The Global Smart Mirror Market will Hit $6.6 Billion by 2028, at a CAGR of 15.8%

Published Date: 30-Sep-2022

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Smart Mirror Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Smart Mirror Market size is expected to reach $6.6 billion by 2028, rising at a market growth of 15.8% CAGR during the forecast period.

The Direct Sales market is showcasing a CAGR of 17.9% during (2022 - 2028). This is because of how goods and services are promoted to consumers, direct selling stands out among retail channels. There is a significant distinction between the direct selling channel and general retail. Direct selling businesses maintain a salesforce of millions of independent workers rather than relying on conventional retail locations or online marketplaces.

The Hardware market acquired the highest revenue share in the Global Smart Mirror Market by Offering in 2021, thereby, achieving a market value of $3.4 billion by 2028. Customers can use the smart mirror to try on new clothing, check the sizes or types of clothing in a store, and share details about the tried-on clothing on social media platforms. Furthermore, smart rear-view mirrors are being used more frequently to improve auto safety and simplify camera systems.

The Others market has shown the growth rate of 19.1% during (2022 - 2028). A lot of technology is used in the construction of smart mirrors, including LED lighting, temperature sensors, LCD displays for information, internet connections, touch capabilities, and operating systems. The ability to display helpful information without the need to open apps or take any other action is one of the smart mirror's biggest advantages.

The Fixed market is generating the high revenue in the Global Smart Mirror Market by Installation Type in 2021, thereby, achieving a market value of $4.5 billion by 2028. This type of smart mirror has features including a touch screen, LED lighting, motion sensors, and facial recognition. These features and various other benefits of fixed smart mirrors are leading to market growth for smart mirrors in this segment during the forecast period.

The Residential market is growing at a CAGR of 16.8% during (2022 - 2028). In the residential sector, it can be utilized as a part of a smart home to recognize people, communicate with them, and learn their habits. Also, the smart mirrors are being largely deployed in smart bathrooms which are rising the demand for residential use and thus supporting the market growth for smart mirrors in this segment over the forecast period.

The Europe market dominated the Global Smart Mirror Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.1 billion by 2028. The North America market is generating a CAGR of 15.1% during (2022 - 2028). Additionally, The Asia Pacific market would grow at a CAGR of 16.7% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/smart-mirror-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.

Global Smart Mirror Market Segmentation

By Sales Channel

  • Indirect Sales
  • Direct Sales

By Offering

  • Hardware
    • Displays
    • Cameras
    • Sensors
    • Others
  • Software
  • Services

By Technology

  • Electro Chromatic
  • Others

By Installation Type

  • Fixed
  • Free Style

By Application

  • Automotive
  • Residential
  • Retail
  • Hospitality
  • Healthcare
  • Others

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • 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

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  • Assured post sales research support with 10% customization free

Related Reports:

North America Smart Mirror Market size & Opportunities 2022-2028

Europe Smart Mirror Market & Growth Forecast 2022-2028

Asia Pacific Smart Mirror Market Share & Industry Outlook to 2028

LAMEA Smart Mirror Market Growth, Trends & Forecasts 2022-2028

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