Smart Glass Markets, 2025 by Technology (Suspended Particle Display, Electrochromic, Liquid Crystal), Application (Architecture, Transportation, Consumer Electronics) - ResearchAndMarkets.com

The "Smart Glass Market with COVID-19 Impact by Technology (Suspended Particle Display, Electrochromic, Liquid Crystal), Application (Architecture, Transportation, Consumer Electronics), and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The Smart Glass Market Size is Expected to Grow from USD 3.8 Billion in 2020 to USD 6.8 Billion by 2025, at a CAGR of 12.1% during the Forecast Period.

The smart glass market is expected to grow at significant CAGR during the forecast period.

The growth of the smart glass industry is driven by factors, such as the growing adoption of smart glass in an automotive application and, declining prices for electrochromic material.

Other major driving factors for smart glass adoption include supportive government mandates and legislation on energy efficiency. Governing bodies of various countries are increasingly encouraging the use of these energy-efficient products. Smart glass has inherent energy-saving and auto-dimming properties, which reduce its maintenance cost. As a result, the perceived benefits of these glass products are more than the incurred investments.

Electrochromic technology is likely to hold the largest share of the smart glass market in 2020.

The electrochromic smart glass technology dominated the smart glass market. The electrochromic technology has long been used in rearview mirrors across the automotive sector. With the recent advancements, it has also found applications in switchable windows, sunroofs, and so on. Though the electrochromic smart window technology is not used much in the architecture or building applications, it is expected to revolutionize the architecture sector in the coming years, accounting for a major share of the market by 2025. Commercial buildings (corporate and government) are expected to be early adopters of the electrochromic technology.

Transportation application is expected to account for the largest market share in 2020.

The transportation application accounted for the largest share of the smart glass market in 2020 as many automobile manufacturers have been incorporating smart glass materials in their vehicle designs to benefit from its antiglare property, remote access capacity, and dynamic light emission adjustment properties. In transportation, another major application area for smart glass are in the form of doors, windows, sunroofs, windshields, rearview mirrors, and skylights. Smart glasses help minimize heat generation, provide shading, limit the viewing scope, and offer privacy to users.

The UK considered major markets for smart glass

The UK is expected to lead the overall smart glass market in the coming years. Technological advancements and a recovering economy act as driving factors during the growth period. Rapidly increasing energy cost is likely to trigger the demand for energy-efficient products. The ability of smart glass to reduce the overall energy consumption of a building while offering attractive features such as on-demand privacy or glare-control is expected to multiply its applications. In extreme weather conditions prevalent in several areas of Europe, smart glass offers a suitable solution for maintaining the internal temperature of buildings or vehicles, thus saving the overall energy costs.

Major players profiled in this report are as follows:

• Saint Gobain (france)
• Research Frontiers (US)
• View Inc. (US)
• NSG Group (Japan)
• AGC Inc. (Japan)
• Gentex Corporation (US)
• Hitachi Chemical Co. Ltd. (Japan)
• Glass Apps (US)
• Pleotint, LLC (US)
• Smartglass International Ltd.(Ireland)
• SPD Control System Corporation (US)
• Polytronix (US)
• APG Americas (US)
• Xinyi Glass (China)
• TaiwanGlass Group (Taiwan)
• Fuyao Glass (China)
• Central Glass (Japan)
• Innovative Glass Corp (US)

For more information about this report visit https://www.researchandmarkets.com/r/is3ok1

View source version on businesswire.com: https://www.businesswire.com/news/home/20201123005763/en/