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.
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