Global Smart Mirror Market to Reach $3.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Smart Mirror estimated at US$2.3 Billion in the year 2020, is projected to reach a revised size of US$3.9 Billion by 2027, growing at a CAGR of 8% over the analysis period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$1.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 7.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $673 Million, While China is Forecast to Grow at 7.5% CAGR
The Smart Mirror market in the U.S. is estimated at US$673 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$680.3 Million by the year 2027 trailing a CAGR of 7.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 6.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.
Services Segment to Record 9.3% CAGR
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 9.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$458.6 Million in the year 2020 will reach a projected size of US$858.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$451.2 Million by the year 2027.
Select Competitors (Total 46 Featured):
Amid the COVID-19 crisis, the global market for Smart Mirror estimated at US$2.3 Billion in the year 2020, is projected to reach a revised size of US$3.9 Billion by 2027, growing at a CAGR of 8% over the analysis period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$1.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 7.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $673 Million, While China is Forecast to Grow at 7.5% CAGR
The Smart Mirror market in the U.S. is estimated at US$673 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$680.3 Million by the year 2027 trailing a CAGR of 7.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.4% and 6.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.
Services Segment to Record 9.3% CAGR
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 9.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$458.6 Million in the year 2020 will reach a projected size of US$858.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$451.2 Million by the year 2027.
Select Competitors (Total 46 Featured):
- actiMirror Corporation
- ad notam AG
- Alke Srl
- Dension Ltd.
- Dirror
- Electric Mirror, Inc.
- Ficosa International SA
- Gentex Corporation
- Glance Displays, Inc.
- Keonn Technologies S.L.
- Magna International, Inc.
- MemoMi Labs Inc.
- MirroCool
- Murakami Corporation
- OakLabs GmbH
- On The Wall, Inc.
- Perseus Mirrors
- Seura, Inc.
- Seymourpowell Ltd.
- SmartSpot
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I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
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