Smart Glass Market Insights, Key Players and Top Factors Driving the Market 2022 - 2030 | Saint-Gobain Group, Ravenwindow (Ravenbrick LLC), PPG Industries, Inc

The new research report published by Report Ocean, the global smart glass market size will reach US $$ billion by 2030 from US $$ million in 2021, growing at a CAGR of % from 2022 to 2030.

The research report offers an in-depth analysis of the global smart glass market, with particular attention paid to its key players and their business strategies, geographic development, market segmentation, competitive environment, production, pricing, and cost structure.

The report studies each area of the essential components of the global market. It also covers the driving forces, constraints, trends, and opportunities of the market.

The report's qualitative and quantitative analysis will assist businesses in conducting extensive research on the global market. It also highlights the SWOT analysis, PESTLE analysis, and Porter's five strengths in the worldwide market.

The major companies in the global smart glass market are examined in terms of their market shares, most recent innovations, new product introductions, collaborations, mergers and acquisitions, and the markets they target.

The global smart glass market is expected to grow at 17.8% CAGR, witnessing substantial growth during the forecast period. The market was valued at USD 2870.6 million in 2017; it is expected to reach USD 9083.7 million by 2025.

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Market Analysis

Smart glasses are electronically controlled devices allow users to control the amount of light, glare, and heat passing through the glass, manually or automatically. Smart glasses can be controlled by various methods, such as automatic photo sensors, motion detectors, smartphone, knobs, or light switches to regulate the amount of light and heat passing through them. The light control offered by smart glasses can save significant amounts of energy on heating, cooling, and lighting. Growing demand for smart glass in transportation applications and use of smart glass in healthcare are factors expected to drive the smart glass market during the forecast period. However, high cost and security concern is expected to restrain the market growth during the forecast period. Further, high potential for solar energy solutions is expected to act as an opportunity for the global smart glass market during the forecast period.

Market Segmentation

Based on technology, the market has been classified as electrochromic technology, PDLC, SPD, photochromic, and others. The SPD segment accounted for the larger market share in 2017, with a market value of USD 949.7 million during the forecast period. The electrochromic technology segment is the second largest segment; it is expected to register the highest CAGR during the forecast period. Electrochromism is a technique where the color of a substance is controlled by applying voltage. Polymer Dispersed Liquid Crystal (PDLC) is a smart glass technology, which is a combination of polymers and liquid crystals. Suspended particle devices or SPD glasses enable users to instantly control the dimming properties of their windows. These smart glasses are controlled manually with dimmer switch, by remote control. Photochromic technology is used in the transitional lens. The photochromic glass becomes darker in sunlight and lightens in soft light.

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Regional Analysis

The global smart glass market, by region, has been segmented into Asia-Pacific, North America, Europe, Middle East and Africa and South America. Asia-Pacific is expected to dominate the Smart Glass Market during the forecast period due the capability to protect human skin by blocking the ultraviolet (UV) rays and also prevent the fabric and furniture near windows from fading.

Major Players
The key players of global smart glass market are Saint-Gobain Group (France), Ravenwindow (Ravenbrick LLC) (US), PPG Industries, Inc (US), LTI Smart Glass, Inc (US), Kinestral Technologies, Inc. (US), Gentex Corporation (US), Merck KGAA (Germany), Pleotint Llc (US), E-Chromic Technologies, INC. (US), Chromogenics AB (Sweden), AGC Inc (Japan), Hitachi Chemical Co., Ltd (Japan), Nippon Sheet Glass Co., Ltd (Japan), and Innovative Glass Corporation (US), among others.

Table of Content

Market Overview
Market Dynamics
Associated Industry Assessment
Market Competitive Landscape
Analysis of Leading Companies
Market Analysis and Forecast, By Product Types
Market Analysis and Forecast, By Applications
Market Analysis and Forecast, By Regions
Conclusions and Recommendations
Appendix

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Key Factors Studied in the Report are:

This section includes output and production value predictions for both the worldwide industry and important regional markets.
This section includes projections for global and regional markets for consumption and consumption value.
It performs a thorough analysis of the worldwide market's consumers, distributors, sales channels, and value chains.

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