Smart Glass
Market, by Technology (Suspended particle devices, thermochromic devices), by
Verticals (Architecture, Transportation, power generation plant, consumer
Electronics) - Forecast 2018-2023
Key Players
The prominent players in
the market of Smart Glass are- Active Glass Technologies PLC (U.K.), Asahi
Glass Company, Ltd. (Japan), Corning,Inc.(U.S.), Saint-Gobain S.A(France),
Schott AG(Germany), SmartGlass International, Ltd.(Ireland),Research Frontiers,
Inc.(U.S.), Raven brick LLC(U.S.), Pleotint LLC(U.S.), PPG Industries,
Inc.(U.S.), DuPont(U.S.), Nippon Sheet Glass Co., Ltd.(Japan), LTI Smart
Glass Inc.(U.S.),Polytronix, Inc.(U.S.), Hitachi Chemical Co., Ltd(Japan), GlasNovations, Ltd. (U.K.), Scienstry, Inc. (U.S.), SPD Control
Systems Corporation (U.S.) among others.
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Segments:
Global Smart Glass
market has been segmented on the basis of Technology and Verticals. The
Technology has been identified as- Suspended particle devices, thermochromic
Devices, Liquid crystal devices and Electrochromic devices among other whereas
Verticals consist of architecture, Transportation, Power generation plant,
consumer electronics, automotive, aviation among others.
Market Synopsis of Smart
Glass Market:
Market Scenario:
The Smart Glass allows the user to
control manually or automatically the amount of light, glare & heat
transmitted through the glass. The smart glass can be controlled automatically
through various methods such as automatic photo sensors, motion detectors, smartphone
applications, knobs or light switches to control the amount of light, heat
passing through the glass. The light control offered by Smart Glasses can save
tremendous energy on heating, cooling and lighting. The
smart Glass Market is registering healthy growth rate due to its numerous
application in various industries such as in automobile, architecture,
healthcare, and aviation among others. The increasing investment in
infrastructure projects globally and the shift from passive to active smart glass
technology is also helping the market of Smart glass to grow.
Smart Glass not only protect the
skin by blocking the harmful UV rays but also prevent the fabric and furniture
near your windows from fading .The Smart glasses are energy efficient and have
low reflection that reduces the glare. Smart Glasses are eco-friendly;
recyclable material that offers attractive looks and also helps in controlling
the solar and thermal heat in the interiors that maintains optimal temperature
inside the building.
These are the key factors that have
acted as driver for the Smart Glass market.
Hence the market for Smart Glass is
expected to grow at 18% CAGR (2016-2022).
However, the high
upfront cost, difficult installation. Lack of awareness about the usability and
benefits among consumer are some of the factor which is hindering the growth of
Smart glass Market.
Regional Analysis
Europe is dominating the
market of Smart Glass due to high popularity of smart glass as building
material and huge investment in this region by major key players such as
Saint-Gobain SA and Smart Glass International, Ltd. North America is also
showing healthy growth due to supportive government policies for energy
efficient products and presence of key industry player such as LTI Smart Glass
Inc. (U.S.), Polytronix, Inc. (U.S.) whereas In Asia-Pacific ,the market of
smart glass has expanded due to increasing demand for energy efficiency,
heat and light control, automated shading among others resulting in popularity
of smart glass thus generating more revenue which will help to increasing the
market .
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