Virtual Mirror Market Size, Share, Growth Analysis, By Component(Software, hardware, services), By Deployment mode(Cloud, on-premises), By Industry(Retail, others), By Technology(Photo accurate VFR, 3D body scanning, 3D augmented reality & virtual reality), By Functionality(Connected, Non-Connected), By Region - Industry Forecast 2024-2031

North America dominated and held the largest global virtual mirror market share in 2021 and the region is also projected to register for the highest revenue share over the forecast period. The United States is a pivotal point of the largest retail brands and hotel chains, resulting in fuelling the demand for virtual mirrors in the country. On the other hand, application of virtual mirrors in the automotive industry is expected to experience obstruction as the U.S. government has listed virtual side mirrors under the mirrorless section.The market in Asia Pacific (APAC) is further expected to grow fast during the projected period because of increasing online purchasing and also increasing digitization along with cloud adoption in the developing economies including India, China, and others. The virtual mirrors are in high demand as of 2022 in major automobile and retailing centres such as China, Japan, and India.

Europe is an emerging region in terms of virtual mirrors over the given forecast period as it is commonly known for fashion and hospitality industries. It is moreover open to innovations in the automotive industry due to the adoption of virtual windscreen solutions in-favour-of luxury cars. Increasing consumer base of the internet coupled with the development of e-commerce in BRICS nations drive the potential adoption of virtual mirrors in the region.