Market Research Report
Smart Glass Market Analysis By Technology (Electrochromic, PDLC, SPD, Thermochromic), By Application (Architectural, Transportation, Consumer Electronics), By Transportation, By Region, And Segment Forecasts, 2014 - 2025
|Published by||Grand View Research, Inc.||Product code||352304|
|Published||Content info||111 Pages
Delivery time: 1-2 business days
|Smart Glass Market Analysis By Technology (Electrochromic, PDLC, SPD, Thermochromic), By Application (Architectural, Transportation, Consumer Electronics), By Transportation, By Region, And Segment Forecasts, 2014 - 2025|
|Published: May 18, 2017||Content info: 111 Pages||
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.