IMARC Group, a leading market research company, has recently releases report titled “Smart Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global smart glass market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big Is The Smart Glass Market?
The global smart glass market size reached US$ 5.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.0 Billion by 2028, exhibiting a growth rate (CAGR) of 11.2% during 2023-2028.
What are Smart Glass ?
Smart glass represents a superior-grade glazing reflector that is manufactured by laminating and arranging switchable acrylic polycarbonate films. These layers include liquid crystals that filter the level of heat, brightness, and voltage entering through lenses. Smart glass is available in various technologies, such as thermochromic, photochromic, and suspended particle devices (SPD).It prevents ultraviolet (UV) radiation, reduces glare, allows easy cleaning, provides instant privacy and enough natural light, and enhances the appearance of the infrastructure. In addition, smart glass is easy to install, aesthetically appealing, secured, and requires minimal operational costs. As a result, this reflector is used as an electrochromic and envelope glass across several power generation and commercial buildings.
What Are The Growth Prospects And Trends In The Smart Glass Industry?
The emerging construction activities and infrastructural projects and the escalating product demand, as it exhibits energy-saving capacity that reduces the power consumption on heating, ventilation, and air conditioning (HVAC) systems, are among the primary factors driving the smart glass market. Besides this, the launch of several green building policies by the government bodies, owing to the rising environmental concerns, is further augmenting the market growth.
Moreover, the incorporation of smart glass in sun visors, sunroofs, windshields, and rear-view mirrors, on account of the expanding automotive industry and the escalating need for luxurious vehicles, is also catalyzing the global market. Apart from this, the extensive utilization of suspended particle devices (SPD) glass in the aerospace sector to offer improved aircraft performance, acoustic insulation, and superior heat rejection is acting as another significant growth-inducing factor. Furthermore, the introduction of floor-to-ceiling reflector windows and the development of three-dimensional (3D) designs prepositions to ensure optimum thermal insulation are anticipated to propel the smart glass market over the forecasted period.
What Is Included In Market Segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
- Thermochromic
- Photochromic
- Electrochromic
- Suspended Particle Device (SPD)
- Polymer Disperse Liquid Crystal (PDLC)
- Others
Breakup by Control Mode:
- Dimmers
- Switches
- Remote Control
- Others
Breakup by Application:
- Architectural
- Transportation
- Consumer Electronics
- Power Generation
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- AGC Inc.
- Asahi India Glass Limited
- ChromoGenics AB
- Compagnie de Saint-Gobain S.A.
- Diamond Glass Limited
- Gauzy Ltd
- Gentex Corporation
- Halio Inc.
- Polytronix Inc.
- Research Frontiers Inc.
- and View Inc.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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