The term smart mirror mentions
to the mirror glasses that are prepared with the several surrounded electronic
device and features of connectivity. Many of the popular electronic devices are
incorporated in the smart mirrors involve displays, cameras, sensors and
connectivity equipment. Not only has this, such mirrors are extensively utilized
in numerous industry verticals which includes healthcare, automotive, retail, residential
and several others as they are integrated with the other simple devices in
order to make them smart and connectable. The smart mirrors come along the
touch screen technology and are consumer friendly and straightforwardly to
operate. Furthermore, the players of smart mirror market are playing an
important role for improving the functioning of smart mirrors across the
several industry verticals for generating the high amount of revenue and
leading the fastest market growth around the globe more positively throughout
the forecasted period.
According to the report
analysis, ‘Smart
Mirror Market - Global Drivers, Opportunities, Trends, and Forecasts to
2022’ states that there are several key players which are presently functioning
in this sector more actively for leading the fastest market growth and dominating
the handsome amount of market share across the globe in the coming years more
efficiently while offering several services along the smart mirrors at a
reasonable price, favorable policies of the government of respective region and
attaining the tremendous opportunities includes Gentex Corp., Panasonic, Suera,
Samsung, Magna International and several others.
Moreover, the smart mirror
suggests an unproblematic experience enabling the consumer to get admittance to
the information like they will ultimately get from other devices such as
smartphones, laptops, and TV. Whereas, as for now, the consumers are showing
their extensive interest in utilizing the technology in integrated mirrors,
thereby generating the occasions for both manufacturers and fashion designers
to turn up with new innovative ideas to snatch the market share and standout in
the competition.
The Global Smart Mirror
market is anticipated to reach USD 1,220.3 million by 2022, growing at an extensive
CAGR of 14.4% during the forecast period of 2016-2022. Whereas, the smart
material market is sectored into self-dimming, self-healing, and self-cleaning
mirrors. However, the Self-dimming mirrors control the mainstream of the market
share as automobiles are using rear-view mirrors. The surrounded technologies
include internet connectivity, RFID, Bluetooth, cameras, touchscreen, etc.The smart
material market is anticipated to reach USD 709.4 million by 2022, increase at
a CAGR of 16.3%.
Although, the significant
increase in the technological advancements in the embedded devices is one of
the most efficient aspects for propelling the smart mirrors market. The market
is extensively technology driven and hence, the smart mirror suppliers are continuously
aimed on delivering the progressive products that can attract more consumers. Moreover,
based on the geography, the market of smart mirror is spread across the globe.
Whereas, the Europe controls the mainstream of the market share followed by
North America. The extensive reception of smart mirror in automobiles, retail
and consumer segments is the foremost driver for the growth of the market in
these regions. LAMEA has limitations on clothes for the women, decreasing
the opportunity for the global suppliers in the retail sector. However, the
market for automobiles will be very robust in GCC countries. Therefore, in the
coming years, it is predicted that the market of smart mirror will increase
around the globe more positively over the forecasted period.
For more information on the research
report, refer to below link:
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