Global Smart Glass Market By Technology (Electrochromics, Liquid Crystal, Photochromics, Suspended Particle Devices), By Application (Architectural, Electronics, Solar Power Generation, Transportation) Expected To Reach USD 4.71 Billion by 2022
The Global Smart Glass Market is expected to reach USD 4.71 billion by 2022, according to a new study by Grand View Research, Inc. Contemporary technological innovations have led to the development of sophisticated novel products and tranquil installation techniques, which have significantly broadened the scope across transportation, architecture, electronics, and solar power-generation applications. Increasing demand in the transportation and construction industry is expected to be the key driving force for the market over the next seven years. Increased use of smart windows in transportation applications such as automotive sunroofs, and in architectural applications such as conference rooms & household windows is expected to positively impact the smart glass market. Surging venture capitalists’ funding and considerable M&A activity have played an important part in shaping the smart glass industry. Owing to surging transportation costs, suppliers have to deal with careful service delivery and installations as a result of which their profit margins have shriveled to a certain degree. View summary of this analysis/smart-glass-market
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