Global Virtual Mirror Market

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 2025-2032


Report ID: SQSG45J2032 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 141 | Figures: 78

Virtual Mirror Market Insights

Virtual Mirror Market size was valued at USD 7.6 Billion in 2023 and is poised to grow from USD 9.4 Billion in 2024 to USD 25.56 Billion by 2032, growing at a CAGR of 23.7% during the forecast period (2025-2032).

E-commerce growth leads to the virtual mirror growth opportunities in the nearby future by bringing multi-sensor body scanners in the market and it has reshaped the experience of shopping using online portals. Automotive sector uses the virtual exterior mirror as it facilitates a better viewing experience with a wide camera angle and LCD in the car; which is increasing product acceptance to a greater extent. Automotive manufacturers can take a great advantage of the product by targeting tech-savvy customers demanding a higher price for vehicles. Interactive LCD screens overlaying mirrors is widely accepted in hotels due to the merging outlay design of text content on the screen and video content to engage and cheer consumers. These mirrors are also deployed in restaurants, lifts, and others for guests. 

Factors such as the ease of trying on clothes in a virtual environment in stores, a greater emphasis on hygiene for cosmetics and other retail items, and virtual trial of the product on e-commerce platforms prior to purchase are expected to drive market growth. Furthermore, the introduction of multi-sensor body scanners has transformed the online shopping experience. The expansion of the e-commerce channel is expected to create significant growth opportunities for virtual mirror solution providers.

US Virtual Mirror Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Virtual Mirror Market size was valued at USD 6.13 billion in 2019 and is poised to grow from USD 7.6 billion in 2023 to USD 20.66 billion by 2031, growing at a CAGR of 23.7% in the forecast period (2024-2031).

virtual mirror market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Astrafit', 'MemoMi', 'Fits.me', 'VIRTusize', 'SmartPixels', 'SenseMi', 'Virtual Mirror', 'Reflexion', 'Zugara', 'Holition', 'Styku', 'MirrAR', 'True Fit', 'Fashion3D', 'Sizebay', 'Styliff', 'Dressformer', '3D-A-PORTER', 'Metail', 'Tylko'

The option of consumer trial on clothes in a simulated environment in stores, a distinguished attention on hygiene for cosmetics and other retail products, and virtual trial of the product before purchasing on e-commerce sites is assumed to drive the market growth during the forecast period.

In the modern world, the merchants developed these solutions and the progress is still continuing in association with leading automotive brands including AUDI AG, Jaguar Land Rover Automotive PLC, and Lexus.Multiple vendors are also focussing on providing smart mirrors in the retail sector owing to the growing trend of shopping online and at stores.

North America dominated and held the largest 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.

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Global Virtual Mirror Market

Report ID: SQSG45J2032

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