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Global Smart-Mirror Market Outlook 2021

  • WGR490493
  • 1 April, 2016
  • Global
  • 156 pages
  • Research Nester

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.

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


1. List of Figures

Figure 3- 1: Global Smart Mirror Market Size (USD Million), 2015-2021
Figure 5- 1: Global Smart Mirror Market Size (USD Million), 2015-2021
Figure 5- 2: Global Hotel Industry Revenue, 2009-2016
Figure 5- 3: Global Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 8- 1: North America Smart Mirror Market Size (USD Million), 2015-2021
Figure 8- 2: North America Light Vehicle Production Outlook (In Million Units), 2014-2020
Figure 8- 3: North America Smart Mirror Market Y-O-Y Growth (%), 2015-2021
Figure 8- 4: The U.S. Smart Mirror Market Size (USD Million), 2015-2021
Figure 8- 5: The U.S. Motor Vehicle Production in (In Million Units), 2013-2016
Figure 8- 6: U.S. Smart Mirror Market Y-O-Y Growth (%), 2015-2021
Figure 8- 7: Canada Smart Mirror Market Size (USD Million), 2015-2021
Figure 8- 8: Canada Motor Vehicle sales (In Thousands of Units), 2013-2016
Figure 8- 9: Canada Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 8- 10: North America Year-on-Year (Y-O-Y) Growth Rate Comparisons, 2015-2021
Figure 8- 11: North America Smart Mirror Market Attractiveness-By Country
Figure 8- 12: North America Smart Mirror Market BPS Analysis
Figure 9- 1: Latin America Smart Mirror Market Size (USD Million)
Figure 9- 2: Latin America GDP (USD Trillion) Forecast, 2010-2025
Figure 9- 3: Latin America Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 10- 1: Europe Smart Mirror Market Size (USD Million)
Figure 10- 2: Europe New Residential Construction Growth Rate (%), 2014-2020
Figure 10- 3: Europe Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 10- 4: Western Europe Smart Mirror Market Size (USD Million)
Figure 10- 5: Western Europe Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 10- 6: U.K. Smart Mirror Market Size (USD Million), 2015-2021
Figure 10- 7: U.K. Construction Market Growth Rate (%), 2017-2020
Figure 10- 8: U.K. Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 10- 9: Germany Smart Mirror Market Size (USD Million), 2015-2021
Figure 10- 10: Germany Construction Market Growth Rate (%), 2016-2020
Figure 10- 11: Germany Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 10- 12: Italy Smart Mirror Market Size (USD Million), 2015-2021
Figure 10- 13: Italy Construction Market Growth Rate (%), 2015-2020
Figure 10- 14: Italy Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 10- 15: France Smart Mirror Market Size (USD Million), 2015-2021
Figure 10- 16: France Construction Market Growth Rate (%), 2016-2020
Figure 10- 17: France Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 10- 18: Spain Smart Mirror Market Size (USD Million), 2015-2021
Figure 10- 19: Spain Construction Market Growth Rate (%), 2015-2020
Figure 10- 20: Spain Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 10- 21: Hungary Smart Mirror Market Size (USD Million)
Figure 10- 22: Hungary Construction Market Growth Rate (%), 2016-2020
Figure 10- 23: Hungary Smart Mirror Market Y-O-Y Growth
Figure 10- 24: Benelux Smart Mirror Market Size (USD Million)
Figure 10- 25: Belgium and Netherland Construction Market Growth Rate (%)
Figure 10- 26: Benelux Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 10- 27: Western Europe Year-on-Year (Y-O-Y) Growth Rate Comparisons
Figure 10- 28: Western Europe Smart Mirror Market Attractiveness-By Country
Figure 10- 29: Western Europe Smart Mirror Market BPS Analysis
Figure 10- 30: Eastern Europe Smart Mirror Market Size (USD Million)
Figure 10- 31: Eastern Europe Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 10- 32: Russia Smart Mirror Market Size (USD Million), 2015-2021
Figure 10- 33: Russia GDP Growth Rate (%), 2017-2020
Figure 10- 34: Russia Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 10- 35: Poland Smart Mirror Market Size (USD Million), 2015-2021
Figure 10- 36: Poland GDP (USD Billion) Growth forecast, 2015-2020
Figure 10- 37: Poland Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 10- 38: Rest of Europe Smart Mirror Market Size (USD Million), 2015-2021
Figure 10- 39: Rest of Europe Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 10- 40: Eastern Europe Year-on-Year (Y-O-Y) Growth Rate Comparisons, 2015-2021
Figure 10- 41: Eastern Europe Smart Mirror Market Attractiveness-By Country
Figure 10- 42: Eastern Europe Smart Mirror Market BPS Analysis
Figure 11- 1: Asia Smart Mirror Market Size (USD Million), 2015-2021
Figure 11- 2: Asia-Pacific Retail Sales Volume Growth (% Per Annum), 2014-2018
Figure 11- 3: Asia Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 11- 4: China Smart Mirror Market Size (USD Million), 2015-2021
Figure 11- 5: China Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 11- 6: India Smart Mirror Market Size (USD Million), 2015-2021
Figure 11- 7: India Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 11- 8: Japan Smart Mirror Market Size (USD Million), 2015-2021
Figure 11- 9: Japan Smart Mirror Market Y-O-Y Growth, 2015-2021
Figure 11- 10: Rest of Asia (ROA) Smart Mirror Market Size (USD Million)
Figure 11- 11: Rest of Asia (ROA) Smart Mirror Market Y-O-Y Growth
Figure 11- 12: Asia-Pacific Year-on-Year (Y-O-Y) Growth Rate Comparisons
Figure 11- 13: Asia-Pacific Smart Mirror Market Attractiveness-By Country
Figure 11- 14: Asia-Pacific Smart Mirror Market BPS Analysis
Figure 12- 1: MENA Smart Mirror Market Size (USD Million), 2015-2021
Figure 13- 1: Global Smart Mirror Sensors Market Size (USD Million)
Figure 13- 2: Global Smart Mirror Sensors Market Y-O-Y Growth, 2015-2021
Figure 13- 3: Global Smart Mirror Displays Market Size (USD Million)
Figure 13- 4: Global Smart Mirror Displays Market Y-O-Y Growth
Figure 13- 5: Global Smart Mirror Cameras Market Size (USD Million)
Figure 13- 6: Global Smart Mirror Cameras Market Y-O-Y Growth
Figure 13- 7: Global Smart Mirror Other Components Market Size (USD Million)
Figure 13- 8: Global Smart Mirror Other Components Market Y-O-Y Growth
Figure 13- 9: Year-on-Year (Y-O-Y) Growth Rate Comparisons-By Components
Figure 13- 10: Global Smart Mirror Market Attractiveness- By Components
Figure 14- 1: Global Automotive Smart Mirror Market Size (USD Million),
Figure 14- 2: Global Vehicle Production (in million units) Forecast
Figure 14- 3: Global Automotive Smart Mirror Market Y-OY Growth, 2015-2021
Figure 14- 4: Automotive Smart Mirror with Mirror Mode Market Size (USD Million), 2015-2021
Figure 14- 5: Automotive Smart Mirror without Mirror Mode Market Y-OY Growth
Figure 14- 6: Automotive Smart Mirror without Mirror Mode Market Size (USD Million), 2015-2021
Figure 14- 7: Automotive Smart Mirror without Mirror Mode Market Y-OY Growth
Figure 14- 8: Global Retail & Advertising Smart Mirror Market Size (USD Million)
Figure 14- 9: Global Retail Sales Growth (%) Forecast, 2014-2018
Figure 14- 10: Global Retail & Advertising Smart Mirror Market Y-OY Growth
Figure 14- 11: Global Healthcare Smart Mirror Market Size (USD Million)
Figure 14- 12: Global Healthcare Smart Mirror Market Y-OY Growth
Figure 14- 13: Global Consumer & Residential Smart Mirror Market Size (USD Million), 2015-2021
Figure 14- 14: Global Consumer & Residential Smart Mirror Market Y-OY Growth
Figure 14- 15: Year-on-Year (Y-O-Y) Growth Rate Comparison-By Application
Figure 14- 16: Global Smart Mirror Market Attractiveness- By Applications
Figure 15- 1: Porter`s Five Force Model, 2016
Figure 17- 1: Samsung Electronics- Revenue (USD Million), 2012-2014
Figure 17- 3: Panasonic Corporation- Revenue (USD Million), 2013-2015
Figure 17- 5: AGC Group - Revenue (USD Million), 2012-2014
Figure 17- 9: LG Electronics - Revenue (USD Million), 2012-2014
Figure 17- 13: Toshiba Corporation- Revenue (USD Million), 2013-2015
Figure 17- 16: Gentex Corporation- Revenue (USD Million), 2012-2014
Figure 17- 19: Magna International- Revenue (USD Million), 2012-2014


2. List of Tables

Table 17- 1: Samsung Electronics- Key Financials (USD Million), 2013-2014
Table 17- 2: Panasonic Corporation- Key Financials (USD Million), 2014-2015
Table 17- 3: AGC Group – Key Financials (USD Million), 2013-2014
Table 17- 4: AGC Group – Revenue by Region (USD Million), 2012-2014
Table 17- 5: AGC Group – Sales by Product (USD Million), 2012-2014
Table 17- 6: LG Electronics – Key Financials (USD Million), 2013-2014
Table 17- 7: LG Electronics – Revenue by Region (USD Million), 2012-2014
Table 17- 8: LG Electronics – Revenue by Product Segment (USD Million), 2012-2014
Table 17- 9: Toshiba Corporation- Key Financials (USD Million), 2014-2015
Table 17- 10: Toshiba Corporation- Revenue by Region (USD Million), 2012-2014
Table 17- 11: Gentex Corporation- Key Financials (USD Million), 2013-2014
Table 17- 12: Gentex Corporation- Revenue by Region (USD Million), 2012-2014
Table 17- 13: Magna International- Key Financials (USD Million), 2013-2014 149
Table 17- 14: Magna International- Revenue by Region (USD Million), 2012-2014

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges.

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Product market size market and estimate the market size for Company, regions segments, product segments and Application (end users).The market estimations in this report are based on the marketed sale price of Product (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). The percentage splits, market share, and breakdown of the product segments are derived on the basis of weightages assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Product market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market are identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdown of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS (American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the Product market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, market (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation types, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

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