Pune, India -- (SBWire) -- 07/26/2018 --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).
Key Players
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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Segments:
Smart Mirrors Market for segment on the basis of by output, technology and end-user.
Smart Mirrors Market by Component:
- Sensors
- Camera
- Displays
- Audio Systems
- Others
Smart Mirrors Market by Technology:
- Electro Chromic Technology
- Self-dimming Technology
- Self-Cleaning Mirrors
- Self-Repairing Mirrors
- Others
Smart Mirrors Market by End-User:
- Retail
- Healthcare
- Consumer and Household
- Automotive
- Others
Regional Analysis:
The regional analysis of smart mirrors market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America region is dominating the smart mirrors market followed by Europe region. North America region possess highest market share due to advancement in smart technology and increased adoption of smart mirrors in shopping mall, hotels and automotive sector is fostering the market growth in the region. Asia-Pacific region is expected to be fastest growing market as growing retail, healthcare and increased adoption of smart home technology is driving growth of the smart mirrors market.
Smart Mirrors Global Market - Competitive Analysis
The Market of Smart Mirrors appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on latest technology and, most of all, in acquiring other firms. Prominent vendors of Smart Mirrors targeting to invest more in technology and research and development activities to innovate their already existing products. The rising government funding is also expected to motivate key companies to invent new Smart Mirrors modules that match the changing trends and needs across the globe. These players possess a strong sales and distribution network which have helped them to gain leadership position in the market. An ever-increasing emphasis has been observed among Smart Mirrors industry marketers on inbound lead generation over branding-oriented efforts.
Industry News:
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.
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Intended Audience
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
- Original Equipment Manufacturers
- Automotive Manufacturers
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Smart Mirrors Market 2018: Gross Margin Analysis, Global Opportunities, Latest Innovations, Future Trends, Competitive Landscape and Industry Expansion Strategies 2023