Strategic Collaborations of Market Leaders, during the COVID-19 Pandemic, to Promote the Development of Global Smart Mirror MarketDownload Sample Reports Overview
The communal spread of coronavirus (COVID-19) has created a marginally negative impact on the smart mirror market growth. The significant growth of the global smart mirror market is mainly attributed to its remarkable role in the retail, hospitality, and automotive industries. Though the markets across the world are shut down in order to curb the harmful impact of the pandemic spread, the global market for the smart mirror market is declined for a short span of time. This is signifiantly because of global leaders of the smart mirror market are mainly emphasizing on several strategies such as strategic tie-ups. For instance, in Jan2020, Gentex has collaborated with Aston Martin and introduced the integrated tri-camera rearview mirror for a better and safe driving experience. These elements may create a huge impact on the global smart mirror market.
This report is designed to guide leaders in operational, strategic, and financial planning over, the future years. Our report consists of:
- Technological Impact
- Social Impact
- Investment Opportunity Analysis
- Pre- & Post-COVID Market Scenario
- Infrastructure Analysis
- Supply Side & Demand Side Impact
As per a new report published by Research Dive, the global smart mirror market is expected to generate a revenue of $4,028.3 million by 2026, at a CAGR of 8.8% throughout the analysis period. The segmentation of the global smart mirror market has been done based on the components, end-use industry, and region. The report provides detailed information regarding opportunities, drivers, restraints, segments, and significant players of the global smart glass industry.
Factors Affecting the Growth
As per our analyst estimates, the huge significance of the smart mirror in various industries such as the retail, healthcare, and automobile sector is propelling the smart mirror market growth. However, the high cost associated with the production of the smart mirror is anticipated to obstruct the global smart mirror market growth.
The Solution Segment will be Most Lucrative
Based on component, the global smart mirror market is mainly classified into solution, hardware, and software. The solution market valued at $578.2 million in revenue in 2026 and is projected to grow at 10.1% of CAGR.
The Retail Sector Will have Exponential Growth During the Analysis Period
On the basis of the end-use industry, the global market for smart mirror is broadly classified into retail, healthcare, automotive, smart homes, healthcare, hospitality, and others. The retail segment will have significant growth and is projected to surpass $600.4 million in 2026 with 9.6% CAGR, during the forecast period. The growth of this segment is mainly driven by government traffic norms and increasing awareness regarding drivers’ safety. The increasing emphasis on augmentation in retail stores with Smart Mirrors.
Geographical Analysis and Major Market Players
On the basis of geographical region, the global market for the smart mirror is categorized into North America, Europe, Asia Pacific, and LAMEA.
The Europe smart mirror market valued at $1,421.6 million in 2026 and is projected to rise at a 7.6% CAGR in the projected period. The growth of this region is mainly attributed to the huge role in luxurious vehicles, increasing technical inventions, and the increasing emphasis on seamless shopping experiences
The leading players of the smart mirror market are Ficosa Internacional SA, GENTEX CORPORATION, SAMSUNG, Magna International Inc., Murakami Corporation., DENSION LTD, Japan Display Inc., Séura, Kickstarter, PBC, and ELECTRIC MIRROR, INC.