The Smart Glass market is growing at a robust rate on an account of its increasing application of smart glass in automobiles such as mirrors, sunroofs, rear and side windows, bolstering growth of automotive industry, & demand for passenger and commercial vehicles in the developed and developing industries. Moreover, the escalating demand for energy-efficient products in industrial and domestic sectors, boost in the infrastructural development of educational institutions and corporate offices, and rising application of smart glass in wearable technology is propelling the growth of the Global Smart Glass market.
In addition, rising demand for smart glass-based products, spur in technological advancement in the functions of smart glass, imposition of strict rules by government to reduce carbon emission and promote green building development are expected to fuel the market growth during the forecast period.
According to MarkNtel Advisors’ research report “Global Smart Glass Market Analysis, 2020”, the Global Smart Glass market is anticipated to grow at a CAGR of around 15% during 2020-25. Based on Technology, Active glass acquired the considerable market share in the Global Smart Glass market in 2019. The active glass is stimulated by electricity. Suspended particle devices and electrochromic glass acquired the largest market share in the Active Glass segment on account of their burgeoning application in automotive and architectural industry. Liquid crystal glass is majorly used in electronic products and is anticipated to grow at a robust rate in the coming years due to the booming consumer electronics industry on an account of increasing production and sales of smart phones and electronic gadgets such as laptops, television, cameras etc.
“Global Smart Glass Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Smart Glass providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Dominated the Market
North America dominated the Smart Glass market in 2019 on account of boost in the production and consumption of smart glass in the end-user industries such as transportation, consumer electronics, residential etc.
Asia-Pacific is anticipated to exhibit faster rate of growth by 2025 owing to the boost in automobile and consumer electronic industry along with considerable infrastructural developments in healthcare and rising initiatives to build green buildings in order to lessen the carbon footing which is expected to grow the demand for Smart Glass market in the region as stated in MarkNtel Advisors’ research report “Global Smart Glass Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global Smart Glass market are Asahi Glass Co. Ltd. (AGC Inc.), Smartglass International Ltd., ChromoGenics AB, Corning, Inc., Guardian Glass LLC., Innovative Glass Corporation, Kinestral Technologies, Inc., Schott AG, View Inc, Glass Apps, LLC, Saint-Gobain SA, Merck KGaA etc.
Key questions answered in the study: