Smart Mirror Market , by Component (Hardware, Software, Services), by End Use (Automotive, Hospitality, Retail, Smart Homes, Healthcare, Others) Regional Outlook (North America, Europe, Asia-Pacific, LAMEA), Global Opportunity Analysis and Industry Forecast, 2019–2026
- RES4072041
- 180 Pages
- January 2020
- Semiconductor and Electronics
Market Definition:
Smart mirror is a highly advanced mirror with a multiple inbuilt smart functions in it. Smart mirror has the capability to display multiple data like images videos and texts. Despite of that it has the ability to showcase the user the different types of data in the shape of widgets such as time, weather, date and news updates. Smart mirror is a device which displays the users image on a screen which works as a mirror with advanced features.
Market Drivers:
The use of smart technology within in the population and increased in the automotive sector are considered to be the smart mirror market driving factors. In automotive sector the demand for the smart mirror is increasing rapidly due to the advanced driver assistance system (ADAS). Advanced driver assistance system(ADAS) provides the driver for better and safer driving which provides automatic brightness adjustment, reduces the glare of the view, and provides 360-degree vision. The use of smart technology is mostly used in the retail sector hospitality, healthcare and many more which gives boost to the smart mirror market.
Market Retrains:
The cost and the privacy of personal data are considered to be the major restrains for the smart mirror market. Smart mirror price is very high in comparison to the conventional mirror, which makes only the premium segment to afford the smart mirror. The privacy regarding the personal data is being kept within the mirrors cloud software involuntarily which may cause the security breach and is considered to be the biggest restrains in the smart mirror market.
Smart mirror market by Component:
Depending on the component the smart mirror is segmented into 3 types hardware, software and services. The hardware segment was the highest contributor to the market, with $1,301.5 million in 2018, and is estimated to reach $2,658.1 million by 2026. Hardware segment is mainly fragmented into cameras, sensors, audio systems and others. Such devices are primarily used to perform mirror tasks, such as image processing voice data and power consumption. Smart mirror uses the specific software like Raspberry Pi, magic mirror 2 operate with the help of various application like Linux and cloud which detects the motion of the user and facial recognition. The software segment was $477.8 million in 2018 and is projected to grow at a CAGR of 10.7% in the forecast period.
Smart mirror market by End use:
Depending on the end use the smart mirror is bifurcated into Automotive, Hospitality, Smart Homes, Retail, Health Care and Others. Automotive sector has witness to use the smart mirror for the driver’s convenience and safety so that it can optimize the driver’s vision. Smart mirrors for automotive are mainly bifurcated into exterior electrochromic automatic-dimming rearview mirrors & interior electrochromic automatic-dimming rearview mirrors. The automobile segment was the highest contributor to the market, with $442.3 million in 2018, and is estimated to reach $922.0 million by 2026.The retail sector majorly used in the clothing sector for virtual dressing, it saves images of clothes in all the possible angles, so that whenever a customer stands in front of the mirror, it automatically fits the cloth on the customer’s body by selecting the cloths. The smart mirror market size for retail was valued at $286.8 million in 2018, and is projected to reach $658.1 million by 2026.
Smart mirror market by Region:
Depending on the region, smart mirror market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe holds the largest market share. The region has adopted smart mirror technology in retail industry for smart mirror manufacturing across the world. The North America smart mirror market size was valued at $613.5 million in 2018, and is projected to reach $1,279.5 million by 2026.Along with North America, the market for Europe is anticipated to experience significant growth which was valued at $789.6 million in 2018, and is projected to grow at a CAGR of 8.3%in the forecast period. It is due to increase in demand from various automotive manufacturers such as Volkswagen, Ferrari, BMW, and others.
Key participants in smart mirror market:
The major key players in smart mirror market are Seura, Samsung Electronics, Perseus motors, Murakami corporation., Magna international Inc., Japan display Inc., Gentex corporation, Ficosa(Panasonic), Electric motors, Dension Inc. and many others.
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.4.1. Assumptions
1.4.2. Forecast parameters
1.5. Data sources
1.5.1. Primary
1.5.2. Secondary
2. Executive Summary
2.1. 360° summary
2.2. Component trends
2.3. End-use trends
3. Market overview
3.1. Market segmentation & definitions
3.2. Key takeaways
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview
3.8.1. By component
3.8.2. By end-use
3.8.3. By region
3.9. Market value chain analysis
3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors
3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors
3.10. Strategic overview
4. Smart mirror market, by Component
4.1. Hardware
4.1.1. Market size and forecast, by region, 2017-2028
4.1.2. Comparative market share analysis, 2018 & 2028
4.2. Software
4.2.1. Market size and forecast, by region, 2017-2028
4.2.2. Comparative market share analysis, 2018 & 2028
4.3. Services
4.3.1. Market size and forecast, by region, 2017-2028
4.3.2. Comparative market share analysis, 2018 & 2028
5. Smart mirror market, by End-use
5.1. Automotive
5.1.1. Market size and forecast, by region, 2017-2028
5.1.2. Comparative market share analysis, 2018 & 2028
5.2. Hospitaltiy
5.2.1. Market size and forecast, by region, 2017-2028
5.2.2. Comparative market share analysis, 2018 & 2028
5.3. Retail
5.3.1. Market size and forecast, by region, 2017-2028
5.3.2. Comparative market share analysis, 2018 & 2028
5.4. Smart Homes
5.4.1. Market size and forecast, by region, 2017-2028
5.4.2. Comparative market share analysis, 2018 & 2028
5.5. Healthcare
5.5.1. Market size and forecast, by region, 2017-2028
5.5.2. Comparative market share analysis, 2018 & 2028
5.6. Others
5.6.1. Market size and forecast, by region, 2017-2028
5.6.2. Comparative market share analysis, 2018 & 2028
6. Smart mirror market, by Region
6.1. North Region
6.1.1. Market size and forecast, by type, 2017-2028
6.1.2. Market size and forecast, by application, 2017-2028
6.1.3. Market size and forecast, by end-use, 2017-2028
6.1.4. Market size and forecast, by country, 2017-2028
6.1.5. Comparative market share analysis, 2018 & 2028
6.1.6. U.S
6.1.6.1. Market size and forecast, by type, 2017-2028
6.1.6.2. Market size and forecast, by application, 2017-2028
6.1.6.3. Market size and forecast, by end-use, 2017-2028
6.1.6.4. Comparative market share analysis, 2018 & 2028
6.1.7. Canada
6.1.7.1. Market size and forecast, by type, 2017-2028
6.1.7.2. Market size and forecast, by application, 2017-2028
6.1.7.3. Market size and forecast, by end-use, 2017-2028
6.1.7.4. Comparative market share analysis, 2018 & 2028
6.1.8. Mexico
6.1.8.1. Market size and forecast, by type, 2017-2028
6.1.8.2. Market size and forecast, by application, 2017-2028
6.1.8.3. Market size and forecast, by end-use, 2017-2028
6.1.8.4. Comparative market share analysis, 2018 & 2028
6.2. Europe
6.2.1. Market size and forecast, by type, 2017-2028
6.2.2. Market size and forecast, by application, 2017-2028
6.2.3. Market size and forecast, by end-use, 2017-2028
6.2.4. Market size and forecast, by country, 2017-2028
6.2.5. Comparative market share analysis, 2018 & 2028
6.2.6. UK
6.2.6.1. Market size and forecast, by type, 2017-2028
6.2.6.2. Market size and forecast, by application, 2017-2028
6.2.6.3. Market size and forecast, by end-use, 2017-2028
6.2.6.4. Comparative market share analysis, 2018 & 2028
6.2.7. Germany
6.2.7.1. Market size and forecast, by type, 2017-2028
6.2.7.2. Market size and forecast, by application, 2017-2028
6.2.7.3. Market size and forecast, by end-use, 2017-2028
6.2.7.4. Comparative market share analysis, 2018 & 2028
6.2.8. France
6.2.8.1. Market size and forecast, by type, 2017-2028
6.2.8.2. Market size and forecast, by application, 2017-2028
6.2.8.3. Market size and forecast, by end-use, 2017-2028
6.2.8.4. Comparative market share analysis, 2018 & 2028
6.2.9. Italy
6.2.9.1. Market size and forecast, by type, 2017-2028
6.2.9.2. Market size and forecast, by application, 2017-2028
6.2.9.3. Market size and forecast, by end-use, 2017-2028
6.2.9.4. Comparative market share analysis, 2018 & 2028
6.2.10. Rest of Europe
6.2.10.1. Market size and forecast, by type, 2017-2028
6.2.10.2. Market size and forecast, by application, 2017-2028
6.2.10.3. Market size and forecast, by end-use, 2017-2028
6.2.10.4. Comparative market share analysis, 2018 & 2028
6.3. Asia-Pacific
6.3.1. Market size and forecast, by type, 2017-2028
6.3.2. Market size and forecast, by application, 2017-2028
6.3.3. Market size and forecast, by end-use, 2017-2028
6.3.4. Market size and forecast, by country, 2017-2028
6.3.5. Comparative market share analysis, 2018 & 2028
6.3.6. China
6.3.6.1. Market size and forecast, by type, 2017-2028
6.3.6.2. Market size and forecast, by application, 2017-2028
6.3.6.3. Market size and forecast, by end-use, 2017-2028
6.3.6.4. Comparative market share analysis, 2018 & 2028
6.3.7. India
6.3.7.1. Market size and forecast, by type, 2017-2028
6.3.7.2. Market size and forecast, by application, 2017-2028
6.3.7.3. Market size and forecast, by end-use, 2017-2028
6.3.7.4. Comparative market share analysis, 2018 & 2028
6.3.8. Japan
6.3.8.1. Market size and forecast, by type, 2017-2028
6.3.8.2. Market size and forecast, by application, 2017-2028
6.3.8.3. Market size and forecast, by end-use, 2017-2028
6.3.8.4. Comparative market share analysis, 2018 & 2028
6.3.9. South Korea
6.3.9.1. Market size and forecast, by type, 2017-2028
6.3.9.2. Market size and forecast, by application, 2017-2028
6.3.9.3. Market size and forecast, by end-use, 2017-2028
6.3.9.4. Comparative market share analysis, 2018 & 2028
6.3.10. Rest of Asia-Pacific
6.3.10.1. Market size and forecast, by type, 2017-2028
6.3.10.2. Market size and forecast, by application, 2017-2028
6.3.10.3. Market size and forecast, by end-use, 2017-2028
6.3.10.4. Comparative market share analysis, 2018 & 2028
6.4. LAMEA
6.4.1. Market size and forecast, by type, 2017-2028
6.4.2. Market size and forecast, by application, 2017-2028
6.4.3. Market size and forecast, by end-use, 2017-2028
6.4.4. Market size and forecast, by country, 2017-2028
6.4.5. Comparative market share analysis, 2018 & 2028
6.4.6. Latin America
6.4.6.1. Market size and forecast, by type, 2017-2028
6.4.6.2. Market size and forecast, by application, 2017-2028
6.4.6.3. Market size and forecast, by end-use, 2017-2028
6.4.6.4. Comparative market share analysis, 2018 & 2028
6.4.7. Middle East
6.4.7.1. Market size and forecast, by type, 2017-2028
6.4.7.2. Market size and forecast, by application, 2017-2028
6.4.7.3. Market size and forecast, by end-use, 2017-2028
6.4.7.4. Comparative market share analysis, 2018 & 2028
6.4.8. Africa
6.4.8.1. Market size and forecast, by type, 2017-2028
6.4.8.2. Market size and forecast, by application, 2017-2028
6.4.8.3. Market size and forecast, by end-use, 2017-2028
6.4.8.4. Comparative market share analysis, 2018 & 2028
7. Company profiles
7.1. Dension
7.1.1. Business overview
7.1.2. Financial performance
7.1.3. Product portfolio
7.1.4. Recent strategic moves & developments
7.1.5. SWOT analysis
7.2. Electric Mirror
7.2.1. Business overview
7.2.2. Financial performance
7.2.3. Product portfolio
7.2.4. Recent strategic moves & developments
7.2.5. SWOT analysis
7.3. Ficosa(Panasonic)
7.3.1. Business overview
7.3.2. Financial performance
7.3.3. Product portfolio
7.3.4. Recent strategic moves & developments
7.3.5. SWOT analysis
7.4. Gentex Corporation
7.4.1. Business overview
7.4.2. Financial performance
7.4.3. Product portfolio
7.4.4. Recent strategic moves & developments
7.4.5. SWOT analysis
7.5. Japan Display Inc.
7.5.1. Business overview
7.5.2. Financial performance
7.5.3. Product portfolio
7.5.4. Recent strategic moves & developments
7.5.5. SWOT analysis
7.6. Magna International Inc.
7.6.1. Business overview
7.6.2. Financial performance
7.6.3. Product portfolio
7.6.4. Recent strategic moves & developments
7.6.5. SWOT analysis
7.7. Murakami corporation
7.7.1. Business overview
7.7.2. Financial performance
7.7.3. Product portfolio
7.7.4. Recent strategic moves & developments
7.7.5. SWOT analysis
7.8. Perseus Mirror
7.8.1. Business overview
7.8.2. Financial performance
7.8.3. Product portfolio
7.8.4. Recent strategic moves & developments
7.8.5. SWOT analysis
7.9. Samsung Electronics Co. Ltd.
7.9.1. Business overview
7.9.2. Financial performance
7.9.3. Product portfolio
7.9.4. Recent strategic moves & developments
7.9.5. SWOT analysis
7.10. SEURA
7.10.1. Business overview
7.10.2. Financial performance
7.10.3. Product portfolio
7.10.4. Recent strategic moves & developments
7.10.5. SWOT analysis
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