Market revenue in 2022 | USD 514.6 million |
Market revenue in 2030 | USD 1,012.6 million |
Growth rate | 8.8% (CAGR from 2022 to 2030) |
Largest segment | Wall mounted |
Fastest growing segment | Wall Mounted |
Historical data covered | 2017 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Wall Mounted, Free-Standing |
Wall mounted was the largest segment with a revenue share of 81.05% in 2022. Horizon Databook has segmented the Global smart mirror market based on wall mounted, free-standing covering the revenue growth of each sub-segment from 2017 to 2030.
Smart home technology has advanced past the three stages of automation, single product intelligence, and Internet of Things (IoT), and entered the era of whole house intelligence in recent years due to the rapid development of new technologies like artificial intelligence and 5G.
According to data from the National Council for Home Safety and Security, in 2020, 57% of Americans had smart home appliances, which helped consumers save roughly 30 minutes daily. In addition, the findings showed that an increasing number of households had smart products, with 47% of millennials owning some devices and 70% of those who already own one planning to purchase another.
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