Smart Mirror Market CAGR of 12.8% by 2027 | Top Key Players - Panasonic Corporation, Tech2O, Magna International Inc., Evervue

New Research Study "Smart Mirror" a New Report from Coherent Market Insights, evaluates the competitive landscape and predicts for future growth. The Smart Mirror market study for the 2022–2027

The global Smart Mirror was accounted for US$ 641.0 Mn in terms of value and 2,337 Thousand Units in terms of volume in 2019 and is expected to grow at CAGR of 12.8% for the period 2020-2027.

The smart mirror can change the lighting in the changing room in a variety of ways, allowing the user to see how everything looks in varied settings. Users can also contribute fresh modified photographs to our existing images, which can then be viewed on the mirror interactively. The virtual model projected on the mirrors moves in real-time and is displayed in a 360-degree view, allowing users to move and observe the dress from various angles. The mirror serves as a shopping companion, displaying alternatives in various colours and sizes accessible in the store. Smart mirrors can also suggest other goods based on the items selected by the customer.

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The growing number of garment showrooms around the world is the primary reason propelling the global smart mirror market forward. Clothing stores and brands are rapidly expanding, particularly in developing countries such as China and India. Reliance Industries Limited, for example, states that its fashion line Reliance Trends has one of the biggest numbers of outlets in India, with over 330. Pantaloons, Aditya Birla Fashion and Retail's garment line, is located in 51 cities across the country, and is ranked second. Furthermore, the world's expanding investment in artificial intelligence and smart learning is assisting the global smart mirror market's expansion.

Drivers & Trends -

Smart mirrors' application field is expanding due to advancements and new product additions. It is currently employed in the embryonic stage in modern trade, for example. In order to stay competitive in the market, many online platforms are introducing smart mirrors. Furthermore, to attract customers and increase sales, modern retailers are placing smart mirrors in their establishments. In order to give its consumers with a safe and convenient driving experience, a lot of car manufacturers are incorporating smart mirrors into their vehicles. Apart from the automotive and retail industries, smart mirrors are also being used in the healthcare industry and will be in the near future. As a result, these factors are projected to drive the worldwide smart mirror market forward in the coming years.

COVID-19 Impact Analysis -

Although the majority of markets witnessed a negative impact due to the COVID-19 pandemic, the Smart Mirror market has witnessed significant traction. As many enterprises are shifting towards cloud computing, the adoption of Smart Mirror is rapidly increasing. The primary purpose of Smart Mirror is to bring storage, compute, and network services closer to endpoints and also to improve overall application performance. Smart Mirror enabled doctors to deliver care to remote areas where connectivity may not be adequate and skilled healthcare personnel may not be available.

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Competitive Section

· Panasonic Corporation
· Gentex Corporation
· Samsung Electronics Co. Ltd.
· Magna International Inc.
· Tech2O
· Pro Display
· ad notam AG
· Evervue
· Murakami Kaimeido
· Perseus Mirrors

Segments covered: -

By Component

· Displays
· Camera
· Sensors
· Others
· Mic, Speaker, Other communication devices

By Application

· Automotive
· Consumer & Residential
· Healthcare
· Retail Sector & advertising

Fastest Growing Regional Analysis -

Geographically, the Smart Mirror market is separated into regions such as North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The research covers all from manufacturing and customer shares to market size and market share, import and export ratios, supply and demand, consumer demand ratios, technological improvements, R&D, organization growth, economic growth, and a strong market presence in every region. The report covers a detailed analysis for each major regional market across the globe and provides future outlook predictions for the same.

· North America
· Europe
· Asia-Pacific
· Latin America
· Middle East
· Africa

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Further in the Smart Mirror Market research reports, following points are included along with in-depth study of each point:

Production Analysis – Production of the Smart Mirror is analyzed with respect to different regions, types and applications. Here, price analysis of various Smart Mirror Market key players is also covered.

Sales and Revenue Analysis – Both, sales and revenue are studied for the different regions of the Smart Mirror Market. Another major aspect, price, which plays important part in the revenue generation, is also assessed in this section for the various regions.

Supply and Consumption – In continuation with sales, this section studies supply and consumption for the Smart Mirror Market. This part also sheds light on the gap between supple and consumption. Import and export figures are also given in this part.

Competitors – In this section, various Smart Mirror industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost and revenue.

Other analyses – Apart from the aforementioned information, trade and distribution analysis for the Smart Mirror Market, contact information of major manufacturers, suppliers and key consumers is also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.

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Coherent Market Insights -

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This release was published on openPR.