A variety of companies have started creating these devices, which are a great way to integrate a touch-screen into your home without sacrificing the functionality of a standard mirror. The products can be tailored to your needs and budget by adding or subtracting features. For example, Griffin’s Connected Mirror adds a built-in tablet that can be used to browse the internet, download apps and watch videos. It also displays your daily schedule in the corner of the screen and allows you to control other smart devices in your home, such as lights, speakers and thermostats.
Several manufacturers have worked intelligence and fitness equipment into the mirror, making it a unique solution for consumers that want to work out from the comfort of their own home. However, it is a niche product and most of these smart mirrors are designed for the bathroom or bedroom rather than a living space.
Many new start-ups have sprung up to target specific industries, such as Memomi Labs (US) that makes mirrors for fashion and beauty. These start-ups are tailoring their products to fit the specific needs of consumers and adding value to the client experience.
One of the key drivers of the global smart mirror market is the increasing adoption of advanced driver assistance systems in the automotive industry. This has enabled smart mirrors to provide additional features that enhance the driving experience. In addition, the transition to digital stores in retail sector has also been driving the demand for smart mirrors.
The growth of the global smart mirror market is hampered by rising concerns over privacy and security. Smart mirrors track and keep personal information of users, which can be a threat to their privacy. Moreover, the high cost of developing smart mirrors is another factor that can hinder the growth of the market. The global smart mirror market is expected to grow at a CAGR of 17.2% during the forecast period from 2021 to 2028.
