North America 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 North America Smart Glass market is valued at USD 0.902 billion in 2016 and is expected to reach a value of USD 2.74 billion by the end of 2022, growing at a projected CAGR of 20.33% during the forecast period of 2017 – 2022. Smart glasses are special types of glasses, 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. 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. In the recent years, several offices, hotels and residential homes have the smart glass installed in their premises. With more and more companies getting involved in the smart glass market in North America, the market is heating up. This is doing some good for the consumer as they will have a variety of options to choose from. The main driver for this market is the growing consciousness among individuals, for the conservation of energy. In this day and age, 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. Additionally, lack of awareness of smart glass benefits and existence of technical issues with the usage of large size smart glass are some of the key impediments hindering the growth of the market. The North America smart glass market has been broadly segmented into different technologies (suspended particle devices, liquid crystals, electrochromic glass, passive smart glass, active smart glass and others) and applications such as construction (residential buildings and commercial buildings), transportation (aerospace, rail, automotive and others), energy, consumer electronics and others. Construction industry held the largest market share in the North America smart glass market in 2015 owing to increasing demand of smart glasses in architecture an improving real estate market in the region. The North American market has also been geographically segmented into the United States and Canada. Some of the companies mentioned in the report are Scienstry Inc., Saint-Gobain, Hitachi, Nippon, Asahi Glass and Gentex Corporation. Key Deliverables in the Study Market analysis for the North America smart glass market, with country-specific assessments and competition analysis on North America and country scale. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a country scale. Extensively researched competitive landscape section with profiles of major companies along with their market share. Identification and analysis of the macro and micro factors that affect the North America smart glass market on a country scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights into the major countries in which this industry is growing and also identify the regions that are still untapped.