Global Market Study on Smart Mirrors: Automotive and Lifestyle Industry to Drive Demand Growth

Report Highlights

Smart Mirror Market: Report Scope

The report on the global smart mirrors market details industry analysis of 2016 to 2020, and provides forecasts for the market for the years 2021 to 2031.

Smart mirrors are highly functional advanced mirrors manufactured by integration of embedded electronics such as displays, cameras, and sensors. Smart mirrors offer an array of features such as Internet connectivity and some products offer touchscreen option.

Vast scope for embedded electronics smart mirrors exists in various applications such as automotive, healthcare and medical, and retail sectors, for commercial and residential consumers, and advertising purposes. Especially in the automotive sector, the smart mirror is gaining popularity across developed regions and is gaining traction in developing regions as well.

In automobile applications, smart mirrors are replacing rear-view and side-view mirrors (wing fender mirror) and offer enhanced safety and security features as compared to conventional mirrors.

This report covers the global smart mirror market performance in terms of value and volume contribution. This section also includes Persistence Market Research analysis of key trends, drivers, restraints, challenges, and opportunities, which are influencing the global smart mirror market.

Impact analysis of key growth drivers and restraints, based on the weighted average model, is included in this report to better equip clients with crystal clear decision-making insights.

The global smart mirror market is being driven by factors such as increasing demand for the smart mirror in major shopping outlets & malls and government regulations mandating installation of ‘camera display mirrors’ in light motor vehicles in some countries across the globe.

Also, increasing popularity of smart mirror among individuals is due to highly busy work schedules, changing lifestyle, and increasing affluent population, mostly in countries in developed regions of the world. This, in turn, is fueling the growth of the smart mirror market.

However, factors such as high implementation cost of the smart mirror and low and lack of awareness among people regarding smart mirror technology are expected to deter market growth.