South Korea Smart Mirror Market Size & Outlook, 2022-2030
South Korea smart mirror market, 2017-2030 (US$M)
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South Korea smart mirror market highlights
- The South Korea smart mirror market generated a revenue of USD 8.9 million in 2022 and is expected to reach USD 18.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.3% 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.
Smart mirror market data book summary
| Market revenue in 2022 | USD 8.9 million |
| Market revenue in 2030 | USD 18.1 million |
| Growth rate | 9.3% (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, South Korea accounted for 1.7% 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 82.02% in 2022. Horizon Databook has segmented the South Korea smart mirror market based on wall mounted, free-standing covering the revenue growth of each sub-segment from 2017 to 2030.
AI and augmentation in South Korea are estimated to witness significant advancements and transformative developments in the near future. South Korea is actively investing in research and development, aiming to become a global AI powerhouse.
The government has implemented initiatives to foster AI talent, support start-ups, and encourage collaboration between industry and academia. As a result, further breakthroughs are expected in AI technologies, such as machine learning, natural language processing, computer vision, and robotics. This is expected to boost advancements in smart mirrors in the country.
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Smart Mirror Market Scope
Smart Mirror Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea smart mirror market size, by installation type, 2017-2030 (US$M)
South Korea Smart Mirror Market Outlook Share, 2022 & 2030 (US$M)
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