Home > News > Industry News > Smart Glass Market Worth 5.81 Billion USD by 2020

Smart Glass Market Worth 5.81 Billion USD by 2020

Post Time:Dec 04,2015Classify:Industry NewsView:433

PUNE, India, December 3, 2015 /PRNewswire/ --


According to the new market research report on "Smart Glass Market by Technology (SPD, Electrochromic, PDLC, Thermochromic), Application (Architecture, Transportation, Solar Power Generation, Electronics & Others), & Geography - Global Trend & Forecast to 2020", published by MarketsandMarkets, the market is expected to reach USD 5.81 Billion by 2020, at a CAGR of 19.5% between 2015 and 2020.


Browse 82 market data Tables and 66 Figures spread through 211 Pages and in-depth TOC on "Smart Glass Market".




Early buyers will receive 10% customization on this report.


The driving factors for the growth of this market include optimal energy saving performance, increasing growth prospects of next generation displays, emerging green building concept, recovering automotive sector, and growing popularity of internet of things


SPD (Suspended Particle Devices) technology was the biggest segment in terms of market size in 2014:


TSPD glass has significant benefits by its unmatched working capacity to change its light emission property to a desired level. This glass can adjust its light emission property from transparent to dark within 1-3 seconds. SPD technology restricts the UV light up to 99%, providing healthy ambience with sufficient amount of natural light. SPD glass can provide approximately 50% saving on consumption of energy. The customization and superior working reduces the load of HVAC systems (heating, ventilating, air-condition) of the building. The growth of SPD smart glass is mainly driven by the increase in the demand for energy-efficient and eco-friendly products. In addition, the cost efficiency of SPD smart glass products reduces its maintenance cost, which is making these products a popular choice in industries


Transportation market segment expected to dominate the smart glass market during the forecast period:


Transportation is one of the major application sectors of smart glass products. In all the means of transportation, smart glass products are used. They are used in the transportation sector in the form of doors, windows, sunroofs, windshields, rear mirror, and skylights. It is used by transport sector to minimize heat build-up, provide shading, limit the viewing scope, and offer privacy to the user. The automotive sector under transportation segment is the leading consumer of smart glass market products. Many automobile manufacturers include glass material into their vehicle's designs because of the advantages of smart glasses that are anti-glaring, remote access capacity, and dynamic light emission adjustment property. The smart glass applications are present in the automotive segment in products such as sunroofs, windows, visors, and rear-view mirrors. Such products can be controlled by user by the simple switch; as a result, customization in lighting and cooling can be possible very easily.


APAC market expected to grow at the highest CAGR during forecast period


APAC is an emerging market for smart glasses and thus holds a lucrative position in the market. Many players in are strategizing to tap this market. Companies such as SAGE Electrochromics, Research Frontiers Inc. have collaborated with distributors and partners of that region to enter into unexplored territories. Recently, SAGE Electrochromic partnered with Jun Huo (a supplier of building façade and curtain wall solutions in China) to supply dynamic glass to the Chinese building market as the country aims to balance the huge demand for new buildings with the need for sustainable building practices. SAGE has also entered into partnership with Mechosystems, Jun Hao Group Companies, and Spohn Associates Inc. in the past few years, to expand its foothold into the smart glass market especially the APAC region, which is expected to be highest-growing market for smart glass.


Ask For PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=907


Major players in this industry include, SAGE Electrochromics (U.S.), Research Frontiers, Inc. (U.S.), View, Inc. (U.S.), AGC, Ltd. (Japan), PPG Industries (U.S.), Gentex Corp. (U.S.), Hitachi Chemicals Co. Ltd. (Japan), Glass Apps. (U.S.), Pleotint, LLC  (U.S.), RavenBrick LLC  (U.S.), Scienstry Inc. (U.S.), SmartGlass International Ltd. (Ireland), and SPD Control System Corporation (U.S.).


Browse Related Reports


Electrochromic Glass Market by Material (Polymers, Nanocrystals, Viologens), Device (Windows, Mirror, Display), Application (Commercial, Residential, Transportation, Retail, Hospitality), and Geography - Global Forecast to 2020



Smart Homes Market by Product (Energy Management System, Security & Access Control, Entertainment Control, and HVAC Control), Protocol and Technology (Protocol, Cellular Technology, and Communication Technology), Service (Installation, and Customization), and Geography (North America, Europe, APAC, and ROW) - Trend and Forecast to 2020



About MarketsandMarkets 


MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.


M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.


We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.



Mr. Rohan


Markets and Markets


UNIT no 802, Tower no. 7, SEZ


Magarpatta city, Hadapsar


Pune, Maharashtra 411013, India


Tel: 1-888-600-6441

Email: sales@marketsandmarkets.com


Visit MarketsandMarkets Blog http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors


Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

Source: http://finance.yahoo.com/news/smart-glass-market-wAuthor: shangyi

Hot News