Global Smart Mirror Market to Top US$ 6.5 Bn Valuation by 2031: Persistence Market Research Study
Published On : Dec 30, 2021
Persistence Market Research delivers key insights on the global smart mirror market in its latest report. In terms of volume, the global smart mirror market is anticipated to expand at a CAGR of close to 10% over 2021-2031 period, and top a market value of US$ 6.5 Bn, driven by various growth factors, regarding which Persistence Market Research offers vital insights in detail in this report.
On the basis of component, the market has been segmented into sensors, displays, camera and others. In terms of value share, displays have been estimated to be the dominant segment in 2021 global smart mirror market.
The global smart mirror market has been segmented by application into automotive sector, consumer & residential, healthcare, and retail sector & advertising. Of these segments, automotive sector segment is estimated to be the largest segment in the global smart mirror market in terms of revenue contribution in 2021; however, consumer & residential segment is expected to expand at a impressive CAGR over 2021–2031, due to increasing adoption of new & innovative technologies in the smart mirror industry by various smart mirror manufacturers across the globe.
Growth of the global smart mirror market is mainly driven by the high demand of smart mirror from key applications. Also, various key players in the smart mirror market are focused towards enhancing their respective product portfolios by introducing products with new and innovative features for use across a range of application areas is fueling the growth of the smart mirror market. However, high implementation cost of the smart mirror and either relatively low or total lack of awareness among people regarding smart mirror technology are restraining the growth of the market to some extent.
This report covers trends driving each segment and respective sub-segments and offers analysis and insights of the potential of the smart mirror market in specific regions. By region, North America has been estimated to dominate the smart mirror market and is expected to account for 25.5% value share of the overall market in 2021, exhibiting a healthy CAGR over the next ten years.
Browse through the full Global Smart Mirror Market Report at https://www.persistencemarketresearch.com/market-research/smart-mirror-market.asp
Some of the major players identified in the global smart mirror market are Gentex Corporation, Magna International Inc., Pro Display, Evervue, Séura, Alke, ad notam AG, Tech2o, Samsung Electronics Co., Ltd., TOSHIBA CORPORATION, and Panasonic Corporation.
Key players in the market follow the strategy of acquisition and mergers and are focusing on meeting consumer demands and their needs in order to strengthen their position in the market. Furthermore, consistent investment in R&D activities in order to enhance existing products and services portfolio is another major strategy adopted by major players operating in the smart mirror market.
- Others (Mic, Speaker, and Communication devices)
- Automotive Sector
- Consumer & Residential
- Retail Sector & Advertising
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- The Middle East & Africa (MEA)
- South Africa
- North Africa
- Rest of MEA
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries.
The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
Persistence Market Research stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, Persistence Market Research’s engagement models are highly flexible without compromising on its deep-seated research values.
New York City, NY 10007
USA - Canada Toll Free: 800-961-0353
Smart Mirror Market
Global Market Study on Smart Mirrors: Automotive and Lifestyle Industry to Drive Demand Growth
Global Market Study on Smart Mirrors: Automotive and Lifestyle Industry to Drive Demand GrowthRequest TOC