery and technological advancements to boost adoption of smart mirrors128
11.2.2.3Rest of South America128
11.3EUROPE128
FIGURE 56EUROPE: SMART MIRROR MARKET SNAPSHOT129
TABLE 91EUROPE: SMART MIRROR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)130
TABLE 92EUROPE: SMART MIRROR MARKET, BY APPLICATION, 2022–2027 (USD MILLION)130
TABLE 93EUROPE: SMART MIRROR MARKET, BY OFFERING, 2018–2021 (USD MILLION)130
TABLE 94EUROPE: SMART MIRROR MARKET, BY OFFERING, 2022–2027 (USD MILLION)131
TABLE 95EUROPE: SMART MIRROR MARKET, BY COUNTRY, 2018–2021 (USD MILLION)131
TABLE 96EUROPE: SMART MIRROR MARKET, BY COUNTRY, 2022–2027 (USD MILLION)131
11.3.1UK132
11.3.1.1Increasing investments in retail, hospitality, and smart homes segments to promote market growth132
11.3.2GERMANY132
11.3.2.1Start-ups partnering with retail stores to implement smart mirrors to enhance customer engagement132
11.3.3FRANCE132
11.3.3.1Presence of large retail brands to propel adoption of smart mirrors132
11.3.4ITALY133
11.3.4.1Increasing awareness about smart mirror technology contributing to market growth133
11.3.5SPAIN133
11.3.5.1Increasing adoption of advanced technologies in retail and home automation to boost market133
11.3.6REST OF EUROPE (ROE)133
11.4ASIA PACIFIC133
FIGURE 57ASIA PACIFIC: SMART MIRROR MARKET SNAPSHOT134
TABLE 97ASIA PACIFIC: SMART MIRROR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)135
TABLE 98ASIA PACIFIC: SMART MIRROR MARKET, BY APPLICATION, 2022–2027 (USD MILLION)135
TABLE 99ASIA PACIFIC: SMART MIRROR MARKET, BY OFFERING, 2018–2021 (USD MILLION)135
TABLE 100ASIA PACIFIC: SMART MIRROR MARKET, BY OFFERING, 2022–2027 (USD MILLION)136
TABLE 101ASIA PACIFIC: SMART MIRROR MARKET, BY COUNTRY, 2018–2021 (USD MILLION)136
TABLE 102ASIA PACIFIC: SMART MIRROR MARKET, BY COUNTRY, 2022–2027 (USD MILLION)136
11.4.1CHINA137
11.4.1.1To retain dominance in automotive smart mirror market in Asia Pacific137
11.4.2JAPAN137
11.4.2.1Large automobile manufacturing base and transformation of retail industry to drive market137
11.4.3INDIA137
11.4.3.1Government initiatives such as Make in India to positively impact demand for smart mirrors in automotive, hospitality, retail, and smart homes applications137
11.4.4SOUTH KOREA138
11.4.4.1Rapid technological developments in automotive and electronics industries boosting adoption of smart mirrors138
11.4.5AUSTRALIA138
11.4.5.1Rising demand for smart retail and EVS to propel market138
11.4.6REST OF ASIA PACIFIC138
11.5REST OF THE WORLD138
TABLE 103REST OF THE WORLD: SMART MIRROR MARKET, BY APPLICATION, 2018–2021 (USD MILLION)139
TABLE 104REST OF THE WORLD: SMART MIRROR MARKET, BY APPLICATION, 2022–2027 (USD MILLION)139
TABLE 105REST OF THE WORLD: SMART MIRROR MARKET, BY OFFERING, 2018–2021 (USD MILLION)139
TABLE 106REST OF THE WORLD: SMART MIRROR MARKET, BY OFFERING, 2022–2027 (USD MILLION)140
TABLE 107REST OF THE WORLD: SMART MIRROR MARKET, BY REGION, 2018–2021 (USD MILLION)140
TABLE 108REST OF THE WORLD: SMART MIRROR MARKET, BY REGION, 2022–2027 (USD MILLION)140
11.5.1MIDDLE EAST & AFRICA140
12COMPETITIVE LANDSCAPE141
12.1INTRODUCTION141
12.2KEY PLAYER STRATEGIES/RIGHT TO WIN141
TABLE 109OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN SMART MIRROR MARKET141
12.2.1PRODUCT PORTFOLIO142
12.2.2REGIONAL FOCUS142
12.2.3MANUFACTURING FOOTPRINT142
12.2.4ORGANIC/INORGANIC GROWTH STRATEGIES142

12.3MARKET SHARE ANALYSIS, 2021142
TABLE 110SMART MIRROR MARKET (AUTOMOTIVE APPLICATION): DEGREE OF COMPETITION143
12.4HISTORICAL REVENUE ANALYSIS (2017–2021)144
FIGURE 585-YEAR REVENUE ANALYSIS OF KEY PLAYERS IN SMART MIRROR MARKET144
12.5COMPANY EVALUATION QUADRANT145
12.5.1STARS145
12.5.2PERVASIVE PLAYERS145
12.5.3EMERGING LEADERS145
12.5.4PARTICIPANTS145
FIGURE 59SMART MIRROR MARKET (GLOBAL): COMPANY EVALUATION QUADRANT146
12.6SMART MIRROR MARKET: COMPETITIVE BENCHMARKING147
TABLE 111SMART MIRROR MARKET: DETAILED LIST OF START-UPS/SMES147
TABLE 112SMART MIRROR MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [SMES]148
TABLE 113LIST OF KEY START-UPS IN SMART MIRROR MARKET149
12.7START-UP/SME EVALUATION QUADRANT149
12.7.1PROGRESSIVE COMPANIES149
12.7.2RESPONSIVE COMPANIES149
12.7.3DYNAMIC COMPANIES149
12.7.4STARTING BLOCKS150
FIGURE 60SMART MIRROR MARKET (GLOBAL): START-UP/SME EVALUATION QUADRANT, 2021150
12.8COMPANY FOOTPRINT151
TABLE 114COMPANY FOOTPRINT (OVERALL)151
TABLE 115COMPANY OFFERING FOOTPRINT151
TABLE 116COMPANY APPLICATION FOOTPRINT152
TABLE 117COMPANY REGION FOOTPRINT153
12.9COMPETITIVE SITUATION AND TRENDS153
12.9.1PRODUCT LAUNCHES & DEVELOPMENTS154
TABLE 118SMART MIRROR MARKET: PRODUCT LAUNCHES & DEVELOPMENTS, JANUARY 2018– JANUARY 2022154
12.9.2DEALS156
TABLE 119SMART MIRROR MARKET: DEALS, JANUARY 2019–MAY 2022156
13COMPANY PROFILES158
13.1KEY PLAYERS158
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View)*
13.1.1JAPAN DISPLAY INC.158
TABLE 120JAPAN DISPLAY INC.: COMPANY OVERVIEW158
FIGURE 61JAPAN DISPLAY INC.: COMPANY SNAPSHOT159
TABLE 121JAPAN DISPLAY INC.: PRODUCTS OFFERED159
TABLE 122JAPAN DISPLAY INC.: PRODUCT LAUNCHES160
TABLE 123JAPAN DISPLAY INC.: DEALS160
13.1.2FICOSA INTERNATIONAL S.A.162
TABLE 124FICOSA INTERNATIONAL S.A.: COMPANY OVERVIEW162
TABLE 125FICOSA: PRODUCTS OFFERED162
TABLE 126FICOSA INTERNATIONAL S.A.: PRODUCT LAUNCHES163
TABLE 127FICOSA INTERNATIONAL S.A.: DEALS163
13.1.3GENTEX CORPORATION165
TABLE 128GENTEX CORPORATION: COMPANY OVERVIEW165
FIGURE 62GENTEX CORPORATION: COMPANY SNAPSHOT166
TABLE 129GENTEX CORPORATION: PRODUCTS OFFERED167
TABLE 130GENTEX CORPORATION: PRODUCT LAUNCHES167
TABLE 131GENTEX CORPORATION: DEALS167
13.1.4SEURA SOLUTIONS170
TABLE 132SEURA SOLUTIONS: COMPANY OVERVIEW170
TABLE 133SEURA SOLUTIONS: PRODUCTS OFFERED170
TABLE 134SEURA SOLUTIONS: PRODUCT LAUNCHES171
13.1.5MAGNA INTERNATIONAL173
TABLE 135MAGNA INTERNATIONAL: COMPANY OVERVIEW173
FIGURE 63MAGNA INTERNATIONAL: COMPANY SNAPSHOT174
TABLE 136MAGNA INTERNATIONAL: PRODUCTS OFFERED175
TABLE 137MAGNA INTERNATIONAL: PRODUCT LAUNCHES175
TABLE 138MAGNA INTERNATIONAL: DEALS176
13.1.6ELECTRIC MIRROR177
TABLE 139ELECTRIC MIRROR: COMPANY OVERVIEW177
TABLE 140ELECTRIC MIRROR: PRODUCTS OFFERED177
TABLE 141ELECTRIC MIRROR: PRODUCT LAUNCHES178
13.1.7HARMAN INTERNATIONAL INDUSTRIES (A SAMSUNG SUBSIDIARY)179
TABLE 142HARMAN INTERNATIONAL INDUSTRIES (A SAMSUNG SUBSIDIARY): COMPANY OVERVIEW179
TABLE 143HARMAN INTERNATIONAL INDUSTRIES (A SAMSUNG SUBSIDIARY): PRODUCTS OFFERED179
13.1.8MURAKAMI KAIMEIDO180
TABLE 144MURAKAMI KAIMEIDO: COMPANY OVERVIEW180
FIGURE 64MURAKAMI KAIMEIDO: COMPANY SNAPSHOT180
TABLE 145MURAKAMI KAIMEIDO: PRODUCTS OFFERED181
13.1.9KEONN TECHNOLOGIES182
TABLE 146KEONN TECHNOLOGIES: COMPANY OVERVIEW182
TABLE 147KEONN TECHNOLOGIES: PRODUCTS OFFERED182
TABLE 148KEONN: DEALS183

13.1.10DENSION184
TABLE 149DENSION: COMPANY OVERVIEW184
TABLE 150DENSION: PRODUCTS OFFERED184
* Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
13.2OTHER PLAYERS185
13.2.1ALKE185
13.2.2AD NOTAM186
13.2.3MIRROCOOL187
13.2.4SEYMOURPOWELL187
13.2.5DIRROR188
13.2.6PERSEUS MIRROR188
13.2.7OAKLABS189
13.2.8SMARTSPOT189
13.2.9PRO DISPLAY190
13.2.10GLANCE DISPLAYS190
13.2.11NEXSTGO COMPANY LIMITED191
13.2.12METROCLICK191
13.2.13PINGALA SOFTWARE INDIA PVT. LTD.192
13.2.14EYYES GMBH192
13.2.15HILO SMART MIRROR193
14APPENDIX194
14.1INSIGHTS FROM INDUSTRY EXPERTS194
14.2DISCUSSION GUIDE195
14.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL198
14.4CUSTOMIZATION OPTIONS200
14.5RELATED REPORTS200
14.6AUTHOR DETAILS201

Report Title: Smart Mirror Market by Offering (Hardware (Displays, Sensors, Cameras), Software, Services), Application (Automotive (Interior, Exterior), Hospitality, Retail), Technology, Installation Type, Sales Channel and Region - Global Forecast to 2027


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