Dublin, Dec. 03, 2018 (GLOBE NEWSWIRE) -- The "Global Smart Glass Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global market for smart glass was valued at US$ 3,264.8 Mn in 2017 growing with a CAGR of 17.3% during the forecast period from 2018 to 2026.
Rise in construction activities, increase in automotive production, coupled with high investments in infrastructure across developed and developing nations driving the global smart glass market. Growing renovation and restoration activities in both residential and commercial buildings are boosting the growth of global smart glass market as the existing buildings lack energy-efficient infrastructure.
Furthermore, the demand for energy-efficient glasses is witnessing higher growth in recent years owing to favorable government mandates and legislations for energy-efficient construction and energy saving through smart glass applications.
As an alternative to traditional glass, smart glass manufacturers are ready to tap into the enormous opportunities available in the global smart glass market. From 2016, Mercedes-Benz started using the SPD Technology (Suspended Particle Devices technology), which is a switchable glass assembly that offers different range of light to transmit. BMW AG and Daimler AG also have installed smart glass in sunroofs and windows in their premium cars. Furthermore, LG is using smart glass in its latest refrigerator series, which features a dark glass panel that pops up light as and when it receives an external stimulus to become transparent to reveal contents of the fridge.
Based on the geography, Europe held a significant share in the global smart glass market in 2017, with a market share of over 30% in terms of value. Furthermore, this region is expected to witness significant growth in upcoming years owing to increasing demand from developed countries such as U.K., Germany, France, and Italy among others. This region also holds the largest advanced automobile hub, which is likely to generate higher demand for automobile smart glass. North America is the second largest region for smart glass market closely followed to Europe. Government rules-regulations and mandates has propelled the market growth of the region. Asia pacific is another lucrative market for smart glass in upcoming years owing to booming real estate industry in the region.
Key Topics Covered:
Chapter 1 Preface
1.1 Report Scope and Description
1.2 Research Scope
1.3 Research Methodology
1.4 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Smart Glass Market
2.1.1 Global Smart Glass Market, by Technology, 2017 (US$ Mn)
2.1.2 Global Smart Glass Market, by Application, 2017 (US$ Mn)
2.1.3 Global Smart Glass Market, by Geography, 2017 (US$ Mn)
Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Growing demand for smart glass in automobile applications
3.2.1.2 Increasing government support for energy-efficient construction
3.2.1.3 Surging demand for smart glass-based products
3.2.2 Market Challenges
3.2.2.1 Higher Cost of Smart Glass
3.2.2.1 Lack of awareness among end-users
3.2.3 Market Opportunities
3.2.3.1 Emerging Eco-Friendly Buildings
3.2.3.2 Increasing demand from emerging economies
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key Players, 2017
Chapter 4 Global Smart Glass Market, by Technology
4.1 Overview
4.1.1 Global Smart Glass Market Value Share, by Technology, 2017 & 2026 (Value, %)
4.1.2 Global Smart Glass Market, by Technology, 2016 - 2026 (US$ Mn)
4.2 Suspended Particle Display
4.3 Electrochromic
4.4 Liquid Crystal
4.5 Photochromic
4.6 Thermochromic
4.7 Micro-Blinds
Chapter 5 Global Smart Glass Market, by Application
5.1 Overview
5.2 Architecture
5.3 Transportation
5.4 Power Generation Plants (Solar)
5.5 Consumer Electronics
5.6 Other Applications
Chapter 6 Global Smart Glass Market, by Geography
Chapter 7 Company Profiles
- AGC Inc.
- Aage Electrochromics, Inc.
- Corning Incorporated
- Pleotint LLC
- Polytronix Inc.
- Ravenbrick LLC.
- Research Frontiers Inc.
- Saint Gobain S.A.
- Schott Corporation
- Smartglass International Ltd.
- View Inc.
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