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Smart Mirror Market Trends

Report ID: GMI6017
Published Date: Feb 2024
Report Format: PDF

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Smart Mirror Market Trends

Virtual Reality (VR) and Augmented Reality (AR) technologies are integrated into smart mirrors. They enable customers to try virtual beauty products, clothing, and test out hairstyles. This trend makes smart mirrors more appealing and adaptable while also improving the interactive & immersive experience. Also, the industry has witnessed developments in display technology, such as flexible or curved monitors, which improve the visual appeal and design options of smart mirrors.

The use of smart mirrors for health and fitness purposes is also a growing trend. These mirrors are equipped with features, such as interactive workout sessions, fitness tracking, and health monitoring, catering to the increasing consumer focus on wellness.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Smart mirror industry was worth USD 1.71 million in revenue in 2023 and is estimated to expand at over 10.1% CAGR between 2024

The hardware segment was USD 1 billion in 2023 and is projected to record substantial growth by 2032 owing to the latest display technologies, such as OLED and high-resolution LCD to enhance aesthetic appeal and visual quality.

North America smart mirror market generated USD 570 million in revenue in 2023 and is estimated to exhibit robust growth through 2032 owing to the growing consumer preference for smart home automation in region.

Some of the top companies engaged in the market are AD Natom AG, Avis Electronics Corporation, Dension Evervue, Electric Mirror, Inc, Ficoca International SA, Gentex Corporation, Harman International Industries, Keonn Technologies SL, Kohler Company, LumiDesign, Magna International, Secura, and Videotree.