Global Interactive Mirrors Market Trends, Applications, Analysis, Growth, and Forecast to 2027
MarketResearch.Biz delivers in-depth insights on its upcoming report titled, “Global Interactive Mirrors Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global interactive mirrors market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global interactive mirrors market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global interactive mirrors market report has been segmented on the basis of component, end user, and region.
Mirrors have always been a relatively integral part of our lives, and the introduction of interactive multi-touch mirrors brings about a whole new way we will look at ourselves and connect with the rapidly evolving world we live in. This new and innovative technology allows us to interact with the world around us via a frameless solution that can be integrated into both, modern and traditional interiors. These products are ideal for changing rooms in malls and retail stores, and serve as exhibition display stands for branding and merchandising themes in showrooms etc. Interactive mirrors comprise touch sensitive surfaces and can display a range of high resolution enterprising and interactive content and graphics, videos, and other control options and have all the features of a smartphone. These innovative features are accessible when the power supply is on, but function as regular or conventional mirrors when powered down.
Smart mirrors made their advent in the automobile industry and initially served to display information such as newsfeeds, music list, calendar etc., and also features Bluetooth connectivity. From there on, technological innovation and R&D has resulted in the arrival of more advanced and smarter products for application in other sectors and industries. As the technology progresses and awareness of the various benefits and advantages grows, an increasing number of new players and electronic devices manufacturers are entering the market owing to the high revenue potential these products offer. Interactive mirrors have been witnessing increasing adoption in sectors such as retail, healthcare, and residential in the very recent past, and the trend is expected to continue well into the future, especially in developed countries.
Besides being a popular option for the bedroom and bathroom, interactive mirror technology is rapidly finding popularity in the retail sector. Retailers around the world are adopting this innovative technology to project images of various items or products to potential customers in 2D and 3D video mapping forms. This product also enables saving costs on multiple display mediums or advertising options, and can be programmed to display an array of products.
Also, customer experience is dramatically improved as they can make more informed purchase decisions by browsing and using the touchscreen interactive surface. Moreover, enhanced 3D movie viewing experience on an interactive mirror is also a major selling point. However, high cost involved with implementation of interactive mirrors, and privacy concern among users are factors challenging growth of the global interactive mirrors market to a certain extent.
Currently, the market in Europe accounts for majority of the global market revenue share, followed by North America. Demand for smart mirrors for application in sectors such as automobile, retail, and the consumer is a major driver for revenue growth. However, revenue from the market in APAC is expected to register a significantly high incline over the next five years owing to small start-ups entering the market. Markets in Latin America and Middle East & Africa is expected to witness low growth owing to certain restrictions with regard to fashion and dressing sense. However, demand for automobiles will continue to remain robust in GCC countries, thereby driving demand for smart mirrors over the forecast period.
Global interactive mirrors market segmentation by component:
Global interactive mirrors market segmentation by end user:
- Automotive sector
- Healthcare sector
- Retail & advertising sector
- Consumer & residential sector
Global interactive mirrors market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Ad Notam AG
- Gentex Corp.
- Magna International Inc.
- Pro Display
- Samsung Electronics Co. Ltd.
- Seura Tech2o
- Toshiba Corp
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