Categories: Market Research

Global Smart Mirror Market Size and Forecast 2023-2032| Perseus Mirrors, Samsung Electronics Co. Ltd., Electric mirror Inc., Japan Display Inc., Magna International Inc.

The Smart Mirror Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Smart Mirror Global Market Report 2024, The smart mirror market size has grown rapidly in recent years. It will grow from $3.26 billion in 2023 to $3.73 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to vanity and grooming trends, retail and fitting room experiences, growth in augmented reality (ar) and virtual reality (vr), adoption of smart home technology, retail and fashion industry applications..

The smart mirror market size is expected to see rapid growth in the next few years. It will grow to $6.21 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to personalized shopping experiences with smart mirrors, fitness and wellness monitoring in home mirrors, integration of ai for virtual try-ons, global expansion of smart home technology, healthcare and telehealth applications, augmented reality makeup and beauty guidance.. Major trends in the forecast period include smart mirrors with ai fashion stylists, biometric and facial recognition for personalization, interactive fitness and workout mirrors, smart mirrors for skin health and diagnostics, ar and vr integration for immersive experiences, eco-friendly and sustainable smart mirror materials..

The high demand for connected devices is expected to propel the growth of the smart mirrors market. Consumers have been keen to investigate the advantages of adding additional devices to the internet and how that may enhance their lives as technology has developed. The increasing demand for connected devices will increase the demand for smart mirrors and also improve functionality and features. According to IoT Analytics, a German-based Internet of Things (IoT) market insights and strategic business intelligence, in 2022, the internet of things is expected to grow to 14.4 billion active connections from 12.3 billion in 2021. Therefore, the high demand for connected devices drives the growth of smart mirrors.

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The smart mirror market covered in this report is segmented –

1) By Component: Hardware, Software, Services

2) By Type: Exterior Mirror, Interior Mirror

3) By Functionality: Connected, Non-Connected

4) By Feature: AR-Smart Mirror, Non AR-Smart Mirror

5) By Application: Automotive, Healthcare, Retail And Marketing, Consumer, Other Appplications

Technological advancement is a key trend gaining popularity in the smart mirror market. Major companies in the smart mirror market are advancing in their advanced technologies and integrating options such as fitness into their products. For instance, in July 2022, Portl, an India-based intelligent home mirror company, launched a smart mirror in India. The smart fitness mirror has an interactive fitness mirror with Wi-Fi, BlueTooth connectivity, HD cameras, and edge AI processing. These sensors instantly correct a user’s posture and shape. This indicates that the individual’s posture is adjusted when they perform their workouts in front of the smart mirror.

The smart mirror market report table of contents includes:

1. Executive Summary

2. Smart Mirror Market Characteristics

3. Smart Mirror Market Trends And Strategies

4. Smart Mirror Market – Macro Economic Scenario

5. Global Smart Mirror Market Size and Growth

26. South America Smart Mirror Market

27. Brazil Smart Mirror Market

28. Middle East Smart Mirror Market

29. Africa Smart Mirror Market

30. Smart Mirror Market Competitive Landscape And Company Profiles

Top Major Players: