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.
In depth research report on Smart Glass Market
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
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
·
Automotive
·
Aircraft
·
Marine
·
Consumer electronics
·
Power generation
Smart Glass Regional Outlook (Revenue, USD Million;
2014 - 2025)
·
North America
·
U.S.
·
Canada
·
Europe
·
Germany
·
UK
·
Asia Pacific
·
China
·
Japan
·
Latin America
·
MEA
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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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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