Press release
Automotive Smart Glass Market Reflecting at 25% of CAGR till 2023 | Top Leading Players as CORNING INC., DUPONT, SAINT-GOBAIN, AGP GLASS, HITACHI LTD, RESEARCH FRONTIERS, ASAHI GLASS CO., amongst others
Market Analysis:North America to Dominate the Market
North America was the largest market for automotive smart glass as of 2017. Europe was the second largest market, while Asia-Pacific region is expected to grow at a faster pace.
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Increasing global population and a subsequent spike in vehicle-owning households spiked up demand for comfortable ride features such as sunroofs. Stringent emission regulations, ban on tinted glasses in countries like India, limited durability of window blinds, increasing emphasis over interiors to improve the comfort, as well as aesthetics of the vehicle are some of the significant factors that are driving the market for automotive smart glass towards growth. Suspended particle device (SPD), Polymer Dispersed Liquid Crystal (PDLC), Electrochromics are some of the technologies currently in use for manufacturing of automotive smart glass.
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Market Segments:
Automotive Smart Glass Market is segmented by:
1. Technology Type: Electrochromoics, Polymer Dispersed Liquid Device (PDLC), Suspended Particle Device (SPD)
2. Application: Rear & Side Windows, Sunroof Glass, Others (Windshields & Interiors)
3. Vehicle Type: Passenger Cars, Commercial Vehicles
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key Developments in the Market: Hitachi Chemical has developed an SPD Film “LCF -1103DHA” through a license agreement with Research Frontiers Inc. This product from Hitachi allows the users to quickly control the amount of light, glare, and heat passing through the window.
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