Market Research Report
Smart Glass Market by Technology (Suspended Particle Display, Electrochromic, Liquid Crystal, Photochromic, Thermochromic), Application (Architecture, Transportation, Consumer Electronics), and Geography - Global Forecast to 2023
|Published by||MarketsandMarkets||Product code||257147|
|Published||Content info||174 Pages
|Smart Glass Market by Technology (Suspended Particle Display, Electrochromic, Liquid Crystal, Photochromic, Thermochromic), Application (Architecture, Transportation, Consumer Electronics), and Geography - Global Forecast to 2023|
|Published: September 29, 2017||Content info: 174 Pages||
The smart glass market is expected to reach USD 8.35 billion by 2023 from USD 3.32 billion by 2017, at a CAGR of 16.61% between 2017 and 2023. The growth of this market is mainly driven by factors such as growing demand for smart glass in automobile applications, strong government support through mandates and legislations for energy-efficient construction, and optimal energy saving through smart glass applications. Smart glass is ideal for automobile, aviation, and other transportation applications requiring heat and glare control. In the automotive sector, smart glass is used in applications such as rearview mirrors, windows, sunroofs, and windshields. Smart glass provides protection from harmful ultraviolet (UV) rays, reduces glare, helps control heat inside the vehicle, and minimizes the energy consumed over temperature maintenance.
The transportation and architecture are the leading applications, together accounting for more than 90% share in the smart glass market. Various benefits provided by the smart glass has led to the increased adoption of the units of this glass in the applications such as architecture, transportation, power generation plants (solar), and consumer electronics and others. Smart glass is also used in museum artwork expositions and sunglasses.
The smart glass market in Europe is expected to grow at the highest CAGR during the forecast period. Europe consists of a number of developed countries such as Belgium, France, Germany, Italy, and the UK. This region derives its revenues from the tourism, industry, and manufacturing businesses, among others. The hospitality and automotive manufacturing sectors in this region have grown tremendously due to supportive government policies over the past few decades. The government initiatives for green buildings and energy harvesting have contributed to the rise in the popularity of smart glasses. As a result, Europe holds a significant share of the overall smart glass market.
The major players profiled in this report are as follows:
In this report, the smart glass market has been segmented on the basis of application, technology, and geography. The market has been segmented on the basis of application into architecture, transportation, power generation plants (solar), and consumer electronics & others. The smart glass market based on technology is segmented into suspended particle display, electrochromic, liquid crystal, micro-blinds, photochromic, and thermochromic. The study also covers the forecast of the market sizes for four main regions-North America, Europe, APAC, and RoW.
The report would help the market leaders/new entrants in this market in the following ways.
*Details on Business Overview, Products offered & Services strategies, Key Insights, Recent Developments, MnM View might not be captured in case of unlisted companies.