Press release
Smart Glass Market is Forecasted to Reach US$ 13 Billion in 2028, Says Stratview Research
Stratview Research, a global market research firm has launched a report on the global smart glass market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3439/smart-glass-market.html#form
Report Highlights:
Market Size in 2028: US$ 13 billion
Growth (CAGR): 12.7% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Smart Glass Market:
The global smart glass market is segmented based on technology type, application type, and region.
Based on technology type - The smart glass market is segmented by Electrochromic, Photochromic, Polymer Disperse Liquid Crystal (PDLC), Suspended Particle Device (SPD), Thermochromic, and Others are the types. The electrochromic market hold the largest share in 2021. The largest share is mainly due to the features of the device, including its high UV and IV ray blocking ratio, low driving voltage, and simplicity of integration with large glass panels. Additionally, electrochromic glass can be stained, colored, and made opaque to adjust how much light and heat it transmits depending on the situation. These glasses are widely used in medical facilities, educational facilities, business settings, and retail stores.
Based on application type - The market has been segmented into Construction, Power Generation, Transportation, and Others comprise the application. Transportation holds the largest market share in the application segment in 2021. Aircraft, automotive, and marine are further subdivided under the transportation sector. The significant expansion in the automobile market can be attributed to luxury car manufacturers' increased use of smart glass. The market participants are being pushed by the increasing demand to broaden their product offerings in this niche to obtain a competitive advantage. For instance, the automotive giant BMW debuted its BMWi Vision Circular Showcar in September 2021 at the IAA Auto Show. This vehicle was outfitted with a cutting-edge headlamp that was created utilizing the SPD LCG Technology created by Gauzy Ltd.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/3439/smart-glass-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is likely to maintain its largest share in the smart glass market throughout the forecast period. This growth outlook is majorly attributed to the following-
• This can be attributed to the availability of value-added goods like laminated glass as well as the implementation of energy-saving building laws in the area.
• The area businesses are introducing products that meet consumer demands. One such example is the AI-based smart glass solution that Halio, Inc. revealed at CES in 2022. It includes responsiveness and speed, clear ad tint color, tint uniformity, and cloud-based technology for autonomous operation.
• The regional automotive industry is anticipated to see an increase in demand for smart glass due to the growing popularity of electric vehicles equipped with cutting-edge technology.
Smart Glass Market Drivers:
Some of the key drivers listed in the report are given below.
The market will increase significantly as a result of the construction industry's expansion and rising investment in infrastructure projects. Consumers' growing preference for glass over brick and cement walls will open up profitable growth opportunities for the market shortly. Large, floor-to-ceiling glass windows, which are becoming more popular, are also encouraging product adoption and opening up new commercial prospects for the makers.
The ongoing repair and renovation projects taking place all over the world are anticipated to increase demand for smart glass. Around 19 million square feet of residential windows are installed in the United States alone, and 500 million square feet of windows are placed in the commercial sector, according to the Department of Energy (DoE).
Most of these structures were built before the ASHRAE standards, which deal with indoor air quality, thermal comfort, and energy conservation in buildings, were established. The American market is anticipated to benefit significantly from the retrofitting of such structures. However, over the projected period, factors including a high base cost and a lack of consumer understanding of the benefits of the product could have an impact on demand for smart glass.
Top Companies in the Smart Glass Market:
Stratview Research has identified the following companies as the top market players.
• AGC Inc.
• ChromoGenics
• Corning Incorporated
• Gentex Corporation
• Guardian Industries
• Kinestral Technologies, Inc.
• Nippon Sheet Glass Co., Ltd.
• PPG Industries, Inc.
• Saint-Gobain S.A.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Smart Glass Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Advanced Glass Market: https://www.stratviewresearch.com/857/advanced-glass-market.html
• Energy Efficient Glass Market: https://www.stratviewresearch.com/742/energy-efficient-glass-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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