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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