Pune, India -- (SBWire) -- 04/11/2018 --Market Scenario:
Smart mirrors is defined as a mirror with distinct features and functions with the aim of integrating capability that can be done manually or in a system other than mirror. Smart technologies has powerful impact on mirrors, this technology can be implemented on any kind of mirror by adding functions in one of the two ways that includes adding layer of smart coatings or embedding electronic s into the mirror.
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. The study also indicates other significant drivers of Smart Mirrors Market such as increased investment on R&D department and smart technology penetration which is fueling the market growth. According to the study, the opportunities in the smart mirrors market that is boosting the market growth includes integrating organic light emitting diode in smart mirrors and increased adoption of smart mirrors in elevators, hotels and public restrooms. By component segment, sensors is witnessing highest market share in smart mirrors market.
The segmentation of smart mirrors market is done on the basis of component, technology and end-user. By technology it is bifurcated into electro chromic technology, self-dimming technology, self-cleaning mirrors and self-repairing mirrors. Implementation of self-dimming technology in mirrors plays a major role in safe driving accessory. This mirrors automatically goes into night mode if it sense bright light. Self-dimming mirrors enable users by providing steady vision during night travelling, detect glare and automatically faint down to protect drivers vision and major advantage of this mirror is that, it is available in numerous shape and sizes and users can choose anyone of them that suits their vehicle.
The smart mirrors management market is expected to grow at approximately USD 1057 Million by 2023, at 12% of CAGR between 2018 and 2023.
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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.
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).
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.
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
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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
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Smart Mirrors Market Size, Emerging Technologies, Key Players Analysis, Regional Trends, Competitive Landscape, Opportunities, Future Plans and Outlook 2023
Market Research Future published a research report on “Smart Mirrors Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.