Virtual Mirror Market
PUBLISHED: 2020 ID: SMRC19561
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Virtual Mirror Market

Virtual Mirror - Global Market Outlook (2019 -2027)

5.0 (42 reviews)
5.0 (42 reviews)
Published: 2020 ID: SMRC19561

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Virtual Mirror Market is accounted for $4.49 billion in 2019 and is expected to reach $24.50 billion by 2027 growing at a CAGR of 23.6% during the forecast period. While the factors like, ease of trying clothes in a virtual environment in stores and increasing number of e - commerce platforms and usage of internet for retailing are the major factors propelling the market growth. However, the government regulation limiting the use of virtual mirrors in automobiles is hampering the market growth.

A virtual mirror is a blend of RFID technology plus augmented reality which act as a virtual fitting room. The device displays the user’s own image on a screen as if that screen were a mirror. Several versions feature augmented reality additions to the video display, or use a completely virtual graphical avatar of the user.

Based on the component, the software segment is estimated to have a lucrative growth due to the need for providing visual interactive features on enthusiastic hardware systems such as mirrors and kiosks. The software ensures well-matched display on apps and websites for trying clothes and accessories in a virtual world.

By geography, Europe is going to have a lucrative growth during the forecast period due to the usage of virtual mirrors in the retail and hospitality verticals. Europe is famous for its fashion and hospitality industries. The regional market is also open to innovations in the automotive industry due to the implementation of virtual windscreen solutions for luxury cars.

Some of the key players profiled in the Virtual Mirror Market include SenseMi ViuBox, Virtusize, True Fit Corporation, Dressformer, Styku, Bodymetrics, Total Immersion, Fits.me Holdings Limited, Cisco Systems, Astrafit, DigitalDM, International Business Machine Corporation, Metail Limited, 3D - A – Porter and Zugara, Inc.  

Deployment Modes Covered:
• On-premises
• Cloud

Components Covered:
• Software
• Hardware
• Services  

Technologies Covered:
• 3D Augmented Reality & Virtual Reality
• 3D Body Scanning
• Photo Accurate VFR

End Users Covered:
• Retail
• Automotive

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance

Table of Contents

1 Executive Summary        
         
2 Preface  
      
 2.1 Abstract       
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology       
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions      
         
3 Market Trend Analysis        
 3.1 Introduction       
 3.2 Drivers       
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats       
 3.6 Technology Analysis       
 3.7 End User Analysis       
 3.8 Emerging Markets       
 3.9 Impact of Covid-19       
         
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry       
         
5 Global Virtual Mirror Market, By Deployment Mode        
 5.1 Introduction       
 5.2 On-premises       
 5.3 Cloud       
         
6 Global Virtual Mirror Market, By Component        
 6.1 Introduction       
 6.2 Software       
  6.2.1 Mobile Application      
  6.2.2 Firmware/Platform      
 6.3 Hardware       
 6.4 Services       
  6.4.1 Consultation, Maintenance, and Repair      
  6.4.2 Integration & Upgradation      
         
7 Global Virtual Mirror Market, By Technology        
 7.1 Introduction       
 7.2 3D Augmented Reality & Virtual Reality       
 7.3 3D Body Scanning       
 7.4 Photo Accurate VFR       
         
8 Global Virtual Mirror Market, By End User        
 8.1 Introduction       
 8.2 Retail       
  8.2.1 Brick & Mortar      
  8.2.2 E-commerce      
 8.3 Automotive       
         
9 Global Virtual Mirror Market, By Geography        
 9.1 Introduction       
 9.2 North America       
  9.2.1 US      
  9.2.2 Canada      
  9.2.3 Mexico      
 9.3 Europe       
  9.3.1 Germany      
  9.3.2 UK      
  9.3.3 Italy      
  9.3.4 France      
  9.3.5 Spain      
  9.3.6 Rest of Europe      
 9.4 Asia Pacific       
  9.4.1 Japan      
  9.4.2 China      
  9.4.3 India      
  9.4.4 Australia      
  9.4.5 New Zealand      
  9.4.6 South Korea      
  9.4.7 Rest of Asia Pacific      
 9.5 South America       
  9.5.1 Argentina      
  9.5.2 Brazil      
  9.5.3 Chile      
  9.5.4 Rest of South America      
 9.6 Middle East & Africa       
  9.6.1 Saudi Arabia      
  9.6.2 UAE      
  9.6.3 Qatar      
  9.6.4 South Africa      
  9.6.5 Rest of Middle East & Africa      
          
10 Key Developments        
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 10.2 Acquisitions & Mergers       
 10.3 New Product Launch       
 10.4 Expansions       
 10.5 Other Key Strategies       
         
11 Company Profiling        
 11.1 SenseMi ViuBox        
 11.2 Virtusize       
 11.3 True Fit Corporation       
 11.4 Dressformer       
 11.5 Styku       
 11.6 Bodymetrics       
 11.7 Total Immersion       
 11.8 Fits.me Holdings Limited       
 11.9 Cisco Systems       
 11.10 Astrafit       
 11.11 DigitalDM       
 11.12 International Business Machine Corporation       
 11.13 Metail Limited       
 11.14 3D - A - Porter       
 11.15 Zugara, Inc.       


List of Tables          
1 Global Virtual Mirror Market Outlook, By Region (2018-2027) ($MN)        
2 Global Virtual Mirror Market Outlook, By Deployment Mode (2018-2027) ($MN)        
3 Global Virtual Mirror Market Outlook, By On-premises (2018-2027) ($MN)        
4 Global Virtual Mirror Market Outlook, By Cloud (2018-2027) ($MN)        
5 Global Virtual Mirror Market Outlook, By Component (2018-2027) ($MN)        
6 Global Virtual Mirror Market Outlook, By Software (2018-2027) ($MN)        
7 Global Virtual Mirror Market Outlook, By Mobile Application (2018-2027) ($MN)        
8 Global Virtual Mirror Market Outlook, By Firmware/Platform (2018-2027) ($MN)        
9 Global Virtual Mirror Market Outlook, By Hardware (2018-2027) ($MN)        
10 Global Virtual Mirror Market Outlook, By Services (2018-2027) ($MN)        
11 Global Virtual Mirror Market Outlook, By Consultation, Maintenance, and Repair (2018-2027) ($MN)        
12 Global Virtual Mirror Market Outlook, By Integration & Upgradation (2018-2027) ($MN)        
13 Global Virtual Mirror Market Outlook, By Technology (2018-2027) ($MN)        
14 Global Virtual Mirror Market Outlook, By 3D Augmented Reality & Virtual Reality (2018-2027) ($MN)        
15 Global Virtual Mirror Market Outlook, By 3D Body Scanning (2018-2027) ($MN)        
16 Global Virtual Mirror Market Outlook, By Photo Accurate VFR (2018-2027) ($MN)        
17 Global Virtual Mirror Market Outlook, By End User (2018-2027) ($MN)        
18 Global Virtual Mirror Market Outlook, By Retail (2018-2027) ($MN)        
19 Global Virtual Mirror Market Outlook, By Brick & Mortar (2018-2027) ($MN)        
20 Global Virtual Mirror Market Outlook, By E-commerce (2018-2027) ($MN)        
21 Global Virtual Mirror Market Outlook, By Automotive (2018-2027) ($MN)        
22 North America Virtual Mirror Market Outlook, By Country (2018-2027) ($MN)        
23 North America Virtual Mirror Market Outlook, By Deployment Mode (2018-2027) ($MN)        
24 North America Virtual Mirror Market Outlook, By On-premises (2018-2027) ($MN)        
25 North America Virtual Mirror Market Outlook, By Cloud (2018-2027) ($MN)        
26 North America Virtual Mirror Market Outlook, By Component (2018-2027) ($MN)        
27 North America Virtual Mirror Market Outlook, By Software (2018-2027) ($MN)        
28 North America Virtual Mirror Market Outlook, By Mobile Application (2018-2027) ($MN)        
29 North America Virtual Mirror Market Outlook, By Firmware/Platform (2018-2027) ($MN)        
30 North America Virtual Mirror Market Outlook, By Hardware (2018-2027) ($MN)        
31 North America Virtual Mirror Market Outlook, By Services (2018-2027) ($MN)        
32 North America Virtual Mirror Market Outlook, By Consultation, Maintenance, and Repair (2018-2027) ($MN)        
33 North America Virtual Mirror Market Outlook, By Integration & Upgradation (2018-2027) ($MN)        
34 North America Virtual Mirror Market Outlook, By Technology (2018-2027) ($MN)        
35 North America Virtual Mirror Market Outlook, By 3D Augmented Reality & Virtual Reality (2018-2027) ($MN)        
36 North America Virtual Mirror Market Outlook, By 3D Body Scanning (2018-2027) ($MN)        
37 North America Virtual Mirror Market Outlook, By Photo Accurate VFR (2018-2027) ($MN)        
38 North America Virtual Mirror Market Outlook, By End User (2018-2027) ($MN)        
39 North America Virtual Mirror Market Outlook, By Retail (2018-2027) ($MN)        
40 North America Virtual Mirror Market Outlook, By Brick & Mortar (2018-2027) ($MN)        
41 North America Virtual Mirror Market Outlook, By E-commerce (2018-2027) ($MN)        
42 North America Virtual Mirror Market Outlook, By Automotive (2018-2027) ($MN)        
43 Europe Virtual Mirror Market Outlook, By Country (2018-2027) ($MN)        
44 Europe Virtual Mirror Market Outlook, By Deployment Mode (2018-2027) ($MN)        
45 Europe Virtual Mirror Market Outlook, By On-premises (2018-2027) ($MN)        
46 Europe Virtual Mirror Market Outlook, By Cloud (2018-2027) ($MN)        
47 Europe Virtual Mirror Market Outlook, By Component (2018-2027) ($MN)        
48 Europe Virtual Mirror Market Outlook, By Software (2018-2027) ($MN)        
49 Europe Virtual Mirror Market Outlook, By Mobile Application (2018-2027) ($MN)        
50 Europe Virtual Mirror Market Outlook, By Firmware/Platform (2018-2027) ($MN)        
51 Europe Virtual Mirror Market Outlook, By Hardware (2018-2027) ($MN)        
52 Europe Virtual Mirror Market Outlook, By Services (2018-2027) ($MN)        
53 Europe Virtual Mirror Market Outlook, By Consultation, Maintenance, and Repair (2018-2027) ($MN)        
54 Europe Virtual Mirror Market Outlook, By Integration & Upgradation (2018-2027) ($MN)        
55 Europe Virtual Mirror Market Outlook, By Technology (2018-2027) ($MN)        
56 Europe Virtual Mirror Market Outlook, By 3D Augmented Reality & Virtual Reality (2018-2027) ($MN)        
57 Europe Virtual Mirror Market Outlook, By 3D Body Scanning (2018-2027) ($MN)        
58 Europe Virtual Mirror Market Outlook, By Photo Accurate VFR (2018-2027) ($MN)        
59 Europe Virtual Mirror Market Outlook, By End User (2018-2027) ($MN)        
60 Europe Virtual Mirror Market Outlook, By Retail (2018-2027) ($MN)        
61 Europe Virtual Mirror Market Outlook, By Brick & Mortar (2018-2027) ($MN)        
62 Europe Virtual Mirror Market Outlook, By E-commerce (2018-2027) ($MN)        
63 Europe Virtual Mirror Market Outlook, By Automotive (2018-2027) ($MN)        
64 Asia Pacific Virtual Mirror Market Outlook, By Country (2018-2027) ($MN)        
65 Asia Pacific Virtual Mirror Market Outlook, By Deployment Mode (2018-2027) ($MN)        
66 Asia Pacific Virtual Mirror Market Outlook, By On-premises (2018-2027) ($MN)        
67 Asia Pacific Virtual Mirror Market Outlook, By Cloud (2018-2027) ($MN)        
68 Asia Pacific Virtual Mirror Market Outlook, By Component (2018-2027) ($MN)        
69 Asia Pacific Virtual Mirror Market Outlook, By Software (2018-2027) ($MN)        
70 Asia Pacific Virtual Mirror Market Outlook, By Mobile Application (2018-2027) ($MN)        
71 Asia Pacific Virtual Mirror Market Outlook, By Firmware/Platform (2018-2027) ($MN)        
72 Asia Pacific Virtual Mirror Market Outlook, By Hardware (2018-2027) ($MN)        
73 Asia Pacific Virtual Mirror Market Outlook, By Services (2018-2027) ($MN)        
74 Asia Pacific Virtual Mirror Market Outlook, By Consultation, Maintenance, and Repair (2018-2027) ($MN)        
75 Asia Pacific Virtual Mirror Market Outlook, By Integration & Upgradation (2018-2027) ($MN)        
76 Asia Pacific Virtual Mirror Market Outlook, By Technology (2018-2027) ($MN)        
77 Asia Pacific Virtual Mirror Market Outlook, By 3D Augmented Reality & Virtual Reality (2018-2027) ($MN)        
78 Asia Pacific Virtual Mirror Market Outlook, By 3D Body Scanning (2018-2027) ($MN)        
79 Asia Pacific Virtual Mirror Market Outlook, By Photo Accurate VFR (2018-2027) ($MN)        
80 Asia Pacific Virtual Mirror Market Outlook, By End User (2018-2027) ($MN)        
81 Asia Pacific Virtual Mirror Market Outlook, By Retail (2018-2027) ($MN)        
82 Asia Pacific Virtual Mirror Market Outlook, By Brick & Mortar (2018-2027) ($MN)        
83 Asia Pacific Virtual Mirror Market Outlook, By E-commerce (2018-2027) ($MN)        
84 Asia Pacific Virtual Mirror Market Outlook, By Automotive (2018-2027) ($MN)        
85 South America Virtual Mirror Market Outlook, By Country (2018-2027) ($MN)        
86 South America Virtual Mirror Market Outlook, By Deployment Mode (2018-2027) ($MN)         
87 South America Virtual Mirror Market Outlook, By On-premises (2018-2027) ($MN)        
88 South America Virtual Mirror Market Outlook, By Cloud (2018-2027) ($MN)        
89 South America Virtual Mirror Market Outlook, By Component (2018-2027) ($MN)        
90 South America Virtual Mirror Market Outlook, By Software (2018-2027) ($MN)        
91 South America Virtual Mirror Market Outlook, By Mobile Application (2018-2027) ($MN)        
92 South America Virtual Mirror Market Outlook, By Firmware/Platform (2018-2027) ($MN)        
93 South America Virtual Mirror Market Outlook, By Hardware (2018-2027) ($MN)        
94 South America Virtual Mirror Market Outlook, By Services (2018-2027) ($MN)        
95 South America Virtual Mirror Market Outlook, By Consultation, Maintenance, and Repair (2018-2027) ($MN)        
96 South America Virtual Mirror Market Outlook, By Integration & Upgradation (2018-2027) ($MN)        
97 South America Virtual Mirror Market Outlook, By Technology (2018-2027) ($MN)         
98 South America Virtual Mirror Market Outlook, By 3D Augmented Reality & Virtual Reality (2018-2027) ($MN)        
99 South America Virtual Mirror Market Outlook, By 3D Body Scanning (2018-2027) ($MN)        
100 South America Virtual Mirror Market Outlook, By Photo Accurate VFR (2018-2027) ($MN)        
101 South America Virtual Mirror Market Outlook, By End User (2018-2027) ($MN)        
102 South America Virtual Mirror Market Outlook, By Retail (2018-2027) ($MN)        
103 South America Virtual Mirror Market Outlook, By Brick & Mortar (2018-2027) ($MN)        
104 South America Virtual Mirror Market Outlook, By E-commerce (2018-2027) ($MN)        
105 South America Virtual Mirror Market Outlook, By Automotive (2018-2027) ($MN)        
106 Middle East & Africa Virtual Mirror Market Outlook, By Country (2018-2027) ($MN)        
107 Middle East & Africa Virtual Mirror Market Outlook, By Deployment Mode (2018-2027) ($MN)        
108 Middle East & Africa Virtual Mirror Market Outlook, By On-premises (2018-2027) ($MN)        
109 Middle East & Africa Virtual Mirror Market Outlook, By Cloud (2018-2027) ($MN)        
110 Middle East & Africa Virtual Mirror Market Outlook, By Component (2018-2027) ($MN)        
111 Middle East & Africa Virtual Mirror Market Outlook, By Software (2018-2027) ($MN)        
112 Middle East & Africa Virtual Mirror Market Outlook, By Mobile Application (2018-2027) ($MN)        
113 Middle East & Africa Virtual Mirror Market Outlook, By Firmware/Platform (2018-2027) ($MN)        
114 Middle East & Africa Virtual Mirror Market Outlook, By Hardware (2018-2027) ($MN)        
115 Middle East & Africa Virtual Mirror Market Outlook, By Services (2018-2027) ($MN)        
116 Middle East & Africa Virtual Mirror Market Outlook, By Consultation, Maintenance, and Repair (2018-2027) ($MN)        
117 Middle East & Africa Virtual Mirror Market Outlook, By Integration & Upgradation (2018-2027) ($MN)        
118 Middle East & Africa Virtual Mirror Market Outlook, By Technology (2018-2027) ($MN)        
119 Middle East & Africa Virtual Mirror Market Outlook, By 3D Augmented Reality & Virtual Reality (2018-2027) ($MN)        
120 Middle East & Africa Virtual Mirror Market Outlook, By 3D Body Scanning (2018-2027) ($MN)        
121 Middle East & Africa Virtual Mirror Market Outlook, By Photo Accurate VFR (2018-2027) ($MN)        
122 Middle East & Africa Virtual Mirror Market Outlook, By End User (2018-2027) ($MN)        
123 Middle East & Africa Virtual Mirror Market Outlook, By Retail (2018-2027) ($MN)        
124 Middle East & Africa Virtual Mirror Market Outlook, By Brick & Mortar (2018-2027) ($MN)        
125 Middle East & Africa Virtual Mirror Market Outlook, By E-commerce (2018-2027) ($MN)        
126 Middle East & Africa Virtual Mirror Market Outlook, By Automotive (2018-2027) ($MN)        

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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