Virtual Mirror Market

Virtual Mirror Market by Components (Hardware, Solutions, and Services), Deployment Modes (On-Premises and Cloud), Technology (3D body scanning, Photo Accurate VFR, 3D Augmented Reality, and Others), Industries (Retail and Others), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-252
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 3
  • No. Of Pages: 168
  • Format:
  • Pub. Date: Upcoming
  • Share:

The global virtual mirror market is anticipated to expand at a robust CAGR during the forecast period, 2021- 2028. The growth of the market is attributed to rapid advancements in the retail sector.

Multi-sensor body scanners have revolutionized the experience of shopping using online platforms. The use of interactive LCD screens is becoming popular in the hospitality sector due to the feature of combining outlay design of text content on the screen. This, in turn, is penetrating virtual mirror technology in various industries. Virtual mirror is an augmented reality (AR)-based technology. The rapid developments in AR and artificial intelligence (AI) technology are expected to increase the research and development in virtual mirror technology in the coming years.

Global Virtual Mirror Market Key Takeaways

Market Trends, Drivers, Restraints and Opportunities

  • Increasing technological advancements and increasing demand for safety systems in vehicles are expected to propel the market growth.
  • Growing rate of e-commerce shopping is anticipated to drive the market growth.
  • E-commerce companies are striving to reduce the return of the products owing to size mismatch. This, in turn, is speculated to increase the integration of virtual mirror technologies on the online platforms, thereby spurring the market growth.
  • The Covid-19 pandemic led to lockdowns, social distancing, and several other measures were taken to mitigate the spread of virus, which grew the use of online portals and social media for purchase of products. This, in turn, is stimulating the market growth.
  • The surge in the adoption of advanced driver assistance system (ADAS) in the automotive sector and rising demand for connect devices are expected to positively influence the market growth.
  • High cost of virtual mirror technology can hinder the market growth.
  • Lack of awareness and lack of adoption on a larger scale in the developing countries may impede the market growth.
  • The market being in its nascent stage; new entrants have an opportunity to penetrate and dominate the market during the forecast period.

Scope of the Report

The report on the global body shaping implants market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Virtual Mirror Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Components (Hardware, Solutions, and Services), Deployment Modes (On-Premises and Cloud), Technology (3D body scanning, Photo Accurate VFR, 3D Augmented Reality, and Others), Industries (Retail and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

Cisco Systems Inc., Coitor, FittingBox, ICON MULTIMEDIA, SL, INDE, SenseMi, Terawe Corp., Textronics, My Size Inc., Virtusize Co. Ltd, ViuBox, Virtooal Ltd., Dressformer, Astrafit, DigitalDm, Fitnect Interactive, Metail Limited, Zugra Inc., 3D-A-Porter, and Styku Inc.

 

 

Global Virtual Mirror Market Segment Insights:

On the basis of components, the market is segmented into hardware, solution and services. The software segment is anticipated to dominate during the forecast period. The demand for software has been attributed due to its need to provide visual interactive features on dedicated hardware systems such as kiosks and mirrors. Compatibility is the prime parameter as it ensures if the software provides a virtual essence through the apps and websites. L’Oréal, one of the leading players in the cosmetics industry, can customize the virtual makeup try on software to provide the effect and feel of the actual products.

Global Virtual Mirror Market By Component

Based on the deployment modes; the market is segregated into on-premises and cloud. The cloud segment is expected to register a high CAGR during the forecast period. On the other hand, the on-premises segment is anticipated to expand at a healthy rate as it is widely adopted by brick & mortar stores. The software is deployed on run-on mirror-like structures present at the retail stores.

In terms of technology, the market is divided into 3D body scanning, photo accurate VFR, 3D augmented reality, and others. The 3D augmented reality and virtual reality segments are expected to account for high revenue share during the forecast period. Retail outlets are incorporating online AR technology into their solution offerings to gain a competitive advantage in the competitive retail sector.

Global Virtual Mirror Market By Technology

On the basis of industry, the market is categorized as retail and others. The growth of e-commerce portals and online shopping has grown multifold in the recent years. Thus, the presence of virtual mirror technology in the retail industry is crucial to enhance the experience and improve the sales. The retail segment is speculated to dominate the market owing to the growing demand for virtual fitting technology. The other segments include automotive sector. Increasing demand for vehicle safety is expected to drive the others segment.

Global Virtual Mirror Market By Industries

In terms of regions, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for major market share during the forecast period. The market in Asia Pacific is anticipated to exhibit a high CAGR owing to the rising trend of online shopping. There is an increased demand for virtual mirrors in countries such as China, Japan, and India owing to the presence of humungous the automotive and retail sector.

Global Virtual Mirror Market By Region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Virtual Mirror Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Virtual Mirror Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Virtual Mirror Market - Supply Chain
  4.5. Global Virtual Mirror Market Forecast
     4.5.1. Virtual Mirror Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Virtual Mirror Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Virtual Mirror Market Absolute $ Opportunity
5. Global Virtual Mirror Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Virtual Mirror Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Virtual Mirror Demand Share Forecast, 2019-2026
6. North America Virtual Mirror Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Virtual Mirror Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Virtual Mirror Demand Share Forecast, 2019-2026
7. Latin America Virtual Mirror Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Virtual Mirror Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Virtual Mirror Demand Share Forecast, 2019-2026
8. Europe Virtual Mirror Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Virtual Mirror Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Virtual Mirror Demand Share Forecast, 2019-2026
9. Asia Pacific Virtual Mirror Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Virtual Mirror Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Virtual Mirror Demand Share Forecast, 2019-2026
10. Middle East & Africa Virtual Mirror Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Virtual Mirror Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Virtual Mirror Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Virtual Mirror Market: Market Share Analysis
  11.2. Virtual Mirror Distributors and Customers
  11.3. Virtual Mirror Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Cisco Systems Inc.
     11.4.2. Coitor
     11.4.3. FittingBox
     11.4.4. ICON MULTIMEDIA S. L.
     11.4.5. INDE
     11.4.6. SenseMi
     11.4.7. Terawe Corp.
     11.4.8. Textronics
     11.4.9.
Segments covered in the report
The global automotive continuously variable transmission system market has been segmented on the basis of

Component
  • Hardware
  • Solutions
  • Services
Deployment Modes
  • On-premises
  • Cloud
Technology
  • 3D Body Scanning
  • Photo Accurate VFR
  • 3D Augmented Reality
  • Others
Industry
  • Retail
  • Others
Regions
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players Covered
  • Cisco Systems Inc.
  • Coitor
  • FittingBox
  • ICON MULTIMEDIA S. L.
  • INDE
  • SenseMi
  • Terawe Corp.
  • Textronics
  • My Size Inc.
  • Virtusize Co. Ltd
  • ViuBox
  • Virtooal Ltd.
  • Dressformer
  • Astrafit
  • DigitalDm
  • Fitnect Interactive
  • Metail Limited
  • Zugra Inc.
  • 3D-A-Porter
  • Styku Inc.
  • The major companies in the global virtual mirror market report are Cisco Systems Inc., Coitor, FittingBox, ICON MULTIMEDIA, SL, INDE, SenseMi, Terawe Corp., Textronics, My Size Inc., Virtusize Co. Ltd, ViuBox, Virtooal Ltd., Dressformer, Astrafit, DigitalDm, Fitnect Interactive, Metail Limited, Zugra Inc., 3D-A-Porter, and Styku Inc.
  • In June 2020, My Size Inc. announced an interactive virtual fitting mirror called Sweet Fit. Sweet Fit uses AR technology to scan the human figures and display a virtual outfit. The solution enables customers to select the right apparel size for a specific brand, based on real-time body measurements.
  • In March 2020, Styku LLC partnered up with Profile by Stanford and announced a nutritional coaching brand. Through this partnership, profile certified coaches are expected to receive training on non-invasive 3D body scanning process from Styku.

Global Virtual Mirror Market By Key Players

Buy Report