Market Overview:
Global Smart Glass Market was valued at USD 7.02 billion in 2021 and is expected to reach USD 16.82 billion by the year 2028, at a CAGR of 13.3%.
Glass is an inorganic solid that is typically clear or translucent and has physical characteristics such as being hard, brittle, and weatherproof. Sand, limestone, and sodium carbonate are often combined to make commercial glass after being heated to a specific temperature until they melt. After that, the mixture is swiftly cooled to avoid the development of obvious crystals. When a sufficient voltage, amount of light, or amount of heat is applied, smart glass or switchable glass alters its light transmission characteristics. As the glass changes from clear to translucent and back again, some wavelengths of light pass through while others are blocked. A switchable layer is sandwiched between two layers of glass in a smart glass.
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Market Dynamics:
Driver:
The subject that is most hotly contested globally is the expanding trend of energy conservation. Businesses, governments, and other organizations are starting to recognize the advantages that smart glass may provide when integrated into the infrastructure. The US Department of Energy estimates that using smart glass can cut energy use by roughly 40%. The primary factor propelling the market for smart glass is its ability to conserve energy. Additionally, it shields against UV rays, lowers noise, assures safe operation, and does a lot more. It can also serve as a decoration element and make a private place.
Opportunities:
Innovative switchable privacy glass has been increasingly well-liked in the design community. The transparent glass panes may be made opaque with the easy push of a button, improving any residential or commercial project. This opaque mode quickly ensures seclusion, whether it is used as window panes to block out passersby's view or as a temporary wall to divide space and increase flexibility within the property. Smart glasses regulate the temperature of the building by blocking the heat waves thereby, reducing the cost of cooling. The worldwide growing adoption of green buildings is creating a profitable opportunity for the market players.
Key Chapter Will Be Provided In The Report
· Patent Analysis
· Regulatory Framework
· Technology Roadmap
· BCG Matrix
· Heat Map Analysis
· Price Trend Analysis
· Investment Analysis
· Company Profiling and Competitive Positioning
· Industry Value Chain Analysis
· Market Dynamics and Factors
· Porter’s Five Forces Analysis
· Pestle Analysis
· SWOT Analysis
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Market Segmentation For Smart Glass
Depending on the technology, the electrochromic segment is predicted to have the highest share of the smart glass market in the analysis period. Recently, the controllable ability of electrochromic materials to reflect not only visible light but also infrared rays has become popular.
Depending on the application, the transportation segment is anticipated to dominate the smart glass market throughout the projected period. The growing usage of smart glasses in automobiles and airplanes has increased the demand for smart glasses.
By Technology
· Suspended Particle Devices (SPD)
· Electrochromic
· Polymer Dispersed Liquid Crystal (PDLC)
· Others
By Application
· Transportation
· Architectural
· Consumer Electronics
· Others
· North America
o US
o Canada
o Mexico
· Eastern Europe
o Bulgaria
o The Czech Republic
o Hungary
o Poland
o Romania
o Rest of Eastern Europe
· Western Europe
o Germany
o UK
o France
o Netherlands
o Italy
o Russia
o Spain
o Rest of Western Europe
· Asia Pacific
o China
o India
o Japan
o South Korea
o Malaysia
o Thailand
o Vietnam
o The Philippines
o Australia
o New Zealand
o Rest of APAC
· Middle East & Africa
o Turkey
o Bahrain
o Kuwait
o Saudi Arabia
o Qatar
o UAE
o Israel
o South Africa
· South America
o Brazil
o Argentina
o Rest of SA
Regional Analysis of Smart Glass Market:
The European region is anticipated to lead the smart glass market throughout the forecast. The increasing demand in this region can be attributed to the rise in the usage of smart glass for renovation and building of new infrastructure that is eco-friendly as well as reduces expenditure on the consumption of energy. Smart glasses are incorporated in virtual reality headsets to replicate real-time equipment and environments in an immersive training experience thus, it reduces the cost and time for workers to gain new and complex skills.
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Table Of Content
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Technology
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Smart Glass Market by Technology
5.1 Smart Glass Market Overview Snapshot and Growth Engine
5.2 Smart Glass Market Overview
5.3 Suspended Particle Devices (SPD)
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Suspended Particle Devices (SPD): Grographic Segmentation
5.4 Electrochromic
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Electrochromic: Grographic Segmentation
5.5 Polymer Dispersed Liquid Crystal (PDLC)
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Polymer Dispersed Liquid Crystal (PDLC): Grographic Segmentation
5.6 Others
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Others: Grographic Segmentation
Chapter 6: Smart Glass Market by Application
6.1 Smart Glass Market Overview Snapshot and Growth Engine
6.2 Smart Glass Market Overview
6.3 Transportation
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Transportation: Grographic Segmentation
6.4 Architectural
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Architectural: Grographic Segmentation
6.5 Consumer Electronics
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Consumer Electronics: Grographic Segmentation
6.6 Others
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2016-2028F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Others: Grographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
To Be Continued…
Players Covered in Smart Glass market are :
· Corning Incorporated (US)
· Active Glass Technologies (US)
· AGC Inc. (Japan)
· Gentex Corporation (US)
· Clayton Glass Ltd. (UK)
· Nippon Sheet Glass Co. Ltd. (Japan)
· Essex Safety Glass Ltd. (UK)
· SAGE Electrochromics Inc. (US)
· SOLOS Glass Pty Ltd (Australia)
· Glass Apps LLC (US)
· Guardian Industries (US)
· RavenWindow (US)
· Research Frontiers Inc. (US)
· InvisiShade LLC (US)
· Schott Corporation (Germany)
· Smartglass International Limited (Ireland)
· Intelligent Glass (UK)
· Vario Glass Inc. (Canada)
· View Inc. (US)
· Huawei (China) and other major players.
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Recent Industry Developments in Smart Glass Market:
In December 2021, Huawei launched a new pair of smart glasses in China, powered by Harmony OS technology. The design features a detachable front frame and supports the simultaneous connection of two devices. The glasses feature square 128mm "ultra-thin large-amplitude" stereo speakers on the temple for music streaming and hands-free calling. Read Related PR:
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