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Increasing Applications of Glass & Penetration of Smart Glass are Driving the Global Automotive Glass Market

11-15-2019 11:53 AM CET | Associations & Organizations

Press release from: MarketsandMarkets

Increasing Applications of Glass & Penetration of Smart Glass

The report "Automotive Glass Market by Type (Laminated, Tempered), Application (Windshield, Sidelite, Backlite, Rear Quarter Glass, Side & Rear-View Mirrors), Material (IR-PVB, Metal Coated, Tinted), ICE & EV, Aftermarket, and Region - Global Forecast to 2025", Automotive Glass Market is projected to grow at a CAGR of 4.80%, to reach a market size of USD 23.6 billion by 2025.

The market is driven by increasing vehicle production & sales, demand for advanced glass technologies such as smart glass device & embedded glass, and government regulations for vehicle safety.

View Full TOC @ https://www.marketsandmarkets.com/Market-Reports/automotive-glass-market-229009655.html

The major players in the automotive glass market are Saint-Gobain (France), Asahi Glass (Japan), Fuyao Glass (China), Samvardhana Motherson (India), Webasto (Germany), Xinyi Glass (China), Nippon Sheet Glass (Japan), Gentex Corporation (US), Corning (US), and Magna International (Canada).

Laminated glass is the fastest-growing segment globally. Laminated glass has a major application in the vehicle windshield. Laminated side glazing in automobiles is one of the most desired automotive technologies. Some European OEMs such as BMW and Mercedes have standardized side glazing in some of their top-selling models. It provides enhanced safety to passengers in case of the vehicle rolls over in an accident.

A sunroof is the largest and fastest-growing smart glass application in the smart glass market for automotive. It provides more control to the user to manage natural light in the vehicle. Smart glass technology in sunroof is being used by Daimler and Mercedes-Benz models such as SL, SLK series. Technological advancements, the presence of interested industry players, and the high demand for energy-efficient products also play an important role in the growth of the market for sunroof made of smart glass.

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Passenger Car is the largest and the fastest-growing aftermarket for automotive glass. Various factors such as stringent and regionally varying regulations, accident rates, technological advancements such as smart glass and demand for privacy glass will influence the demand of the aftermarket for automotive glass. The regional and local players also play an important role in the aftermarket of automotive glass.

Rearview mirror is the largest segment of the device embedded automotive glass. Rearview mirror is among the first applications of device embedded glass in passenger cars. It not only provides important information to the driver when parking the vehicle but also warns about any obstacle approaching the vehicle from behind. Technological advancements by Gentex (US) and Samvardhana Motherson (India) have ensured that device embedded rearview mirrors are available at an economical price point.

Asia Oceania is estimated to be the largest automotive glass market and is also projected to grow at the highest CAGR from 2017 to 2025. The market growth in the region can be attributed to the rising GDP, increasing per capita income, and growing demand for passenger vehicles and compact SUVs. Additionally, increasing consumer preference for SUVs, especially in India and China, is expected to drive the automotive glass market. The average volume of glass used in an SUV is significantly more than other passenger cars. Saint-Gobain has expanded its facility in Chennai, India, with an investment of USD 300 million to develop high-end glass for the automotive market. Asahi Glass has also expanded its facility in Indonesia to manufacture float glass for the automotive industry. These expansions have helped companies increase their market share in the automotive glass market in the region.

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Target Audience:

1. Automotive glass manufacturers
2. Automotive smart glass manufacturers
3. Device embedded glass manufacturers
4. Suppliers of raw material for automotive glass
5. Experts from the automotive smart glass industry
6. Dealers and distributors of automotive glass
7. Automotive Original Equipment Manufacturers (OEMs)
8. Automobile industry and related end-user industries

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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