The global smart
glass market is foreseen to grow by 12.1%, from USD 4.39 Billion in 2021 to USD
10.95 Billion in 2029. Increasing importance of smart glass in healthcare
industry, rising use of smart glass in automobile applications, declining
prices of electrochromic materials, government support for energy-efficient
construction is to drive the market for the upcoming forecast period. However, higher
upfront cost of smart glass, technical glitches in functioning remains one
factor hindering the market growth over the anticipated period.
Market Definition
What is Smart Glass?
Smart glass is a specific type of glass that may be
changed remotely or in response to the temperature outside. By changing the
amount of light that passes through commonly explicit materials, smart glass
technologies can make certain materials appear transparent, translucent, or
opaque.
Market Overview
The
smart glass market search study helps to thoroughly understand the
current trend in the market competitive analysis of the players in the emerging
market. Moreover, the DRO in the mart glass market offers valuable perspicuity
and a current scenario for making the right decision. The research study covers
the eminent players in the market with a detailed analysis of the company and a
financial overview containing their net sales, business mix and geographical
reach It mainly focuses on the key developments of the products/services
offered by the company in recent years. Besides, we at Zettabyte have the
expertise to analyses the global Smart glass market player's competitive
landscape helping the client comprehend their specific strategic growth
approaches.
Smart glass
market study by "Zettabyte Analytics" offers details about the market
scope, market segmentation, technological advancement in the Smart glass market
and highlights the optimistic, competitive landscape and trends enduring over
the years.
Major players in
the smart glass market include AGC, Agp America, Central Glass, Chromogenics
Ab, Corning, Fuyao Glass, Gauzy, Gentex, Halio, Innovative Glass Corp, Miru
Smart Technologies, Nsg Group, Pgw Auto Glass, Pleotint, Polytronix, Raven
Window, Research Frontiers, Saint Gobain, Scienstry, Showa Denko Materials,
Smartglass International, Spd Control Systems, Taiwan Glass, Xinyi Glass.
COVID-19 Impact on Global Smart
Glass Market
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. the impact of COVID-19 on the Smart glass market has
forced the companies to change their sourcing, pricing, and promotion
strategies. the Smart glass market players are seen focusing more on optimizing
the e-commerce networks with the rising innovations in the digital sector,
which are creating new business models for the semiconductor & electronics industry
player.
Research Scope
The report
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). the market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
Key industry
dynamics, regulatory scenarios, major material dynamics and Smart glass market future
markets are analyzed to understand their impact on demand for the forecast
period. growth rates have been estimated using correlation, regression and
time-series analysis.
Market Segmentation
For the purpose
of this report, the global smart glass market segmented on the basis of control
mode, technology, application, and region:
Control mode Outlook:
On the basis of
control mode, the market is segmented into dimmers, switches, remote control,
others.
Technology Outlook:
On the basis of
technology, the market is segmented into suspended particle display,
electrochromic, liquid crystal, microblind, photochromic, thermochromic.
Application Outlook:
On the basis of
application, the market is segmented into architecture, transportation, power
generation plants (solar), consumer electronics & others.
Figure 1 Smart Glass Market By Application
(Market Size And Forecast By Value - USD Million, 2021 & 2029)