Market revenue in 2022 | USD 158.3 million |
Market revenue in 2030 | USD 313.3 million |
Growth rate | 8.9% (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 |
Key market players worldwide | Electric Mirror, LLC, SEURA, Hidden Television, Majestic Mirror & Frame, Lumidesign, Evervue, Videotree |
Wall mounted was the largest segment with a revenue share of 83.32% in 2022. Horizon Databook has segmented the Europe smart mirror market based on wall mounted, free-standing covering the revenue growth of each sub-segment from 2017 to 2030.
In Europe, consumers place a high value on design and aesthetics in home decor, which drives the preference for products like smart mirrors. Smart mirror manufacturers in Europe have responded by developing visually appealing and stylish designs that seamlessly blend with various interior styles.
Moreover, European countries have their own unique smart home ecosystems, with varying standards and protocols compared to North America. As a result, smart mirror manufacturers in Europe often prioritize compatibility with popular European smart home platforms and devices.
This ensures that their products can seamlessly integrate within the existing smart home infrastructure and be controlled and synchronized with other smart devices and systems commonly used in European households.
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