The growth of the market is attributed to the increasing demand for smart glass across the automobile industry and declining prices of electrochemical materials over the recent past 

The global Smart Glass Market is projected to reach USD 13.19 billion by 2027, according to a recent report by Emergen Research. Renewed confidence of consumers within the economy coupled with greater spending boosted the sales of light-and heavy-duty vehicles. The demand for automotive glass is driven by several factors. The replacement volume of glasses is likely to grow with rise in the total vehicle population and kilometers driven. Adverse road conditions with difficult weather is likely to stimulate the demand for automotive glass replacement. However, buyers tend to defer from fixing minor injury to a windscreen till a vehicle is held up for sale or scrutiny. Therefore, sales of recent vehicles, turnover of used vehicles, and laws for vehicle scrutiny influence the demand for smart glasses in the automotive sector on a global scale.

The usage of smart glass is ideal for aviation, automobile and the other transportation applications requiring heat and glare management. Throughout the automotive sector, smart glass is employed in applications like windows, rearview mirrors, sunroofs, and windshields. Smart glass provides protection from harmful ultraviolet (UV) rays by reducing glare, assists in heat management within vehicles, as well as reduce energy consumption, making the vehicle efficient all throughout.

While the smart glass technology was introduced to the market almost a decade back, it’s solely within the last few years that makers have secured the funding and support necessary to initiate mass production. With the introduction of volume production units, makers are likely to attain scalability, which, in turn, can lower the price. With the increasing volume of production, the price of smart glass is anticipated to lessen by around 35-42%.

Based on the in-depth analysis the research also brings to light major facts pertaining to the vital aspects such as market share, size, and growth rate. Deep dive into other aspects including the investment feasibility, demand and supply, import and export status, supply chain management and growth prospects narrates a lot about what the business environment will be like for the forecast period,2021 – 2028. All the vital statistics in the report are explained with the help of resources such as tables, charts, and info graphics.

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The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Smart Glass market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.

Companies profiled in the global Smart Glass market:

• Gentex Corporation, AGC Inc., NSG Group, Saint-Gobain, View Inc., AGP Americas, Smartglass International, Polytronix, Hitachi Chemicals, SPD Control Systems, Innovative Glass Corp, Fuyao Glass, TaiwanGlass Group and Central Glass. among others.

The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.emergenresearch.com/industry-report/smart-glass-market

For the purpose of this report, Emergen Research has segmented into the global Smart Glasses Market on the technology, application and region:

• Technology Outlook (Revenue, USD Billion; 2017-2027)
  • Electrochromic
  • PDLC
  • SPD
  • Thermochromic
  • Photochromic

• Application Outlook (Revenue, USD Billion; 2017-2027)
  • Architectural
  • Transportation
  • Consumer Electronics
  • Power Generation
  • Others

Key Highlights From The Report.

• In November 2018, View Dynamic Glass, a US-based smart glass company, received one of the biggest VC investments of USD 1.1 billion from SoftBank Vision Fund. This is to manufacture “dynamic” glass windows that can change the tint to let in the right amount of natural light without obstructing views.
• The electrochromic smart glass technology dominated the market in 2019. The electrochromic technology has been utilized in rearview mirrors across the automotive sector. With the recent advancements, it is additionally found suitable for windows as well as sunroofs. Although the electrochromic smart window technology isn’t used in abundance within the design or building applications, it’s expected to revolutionize the design sector in the upcoming years, accounting for a prominent share of the market by 2025. Commercial building especially corporate and government bodies are expected to be early adopters of the electrochromic technology.
• The transportation application is anticipated to have the largest share of the smart glass market throughout forecasted period, as several automobile makers are incorporating smart glass materials in their vehicle to get benefited from its remote access capability, dynamic light emission adjustment properties and antiglare property.

Subject matter experts behind the study dive deep into the competitive landscape to assess the top performers across the world and unearth the strategies that have given them a competitive edge over others operating in the Smart Glass industry. Other vital aspects including the market share, size and growth rate for the forecast period, 2021 – 2028 also forms an important of the study and valuable resource for business owners, stakeholders, and marketing personnel planning to zero in on their business strategy.

Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Detailed Regional Analysis covers:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Features of the Smart Glass Market Report:

• The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats
• The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares
• Evaluation of key current and emerging market trends and growth prospects
• It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth
• Brief overview of industry with regards to research and development, technological advancements, and product development
• In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario

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