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International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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According to the latest report by IMARC Group, titled “Smart Mirror Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global smart mirror market size reached US$ 2.4 Billion in 2021.
A smart mirror is a digital device equipped with advanced sensors, electronic displays, cameras, and connectivity systems. The two-way mirror is also equipped with Bluetooth, internet, Wi-Fi, and touchscreen capabilities to receive phone calls, provide an interactive user experience, and access smartphone applications. The mirrors are backed with an in-built light-emitting diode (LED) with warmth functions and adjustable color to provide optimal lighting as per the user's requirement. They also have selfcleaning, self-dimming, and self-repairing capabilities, due to which they are extensively used across the advertising, automotive, retail, healthcare, and residential sectors.
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The rapid digitization in the retail industry and the development of smart mirrors integrated with the internet of things (IoT) and artificial intelligence (AI) solutions are driving the market growth. Moreover, the increasing demand for smart mirrors across the automotive industry is another growth-inducing factor. Smart mirrors are installed in passenger and light commercial vehicles to provide blind spot vision and enhance the safety of the passenger and the driver. Apart from this, the surging consumer expenditure power and rapid digitization across the retail industry are creating a positive outlook for market growth. Other factors, such as the growing investments in research and development (R&D) activities and the increasing product recognition among consumers, are bolstering the market growth.
Looking forward, IMARC Group expects the market to reach US$ 4.7 Billion by 2027, exhibiting a growth rate (CAGR) of 11.75% during 2022-2027.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/smart-mirror-market
1. What was the size of the global smart mirror market in 2021?
2. What is the expected growth rate of the global smart mirror market during 2022-2027?
3. What has been the impact of COVID-19 on the global smart mirror market?
4. What are the key factors driving the global smart mirror market?
5. What is the breakup of the global smart mirror market based on the component?
6. What is the breakup of the global smart mirror market based on the type?
7. What is the breakup of the global smart mirror market based on the functionality?
8. What is the breakup of the global smart mirror market based on the technology?
9. What is the breakup of the global smart mirror market based on the end user?
10. What are the key regions in the global smart mirror market?
11. Who are the key players/companies in the global smart mirror market?
5
Market Breakup by Component
Hardware
Software
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