LAMEA Smart Mirror Market Size, Share & Industry Trends Analysis Report By Sales Channel (Indirect Sales and Direct Sales), By Offering, By Technology (Electro Chromatic), By Installation Type, By Application, By Country and Growth Forecast, 2022 - 2028
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the LAMEA Smart Mirror Market
Market Report Description
The Latin America, Middle East and Africa Smart Mirror Market would witness market growth of 22.0% CAGR during the forecast period (2022-2028).
The vehicle's rear is equipped with a high-end camera that offers an unimpeded view of the rear flanks, enabling the driver to check for blind spots and certain other traffic conditions. The market for smart mirrors is expanding as a result of the additional features that smart mirrors have over conventional mirrors used in the automotive industry.
Companies are now putting a lot of effort into creating cutting-edge smart mirror systems to meet the expanding consumer demand for smart homes. To allow drivers to see a rear view on the mirror display, smart mirrors are largely used in varied driver assistance systems. Therefore, it is expected that increased customer adoption of these vehicles with driver assistance systems will fuel market expansion. The requirement for smart bathrooms & personalized kitchen mirrors is also being fueled by an increase in demand for smart housing facilities.
One of the fastest-growing industries in the UAE is the hospitality industry in Abu Dhabi. This growth is the result of both rising investments in the hospitality sector and an increase in the number of business people as well as entrepreneurs who are entering the market. The celebration of the new year and the commemoration of various international and national events attracted a large number of tourists to the region. The growing popularity of the hospitality industry and the demand for high-end dining options. Also, the region has a flourishing tourism industry. As a result of all this, the region has a large number of luxury hotels & restaurants. This would result in increasing the demand for smart mirrors across the region.
The Brazil market dominated the LAMEA Smart Mirror Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $153.8 million by 2028. The Argentina market would experience a CAGR of 22.6% during (2022 - 2028). Additionally, The UAE market is exhibiting a CAGR of 21.7% during (2022 - 2028).
Based on Sales Channel, the market is segmented into Indirect Sales and Direct Sales. Based on Offering, the market is segmented into Hardware (Displays, Cameras, Sensors, and Others), Software, and Services. Based on Technology, the market is segmented into Electro Chromatic and Others. Based on Installation Type, the market is segmented into Fixed and Free Style. Based on Application, the market is segmented into Automotive, Residential, Retail, Hospitality, Healthcare, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Smart Mirror Market is Predict to reach $6.6 Billion by 2028, at a CAGR of 15.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Murakami Corporation, Japan Display, Inc., Gentex Corporation, Magna International, Inc., Harman International Industries, Inc. (Samsung Electronics Co., Ltd.), Seura Solutions, ad notam AG, Dension Kft., Keonn Technologies, and Ficosa International, S.A.
Scope of the Study
Market Segments Covered in the Report:
By Sales Channel
- Indirect Sales
- Direct Sales
- Electro Chromatic
By Installation Type
- Free Style
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Murakami Corporation
- Japan Display, Inc.
- Gentex Corporation
- Magna International, Inc.
- Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
- Seura Solutions
- ad notam AG
- Dension Kft.
- Keonn Technologies
- Ficosa International, S.A.
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free