Dublin, March 20, 2023 (GLOBE NEWSWIRE) -- The "Global Smart Mirror Technology Market (2023-2028) by Component, AR Feature, Functionality, End-Users, and Geography, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Smart Mirror Technology Market is estimated to be USD 3.28 Bn in 2023 and is expected to reach USD 4.72 Bn by 2028, growing at a CAGR of 7.56%.
Market Dynamics
Drivers
- Increasing Trend of Context-Aware Signage
- Growing Adoption of Smart Mirrors in the Retail Sector
- Surging Use of AI-Based Smart Mirror
Restraints
- Higher Costs of Installation, Ownership, and Maintenance
Opportunities
- Growing Utilization in Retail, Tradeshows, and Events
Challenges
- Complexities in Manufacturing All-Weather Display
- Lower Level of Awareness about Advantages and Components
Market Segmentations
The Global Smart Mirror Technology Market is segmented based on Component, AR Feature, Functionality, End-Users, and Geography.
- By Component, the market is classified into Hardware, Services, and Software.
- By AR Feature, the market is classified into AR Smart Mirror and Non-AR Smart Mirror.
- By Functionality, the market is classified into Connected and Non-Connected.
- By, End-Users, the market is classified into Automotive, Healthcare, Residential, and Retail.
- By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.
Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Smart Mirror Technology Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Smart Mirror Technology Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Smart Mirror Technology Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 203 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $3.28 Billion |
| Forecasted Market Value (USD) by 2028 | $4.72 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 Global Smart Mirror Technology Market, By Component
7 Global Smart Mirror Technology Market, By AR Feature
8 Global Smart Mirror Technology Market, By Functionality
9 Global Smart Mirror Technology Market, By End-Users
10 Americas' Smart Mirror Technology Market
11 Europe's Smart Mirror Technology Market
12 Middle East and Africa's Smart Mirror Technology Market
13 APAC's Smart Mirror Technology Market
14 Competitive Landscape
15 Company Profiles
16 Appendix
Companies Mentioned
- actiMirror Corp.
- Ad Notam Ag
- Alke
- Dension
- Electric Mirror, Inc.
- Evervue USA, Inc.
- Ficosa International SA
- Gentex Corp.
- Glance Displays, Inc.
- Keonn Technologies S.L.
- Magna International, Inc.
- MemoMi, Inc.
- Mirrocool
- Murakami Corp.
- OakLabs GmbH
- Panasonic Corp.
- Pro Display.
- Samsung Electronics Co., Ltd.
- Seymourpowell Ltd.
- Toshiba Corp.
For more information about this report visit https://www.researchandmarkets.com/r/fl0g71
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