Top Scenario: Smart Mirror Market Update | Increasing Investment Is Expected To Boost Market Growth

Pune, New York, USA, November 17 2020 (Wiredrelease) Research Dive –:The COVID-19 pandemic has negatively impacted the global smart mirror market. However, the market is expected to recover by Q3/Q4 of 2022.

The COVID-19 pandemic has adversely affected the global smart mirror market and a slight drop is witnessed in the growth rate from former predictions. As per new Research Dive published report, the global smart mirror market is anticipated to grow at a CAGR of 8.8% by 2026, generating a revenue of $4,028.3 million in the period of forecast from 2019 to 2026. While there is a decrease in the growth rate owing to the COVID-19 chaos, the market is estimated to recover by Q3/Q4 of 2022.

Key Features of the Market

– As per our analysts, the adaptability and versatility of smart mirrors in multiple industries is a significant factor impelling the growth of global smart mirror market.

– The projected market size for the smart industry prior to COVID-19 chaos was $2,433.8 million in 2020 and this number is predicted to decrease down to $1,460.3 million post-coronavirus pandemic.

Download Exclusive Free Sample Copy of the Report at: https://www.researchdive.com/download-sample/217

– The rising emphasis on digital innovations and transformation across various businesses such as beauty, fashion, eyewear, and footwear are anticipated to drive the demand for smart mirrors in the coming future.

Adopting Several Strategies to Sustain in the Crisis

The leading players of the global smart mirror industry include Ficosa Internacional SA, GENTEX CORPORATION, SAMSUNG, Magna International Inc., DENSION LTD, Murakami Corporation., Kickstarter, Séura, Japan Display Inc., PBC, and ELECTRIC MIRROR, INC. These players are implementing various strategies such as product innovations and technological advancements to sustain in this unprecedented situation. For instance, in March 2020, Samsung launched a new series of televisions with improved picture quality and excellent visual experience & contrast levels.

Also, an India-based company, Pink Tech Design, launched a smart mirror namely, Miaza mirror during the COVID-19 crisis. This smart mirror uses a dynamic sensor to detect human presence and shows the multi-step hand-washing technique in the 35-second video recommended by the World Health Organization (WHO).

Connect with Analyst to Reveal How COVID-19 Impacting On Market: https://www.researchdive.com/connect-to-analyst/217

Global Industry to Grow Exponentially Post Pandemic Chaos

Research Dive states that the global smart mirror market is projected grow exponentially post-coronavirus pandemic. The industry players are getting immense support from the governments to grow in the global market. The rising trend towards fitness of people all across the globe will be the major factor boosting the market growth during the forecast period. In addition, smart mirrors offer thorough information by focusing on common pain points of customers such as brand loyalty, shopping preferences, and customer demographics. These factors are expected to propel the market growth after COVID-19 pandemic.

Abouat Us:

Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

Contact Us:

Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York
NY 10005 (P)
+ 91 (788) 802-9103 (India)
+1 (917) 444-1262 (US) Toll
Free : +1 -888-961-4454
Email: support@researchdive.com

This content has been published by Research Dive company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at contact@wiredrelease.com.