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Smart Glass Market Size, Global Driving Factors by Manufacturers, Growth Opportunities, Regions, Type and Application, Share, Revenue Market Forecast 2023
Posted on May 5 2021 9:01 AM
"Smart Glass Market Research Report Size, Trends and Forecast provides an in-depth analysis of the Smart Glass Market including detailed description of market sizing and growth, value, the key opportunities in the Smart Glass Market and outlines the factors that are and will be driving the growth of the industry taking into consideration the previous growth patterns with Forecast Period 2021-2023.
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Global Smart Glass Market Research Report study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds impact on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.Smart Glass Market Research Report is highly research-intensive, powered by high R & D investment, and it possesses a strong product analysis to maintain growth and ensure long-term revenue generation.
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Smart Glass Market report offers a comprehensive view regarding the competitive landscape of the Smart Glass market and includes a deep description of performance by some of the key global players completing in the market. It offers a list of latest updates of several business strategies including mergers, acquisitions, partnerships, product launch, expansion of production units, and collaborations adopted by these major global players. The report provides a clear picture regarding R & D investment from key players and adoption of innovative technologies to widen their consumer base and expand the existing competitive position. Moreover, the report offers a detailed information about the position, scope of growth, and opportunities of new entrants or players in the market.
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The smart glass technology has evolved considerably over the last decade, leading to an increased adoption of controlled electronic appliances that can be remotely controlled from a centralized device. Consumers have recognized the value, security, and energy-efficient solutions provided by smart glasses. The ease of managing, monitoring, and controlling devices at any time, from any location, has been increasing the consumer acceptance for smart glasses. The emergence of the Internet of Things (IoT), and technologies, such as wearable devices and smartphones, has further increased the demand for smart glass solutions.
Need for Energy Conservation and Energy-efficient Solutions to Drive the Smart Glass Market
Smart glass and aesthetic-assisted living have grown to be the strongest markets in the Asia-Pacific. Smart glasses not only enhance energy conservation with smart meters, but also have the ability to convert a home into a high-tech one, connected by the Internet of Things (IoT). From using cameras to sensors ensuring the authenticity and the safety, to sometimes even assessing the person’s physical conditions as a part of the healthcare services, smart glass can bring state-of-the-art technology and services together, for a safe and convenient life. For instance, smart glass windows utilize suspended particle devices (SPD) technology, which is a thin laminate of Nano-scale particles suspended in a liquid and placed between two pieces of glass. Even the automotive and aerospace industries are considering adopting more energy saving options and energy efficient solutions. Therefore, greater end-user acceptance, coupled with rise in economic wellbeing, can be considered as the primary drivers for the growth of this market.
Transportation to Hold the Major Market Share by End User
Incremental advancements in the transportation sector have enabled the use of smart glass windows, which could be particularly helpful in reducing the energy consumption by controlling the temperatures, unlike normal glass windows. It is estimated that the energy consumption in the transportation sector will increase at an annual average rate of 1.4%, from 104 quadrillion British thermal units (Btu) in 2012 to 155 quadrillion Btu in 2040. This rate is expected to contribute to a sizable amount of carbon emissions, resulting in climate change problems. On the other hand, smart glass has the ability to control lighting systems and could be invaluable to end users, as they can arrange for fixed lighting schedules and monitor energy consumption. Electric vehicles present a long-term growing opportunity and the increase in electronics content, particularly switching glasses and vision panels, offer better opportunities. Smart glasses in automobile are expected give 98% UV protection and 40% solar reduction, thus making the vehicle cabin more comfortable. The smart glass market has been growing exponentially, with the increase of automobile sales and an expanding use of numerous applications. The prices of these glasses in the automobile industry are yet to drop during the forecast period, which might drive the growth of the global market.
North America to Hold the Major Share over the Forecast Period
In North America, there are many devices that are being used by residents, such as smart security systems, smart light bulbs, network cameras, and multi-room audio systems. Thus, there is an attractive market for smart glasses, which is anticipated to accelerate the growth of the market. Spending in the US logistics and transportation industry totaled to USD 1.48 trillion in 2015, and represented 8% of the annual gross domestic product (GDP). The growth of electric and driverless cars with advanced integrated technology might boost the overall smart glass market, in the North American automotive industry.
Recent Developments
October 2017: AGC Asahi Glass's faceted glass ornament adopted for the new model ‘LS’ of Toyota Motor Corporation LEXUS. Asahi Glass and Toyota jointly developed Enhanced Double Skin System energy saving technology, for showroom glass structure.
February 2017: Asahi Glass acquired shares of Vinythai Public Company Limited and converted it into a subsidiary.
Major Players: POLYTRONIX, PPG INDUSTRIES, SAINT-GOBAIN SA, RAVENBRICK, NIPPON, PRO DISPLAY, GENTEX CORPORATION, HITACHI CHEMICAL COMPANY, LTI SMART GLASS INC., and ASAHI GLASS CO. LTD, amongst others.
Reasons to Purchase this Report
Understanding how the market scenario of smart glass is changing.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
The security technology, service, and vertical that are expected to dominate the market.
The regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Smart Glass Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of Smart Glass.
Regional Market Analysis:
The Smart Glass Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global Smart Glass Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Market Trend
- Growing research activities coupled with new product launches.
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Market Driver
- High Opportunity in the Industry
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Market Challenge
- Complications associated with Smart Glass procedures.
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Key Attentions of Smart Glass Market Report:
- The report offers a comprehensive and broad perspective on the global Smart Glass market.
- The market statistics represented in different Smart Glass segments offers complete industry picture.
- Market growth drivers, challenges affecting the development of Smart Glass are analyzed in detail.
- The report will help in the analysis of major competitive market scenario, market dynamics of Smart Glass.
- Major stakeholders, top companies Smart Glass, investment feasibility and new market entrants study is offered.
- Development scope of Smart Glass in each market segment is covered in this report. The macro and micro-economic factors affecting the Smart Glass market
- Advancement is elaborated in this report. The upstream and downstream components of Smart Glass and a comprehensive value chain are explained.
Some Major Points from Toc :-
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness Porter's Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.1 Australia
6.1.2 Bolivia
6.1.3 Brazil
6.1.4 Democratic Republic of Congo
6.1.5 Indonesia
6.1.6 Malaysia
6.1.7 Myanmar
6.1.8 Peru
6.1.9 Russia
6.1.10 Thailand
6.1.11 Vietnam
6.1.12 Others
6.2 Consumption Analysis (Market Size, Growth and Forecast)
6.2.1 Asia-Pacific
6.2.1.1 India
6.2.1.2 China
6.2.1.3 Japan
6.2.1.4 South Korea
6.2.1.5 Rest of Asia-Pacific
6.2.2 North America
6.2.2.1 United States
6.2.2.2 Canada
6.2.2.3 Mexico
6.2.2.4 Rest of North America
6.2.3 Europe
6.2.3.1 Germany
6.2.3.2 United Kingdom
6.2.3.3 France
6.2.3.4 Italy
6.2.3.5 Austria
6.2.3.6 Rest of Europe
6.2.4 South America
6.2.4.1 Brazil
6.2.4.2 Argentina
6.2.4.3 Rest of South America
6.2.5 Middle East & Africa
6.2.5.1 UAE
6.2.5.2 South Africa
6.2.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
10. Disclaimer
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