The global smart glass market size is expected to reach USD 9.98
billion by 2025, according to a new report by Grand View Research, Inc. The growing
glazing area in commercial and residential buildings is expected to impact the
market positively over the next few years. Architects are suggesting the use of
smart technology for new buildings, which is expected to drive smart glass
demand in the architectural segment.
High growth opportunities exist in the transportation sector as
manufacturers are increasingly using smart glass as an alternative to
conventional glass. In 2016, the new Mercedes-Benz SLC incorporated the
Suspended Particle Devices (SPD) technology developed by Research Frontiers,
Inc. Daimler AG and BMW AG have deployed smart glass in sunroofs and windows of
their premium cars. Ferrari 575M Super America featured an electrochromic smart
glass panel roof. Electrochromic smart glass is used in the fabrication of
Boeing 787 Dreamliner windows.
The key factors contributing to the smart glass market growth include
positive growth outlook of the construction industry, increasing automotive
production, and rising investments in infrastructure projects. Moreover,
growing restoration and renovation activities in commercial and residential
buildings are providing ample replacement opportunities as the current
buildings lack energy-efficient infrastructure.
Full research report on smart glass market analysis:
Further key findings from the report suggest:
·
The electrochromic segment is expected to
account for a revenue share of close to 30% by 2025, owing to its increased
adoption in smart windows for transportation and architectural applications
·
The consumer electronics segment is
expected to grow at a significant rate as several manufacturers are focusing on
implementing smart glass in their products
·
LG incorporated the technology in its new
refrigerator, which featured darkened glass panel that illuminates upon an
external stimulus to become transparent in order to reveal the fridge’s
contents
·
The aircraft segment is expected to grow at
a CAGR of more than 15% over the forecast period
·
Asia Pacific is expected to be the
fastest-growing regional market, owing to increasing investments for the
production of smart glass in economies such as Taiwan and Japan
·
The key industry players include
Saint-Gobain S.A., Asahi Glass Co., Ltd., Corning Incorporated, and DuPont
View more reports
of this category by Grand View Research at: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the smart glass market based on
technology, application, and region:
Smart Glass
Technology Outlook (Revenue, USD Million; 2014 - 2025)
·
Electrochromic
·
Polymer Dispersed Liquid Crystal (PDLC)
·
Suspended Particle Devices (SPD)
·
Thermochromic
·
Photochromic
Smart Glass
Application Outlook (Revenue, USD Million; 2014 - 2025)
·
Architectural
·
Transportation
o Automotive
o Aircraft
o Marine
·
Consumer electronics
·
Power generation
Smart Glass
Regional Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o Japan
·
Latin America
·
MEA
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-smart-glass-market
https://www.grandviewresearch.com/press-release/global-smart-glass-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
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