Smart Glass Market Set to Grow at a CAGR Over 15.2% by 2025

The global smart glass market size is expected to reach USD 9.98 billion by 2025, according to a new report by Grand View Research, Inc.

Posted on 2019-05-27 by researchinsights in Semiconductors, Technology // 0 Comments

San Francisco, United States, 2019-May-27 — /EPR Network/ —

The global smart glass market size is expected to reach USD 9.98 billion by 2025, according to a new report by Grand View Research, Inc. The growing glazing area in commercial and residential buildings is expected to impact the market positively over the next few years. Architects are suggesting the use of smart technology for new buildings, which is expected to drive smart glass demand in the architectural segment.

High growth opportunities exist in the transportation sector as manufacturers are increasingly using smart glass as an alternative to conventional glass. In 2016, the new Mercedes-Benz SLC incorporated the Suspended Particle Devices (SPD) technology developed by Research Frontiers, Inc. Daimler AG and BMW AG have deployed smart glass in sunroofs and windows of their premium cars. Ferrari 575M Super America featured an electrochromic smart glass panel roof. Electrochromic smart glass is used in the fabrication of Boeing 787 Dreamliner windows.

The key factors contributing to the smart glass market growth include positive growth outlook of the construction industry, increasing automotive production, and rising investments in infrastructure projects. Moreover, growing restoration and renovation activities in commercial and residential buildings are providing ample replacement opportunities as the current buildings lack energy-efficient infrastructure.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/smart-glass-market

Further key findings from the report suggest:

The electrochromic segment is expected to account for a revenue share of close to 30% by 2025, owing to its increased adoption in smart windows for transportation and architectural applications
The consumer electronics segment is expected to grow at a significant rate as several manufacturers are focusing on implementing smart glass in their products
LG incorporated the technology in its new refrigerator, which featured darkened glass panel that illuminates upon an external stimulus to become transparent in order to reveal the fridge’s contents
The aircraft segment is expected to grow at a CAGR of more than 15% over the forecast period
Asia Pacific is expected to be the fastest-growing regional market, owing to increasing investments for the production of smart glass in economies such as Taiwan and Japan
The key industry players include Saint-Gobain S.A., Asahi Glass Co., Ltd., Corning Incorporated, and DuPontRelated Report of Next Generation Technologies:
- 3D Printing Market
- Machine Vision Market

Grand View Research has segmented the smart glass market based on technology, application, and region:

Smart Glass Technology Outlook (Revenue, USD Million; 2014 – 2025)

Electrochromic
Polymer Dispersed Liquid Crystal (PDLC)
Suspended Particle Devices (SPD)
Thermochromic
Photochromic

Smart Glass Application Outlook (Revenue, USD Million; 2014 – 2025)

Architectural
Transportation
- Automotive
- Aircraft
- Marine
Consumer electronics
Power generation

Smart Glass Regional Outlook (Revenue, USD Million; 2014 – 2025)

North America
- S.
- Canada
Europe
- Germany
- UK
Asia Pacific
- China
- Japan
Latin America
MEA

Access Press Release of This Research Report by Grand View Research:
https://www.grandviewresearch.com/press-release/global-smart-glass-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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