Global Smart Glass and Smart Window Market was valued US$ 3.2 Bn in 2019 and is expected to reach US$ 9.2 Bn by 2027 at a CAGR of 14.11% during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Driving factors for global smart glass and smart window market are surging demand for smart glass based products in construction sector, stringent government regulations to control risk-oriented incidents and smart glass compensating artificial expenditure. New advancements in the technology and decline in the price of electro chromic materials expected to create the opportunity for smart glass and glass window market.
High cost of smart glass is limiting the growth of global smart glass and window market. The demand for smart glass and smart window is expected to surge because of heavy investments in the R&D of glass based products Smart glass and window has the ability to control lighting systems and could be invaluable to end users, as they can arrange for fixed lighting schedules and monitor energy consumption. Electric vehicles present a long-term growing opportunity and the increase in automotive application content, particularly switching glasses and vision panels, offer better opportunities. Smart glasses in automobile are projected give 98% UV protection and 40% solar reduction, thus making the vehicle cabin more comfortable.
North America is expected to dominate the market in the near future. In North America, there are many devices that are being used by residents, like smart security systems, smart light bulbs, network cameras, and multi-room audio systems. Thus, there is an attractive market for smart glasses and window, which is anticipated to accelerate the growth of the market. The effective in the real estate sector of the Asia Pacific region is expected to offer a sizeable market opportunity over the next years. Furthermore, growth opportunities exist in the areas of automotive as manufacturers are increasingly using tinted and switchable products as an alternative to conventional glasses. For instance, the new Mercedes-Benz SLC has incorporated the SPD smart glass technology developed by Research Frontiers.
The industry is dominated by a few major players like Asahi Glass Co., Ltd., Corning Incorporated, Saint Gobain S.A., and DuPont that is offering niche solutions for end-use applications. However, as no single player has expertise in manufacturing of all kinds of smart glass and smart window technologies, there exists a significant opportunity for industry consolidations, to gain a strong hold in the market. Key players are treating in making investments and partnering with technology providers to develop innovative and differentiated products. For instance, in February 2017, Kinestral Technologies declared a huge investment to begin its smart glass and smart window production in Taiwan.
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 dynamics, structure by analyzing the market segments by type, application and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Smart glass and smart window market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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Global Smart Glass and Smart Window Market by Technology
• Active Glasses
• Passive Glasses
Global Smart Glass and Smart Window Market by Application
Global Smart Glass and Smart Window Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Smart Glass and Smart Window Market
• Pleotint Llc,
• Research Frontiers Inc.,
• View Inc.,
• Asahi Glass Co., Ltd.,
• Hitachi Chemicals Co., Ltd.
• Gentex Corporation
• Glasnovations Ltd.
• Heliotrope Technologies
• SAGE Electrochromics, Inc
• Vista Window Company
• Saint Gobain S.A
• Smart Glass International
• Research Frontiers Incorporate
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