Press release
Smart Mirror Market Size, Share, Analysis, Trends And Strategies 2024-2033
Smart Mirror Market
As per the report, the smart mirror market size has grown rapidly in recent years. It will grow from $3.26 billion in 2023 to $3.73 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The smart mirror market size is expected to see rapid growth in the next few years. It will grow to $6.21 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%.
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Rising Demand For Connected Devices Fuels Growth In The Smart Mirrors Market
The high demand for connected devices is expected to propel the growth of the smart mirrors market. Consumers have been keen to investigate the advantages of adding additional devices to the internet and how that may enhance their lives as technology has developed. The increasing demand for connected devices will increase the demand for smart mirrors and also improve functionality and features. According to IoT Analytics, a German-based Internet of Things (IoT) market insights and strategic business intelligence, in 2022, the internet of things is expected to grow to 14.4 billion active connections from 12.3 billion in 2021. Therefore, the high demand for connected devices drives the growth of smart mirrors.
Technological Advancements And Integration Of Fitness Capabilities Drive Innovation In The Smart Mirror Market
Technological advancement is a key trend gaining popularity in the smart mirror market. Major companies in the smart mirror market are advancing in their advanced technologies and integrating options such as fitness into their products. For instance, in July 2022, Portl, an India-based intelligent home mirror company, launched a smart mirror in India. The smart fitness mirror has an interactive fitness mirror with Wi-Fi, BlueTooth connectivity, HD cameras, and edge AI processing. These sensors instantly correct a user's posture and shape. This indicates that the individual's posture is adjusted when they perform their workouts in front of the smart mirror.
The smart mirror market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Type: Exterior Mirror, Interior Mirror
3) By Functionality: Connected, Non-Connected
4) By Feature: AR-Smart Mirror, Non AR-Smart Mirror
5) By Application: Automotive, Healthcare, Retail And Marketing, Consumer, Other Appplications
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Major companies operating in the smart mirror market include Perseus Mirrors, Samsung Electronics Co. Ltd., Electric mirror Inc., Japan Dsiplay Inc., Magna International Inc., Ficosa Internacional SA, Blickfeld GmbH, Magic Fitness, Fiture Holding LLC., Mirror (Vaurum Labs), Arecor Ltd plc., Avegant Corp., Oak Labs, Dension Ltd., Panasonic Corporation, Space Micro Inc., Fusion Processing, PsyOmics Ltd., Gentex Corporation, Portl Technologies, Vercon Smart Mirror Factory, Murakami Kaimeido Kyushu Corp., Seura Solutions LLC., HiMirror Inc., MirroCool Inc., HILO Smart Mirror Inc., Memomi Labs Inc., Perch Interactive Inc., SmartSpot Inc., Smart Mirrors Solutions LLC
Contents of the report:
1. Executive Summary
2. Smart Mirror Market Report Structure
3. Smart Mirror Market Trends And Strategies
4. Smart Mirror Market - Macro Economic Scenario
5. Smart Mirror Market Size And Growth
…..
27. Smart Mirror Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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