The Global Smart
Glass Market is expected to reach USD 4.71 billion by 2022,
according to a new study by Grand View Research, Inc. The construction industry
has emerged as a key end-use area. Adoption in architectural applications is
steadily increasing in both new-construction as well as in the replacement
sector owing to several benefits such as natural insulation, environmental
protection, safety, and security. The shift toward replacing cement, brick, and
granite with glass is expected to benefit smart glass market growth.
Residential and
automotive segments have witnessed a dynamic phase change in functionalities
from legacy weather protection features to advanced energy conserving and
seclusion apparatus. Sophisticated interfaces have been developed, which
consider the entire range of PDLC in fabrication of contemporary tech gadgets.
Lack of awareness among
consumer about the functionality and benefits of this product may hamper smart
glass market growth. Extensive marketing endeavors by a select geographical
roll-out scheme are expected to augment the sales by consumer awareness.
Increased deployment and further recognition by word-of-mouth publicity would
reduce the encumbrance caused by lack of awareness.
Browse full research
report on Smart Glass Market: http://www.grandviewresearch.com/industry-analysis/smart-glass-market
Further
key findings from the study suggest:
- SPD smart glass is widely
deployed in the automotive sector due to their dynamic applicability in
numerous areas such as rear-view mirrors, window panes, and in sun-roofs.
Premium car manufacturers have already deployed SPD glasses in their
select models thereby helping the glass fabricators to regain their ROI at
an elevated pace. SPD films can be incorporated into a variety of
products, resulting in dynamic applicability. Liquid crystal technology
growth can be attributed to operational
feasibility offering fast response time and optical translucence property.
- Key application areas include
defense & aerospace sector clients along with premium automobile
manufacturers and construction firms. Another distribution approach
comprises sophisticated technology vendors such as digital eye glasses
fabricators. This product serves as a basic raw material in fabrication of
digital eye glasses which are foreseen to revolutionize the market over
the forecast, thereby driving demand.
- North America accounted for over
30% of the global demand in 2014. Smart glass mandates have been
established by the European Union and other regional administrative bodies
to monitor energy efficiency along with administering the levels of glass
tinting & transparency quotient.
- Leading players are involved in
mass production, while new participants find it difficult to incorporate
mass production strategies due to inadequate number of orders by
associated patrons, thereby reducing their break-even point (BEP) revenue.
Consequently, the smart glass market is projected to be dominated by few
leading manufacturers, creating an oligopolistic scenario. Key industry
players include DuPont, Sage Electrochromics, Corning, Asahi, etc.
Browse more reports of
this category by Grand View Research: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
For the purpose of this
study, Grand View Research has segmented the global smart glass market on the
basis of technology, application, and region:
Smart Glass Technology
Outlook (Revenue, USD Million, 2012 - 2022)
- Electrochromics
- Liquid Crystal
- SPD
- Thermochromics
- Photochromics
Smart Glass Application
Outlook (Revenue, USD Million, 2012 - 2022)
- Architectural
- Electronics
- Solar power generation
- Transportation
Smart Glass Regional
Outlook (Revenue, USD Million, 2012 - 2022)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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: http://www.grandviewresearch.com
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