The global Smart Glass Market is projected to reach USD 13.19 billion by 2027, according to a recent report by Emergen Research. The usage of smart glass is ideal for aviation, automobile and the other transportation applications requiring heat and glare management. Commercial building especially corporate and government bodies are expected to be early adopters of the electrochromic technology. The replacement volume of glasses is likely to grow with rise in the total vehicle population and kilometers driven. However, buyers tend to defer from fixing minor injury to a windscreen till a vehicle is held up for sale or scrutiny.The growth of the market is attributed to the increasing demand for smart glass across the automobile industry and declining prices of electrochemical materials over the recent past. The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. The growth of the market is attributed to the increasing demand for smart glass across the automobile industry and declining prices of electrochemical materials over the recent past .Although the electrochromic smart window technology isn't used in abundance within the design or building applications, it's expected to revolutionize the design sector in the upcoming years, accounting for a prominent share of the market by 2025.
Throughout the automotive sector, smart glass is employed in applications like windows, rearview mirrors, sunroofs, and windshields. Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. Smart glass provides protection from harmful ultraviolet (UV) rays by reducing glare, assists in heat management within vehicles, as well as reduce energy consumption, making the vehicle efficient all throughout. The crisis has affected the demand and supply pattern, as well as the trends of the industry. Renewed confidence of consumers within the economy coupled with greater spending boosted the sales of light-and heavy-duty vehicles. The demand for automotive glass is driven by several factors. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario. With the increasing volume of production, the price of smart glass is anticipated to lessen by around 35-42%.
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Key participants include Gentex Corporation, AGC Inc., NSG Group, Saint-Gobain, View Inc., AGP Americas, Smartglass International, Polytronix, Hitachi Chemicals, SPD Control Systems, Innovative Glass Corp, Fuyao Glass, TaiwanGlass Group and Central Glass. among others.
For the purpose of this report, Emergen Research has segmented into the global Smart Glasses Market on the technology, application and region:
Application Outlook (Revenue, USD Billion; 2017-2027)
Architectural
Transportation
Consumer Electronics
Power Generation
Others
The report considers the following timeline for market estimation:
Historical Years: 2020-2027
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020-2027
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The report offers a comprehensive breakdown of the regional analysis of the market and subsequent country-wise analysis. The regional analysis of the market comprises of production volume information, consumption volume and patterns, revenue, and growth rate for the forecast period of 2020-2027. According to the regional analysis, the market is primarily spread over key geographical regions as follows:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA
Key Objectives of the Report:
Analysis and estimation of the Smart Glass market size and share for the projected period of 2020-2027
Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Smart Glass market
Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Smart Glass market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Smart Glass market size
2.2 Latest Smart Glass market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global Smart Glass market key players
3.2 Global Smart Glass size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Smart Glass market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Read More: https://www.emergenresearch.com/industry-report/smart-glass-market
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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