Press release
Smart Glass Market to reach USD 9.15 Bn by 2029, emerging at a CAGR of 12.79 percent and forecast 2023-2029
Smart Glass Market
Maximizing Market Research Pvt Ltd, a leading market research company, has published a comprehensive research report on the Smart Glass Market. The market was valued at US$ 3.49 Bn in 2021, with an estimated growth rate of 12.79% CAGR.
Smart glass, a multifunctional material enabling dynamic control over light forms such as IR, UV, and visible light, is gaining prominence in the manufacturing industry. Industry 4.0 and the current industrial revolution have propelled advancements in manufacturing, with smart glass technology emerging as a key player.
The report, covering market trends from 2017 to forecast through 2029, considers 2021 as the base year. It includes a detailed analysis of market dynamics, including drivers, restraints, opportunities, and challenges in each region.
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Smart Glass Market Dynamics:
The demand for smart glass has surged due to innovations in raw materials and technology, expanding its application scope across various sectors. In the automotive industry, smart glass is driving developments, with manufacturers utilizing analytics strategies to enhance customer relationships, reduce costs, and add value through customizations and integrations.
The evolution of supply chain and manufacturing operations is imperative to align with industry demands and customer perceptions. In the current market landscape, the integration of Industry 4.0 technologies and digitalization, exemplified by the advent of the Industrial Internet of Things (IIoT), has prompted automotive manufacturers to employ analytics strategies. These strategies aim to foster customer relationships, streamline costs, and enhance value through tailored customizations and seamless integrations. Notably, the smart glass industry has made significant inroads into the automotive sector, with manufacturers collaborating to integrate this technology into their latest innovations. Notable examples include McLaren and Mercedes, which have introduced Smart Polymer Dispersed Liquid Crystal (SPD) glass in high-end car models like the Mercedes S-class sedan. Moreover, concerted efforts are underway within the automotive industry to democratize this technology for a broader market in the near future.
Smart Glass Market Regional Insights:
Smart glass has found extensive demand, particularly in the automotive sector, where it is utilized in applications such as sunroofs, as well as exterior and interior automatic dimming rear-view mirrors. Prominent automotive manufacturers like BMW and Mercedes have incorporated smart glass installations into their vehicles. The Asia Pacific region is poised to contribute over 35% to the global smart glass market, driven by its status as an automotive hub with a high production scale of vehicles and a substantial consumer base for consumer electronics products. The region is expected to experience robust market growth in the near future, fueled by technological advancements and a recovering economy. Smart glass emerges as a viable solution for regulating the internal temperature of both buildings and vehicles. The rapid expansion of the construction industry, automotive sector, and smart city development projects in emerging economies is anticipated to be a key driver for market growth.
The Asia Pacific region, a hub for automotive production and consumer electronics, is expected to contribute over 35% to the global market. Factors such as technological advancements, a recovering economy, and the need for sustainable solutions in construction and automotive industries are driving market growth.
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Smart Glass Market Segmentation:
Segmented into architectural, transportation, consumer electronics, and power generation, the smart glass market anticipates a 9.50% CAGR in transportation. Automotive manufacturers are incorporating smart glass for antiglare properties, remote access, and dynamic light emission adjustments, driving its adoption.
by Technology
• Electrochromic
• PDLC
• SPD
• Thermochromic
• Photochromic
by Application
• Architectural
• Transportation
• Consumer electronics
• Power generation
by Type
• Electrochromic
• Suspended Particle Device (SPD)
• Liquid Crystal
• Passive (Thermochromic & Photochromic)
• Other Types (Hybrid, Photovoltaic)
by End User Industry
• Transportation
• Construction
• Power Generation
• Others
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Smart Glass Market Key Players:
• Gentex Corp.
• Active Glass Technologies PLC
• Essex Safety Glass Ltd.
• InvisiShade, LLC
• Nippon Sheet Glass Co. Ltd.
• Domoticware
• Essex Safety Glass Ltd.
• GlasNovations Ltd.
• Guardian Industries
• E. I. du Pont de Nemours and Company
• SPD Control Systems Corporation
• VELUX Danmark A/S
• ChromoGenics
• NeoView Kolon
• Glass Apps, LLC.
• Saint-Gobain
• AGC Inc.
• NSG Group
• View Inc.
• Polytronix
• Pleotint
• AGP Americas
• Smartglass International
• Innovative Glass Corp
• Hitachi Chemicals
Get to Know More About This Market Study:https://www.maximizemarketresearch.com/market-report/global-smart-glass-market/21465/
Table of content for the Smart Glass Market includes:
1. Global Smart Glass Market: Research Methodology
2. Global Smart Glass Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Smart Glass Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4 . Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
Contact Maximize Market Research:
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Chicago, IL, 60606, USA.
✆ +1 800 507 4489
✆ +91 9607365656
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🌐 https://www.maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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