Smart Glass Market By Type(Protein, Starch, Hydrocolloid), By Application(Transportation, Commercial, Architectural, Power Generation).
Global Smart Glass Market was valued at USD 3.04 Billion in the year 2017. Global Smart Glass Market is further estimated to grow at a CAGR of 17.33% from 2018 to 2023 to reach USD 7.96 Billion. North America region holds the highest market share in 2016 and European market is considered as the fastest growing market in the forecasted period.
At a country level, developed markets like the U.S.
as well emerging markets with highest population base holds the notable market share in 2017 and it is projected to grow at a gradual rate in the coming years.
Chromogenic AB (Sweden), DuPont (US), Asahi Glass Co., Ltd. (Japan), Corning Incorporated (US), Gentex Corporation (US), Hitachi Chemical Co., Ltd. (Japan), Research Frontiers (US), View, Inc. (US) are some of the key players in the Smart Glass Market with DuPont holding a significant market share because of its better global presence both at production and at an operational level.
Rising research and development expenses to match the changing demands of the end users, similarly, growth strategies such as collaboration & merger were few techniques adopted by most of the top manufacturers in the last few years. Moreover, it is observed that key market players are reducing the manufacturing cost by adopting to cost-effective supply chain strategy.
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Technological advancement in the automotive sector
High initial investments in production
Increasing demand for environmentally friendly buildings
Lack of awareness about the benefits of Smart Glass
Segmentation on the basis of an application includes Transportation, Commercial, Architectural, and Power Generation. Transportation segment is expected to hold the highest market share during the forecast period.
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The Architectural segment is also expected to grow at the highest CAGR of XXX during year 2017-2022. This growth is due to the new laws & regulations which are being formed by the governments of different countries in order to increase the efficiency of the constructions.
Key Benefits for Stakeholders
Smart Glass Manufacturers, Distributors and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
By Technology Protocol
Key Market Players
ChromoGenics AB (Sweden)
Asahi Glass Co., Ltd. (Japan)
Corning Incorporated (US)
Gentex Corporation (US)
Hitachi Chemical Co., Ltd. (Japan)
Research Frontiers (US)
View, Inc. (US)
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