Growing demand for smart home devices and advancement in display technology are the leading factors expected to drive the Global Smart Mirror market during the forecast period.
According to TechSci Research report, “Smart Mirror Market – Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”, A smart mirror is basically a two-way glass with an inbuilt display. The display can show any desired information on the mirror’s surface, including time, weather, and news, etc. While basic mirrors show customers the information, the more advanced ones have touch-enabled features and come with cameras, microphones, speakers, and sensors.
The growth of a smart mirror market is driven by various factors such as increasing demand for connected devices, rising demand for commercial and hospitality sector, new product launches, and increasing adoption of smart appliances.
Smart mirrors are available in various shapes and sizes in the market. They can be as small as a table or as big as a full bathroom mirror. They’re sometimes referred to as ‘magic’ mirrors. In recent years, the use of smart mirror technology has seen a surge in popularity due to the increasing prevalence of smart home automation. Many smart mirrors now feature integrated LED lights, enabling customers to alter the color to create a desired atmosphere or adjust the temperature to suit individual preferences. Earlier, smart mirrors were available with Bluetooth feature, which enabled customers to connect their phone to the mirror’s speakers to play music. However, in recent years, the technology has evolved to include a variety of features, such as Alexa built-in, which allows customers to access flash news briefings in the morning. Smart mirrors use AI and machine learning to identify faces & gestures and respond to user commands. They connect via Wi-Fi or Bluetooth and can communicate with applications and cloud-based systems.
Free standing mirrors are not attached to a wall or vanity. This kind of mirror is usually of full length to provide a full body view. While free-standing mirrors are easy to move around, they take up a lot of space on the floor. They also require careful positioning to prevent them from tipping over or breaking.
Wall mounted smart mirrors are becoming more popular because bathrooms are typically small spaces in most households. It not only helps in saving space, but also enhances the overall aesthetic of the room.
Smart Mirrors can be easily integrated into a variety of commercial settings, including hotels and resorts, fitness and gymnasiums, spa and salon facilities, shopping centers, significantly enhancing the customer experience. Furthermore, smart mirrors in trial rooms are becoming more popular among high-end apparel accessory stores and outlets. This will enable customers to virtually see themselves wearing the desired product without physically doing so. Smart mirrors are equipped with sensors that accurately scan the buyer’s physical attributes and replicate the same dimensions on screen, along with the desired apparel or accessory.
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The Smart Mirror market is segmented based on installation type, application, distribution channel, and region.
Based on installation type, the market is further fragmented into wall mounted and free standing. The market is fueled by wall mounted smart mirrors as there is a higher risk of falling of free-standing mirrors. Thus, consumers prefer wall mounted smart mirrors over free standing mirrors.
Based on application, the market is segmented into residential and commercial. The commercial segment will fuel the market on account of increasing demand from the retail & fashion industry and increasing demand from hospitality sector.
Based on distribution channel, the market is divided into direct sales and indirect sales.
Based on region, the market is divided into Asia-Pacific, North America, Europe, Middle East & Africa, and South America.
Key market players in the Smart Mirror market include:
- Electric Mirror, Inc.
- Séura, Inc.
- AVIS Electronics Company
- Foshan Eterna Intelligent Bathroom Co., Ltd.
- Majestic Mirror & Frames, Inc.
- Lumidesign Inc.
- Evervue USA Inc.
- Videotree Limited
- HILO Solutions, Inc.
- Guangzhou Hansong Electric Technology Co., Ltd (FENCHILIN)
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“The increasing demand for smart home appliances is a prominent trend that will impact growth in the anticipated period. The increasing demand for retail and fashion industry, advancement in display technology, and launch of advanced products, are the prominent aspects that will impact the smart mirror market positively. The health and wellness application of smart mirrors, along with smart features to meet the specific requirements of customers and growing popularity of the e-commerce channel, will fuel the market growth in projected period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Smart Mirror Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F,” Segmented By Installation Type (Wall Mounted, Free Standing), By Application (Residential, Commercial), By Distribution Channel (Direct Sales, Indirect Sales), By Region, Competition, has evaluated the future growth potential of Smart Mirror market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the products of Smart Mirror.
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