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(IT-NEWSWIRE.COM, March 08, 2018 ) A smart mirror is an innovative technology that enables the user to access smartphone like features on a basic mirror. These smart mirrors are embedded with several electronic components such as displays, sensors, etc. which enhance the user's experience.
The global smart mirror market is anticipated to expand at an astonishing compound annual growth rate (CAGR) of 12.83%.
Regionally, with USD 165 Million, Europe held the top rank in the global smart mirror market in 2015. Hiked motor vehicle production (19% of global motor vehicle production) in 2014 and a continuous rise in coming years to propel the smart mirror market in Europe. As a result, Europe's smart mirror market is anticipated to expand at a modest compound annual growth rate (CAGR) over the forecast period.
However, North America is expected to experience the highest growth in the smart mirror market followed by the Asia-Pacific over the forecast period. Better GDP figures, promising trade balance, flourishing economies and continuous expansion in personal disposable income in Asia-Pacific region, especially in India & China, is likely to escalate the smart mirror market in the region.
On the basis of applications, the smart mirror market is segmented into automotive, retail and advertising, consumer and residential and healthcare. Among these, automotive sector at 80% share in 2021 is forecasted to have the largest share of smart mirrors during 2015-2021.
The smart mirror market is further divided on the basis of components as displays, sensors, cameras and others. Since, smart mirror is mainly driven by the sensors and related technology therefore the global smart mirror sensors market is projected to witness the highest compound annual growth rate (CAGR) of 15.63% during the covered forecast period.
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Increasing light vehicle productions, growth in residential construction, etc. are some of the factors that are expected to drive the global smart mirror market in coming 5-6 years.
However, factors such as high cost and lack of awareness about the smart mirrors are likely to pose a major threat for the global smart mirror market growth during the forecast period i.e. 2015-2021.
Table of Contents:
1. List of Figures
2. List of Tables
3. Executive Summary
4. Research Methodology
5. Global Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
6. Global Smart Mirror Market Trend Analysis
7. Market Dynamics
7.1 Growth Drivers
7.1.1 Growth in the Automobile Sector
7.1.1.1 Impact Analysis
7.1.2 Increase in Residential Building Construction
7.1.2.1 Impact Analysis
7.1.3 Rising Demand from Retail Sector
7.1.3.1 Impact Analysis
7.1.4 Increasing Innovation in Smart Mirror Technology
7.1.4.1 Impact Analysis
7.2 Restraints
7.2.1 High Cost of Smart Mirrors
7.2.1.1 Impact Analysis
7.2.2 Lack of awareness
7.2.2.1 Impact Analysis
7.2.3 Safety Issues on Use of Smart Mirrors in Dressing Rooms
7.2.3.1 Impact Analysis
8. North America Smart Mirror Market Outlook
8.1 North America Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
8.1.1 U.S. Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
8.1.2 Canada Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
8.2 North America Year-on-Year (Y-O-Y) Growth Rate Comparisons- By Country
8.3 North America Market Attractiveness- By Country
8.4 North America Smart Mirror Market BPS Analysis
9. Latin America Smart Mirror Market Outlook
9.1 Latin America Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth, 2015-2021
10. Europe Smart Mirror Market Outlook
10.1 Europe Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
10.1.1 Western Europe Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
10.1.1.1 U.K. Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
10.1.1.2 Germany Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
10.1.1.3 Italy Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
10.1.1.4 France Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
10.1.1.5 Spain Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
10.1.1.6 Hungary Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
10.1.1.7 Benelux Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
10.1.2 Western Europe Year-on-Year (Y-O-Y) Growth Rate Comparisons- By Country
10.1.3 Western Europe Market Attractiveness-By Country
10.1.4 Western Europe BPS Analysis
10.1.5 Eastern Europe Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
10.1.5. Russia Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
10.1.5.2 Poland Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 70
10.1.5.3 Rest of Eastern Europe Smart Mirror Market Size and Year-on-Year (y-O-Y) Growth Rate, 2015-2021
10.1.6 Eastern Europe Year-on-Year (Y-O-Y) Growth Rate Comparisons-By Country
10.1.7 Eastern Europe Market Attractiveness-By Country
10.1.8 Eastern Europe Smart Mirror BPS Analysis
11. Asia-Pacific Smart Mirror Market Outlook
11.1 Asia Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
11.1.1 China Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
11.1.2 India Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
11.1.3 Japan Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
11.1.4 Rest of Asia (ROA) Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
11.2 Asia-Pacific Year-on-Year (Y-O-Y) Growth Rate Comparisons-By Country
11.3 Asia-Pacific Market Attractiveness -By Country
11.4 Asia-Pacific BPS Analysis
12. MENA Smart Mirror Market Outlook
12.1 MENA Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
13. Global Smart Mirror Market Segmentation-By Component
13.1 Global Smart Mirror Sensors Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
13.2 Global Smart Mirror Displays Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
13.3 Global Smart Mirror Camera Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
13.4 Global Smart Mirror Other Components Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
13.5 Year-on-Year (Y-O-Y) Growth Rate Comparison-By Components
13.6 Market Attractiveness- By Components
14. Global Smart Mirror Market Segmentation-By Application
14.1 Global Automotive Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
14.1.1 Global Automotive Smart Mirror (LCD/Camera) with Mirror Mode Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
14.1.2 Global Automotive Smart Mirror (LCD/Camera) without Mirror Mode Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
14.2 Global Retail & Advertising Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
14.3 Global Healthcare Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
14.4 Global Consumer & Residential Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021
14.5 Year-on-Year (Y-O-Y) Growth Rate Comparisons-By Application
14.6 Market Attractiveness- By Applications
15. Porter's Five Force Model Analysis
15.1 New Entrants- Low to Medium
15.2 Suppliers Bargaining Power- Medium to High
15.3 Buyers Bargaining Power- Low
15.4 Substitute Threat- Low
16. Risk Analysis
16.1 Supply Risk - Medium
16.2 Demand Risk - Medium
17. Competitive Landscape
17.1 Samsung Electronics Co., Ltd.
17.1.1 Company Overview
17.1.2 Products and Services
17.1.3 Key Financials
17.1.4 Recent News and Developments
17.2 Panasonic Corporation
17.2.1 Company Overview
17.2.2 Products and services
17.2.3 Key Financials
17.2.4 Recent News and Development
17.3 Asahi Glass Co. Ltd.
17.3.1 Company Overview
17.3.2 Products and Services
17.3.3 Key Financials
17.3.4 Recent news and developments
17.4 LG Electronics
17.4.1 Company Overview
17.4.2 Products and services
17.4.3 Key Financials
17.4.4 Recent News & Developments
17.5 Toshiba Corporation
17.5.1 Company Overview
17.5.2 Products and Services
17.5.3 Key Financials
17.5.4 Recent news & developments
17.6 Gentex Corporation
17.6.1 Company Overview
17.6.2 Products and services
17.6.3 Key Financials
17.6.4 Recent news & developments
17.7 Magna International Inc.
17.7.1 Company Overview
17.7.2 Products and services
17.7.3 Key Financials
17.7.4 Recent news & developments
17.8 Seura
17.8.1 Company Overview
17.8.2 Products and services
17.8.3 Recent news & developments
17.9 Keonn Technologies
17.9.1 Company Overview
17.9.2 Products and services
17.9.3 Recent news & developments
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Source: EmailWire.Com 
Source: EmailWire.com
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