Global Smart Mirror Market was valued at US$ 2.87 Bn in 2018 and is expected to reach US$ 6.54 Bn by 2026, at a CAGR of 10.84% during a forecast period.

Based on application, the automotive sector is expected to hold the largest share in the market during the forecast period owing to rising automation industry across the globe. On the basis of component, software segment is projected to lead the market growth during the forecast period due to software is an essential part of a smart mirror, which is used in hospital and smart home applications. The software has features such as display any information on a screen and 3D modeling are expected to propel the market growth during the forecast period.

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Major driving factors of the market are rising vehicles production, construction activities are increasing in the residential sector, and growing technological advancements. Growing usage of IoT and rise in penetration of smart technologies are expected to surge the market growth during the forecast period. The increasing acceptance of smart home technology, integrating organic light emitting diode in smart mirrors and increased adoption of smart mirrors in hotels and public restrooms, which is surging the global smart mirrors market growth in a positive way. Various government bodies are implementing camera display mirrors in light motor vehicles in some nations are also expected to drive the market growth. However, lack of technological knowledge and a high cost of a product are act as restraints in the market. The report provides an in-detail list of drivers and restraints in the market, which are influencing the market growth. Additionally, provides expected opportunities and emerging trends.

North America is projected to hold the largest share in the market during the forecast period owing to growing technological advancements, developed economy, and changing living standards of the consumers. Growing adoption of smart mirrors in hotels & restaurants, shopping mall, and the automotive sector is fuelling the market growth in this region. Asia Pacific is expected to generate the highest CAGR during the forecast period owing to increasing disposable income of consumers and increasing production of vehicles. The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.

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Key player’s studies, analyzed, profiled and benchmarked inSmart Mirror Market areGentex Corporation, Magna International Inc., Japan Display Inc., Samsung Electronics, and Murakami Kaimeido.

The Scope of the Report for Global Smart Mirror Market

Global Smart Mirror Market, by Component

Software
Hardware
Services
Global Smart Mirror Market, by Application

Healthcare
Automotive
Residential
Others
Global Smart Mirror Market, by Region

North America
Europe
Asia Pacific
Middle East & Africa
South America

Key Players Operating in Global Smart Mirror Market

Gentex Corporation
Magna International Inc.
Japan Display Inc.
Samsung Electronics
Murakami Kaimeido
Seura
Perseus Mirrors
Ficosa
Dension
Electric Mirror
Panasonic
Pro Display
Tech2o
Toshiba Corp

 Global Hybrid Composites Market was valued at US$ 436 Mn in 2017 and is expected to reach US$ 1288 Mn by 2026, at a CAGR of 14.50 % during a forecast period.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding hybrid composites market dynamics, structure by identifying and analyzing the market segments by Fiber Type, Resin, End-user, and Region and, project the global market size. Further, report also focus on competitive analysis of key players by materials, price, financial position, materials portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to particular market segment.

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Hybrid composites are formed using two or more reinforcement fibers to combine properties of different fibers. These composites are used when longitudinal and lateral mechanical performances are required. The hybrid composites are formed by various configurations of fibers, which include fiber by fiber mixtures, skin-core-skin structures, layer-by-layer mixtures, tow-by-tow mixtures, internal ribs, and external ribs. The properties of a hybrid composite mainly depend upon the fiber content, length of individual fibres, orientation, extent of intermingling of fibres, fiber to matrix bonding and arrangement of both the fibres.

The strength of the hybrid composite is also dependent on the failure strain of individual fibres. Maximum hybrid results are obtained when the fibres are highly strain compatible. Hybrid composites provide wider opportunities to control material stiffness, strength, and cost. The major restraint of hybrid composite have high recurring costs, have very expensive repairs and maintenance. Additionally, they are low cost and lightweight. The increasing demand for lightweight aircraft and automobile across the globe owing to stringent regulations for environment protection by the US Environmental Protection Agency and the European Chemicals Agency is one of the primary factors promoting the growth of hybrid composites market.

Based on fiber type, Carbon/glass fiber hybrid composite parts are lighter and stronger than their metal counterparts, due to which, they are extensively used in many industries, including automotive & transportation and wind energy. Carbon/glass hybrid fiber composites are used in high-end vehicles to reduce the overall cost. Users can get up to 90% of carbon’s benefits at a cost much lower than what they would have to incur in case of using carbon fiber. Parts made out of these hybrid composites provide a high strength to weight ratio and are devoid of corrosion.

In terms of resins, Thermoset resins exhibit outstanding strength and crack resistance. These resins are suitable for use in automotive & transportation and marine Resins, which are some of the largest end-use industries requiring materials that possess high strength, lightweight, and flammability performance. Thermoset resin dominates the hybrid composite market owing to its wide-scale Resins in various end-use industries including automotive & transportation, aerospace & defense, wind energy, and marine.

In terms of end-user, the automotive & transportation segment accounts for highest share in terms of revenue in the global market. The automotive & transportation industry uses hybrid composites to reduce weight and increase the fuel efficiency of vehicles. The use of hybrid composites in the automotive industry has enabled good performance and luxury at economical pricing. The better cost and performance properties offered by hybrid composites is expected to drive their demand in the automotive & transportation end-use industry.

Europe is the major revenue generating region in the hybrid composites market. Europe is home to some of the major automotive and aerospace & defense equipment manufacturers, which create demand for hybrid composites in the region. The infrastructure industry in Asia-Pacific has been growing at a healthy rate in recent times. Hence, the region is estimated to witness tremendous growth rate over the assessment period in the Cement Board market.

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Scope of Global Hybrid Composites Market:

Global Hybrid Composites Market, by Fiber Type:

Carbon/Glass
Carbon/Aramid
Hmpp (High-Modulus Polypropylene)
Uhmwpe (Ultra High Molecular Weight Polyethylene)

Global Hybrid Composites Market, by Resin:

Thermoplastic
Thermosetting

Global Hybrid Composites Market, by End-User:

Automotive & Transportation
Aerospace & Defense
Wind Energy
Marine
Sporting Goods
Others

Global Hybrid Composites Market, by Region:

North America
Europe
Middle East & Africa
Asia Pacific
Latin America

Key Players Operating In Global Hybrid Composites Market:

Royal DSM N.V.
SGL Group
Gurit
Hexcel Corporation
Teijin Limited
General Electric
Exel Composites
Innegra Technologies
Solvay
PlastiComp