Smart Glass Market, [By Type (Active Smart Glass, Passive Smart Glass); By Technology (Suspended Particle Display, Liquid Crystals, Micro-Blinds, Nanocrystals, Others); By End-User (Automotive, Architecture, Consumer Goods, Others); and By Region]: Market Size & Forecast, 2018 – 2026
The Smart Glass market is anticipated to reach around USD 8,223 million by 2026 according to a new study published by Polaris Market Research. In 2017, the automotive segment dominated the global smart glass market, in terms of revenue. North America is expected to be the leading contributor to the market revenue during the forecast period.
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Several stringent energy consumption regulations passed by governments worldwide have boosted the adoption of smart glass. Growing concerns regarding environment, increasing need to reduce energy consumption, and growing demand from the automotive sector further support the growth of this market. Additionally, the increasing adoption of energy efficient buildings and reducing operation costs would boost market growth during the forecast period. Other factors supporting market growth include supportive government regulations, increasing awareness, and technological advancements. Increasing investments by vendors in technological advancements coupled with research and development further boost the market growth.