Smart Mirrors Global Market – Overview
The global Smart Mirrors market is growing with the rapid pace is mainly due to increased adoption of smart home technology, integrating organic light emitting diode in smart mirrors and increased adoption of smart mirrors in elevators, hotels and public restrooms, which is propelling the Smart Mirrors Market growth to the large extent. The increased demand for smart mirrors in shopping mall and outlets and government implementation of camera display mirrors in light motor vehicles in some countries is driving the smart mirrors market. According to a recent study report published by the Market Research Future, The global market of Smart Mirrors is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2023).
The prominent players in the smart mirrors market are – Gentex Corporation (U.S.), Magna International Inc. (Canada), ACEP France SAS (France), Panasonic Corporation (Japan), Seura Solutions (U.S.), Samsung Electronics Co., Ltd. (South Korea), Keonn Technologies (Spain), Mirrus Corporation Inc. (U.S.), Perseus Mirrors (U.S.), Electric Mirror, LLC (U.S.), among others.
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Jan 11, 2018 – Gentex Corporation, a leading provider of smart mirrors and automotive electronics, went into an agreement with Fingerprint, a world-leading biometrics company, to bring iris-scanning technology to the automotive industry.
Jan 3, 2018 – Gentex Corporation has launched its new rear vision technologies, automotive biometrics and vehicle connectivity features at the consumer electronics.
September 6, 2018 – Séura, a designer technology company, has introduced smart mirrors to transforms the bathroom into a personalized smart hub within the connected home.
01 May 2018 – Panasonic Corporation and International Business Machines Corporation had announced to work together to provide digital concierge service to their customer in order to enhance their experiences and expectations while traveling.
Smart Mirrors Global Market – Segmentation
The Smart Mirrors Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation by Components: Comprises Sensors, Camera, Displays, Audio Systems among others.
- Segmentation by Technology: Comprises Electro Chromic Technology, Self-dimming Technology, Self-Cleaning Mirrors, Self-Repairing Mirrors and others.
- Segmentation by End Users: Comprises Retail, Healthcare, Consumer and Household, Automotive among others
Smart Mirrors Global Market – Regional Analysis
North America is dominating the global smart mirrors market with the largest market share due to increased adoption of smart mirrors in shopping mall, hotels and automotive sector, which is gaining demand in smart mirrors market in these region, and is expected to gain growth by 2023. Global smart mirrors market in European market is expected to grow at a substantial high CAGR during 2016 to 2023 due to advancement in smart technology. The Asia Pacific market for smart mirrors market is expected to grow at a considerable CAGR (2016-2023).
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