Latin America Smart Mirror Market Size & Outlook
Latin America smart mirror market, 2017-2030 (US$M)
Related Markets
Latin America smart mirror market highlights
- The Latin America smart mirror market generated a revenue of USD 14.6 million in 2022.
- The market is expected to grow at a CAGR of 6.3% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 14.6 million |
| Market revenue in 2030 | USD 23.8 million |
| Growth rate | 6.3% (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 |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.8% of the global smart mirror market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 491.3 million by 2030.
Wall mounted was the largest segment with a revenue share of 84.25% in 2022. Horizon Databook has segmented the Latin America smart mirror market based on wall mounted, free-standing covering the revenue growth of each sub-segment from 2017 to 2030.
The smart mirror market in Central and South America is experiencing steady growth and gaining popularity among consumers. One of the key drivers behind the regional growth of the smart mirror market is the increasing demand for personalized and connected experiences.
Smart mirrors offer a unique blend of functionality and style, allowing users to access information, engage with digital content, and enhance their daily routines right in front of the mirror. While the smart mirror market in Central and South America is still relatively nascent compared to other regions, it is expected to witness substantial growth in the coming years.
The increasing awareness of smart home technologies, the rising disposable income of consumers, and the expanding e-commerce sector in Brazil and Argentina, among other countries, are factors that contribute to the region’s market potential.
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Smart Mirror Market Scope
Smart Mirror Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America smart mirror market size, by country, 2017-2030 (US$M)
Latin America Smart Mirror Market Outlook Share, 2022 & 2030 (US$M)
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