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Smart Mirror Market Expected to Grow at 4.42 Billion In Revenue by 2023

04-23-2020 10:17 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

Smart Mirror Market Expected to Grow at 4.42 Billion In Revenue

According to Market Study Report, Smart Mirror Market provides a comprehensive analysis of the Smart Mirror Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape and emerging opportunities of global industry. This report also provides market landscape and market share information in the Smart Mirror Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Smart Mirror Market is expected to grow from USD 2.82 Billion by 2018 to USD 4.42 Billion by 2023, at a CAGR of 9.41% from 2018 to 2023. This report spread across 139 pages, profiling 10 companies and supported with 65 tables and 43 figures are now available in this research.

Top Key Players profiled in the Smart Mirror Market:
o Gentex (US)
o Magna (Canada)
o Electric Mirror (US)
o Seura (US)
o Murakami Kaimeido (Japan)
o Ficosa (Spain)
o ALKE (Belgium)
o Ad Notam (Germany)
o Dension (Hungary)
o Keonn (Spain)

"Market for hospitality and retail to grow at the highest CAGR from 2018 to 2023"
The market for the hospitality and retail application is expected to grow at the highest CAGR from 2018 to 2023. Smart mirrors are often used in the retail sector wherein retailers try to catch the interest of potential clients and encourage them for frequent or regular visits. Additionally, they can display useful information, ranging from price and size availability to the fabric used. The increasing adoption rate of smart mirrors in the hospitality and retail applications in North America and Europe is driving the market in these regions.

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"Automotive interior mirrors to hold larger share of market by 2018"
Interior mirrors, or inner rear-view mirrors, are mounted inside the vehicle, usually at the top of the windshield, allowing drivers to adjust them according to their height and viewing angle. Interior auto-dimming rear-view mirrors reduce glare by automatically darkening their surfaces, which results in the improved visibility for the driver. The interior auto/self-dimming mirrors are more often used in cars and light commercial vehicles.

"Automotive smart mirror market in APAC to grow at highest CAGR during 2018-2023"
The growth of the market in APAC can be attributed to the high vehicle production in China, Japan, India, and South Korea. The increasing demand for auto-dimming smart mirrors is creating huge growth opportunities for the smart mirror market in this region. The adoption of advanced technologies such as smart mirrors is projected to increase rapidly due to the increase in the production of luxury and premium cars in the Indian and Chinese automotive markets.

Breakdown of primary participants' profile:
o By Company Type: Tier 1--23%, Tier 2--32%, and Tier 3--45%
o By Designation: C-Level Executives--43%, Directors--27%, and Others--30%
o By Region: Americas--22%, Europe--43%, APAC--25%, and RoW--10%

Competitive Landscape of Smart Mirror Market
1 Introduction
2 Ranking of Top Market Players in Smart Mirror Market, 2017
3 Competitive Scenario & Trends
3.1 Product Launches & Developments, 2016-2017
3.2 Partnerships, Contracts, Agreements, Collaborations,& Expansions, 2015-2017
3.3 Mergers & Acquisitions, 2017

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Research Coverage:
This report covers the smart mirror market segmented into automotive, and hospitality and retail, and others, on the basis of application. The automotive smart mirror market is further segmented by type, functionality, and region. The hospitality and retail smart mirror market is sub segmented by component, technology, augmented reality, and region. However, the market for other applications is further segmented on the basis of component and region.

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