+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

World Smart Mirror Market - Opportunities and Forecasts, 2017 - 2023

  • PDF Icon

    Report

  • September 2019
  • Region: Global
  • Allied Market Research
  • ID: 3773316
Smart Mirror is the emerging concept in this fast changing IT world. Smart Mirror is an alternative to a rear mirror used in the automotives. It provides integrated GPS navigation, Bluetooth connectivity and backup camera, which helps the driver to drive the vehicle with ease. Smart mirrors are used in both automotive and non automotive sectors. The global auto-diming mirror market is growing at a CAGR of 7.59% and it is expected to reach a value of $3 million by 2016.

The major driving factors of Smart Mirror market are comfort and safety. It provides safety by tracking the vehicle whenever required. Use of smart mirror in automotives has reduced the rate of road accidents. This is the biggest benefit of the smart mirror, which leads to a secure driving environment. This smart mirror technology possesses features such as self-dimming, self-cleaning, self-repairing, etc. The key restrain for this technology are its technical drawbacks such as memory loss and faulty sensors etc.

The report handles all the issues in-depth and provides appropriate measures for .the related issues.

Smart Mirror Market Analysis by Technology

The technology segment is primarily classified into two sectors, namely Smart material and Electronic devices. Further, the Smart material sector is classified based on the technology used and their features such as Electro chromic Technology, Self-Dimming Technology, Self Cleaning Mirrors, and Self Repairing Mirrors. Electronic devices sector is classified base on sensors, displays, cameras and touch sensors. All the electronic devices are commonly used in automotives.

Smart Mirror Market Analysis by Applications

Various applications of Smart mirror technology are automotive, consumer & household, medical & healthcare, and advertising & retail. In addition, there are numerous opportunities available in automotive sector through the use of advanced electronic technologies such as Wi-Fi connectivity, integrated sensor systems to further improve road safety.

Smart Mirror Market Analysis by Geography

Global smart mirror market is segmented into North America, Europe, Asia-Pacific and RoW regions

High Level Analysis

Report gives a fair idea of the global smart mirror market, its benefits and key concerns. The global market analysis using Porter’s five force model and SWOT analysis serves the companies to adopt new strategies to increase their market share. Threat of bargaining powers of customers and suppliers is analyzed based on study of partners. Possible set of substitutes are studied to analyze threat of substitutes. Threat of new entrants and intersegment rivalry is estimated based on due analysis of nature of the business. The value chain analysis in the report explains the key intermediaries operating in this market. Market dynamics is analyzed on their strategic moves for the benefit of stakeholders.

KEY BENEFITS

Report provides information about current market situations, changing market dynamics, expected trends and market intelligence
Porter’s Five Forces and SWOT analysis are provided to aid in developing future strategies
Companies profiled in the report help to understand the strategies adopted by the key players and their strategic moves
The report discusses about the competitive strategies for the effective planning and execution of business plans
Estimations are made by considering current market trends and future potential investment in smart mirror market during the analysis period 2013-2020, with the base revenue of year 2012

KEY DELIVERABLES

The global smart mirror market is segmented based on application, technology and geographies

KEY MARKET SEGMENTSMARKET BY TECHNOLOGY

Smart Material

Electro chromic Technology
Self-Dimming Technology
Self Cleaning Mirrors
Self Repairing Mirrors

Electronic Devices

Sensors
Displays
Cameras
Touch Sensors

MARKET BY APPLICATION

Automotive
Consumer & Household applications
Medical & Hea

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

Loading
LOADING...