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Smart Glass Market Latest trends 2019 | Recent Industry Analysis to 2025

Author : Rahul Varpe | Published Date : 2019-07-03 

Global Smart Glass Market research report is added by Global market insights, inc by covering all major market aspects. The report also touches the key scenarios like top players, competition, types, applications, regions, recent developments and future market predictions.

Smart Glass Market size is forecast to grow at a high rate from 2016 to 2024. Growing demand for sustainable energy solutions will drive the smart glass market during the forecast period. Global smart glass market will be driven by rising trend for green and eco-friendly buildings and non-electric technologies. Growing demand for smart glasses in automobile, electronics, aerospace and aviation industries will fuel the markets growth. Government initiatives for energy conservation and the products use in solar power generation is estimated to propel the market during the forecast period.

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Smart glass changes its light transmission properties with the application of heat, light or voltage. It changes from translucent to transparent allowing light to pass through or block certain wavelengths. Thus, the product finds extensive use in green buildings for saving energy needed to light, heat or cool these buildings.

Global smart buildings market revenue was more than 5 Billion USD in 2015 and is expected to grow at a high rate due to its advantages such as lower carbon dioxide emissions, improved security and safety and low operating costs. This growth will propel the smart glass market in the coming years. Automobile sector is witnessing high growth due to improving economic conditions and rising purchasing power of people in developing countries Global passenger car and commercial vehicle sales was more than 30 million units and 10 million units respectively in 2015 and this is expected to rise during the forecast period.

Demand for passenger cars stood at approximately 1240 million units in 2015 and will likely rise to 1650 million units by 2020. This demand coupled with expanding vehicle fleet size and rising sales in developing countries will be a major factor driving the smart glass market during the forecast period.

By technology, global smart glass market is segmented into two categories viz. Active glasses and Passive glasses. Active glass initiates change when stimulated with electricity and passive glass is stimulated by heat and UV light sources. The active glass category can be further segmented into - electrochromic glass, suspended particle devices glass, polymer dispersed liquid crystal glass, nanocrystals and micro-blinds.

Suspended particle devices and electrochromic glass has a substantial market share among active glasses due to its use in automotive and architectural applications. Liquid crystal glasses finds its major use in electronic devices and its market will likely grow at a fast pace in the coming years. Passive glasses can be sub segmented into photochromic and thermochromic glass. These categories are mostly used in power generation.

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The global smart glass market is divided into five regions viz. North America, Asia pacific, Europe, Middle East & Africa and Latin America. North America dominates the smart glass market with high production as well as consumption closely followed by Europe and Asia Pacific. 

Key players in the global smart glass market are Saint-Gobain, SmartGlass International, Ravenbrick, Sage Electronics, Hitachi Chemical, Asahi Corporation, DuPont, PPG Industries, Active Glass Technologies, View Inc., Corning, Gentex Corporation and Research Frontiers.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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