Industry Insights
The global Smart
Glass Market size is likely to reach
USD 9.98 billion by 2025. Smart glass is also known as magical glass or
switchable glass. Smart glass changes its transmission properties when heat,
light or voltage is applied. Smart glass is used in windows, doors, skylights,
and partitions in residential and commercial buildings. Smart glass helps to
reduce the cost of heating, lighting and air conditioning.
The market growth is
associated with the capacity of the glass to transform light and adjust heat
depending on the external environmental conditions. Building owners started
displaying an inclination towards adopting this technology, after realizing the
long term benefits attributed to energy efficiency.
The industry is achieving
heights owing to the development of strict regulations with respect to
efficiency of energy and large-scale urbanization in developing countries.
Elevated investments in the construction of smart glass in connection with the
creation of industrial-scale production capacity, has significantly added
towards market growth. Expanding consolidations among technology provider and
supplier are nourishing the progress of smart glass as per a wide range of
application areas.
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Factors like growing usage
in marine, aviation and power generation are encouraging industry extension.
Growing adoption of green initiatives such as eco-friendly and green buildings,
non-electric technologies such as thermochromic, etc. are the factors that are
driving the growth of the industry. In the replacement market, shifting demand
towards active smart glass from passive smart glass design is adding stress to
the acceptance of the products.
Application Insights
On the basis of
application, smart glass market is segmented into Architectural, Transportation
and Consumer Electronics. The Transportation segment dominated the market with
a revenue share of 45% in 2016. It is anticipated to come up as the most
advantageous segment due to the growing acceptance of this technology by
premium and medium-sized car manufacturers. The enormous tuning and
fast-switching features of smart glass facilitate to reduce unwanted glare and
light thus allow user to appreciate the glare-free view. The heat-blocking
features help in improving the fuel efficiency and reducing the carbon
emissions in vehicles.
Also, automotive OEMs
(original equipment manufacturer) are highlighting to lower both the CO2
emissions and energy consumption. To fulfill this, producers are creating solutions
such as anti-heat glass and glazing solutions. The increasing penetration of
luxury automobiles in the Asia Pacific region as well as increased income
levels of the audience are the major drivers for the growth of the industry in
automotive applications. Similarly, in the aerospace sector, several OEMs
including The Boeing Company, Beechcraft Corporation, Airbus SAS, Bombardier
Inc. and Embraer S.A. are transitioning towards electronically dimmable
windows.
The construction sector is
supposed to be promising sector due to its higher rate of growth with
continuous investments in smart technology. In the Middle Eastern region, a
majority of high towers and skyscrapers have integrated smart glass for
exterior structure fabrication so as to enhance reduction of heat and light
transmissions thus maintaining internal ambiance.
Regional Insights
North America dominated the
smart glass market in 2016 with a share close to 35%. Favorable regulations and
instructions have led to the growth of these products in the region, thus
enabling overall saving of energy and reduction the maintenance costs which
leads to a positive impact on the growth of the market.
The European Union
territories and the U.S. governments are planning to regulate the adoption of
smart glass-incorporated electronics equipment and have directed their
transport departments toward the same. Furthermore, the existence of key
participants and rising production of automotive are fueling the market growth.
The industry is expected to
be directed by the acceptance of premium products, such as laminated glazing,
and the legislation of energy conservation regulations to build in mature
markets such s Europe and North America. In the case of developing markets,
growing construction sector is anticipated to provide growth avenues.
Table of Contents:-
Chapter
1 Methodology and Scope
Chapter
2 Executive Summary
Chapter
3 Smart Glass Market: Market Variables, Trends & Scope
Chapter
4 Smart Glass Market: Product Estimates & Trend Analysis
Chapter
5 Smart Glass Market: Application Estimates & Trend Analysis
Chapter
6 Smart Glass Market: End-use Estimates & Trend Analysis
Chapter
7 Smart Glass Market: Industrial End-use Estimates & Trend Analysis
Chapter
8 Smart Glass Market: Regional Estimates & Trend Analysis
Chapter
9 Competitive Landscape
Chapter
10 Smart Glass Market: Manufacturers Company Profiles
Top Key Players of Global Smart
Glass Market :
Saint-Gobain S.A., Asahi
Glass Co., Ltd, DuPont, and Corning Incorporated.
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