Global smart mirror market size is projected to reach USD 5.9 billion by 2027 from USD 2.7 billion in 2022, at a CAGR of 16.8% during the forecast period.
Rising adoption of smart mirrors as alternative to convex mirrors for enhanced safety features in automobiles, increasing demand of smart homes, presence of large number of startups, and innovative features of smart mirrors.
The automotive segment dominated the smart mirror market in 2021 and is expected to lead the smart mirror market through 2027.
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Key Market Players:
Gentex Corporation (US),
Ficosa (Spain),
Seura Solutions (US),
Magna International (Canada),
Japan Display Inc. ("JDI") (Japan)
Smart mirrors are a new concept in the display segment and to the end users. With the increase in the use of these mirrors in the automobile and retail industries, the mirror providers are likely to witness a surge in popularity in the upcoming years.
The retail industry is undergoing a transformation with digital retailers merging with physical stores. Companies are embracing new ways of managing businesses and re-engineering their ways of connecting with customers.
Smart mirrors equipped in automobiles play a key role in ensuring driving comfort and safety. The smart mirrors integrated into high-end vehicles are equipped with electro chromatic auto dimming mirror, which improves visibility in low light and decreases eye strain and tiredness in drivers.
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