Smart Mirror Market: Overview
Any highly functional
mirror can be a smart mirror. Smart mirror technologies include self-dimming
capability, as well as self-cleaning and self-repairing ability with the layers
of different smart materials. Embedded electronics including cameras, displays
and sensors are also the parts of smart mirror
technologies as they help in converting a simple mirror into an electronic
device. Smart mirrors can be used in various applications such as advertising,
healthcare, consumer, and automotive. Digital smart mirrors are significantly
gaining momentum due to various factors such as design/style,
comfort/convenience and safety.
The focus on enhanced
road safety drives the demand for incorporating new electronic functionalities
to the automotive mirrors. Activated light sensors, and electrochromic
self-dimming smart mirrors have significantly improved road safety by
increasing response times as well as reducing driver fatigue.
Major
Key Players of the Smart Mirror Market are:
Gentex Corporation, Magna International Inc., ACEP
France SA, Panasonic Corporation, Seura Solutions, Samsung Electronics,
Dension, Keonn Technologies, S.L. and Mirrus Corporation.
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Smart Mirror
Market: Trends
Smart mirrors are also
anticipated to have a potential market in retail and advertising sectors. The
use of these mirrors is in trial stage in certain places such as in elevators,
public restrooms, hotels or office lobbies, and so on. For instance, in January
2011, Clear Channel Airports (CCA) and Mirrus Corporation collaborated on a
pilot program of deploying 150 smart mirrors with advertising displays in all
restrooms at the Chicago O'Hare airport. Moreover, smart mirrors have the
capability to increase sales in retail sector, mainly in dressing rooms. The
combination of mirrors with RFID and display technology can be helpful in
displaying vital information and user-specific suggestions hence increasing the
sales.
The smart digital
mirrors are anticipated to gain a considerable market share in healthcare
applications, in both residential and professional settings. Smart mirror
technologies can improve patient care and compliance, thus reducing healthcare
expenses in certain cases. Smart mirrors can deliver patient-specific
information such as real-time human body statistics (heart rate, body
temperature, and blood pressure) and prescription reminders. The information
which is provided by the camera in form of an image can be used for diagnostic
purposes as well as for determining appropriate treatment.
Our key underpinning
is the 4-Quadrant Framework EIRS that offers detailed visualization of four
elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all
the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to
evaluate the current and future growth prospects, untapped avenues, factors
shaping their revenue potential, and demand and consumption patterns in the
global market by breaking it into region-wise assessment.
The following regional
segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant
framework in the report sums up our wide spectrum of data-driven research and
advisory for CXOs to help them make better decisions for their businesses and
stay as leaders.
Research
objectives:-
– To study and analyze the global Smart
Mirror consumption (value & volume) by key regions/countries, product type
and application, history data.
– To understand the structure of the Smart Mirror market by identifying its
various sub-segments.
– Focuses on the key global Smart Mirror manufacturers, to define, describe and
analyze the sales volume, value, market share, market competitive landscape,
SWOT analysis, and development plans in the next few years.
– To analyze the Smart Mirror with respect to individual growth trends, future
prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of
the market (growth potential, opportunities, drivers, industry-specific
challenges and risks).
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In the end, Smart Mirror industry report
specifics the major regions, market scenarios with the product price, volume,
supply, revenue, production, and market growth rate, demand, forecast and so
on. This report also presents SWOT analysis, investment feasibility analysis,
and investment return analysis.
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