Press release
Smart Glass Market Sales Revenue to Touch $15.1 Billion By 2030 | Major Companies, Strategies and New Trends
The market was valued at $4.62 billion in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.6% from 2021 to 2030.
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Drivers of Growth:
The primary growth drivers include increased demand from the building and construction sector and the automobile manufacturing industry.
However, the high cost of smart glass is identified as a potential hindrance to market growth.
Opportunities for investment are expected to arise from the increasing use of smart glass in various end-use industries, including the renewable energy sector.
Technology Trends:
The Suspended Particle Devices (SPD) segment is highlighted as the most dominant, holding the largest market share in 2020.
SPD-based smart glasses are recognized for their ability to control passing light, glare, and heat, contributing to the segment's popularity.
Industry Segments:
The construction segment accounted for the highest market share in 2020, driven by increased construction activities globally and the demand for energy-efficient solutions.
The transportation segment is expected to experience the largest Compound Annual Growth Rate (CAGR) of 13.0% from 2021 to 2030, driven by rising demand for smart glass in heat and glare control applications.
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Regional Dynamics:
Europe and North America led the market in 2020, with Europe accounting for the largest market share.
The European market's growth is attributed to the increasing use of smart glass in modern theme architecture.
The Asia-Pacific region is projected to be the fastest-growing market, with a CAGR of 14.1%, driven by the adoption of smart glass in construction, automotive, and other applications.
Key benefits for stakeholders
Porter's five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
It outlines the current smart glass market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
The profiles of key players and their key strategic developments are enlisted in the report.
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Report Information:
A sample of the research overview is available for download, and the complete report can be procured for more in-depth insights, covering 220 pages with charts, tables, and figures.
This information provides a comprehensive overview of the smart glass industry, its growth prospects, and the factors influencing its development in different regions and industries.
Major Companies in the Industry:
► Asahi Glass Co. Ltd
► Halio Inc.
► Research Frontiers Inc.
► ChromoGenics
► Pleotint LLC
► Saint Gobain
► Gauzy Ltd and Entities
► Ravenbrick LLC
► Showa Denko Materials Co. Ltd.
► Gentex Corporation
Similar Report:
Electrochromic Glass Market: https://www.alliedmarketresearch.com/electrochromic-glass-market
Ultra-thin Glass Market: https://www.alliedmarketresearch.com/ultrathin-glass-market
Advanced Glass Market: https://www.alliedmarketresearch.com/advanced-glass-market
About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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