Smart Mirrors Market 2018 by Global Leaders: Gentex, Magna International, ACEP France SAS, Panasonic, Seura Solutions, Samsung Electronics, Keonn Technologies, Mirrus, Perseus Mirrors, Electric Mirror

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.

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).

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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, 2017 - Gentex Corporation has launched its new rear vision technologies, automotive biometrics and vehicle connectivity features at the consumer electronics.

September 6, 2017 – Séura, a designer technology company, has introduced smart mirrors to transforms the bathroom into a personalized smart hub within the connected home.

01 May 2017 - 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.

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.

Smart Mirrors Global Market - Segmentation

The Smart Mirrors Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

• Segmentation by Components: Comprises Sensors, Camera, Displays, Audio Systems among others.
• Segmentation by Technology : Comprises Electro Chromic Technology, Self-dimming Technology, Self-Cleaning Mirrors, Self-Repairing Mirrors and others.
• Segmentation by End Users: Comprises Retail, Healthcare, Consumer and Household, Automotive among others
• Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

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).

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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.

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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