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(Construction.IndustryNews247.Com, March 12, 2018 ) A smart mirror is an innovative technology that enables the user to access smartphone like features on a basic mirror. These smart mirrors are embedded with several electronic components such as displays, sensors, etc. which enhance the user's experience.
The global smart mirror market is anticipated to expand at an astonishing compound annual growth rate (CAGR) of 12.83%.
Regionally, with USD 165 Million, Europe held the top rank in the global smart mirror market in 2015. Hiked motor vehicle production (19% of global motor vehicle production) in 2014 and a continuous rise in coming years to propel the smart mirror market in Europe. As a result, Europe's smart mirror market is anticipated to expand at a modest compound annual growth rate (CAGR) over the forecast period.
However, North America is expected to experience the highest growth in the smart mirror market followed by the Asia-Pacific over the forecast period. Better GDP figures, promising trade balance, flourishing economies and continuous expansion in personal disposable income in Asia-Pacific region, especially in India & China, is likely to escalate the smart mirror market in the region. On the basis of applications, the smart mirror market is segmented into automotive, retail and advertising, consumer and residential and healthcare. Among these, automotive sector at 80% share in 2021 is forecasted to have the largest share of smart mirrors during 2015-2021. The smart mirror market is further divided on the basis of components as displays, sensors, cameras and others. Since, smart mirror is mainly driven by the sensors and related technology therefore the global smart mirror sensors market is projected to witness the highest compound annual growth rate (CAGR) of 15.63% during the covered forecast period.
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Increasing light vehicle productions, growth in residential construction, etc. are some of the factors that are expected to drive the global smart mirror market in coming 5-6 years. However, factors such as high cost and lack of awareness about the smart mirrors are likely to pose a major threat for the global smart mirror market growth during the forecast period i.e. 2015-2021. Table of Contents: 1. List of Figures 2. List of Tables 3. Executive Summary 4. Research Methodology 5. Global Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 6. Global Smart Mirror Market Trend Analysis 7. Market Dynamics 7.1 Growth Drivers 7.1.1 Growth in the Automobile Sector 7.1.1.1 Impact Analysis 7.1.2 Increase in Residential Building Construction 7.1.2.1 Impact Analysis 7.1.3 Rising Demand from Retail Sector 7.1.3.1 Impact Analysis 7.1.4 Increasing Innovation in Smart Mirror Technology 7.1.4.1 Impact Analysis 7.2 Restraints 7.2.1 High Cost of Smart Mirrors 7.2.1.1 Impact Analysis 7.2.2 Lack of awareness 7.2.2.1 Impact Analysis 7.2.3 Safety Issues on Use of Smart Mirrors in Dressing Rooms 7.2.3.1 Impact Analysis 8. North America Smart Mirror Market Outlook 8.1 North America Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 8.1.1 U.S. Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 8.1.2 Canada Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 8.2 North America Year-on-Year (Y-O-Y) Growth Rate Comparisons- By Country 8.3 North America Market Attractiveness- By Country 8.4 North America Smart Mirror Market BPS Analysis 9. Latin America Smart Mirror Market Outlook 9.1 Latin America Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth, 2015-2021 10. Europe Smart Mirror Market Outlook 10.1 Europe Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 10.1.1 Western Europe Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 10.1.1.1 U.K. Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 10.1.1.2 Germany Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 10.1.1.3 Italy Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 10.1.1.4 France Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 10.1.1.5 Spain Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 10.1.1.6 Hungary Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 10.1.1.7 Benelux Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 10.1.2 Western Europe Year-on-Year (Y-O-Y) Growth Rate Comparisons- By Country 10.1.3 Western Europe Market Attractiveness-By Country 10.1.4 Western Europe BPS Analysis 10.1.5 Eastern Europe Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 10.1.5. Russia Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 10.1.5.2 Poland Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 70 10.1.5.3 Rest of Eastern Europe Smart Mirror Market Size and Year-on-Year (y-O-Y) Growth Rate, 2015-2021 10.1.6 Eastern Europe Year-on-Year (Y-O-Y) Growth Rate Comparisons-By Country 10.1.7 Eastern Europe Market Attractiveness-By Country 10.1.8 Eastern Europe Smart Mirror BPS Analysis 11. Asia-Pacific Smart Mirror Market Outlook 11.1 Asia Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 11.1.1 China Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 11.1.2 India Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 11.1.3 Japan Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 11.1.4 Rest of Asia (ROA) Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 11.2 Asia-Pacific Year-on-Year (Y-O-Y) Growth Rate Comparisons-By Country 11.3 Asia-Pacific Market Attractiveness -By Country 11.4 Asia-Pacific BPS Analysis 12. MENA Smart Mirror Market Outlook 12.1 MENA Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 13. Global Smart Mirror Market Segmentation-By Component 13.1 Global Smart Mirror Sensors Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 13.2 Global Smart Mirror Displays Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 13.3 Global Smart Mirror Camera Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 13.4 Global Smart Mirror Other Components Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 13.5 Year-on-Year (Y-O-Y) Growth Rate Comparison-By Components 13.6 Market Attractiveness- By Components 14. Global Smart Mirror Market Segmentation-By Application 14.1 Global Automotive Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 14.1.1 Global Automotive Smart Mirror (LCD/Camera) with Mirror Mode Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 14.1.2 Global Automotive Smart Mirror (LCD/Camera) without Mirror Mode Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 14.2 Global Retail & Advertising Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 14.3 Global Healthcare Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 14.4 Global Consumer & Residential Smart Mirror Market Size and Year-on-Year (Y-O-Y) Growth Rate, 2015-2021 14.5 Year-on-Year (Y-O-Y) Growth Rate Comparisons-By Application 14.6 Market Attractiveness- By Applications 15. Porter's Five Force Model Analysis 15.1 New Entrants- Low to Medium 15.2 Suppliers Bargaining Power- Medium to High 15.3 Buyers Bargaining Power- Low 15.4 Substitute Threat- Low 16. Risk Analysis 16.1 Supply Risk - Medium 16.2 Demand Risk - Medium 17. Competitive Landscape 17.1 Samsung Electronics Co., Ltd. 17.1.1 Company Overview 17.1.2 Products and Services 17.1.3 Key Financials 17.1.4 Recent News and Developments 17.2 Panasonic Corporation 17.2.1 Company Overview 17.2.2 Products and services 17.2.3 Key Financials 17.2.4 Recent News and Development 17.3 Asahi Glass Co. Ltd. 17.3.1 Company Overview 17.3.2 Products and Services 17.3.3 Key Financials 17.3.4 Recent news and developments 17.4 LG Electronics 17.4.1 Company Overview 17.4.2 Products and services 17.4.3 Key Financials 17.4.4 Recent News & Developments 17.5 Toshiba Corporation 17.5.1 Company Overview 17.5.2 Products and Services 17.5.3 Key Financials 17.5.4 Recent news & developments 17.6 Gentex Corporation 17.6.1 Company Overview 17.6.2 Products and services 17.6.3 Key Financials 17.6.4 Recent news & developments 17.7 Magna International Inc. 17.7.1 Company Overview 17.7.2 Products and services 17.7.3 Key Financials 17.7.4 Recent news & developments 17.8 Seura 17.8.1 Company Overview 17.8.2 Products and services 17.8.3 Recent news & developments 17.9 Keonn Technologies 17.9.1 Company Overview 17.9.2 Products and services 17.9.3 Recent news & developments
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List of Tables Table 17- 1: Samsung Electronics- Key Financials (USD Million), 2013-2014 Table 17- 2: Panasonic Corporation- Key Financials (USD Million), 2014-2015 Table 17- 3: AGC Group - Key Financials (USD Million), 2013-2014 Table 17- 4: AGC Group - Revenue by Region (USD Million), 2012-2014 Table 17- 5: AGC Group - Sales by Product (USD Million), 2012-2014 Table 17- 6: LG Electronics - Key Financials (USD Million), 2013-2014 Table 17- 7: LG Electronics - Revenue by Region (USD Million), 2012-2014
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