Smart Glass Market Growth Overview, Upcoming Trends, Industry Analysis And Forecast To 2028
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 material that is usually transparent or translucent and has physical properties such as hard, brittle, and impervious to the natural elements. Commercial glass is usually manufactured by integrating sand, limestone, and sodium carbonate which are raised to a certain temperature until they are melted. This mixture is then cooled quickly to prevent the formation of visible crystals. Smart glass or switchable glass changes its light transmission properties when a suitable voltage, light, or heat is applied. The glass transitions from clear to translucent and vice versa, allowing some wavelengths of light to flow through while blocking others. A smart glass contains a switchable layer sandwiched between two glass layers. The electric current is passed through the liquid crystal molecules present in the switchable layer which imparts opacity and transparency to the smart glass. Moreover, several technologies have been developed to manufacture smart glass such as suspended particle devices (SPD), electrochromic, polymer dispersed liquid crystal (PDLC), photochromic, thermochromic, and micro blind. These technologies are incorporated depending on the application in which these smart glasses are utilized. For instance, SPD technology can be utilized to manufacture sunroofs, sun visors, rearview mirrors, ski goggles, and flat panel displays for computers. Thus, the wide applications of smart glass are the main factor stimulating the expansion of the market over the forecast period.
The research study includes an examination of many aspects that contribute to the market's expansion. Market trends, restrictions, and drivers that have a favorable or negative influence on the market are included. This section also discusses the many businesses and applications that may have an impact on the market in the future. The information is based on both recent and historical patterns. The cost structure, market size, Smart Glass Sales, Gross Margin and Market Share, Price, Revenue, Size, Forecast, and Growth Rate are all calculated in the report.
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• 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.
The income earned from the sale of This Study and technologies by various application industries is considered in the report. This section also includes an analysis of global production volume and production volume by type for the projection period. Factors that influence market growth are important because they may be used to design diverse strategies for capturing the lucrative possibilities that exist in the ever growing industry. In addition, market expert perspectives have been incorporated to better understand the industry.
Segmentation Analysis Includes,
By Technology
• Suspended Particle Devices (SPD)
• Electrochromic
• Polymer Dispersed Liquid Crystal (PDLC)
• Others
By Application
• Transportation
• Architectural
• Consumer Electronics
• Others
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Table of content Chapter 1: Introduction