Smart Glass Market Growth 16.61% CAGR to 2023 Led by Europe
PUNE, India, October 4, 2017 /PRNewswire/ --
The smart glass market size is expected to reach $8.35 billion by 2023 from $3.32 billion by 2017 at a CAGR of 16.61% between 2017 and 2023 driven by the growing demand for smart glass in automobile applications, strong government support through mandates and legislations for energy-efficient construction, and optimal energy saving through smart glass applications; while electrochromic technology expected to hold largest market share by 2023 according to ReportsnReports.com.
Browse 70 Market Data Tables and 51 Figures spread through 172 Pages and in-depth TOC on "Smart Glass Market by Technology (Suspended Particle Display, Electrochromic, Liquid Crystal, Photochromic, Thermochromic), Application (Architecture, Transportation, Consumer Electronics), and Geography - Global Forecast to 2023" http://www.reportsnreports.com/reports/209579-global-smart-glass-smart-windows-market-2012-2017-by-technology-thermochromics-liquid-crystal-lc-suspended-particle-display-spd-electrochromics-ec-photochromic-applications-architectural-transportation-geography.html .
The key players considered in the study of smart glass market are SAGE Electrochromics, Research Frontiers, View Inc., Asahi Glass Co., Gentex, Hitachi Chemical, Glass Apps, Pleotint, Polytronix, RavenWindow, Scienstry, Smartglass International, and SPD Control Systems.
The smart glass market in Europe is expected to grow at the highest CAGR during the forecast period. The government initiatives for green buildings and energy harvesting have contributed to the rise in the popularity of smart glasses. As a result, Europe holds a significant share of the overall smart glass market. Europe consists of a number of developed countries such as Belgium, France, Germany, Italy, and the UK. This region derives its revenues from the tourism, industry, and manufacturing businesses, among others. The hospitality and automotive manufacturing sectors in this region have grown tremendously due to supportive government policies over the past few decades.
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The transportation and architecture applications in the smart glass market are expected to hold significant share by 2023. The transportation and architecture are the leading applications, together accounting for more than 90% share in the smart glass market. Various benefits provided by the smart glass has led to the increased adoption of the units of this glass in the applications such as architecture, transportation, power generation plants (solar), and consumer electronics and others. Smart glass is also used in museum artwork expositions and sunglasses.
The smart glass market for the architecture application is expected to grow at the highest CAGR between 2017 and 2023. Smart glass is ideal for automobile, aviation, and other transportation applications requiring heat and glare control. In the automotive sector, smart glass is used in applications such as rearview mirrors, windows, sunroofs, and windshields. Smart glass provides protection from harmful ultraviolet (UV) rays, reduces glare, helps control heat inside the vehicle, and minimizes the energy consumed over temperature maintenance.
Make an Inquiry on "Smart Glass Market - Global Forecast to 2023" research report at http://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=209579 .
Breakdown of the profiles of primary participants:
- By Company: Tier 1 - 45 %, Tier 2 - 35%, and Tier 3 - 20%
- By Designation: C-Level Executives - 50%, Manager Level - 30%, and Others - 20%
- By Region: North America - 43%, Europe - 29%, APAC - 21%, and RoW - 7%
Research Coverage: In this report, the smart glass market has been segmented on the basis of application, technology, and geography. The market has been segmented on the basis of application into architecture, transportation, power generation plants (solar), and consumer electronics & others. The smart glass market based on technology is segmented into suspended particle display, electro chromic, liquid crystal, micro-blinds, photochromic, and thermochromic. The study also covers the forecast of the market sizes for four main regions - North America, Europe, APAC, and RoW.
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Explore more reports on Semiconductor and Electronics Market at http://www.reportsnreports.com/market-research/semiconductor-and-electronics/ .
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