Global Smart Glass Market - By Technology (Suspended Particle Devices, Liquid Crystals, Electro chromic Glass, Passive Smart glass, Active Smart glass), Applications (Construction, Transportation, Energy, Consumer Electronics), Geography, Trends, Forecast - (2017 - 2022)
The Global Smart Glass market is valued at USD 2.36 billion in 2016 and is expected to reach a value of USD 7.67 billion by the end of 2022, growing at a projected CAGR of 21.7% during the forecast period of 2017 – 2022. Smart glass is a special type of glass, which can change from being clear to translucent or even pellucid to opaque. It is primarily used to block light, heat and glare. This technology is very helpful to reduce the cost of lighting, air conditioning, curtains blinding or heating of the room. It is estimated that North America region is the leader in this market, but other regions such as Europe and Asia-Pacific are also catching up fast. There are two types of smart glasses: active type and passive type. The active type of smart glass responds to the electrical stimulus to make the glass, while the passive type is triggered by light or heat. Active glasses are used in sectors like architecture, healthcare, and automotive, etc. This type of smart glass uses the technologies like Suspended Particle Devices (SPDs), electrochromic devices among others. Boeing 787 Dreamliner uses smart glass so that the passengers and the in-flight crew can select the amount of sunlight coming through, to their liking. Architects use this type of glass to reduce the energy consumption of the building. The main driver for this market is the growing consciousness among individuals, for the conservation of energy. Currently, energy conservation has gained a lot of impetus from a wide region of sources. Humans for several centuries have exploited the non-renewable resources, which, in turn, has led to the depletion of these precious fossil fuels. This major concern helps smart glass to obtain a huge market for themselves, as they help in saving electricity, without harming the environment or its resources. Contrastingly, the major constraint for the smart glass industry is its high expenses compared to the normal glass. Imminent companies like Saint-Gobain, Hitachi, Nippon, Asahi Glass and Gentex Corporation, are working hard to discover further applications of smart glass in the industry. This report presents an exhaustive study of the strategies adopted by these companies. Additionally, the geographies where the industry finds its profitable market shares are also discussed at length, in this report. In addition, the market trends are analyzed and estimates are provided for the analysis period of 2017 - 2022. Further, the various applications of smart glass find a lot of room in this exhaustive report, covering a comprehensive overview of the market. What the Report Offers: Market analysis of global smart glass market with region-specific assessments and competition analysis on the global and regional scale. Market definition for global smart glass market, along with the identification of key drivers and restraints for both the global and regional markets. Identification of prime factors imperative in changing the market scenario and in offering prospective opportunities. Identification of key companies that can influence the market on both the global and regional front. Extensively researched competitive landscape section with profiles of major companies along with their share of the market. Identification and analysis of the macro and micro factors that affect the global smart glass market on both global and regional scales. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.