Market Scenario:
The Smart Glass Market size is expected to grow from USD 3.8 billion before the arrival of the pandemic in 2020 to USD 6.8 billion. The global market will be growing at a CAGR of 12.1% during the forecast period.
Governing bodies of various countries are increasingly encouraging these energy-efficient products. As an emerging global concept, smart glass has inherent energy-saving and auto-dimming properties, which reduce its maintenance cost. As a result, the perceived benefits of these glass products are more than the incurred investments that help the global market dwell.
Smart glass/ smart glass/ dynamic glass technology has been around for years. Some of its key applications include tint-able windows to skylights, offices, hotels, luxury airplanes, and curtain walls. Additionally, strong market penetration of handheld and wearable devices accelerates the market increase. Also, growing industrialization and urbanization worldwide fuel market growth.
Conversely, the high production cost of Smart glass is a key factor likely to continue to impede the growth of the market, increasing the overall price of smart glasses. Also, the tint on this glass projects an unclear view, restricting their uptake in cameras. Nevertheless, technology upgrades expected in the recent future would support market growth throughout the predicted period.
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Segmentation:
The report is segmented into three dynamics;
By Technology: SPD, PDLC, Photochromic, Electrochromic Technology, and others.
By Application: Power Generation, Consumer Goods, Architectural & Construction, Transportation, Automotive, Aircraft, Marine, and others.
By Regions: Americas, Europe, Asia Pacific, and Rest-of-the-World.
Competitive Outlook:
Highly competitive, the global smart glass market appears fragmented due to the presence of many well-established players. To gain a larger competitive share, industry players incorporate strategic initiatives such as mergers & acquisitions, expansion, and product/technology launches. Players leading the global smart glass market include Chromogenics AB (Sweden), Nippon Sheet Glass Co., Ltd (Japan), E-Chromic Technologies, INC. (US), Saint-Gobain Group (France), PPG Industries, Inc (US), Innovative Glass Corporation (US), Ravenwindow (Ravenbrick LLC) (US), LTI Smart Glass, Inc (US), Kinestral Technologies, Inc. (US), AGC Inc (Japan), Hitachi Chemical Co., Ltd (Japan), Gentex Corporation (US), Pleotint Llc (US), and Merck KGAA (Germany), among others.
Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued….
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