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.
Browse full research report on Global
Smart Glass Market: http://www.grandviewresearch.com/industry-analysis/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
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
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
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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