Smart Glass Market Research Report Global
Industry Analysis, Business Development, Size, Share, Trends, Future Growth,
Forecast To 2027
The global smart glass market size is
projected to reach USD 15,788.0 million by the end of 2027. The increasing
investments in the research and development of low cost and efficient products
will bode well for market growth. The increasing integration of these glasses
in the aerospace industry will have a positive impact on market growth.
According to a report published by Fortune Business Insights, titled “Smart
Glass Market Size, Share & COVID-19 Impact Analysis, By Technology (Polymer
Dispersed Liquid Crystal Glass, Suspended Particle Device Glass, Electrochromic
Glass, Photochromic Glass, and Thermochromic Glass), Application
(Architectural, Automotive & Transportation, Consumer Electronics, Power
Generation, and Others), and Regional Forecast, 2020-2027,” the
market was worth USD 4,651.3 million in 2019 and will exhibit a CAGR of 17.2%
during the forecast period, 2020-2027.
Smart glass is widely used across several industry verticals as a
medium of display and other interfaces. The product works on the mechanism of
light or voltage transmission wherein it changes its appearance whenever the
aforementioned factors are passed or applied through it. The massive
investments in the research and development of smart glass are consequential to
the increasing applications of the product across diverse industries.
The rising adoption and subsequently rising demand for smart homes
and the integration of technologically advanced devices will create several
growth opportunities for the market in the coming years. Due to the massive
potential held by smart glass across the world, there are several companies
operating across the world. Ultimately, the fierce market competition results in
even more innovations and this will have a positive impact on the growth of the
overall market in the coming years.
Our Sample Report Includes:
(Note: The sample of this report is updated with COVID-19 impact
analysis before delivery)
List of companies profiled in the report:
The decrease in Product Demand during the Covid-19 Pandemic will
have a Negative Impact on SMEs
The recent coronavirus outbreak has had a drastic impact on
several industries across the world. With shutdowns in manufacturing units and
production houses, the coronavirus outbreak has hampered the economic
conditions of most businesses that come under the small and medium enterprise
(SME) bracket. The decreasing in demand for these glasses in industrial sectors
will have a negative impact on the smart glass market. Having said that, the
constant demand for smart homes and the increasing integration of these glasses
in smart homes, will provide a platform for growth in an otherwise stagnant
market.
Company Mergers and Acquisitions are an Increasing Trend Among
Major Companies across the World
The report encompasses several factors that have contributed to
the growth of the overall market in recent years. Accounting to the massive
potential held by smart glass across the world, there have been several company
mergers and acquisitions in recent times. Due to healthy market competition,
large scale companies are looking to acquire start-ups as well as SMEs. In
2020, Smartglass International announced that has forged a partnership with
V-stream. The latter is an Ireland-based company and focuses on
tech-innovations. Through this collaboration, the companies will look to
implement the multi-panel floor-to-ceiling privacy smart glass, specifically
for Dell offices in Ireland. Given the massive demand for these glasses in
Europe, this collaboration will influence other companies in this sector. The
report highlights a few other company mergers of recent times and discusses
their impact on the global smart glass market.
Europe Holds the Highest Market Share; Increasing Product Use in
Architectural Design will Emerge in Favor of Market Growth
The report analyses the ongoing market trends across five major
regions, including North America, Latin America, Europe, Asia Pacific, and the
Middle East and Africa. Among all regions, the market in Europe is projected to
emerge dominant in the coming years. The rising demand and
adoption of these glasses in architectural designs and interiors will have a
huge impact on the growth of the regional market. Moreover, the efforts put in
to integrate smart glasses in renovations and retrofitting of old
infrastructures will also contribute to the growth of the regional market. As
of 2019, the market in Europe was worth USD 1,994.7 million and this value is
projected to rise at a considerable pace in the coming years.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/smart-glass-market-102569
Key Industry Developments:
February 2019: Suntuitive Dynamic Glass
(Pleotint LLC) announced that it has collaborated with Thomsa Glass. Through
this collaboration, the company will add Suntuitive’s offerings to its own
portfolio for special architectural glass products.
Detailed Table of Content:
TOC Continued…!
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2019-2026
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Read Press Release:
https://www.fortunebusinessinsights.com/press-release/smart-glass-market-9720
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