Smart Glass Market was valued at US$ 3.10 Bn. in 2020. Global Smart Glass Market size is estimated to grow at a CAGR of 12.79%.
Smart Glass Market Overview:Smart glass is a component, which permits a material that brings a static material and makes it multifunctional. The glass technology offers the material to control light forms like IR, UV, and visible light. Smart glass technology is gaining prominence in the manufacturing industry at rapid pace. The industry undergoes consistent transformations, with technology making a tremendous impact on nearly every stage of the manufacturing process. The current industrial revolution, Industry 4.0 standard are empowering several prolific advancements in the manufacturing landscape. One of the advancements is the emergence and rapid acceptance of smart glass technology. To know about the Research Methodology:- Request Free Sample Report
Smart Glass Market Dynamics:The smart glass market demand has gained prominence in recent years, thanks to raw material innovations and technologies, which has created higher application scope across myriad sectors. Smart glass technology is driving the developments in automotive manufacturing Supply chain and manufacturing operations needs persistent and steady evolution to keep up with industry requirements and customer perceptions in the industry. In the current market scenario, with the technologies and digitalization efforts in Industry 4.0, such as the advent of IIoT, automotive manufacturers are making use of analytics strategies to build customer relationships, reduce costs, and add value through customizations and integrations. The smart glass industry is making significant stride in the automotive industry. Automotive manufacturers are working together to incorporate the technology into their new innovations. For instance, McLaren and Mercedes have offered SPD glass on a number of high-end car models such as the Mercedes S-class sedan. Additionally, automotive manufacturers are working towards making the technology available for a more mainstream market in the near future. The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. The report covers the market dynamics like drivers, restraints, opportunities and challenges by each region.
Smart Glass Market Segment Analysis:Based on the Application, Smart Glass Market is segmented into architectural, transportation, consumer electronics and power generation. The transportation is expected to grow at a CAGR of 9.50% during the forecast period. Automobile manufacturers at incorporating smart glass materials in their vehicle designs to get benefit from its antiglare property. The features like remote access capacity, and dynamic light emission adjustment properties are expected to drive its adoption in transportation industry. The smart glass is also used for doors, windows, sunroofs, windshields, rearview mirrors, and skylights, which helps to minimize heat generation. It provides shading, viewing scope and privacy to users. The Smart glass technology is expected to be great merit in the manufacture of more sustainable vehicles. The technologies have heat controlling properties, lower heat levels in the vehicles, which is expected to offer manufacturers to reduce the size of air conditioner compressors by up to 40%. It helps to reduce the vehicle’s weight as well as cost. In the production of EVs, the technology is expected to increase the 5.5% in battery range in hot weather conditions.
Smart Glass Market Regional Insights:Smart glass has wide scope demand in an application, mainly in the automotive industry. It is used in sunroofs, and exterior and interior automatic dimming rear-view mirrors. Smart glass installations have witnessed in top automotive manufacturers like BMW and Mercedes. Asia Pacific region is expected to contribute more than 35% share in the global market. The region is automotive hub, which has high production scale of vehicles and large consumer base for consumer electronics products. Technological advancements and a recovering economy are some of the prominent factors, which is expected to drive the regional market growth in the near future. smart glass provides a suitable solution for maintaining the internal temperature of buildings or vehicles. The rapid expansion of the construction industry, automotive industry and smart city developing projects across the developing economies are expected to drive the market growth. Key players are focusing to introduce innovative glass solution to attract large number of populaces. For instance, in 2021, Lava would be India's first mobile device company, which will emphasize Gorilla Glass 3. The Z1 smartphone, which is part of a new lineup of Lava devices offer an approach point for many Indian customers with the use of Gorilla Glass 3. The objective of the report is to present a comprehensive analysis of the global Smart Glass Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Smart Glass Market dynamic, structure by analyzing the market segments and projecting the Smart Glass Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Smart Glass Market make the report investor’s guide.
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Smart Glass Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 3.10 Bn. Forecast Period 2021 to 2027 CAGR: 12.79% Market Size in 2027: US $ 7.20 Bn. Segments Covered: by Technology • Electrochromic • PDLC • SPD • Thermochromic • Photochromic by Application • Architectural • Transportation • Consumer electronics • Power generation
Smart Glass Market, by Region• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa
Smart Glass Market Key Players• Gentex Corp. • Active Glass Technologies PLC • Essex Safety Glass Ltd. • InvisiShade, LLC • Nippon Sheet Glass Co. Ltd. • Domoticware • Essex Safety Glass Ltd. • GlasNovations Ltd. • Guardian Industries • E. I. du Pont de Nemours and Company • SPD Control Systems Corporation • VELUX Danmark A/S • ChromoGenics • NeoView Kolon • Glass Apps, LLC. • Saint-Gobain • AGC Inc. • NSG Group • View Inc. • Polytronix • Pleotint • AGP Americas • Smartglass International • Innovative Glass Corp • Hitachi Chemicals
Frequently Asked Questions:1] What segments are covered in the Smart Glass Market report? Ans. The segments covered in the Smart Glass Market report are based on Technology and Application. 2] Which region is expected to hold the highest share in the Smart Glass Market? Ans. The Asia Pacific region is expected to hold the highest share in the Smart Glass Market. 3] What is the market size of the Smart Glass Market by 2027? Ans. The market size of the Smart Glass Market by 2027 is US$ 7.20 Bn. 4] What is the forecast period for the Smart Glass Market? Ans. The forecast period for the Smart Glass Market is 2020-2027. 5] What was the market size of the Smart Glass Market in 2020? Ans. The market size of the Smart Glass Market in 2020 was US$ 3.10 Bn.
1. Global Smart Glass Market Size: Research Methodology 2. Global Smart Glass Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Smart Glass Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Smart Glass Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Smart Glass Market Size Segmentation 4.1. Global Smart Glass Market Size, by Technology (2020-2027) • Electrochromic • PDLC • SPD • Thermochromic • Photochromic 4.2. Global Smart Glass Market Size, by Application (2020-2027) • Architectural • Transportation • Consumer electronics • Power generation 5. North America Smart Glass Market (2020-2027) 5.1. North America Smart Glass Market Size, by Technology (2020-2027) • Electrochromic • PDLC • SPD • Thermochromic • Photochromic 5.2. North America Smart Glass Market Size, by Application (2020-2027) • Architectural • Transportation • Consumer electronics • Power generation 5.3. North America Smart Glass Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Smart Glass Market (2020-2027) 6.1. European Smart Glass Market, by Technology (2020-2027) 6.2. European Smart Glass Market, by Application (2020-2027) 6.3. European Smart Glass Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Smart Glass Market (2020-2027) 7.1. Asia Pacific Smart Glass Market, by Technology (2020-2027) 7.2. Asia Pacific Smart Glass Market, by Application (2020-2027) 7.3. Asia Pacific Smart Glass Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Smart Glass Market (2020-2027) 8.1. The Middle East and Africa Smart Glass Market, by Technology (2020-2027) 8.2. The Middle East and Africa Smart Glass Market, by Application (2020-2027) 8.3. The Middle East and Africa Smart Glass Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Smart Glass Market (2020-2027) 9.1. Latin America Smart Glass Market, by Technology (2020-2027) 9.2. Latin America Smart Glass Market, by Application (2020-2027) 9.3. Latin America Smart Glass Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Gentex Corp 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Active Glass Technologies PLC 10.3. Essex Safety Glass Ltd. 10.4. InvisiShade, LLC 10.5. Nippon Sheet Glass Co. Ltd. 10.6. Domoticware 10.7. Essex Safety Glass Ltd. 10.8. GlasNovations Ltd. 10.9. Guardian Industries 10.10. E. I. du Pont de Nemours and Company 10.11. SPD Control Systems Corporation 10.12. VELUX Danmark A/S 10.13. ChromoGenics 10.14. NeoView Kolon 10.15. Glass Apps, LLC. 10.16. Saint-Gobain 10.17. AGC Inc. 10.18. NSG Group 10.19. View Inc. 10.20. Polytronix 10.21. Pleotint 10.22. AGP Americas 10.23. Smartglass International 10.24. Innovative Glass Corp 10.25. Hitachi Chemicals