Rising Adoption Rate in the End-User Industries Resulting in the Smart Glass Demand During 2020-25

The smart glass market is projected to foresee a robust pace due to the rising adaption of smart glass for energy efficiency, decrease in carbon emission, and increasing integration in commercial smart windows and panels in the verticals such as automotive, architectural, transportation, and construction industry. In addition, the growing environmental concerns and green initiatives about energy consumption, boost in government support to augment the use of smart glass in the eco-friendly vehicles and buildings, along with rising advanced experimenting in the use of smart glass in electronics are anticipated to propel the demand for smart glasses in the forecast period.

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According to MarkNtel Advisors’ research report titled “Global Smart Glass Market Analysis, 2020”, the market size of Smart Glass across the globe is anticipated to grow at a CAGR of around 15% during 2020-25. Based on technology, the electrochromic smart glass acquired the substantial market share in the Global Smart Glass market in 2019 owing to its rising demand in the vertical such as automotive applications such as glare-free automotive rear-view mirrors, sunroofs. The application of electrochromic glasses is gradually becoming prominent in architectural segment due to features such as reducing energy costs and delivering high blockage ratio of hazardous IR and UV rays. Moreover, increasing disposable income and boost in the demand for luxury automobiles is leading to a strong demand for the smart glass in the forthcoming period.

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“Global Smart Glass Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Smart Glass providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

North America Exhibited the Highest Share
North America accounted for the largest market in the Global Smart Glass market in 2019 on an account of significant rise in the production and consumption of smart glass due huge investment made in the commercial projects.

The Asia-Pacific market is also expected to grow at a steady rate in the forecast years. China is considered a prominent manufacturer and consumer of smart glass. Moreover, Japan and South Korea are also increasingly inclining toward the use of the product automobile and construction sector. Besides this, the favorable government initiative toward the construction industry and bolstering production of automobile is anticipated to catalyze the market growth of the Smart Glass market in the coming period as stated in the MarkNtel Advisors’ research report “Global Smart Glass Market Analysis, 2020”.

According to MarkNtel Advisors, the key players with a considerable market share in the Global Smart Glass market include SAGE Electrochromics, Research Frontiers, View, Inc., Asahi Glass Co., Gentex, Hitachi Chemical, Glass Apps, Pleotint, Polytronix, RavenWindow, Scienstry, Smartglass International, and SPD Control Systems.


Key questions answered in the study:
1. What are the current and future trends of the Smart Glass industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Smart Glass industry?
5. What is the customers orientation, purchase behavior, and expectations from the Smart Glass firms across various regions?

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ABOUT MarkNtel Advisors (https://www.marknteladvisors.com/ ):
MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

We understand the growing need of our clients and thus focus on emerging industries to provide our services which can fulfill their need for assessing the current and future industry potential, identification of white spaces & hotspots and venturing into new geographies or business segments.

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