Research Nester has recently announced its latest research on “Smart Mirror/Glass Market : Global Demand Analysis & Opportunity Outlook 2023”, after studying the market situation and anticipating the future trends, the research provides a concrete platform for the existing and new players looking to enter into the market. The study provides information about market scenario of forecast period by analyzing the current situation.
Smart mirrors are embedded with several electronic components such as displays, sensors, etc. which enhance the user’s experience. Regionally, 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 compound annual growth rate (CAGR) of 11.14 % 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.
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.
To know more about shit research, kindly visit http://www.researchnester.com/reports/global-smart-digital-mirror-market-analysis-opportunity-outlook-2021/141