India Smart Mirror Market Size & Outlook, 2022-2030
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India smart mirror market highlights
- The India smart mirror market generated a revenue of USD 4.5 million in 2022 and is expected to reach USD 8.8 million by 2030.
- The India market is expected to grow at a CAGR of 8.9% from 2023 to 2030.
- In terms of segment, wall mounted was the largest revenue generating installation type in 2022.
- Wall Mounted is the most lucrative installation type segment registering the fastest growth during the forecast period.
Smart mirror market data book summary
| Market revenue in 2022 | USD 4.5 million |
| Market revenue in 2030 | USD 8.8 million |
| Growth rate | 8.9% (CAGR from 2022 to 2030) |
| Largest segment | Wall mounted |
| Fastest growing segment | Wall Mounted |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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 |
Other key industry trends
- In terms of revenue, India accounted for 0.9% of the global smart mirror market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China smart mirror market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 18.1 million by 2030.
Wall mounted was the largest segment with a revenue share of 86.67% in 2022. Horizon Databook has segmented the India smart mirror market based on wall mounted, free-standing covering the revenue growth of each sub-segment from 2017 to 2030.
Several Indian start-ups have emerged in the smart mirror market, leveraging technology to create innovative and interactive mirror solutions. These start-ups are capitalizing on the growing demand for smart mirrors and their potential applications in different industries.
The start-up culture in India for smart mirrors is driven by various factors, including the rise of ecommerce, increasing consumer interest in technology-driven experiences, and the rise in disposable income. Start-ups in this space actively seek partnerships with retail brands, beauty companies, fitness centers, and home automation providers to market their innovative mirror solutions.
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Smart Mirror Market Scope
Smart Mirror Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Lumidesign | View profile | 1-10 | Richmond Hill, Ontario, Canada, North America | https://lumidesign.ca/ |
| Videotree | View profile | 11-50 | Weybridge, Surrey, United Kingdom, Europe | http://www.videotree.com |
| Evervue | View profile | 101-250 | Newport, Newport, United Kingdom, Europe | https://www.evervue.com |
| Majestic Mirror & Frame | View profile | 101-250 | Miami, Florida, United States, North America | https://majesticmirror.com/ |
| Hidden Television | View profile | 1-10 | Toledo, Ohio, United States, North America | https://www.hiddentelevision.com |
| SEURA | View profile | 101-250 | Green Bay, Wisconsin, United States, North America | http://seura.com |
| Electric Mirror, LLC | View profile | 251-500 | Everett, Washington, United States, North America | http://electricmirror.com |
India smart mirror market size, by installation type, 2017-2030 (US$M)
India Smart Mirror Market Outlook Share, 2022 & 2030 (US$M)
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