Press release
Smart Glass Market to Witness Growth Acceleration During 2019-2025 | Key players are Saint-Gobain, SmartGlass International, Ravenbrick, Sage Electronics, Hitachi Chemical
Smart Glass Market
Suspended particle devices and electrochromic glass has a substantial market share among active glasses due to its use in automotive and architectural applications. Liquid crystal glasses finds its major use in electronic devices and its market will likely grow at a fast pace in the coming years. Passive glasses can be sub segmented into photochromic and thermochromic glass. These categories are mostly used in power generation.
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Smart Glass Market size is forecast to grow at a high rate from 2016 to 2024. Growing demand for sustainable energy solutions will drive the smart glass market during the forecast period.
Global smart glass market will be driven by rising trend for green and eco-friendly buildings and non-electric technologies. Growing demand for smart glasses in automobile, electronics, aerospace and aviation industries will fuel the markets growth. Government initiatives for energy conservation and the products use in solar power generation is estimated to propel the market during the forecast period.
By end use applications, global smart glass market is segmented into five categories viz. architecture, transportation, power generation, electronics and others. Architectural end users include both commercial and residential buildings and this segment is expected to drive the market in the future. Transportation segment consists of automotive, aerospace, railways and marine end users.
Reasons to Buy This Report:
1. Smart Glass Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Key Smart Glass Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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The global smart glass market is divided into five regions viz. North America, Asia pacific, Europe, Middle East & Africa and Latin America. North America dominates the smart glass market with high production as well as consumption closely followed by Europe and Asia Pacific. European market is estimated to grow substantially in the forecast period and may overtake the North American market due to architectural design differences with other regions, for example - larger sized windows in residential and commercial buildings and updated standards of building construction and efficiency. Asia pacific is likely to witness strong growth owing to the booming automobile industry and infrastructural developments in this region.
Key players in the global smart glass market are Saint-Gobain, SmartGlass International, Ravenbrick, Sage Electronics, Hitachi Chemical, Asahi Corporation, DuPont, PPG Industries, Active Glass Technologies, View Inc., Corning, Gentex Corporation and Research Frontiers.
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