Global Smart Glass Market was valued at USD 3.04 Billion in the year 2019. Global Smart Glass Market is further estimated to grow at a CAGR of 17.33% from 2019 to 2025 to reach USD 7.96 Billion. North America region holds the highest market share in 2016 and European market is considered as the fastest growing market in the forecasted period. At a country level, developed markets like the U.S. as well emerging markets with highest population base holds the notable market share in 2019 and it is projected to grow at a gradual rate in the coming years. Chromogenic AB (Sweden), DuPont (US), Asahi Glass Co., Ltd. (Japan), Corning Incorporated (US), Gentex Corporation (US), Hitachi Chemical Co., Ltd. (Japan), Research Frontiers (US), View, Inc. (US) are some of the key players in the Smart Glass Market with DuPont holding the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
Technological advancement in the automotive sector
High initial investments
Increasing demand for environment friendly buildings
Lack of awareness about the benefits of Smart Glass
Between Transportation, Commercial, Architectural, Power Generation, Transportation segment because of the growing popularity and availability is expected to hold the highest market share during the forecast period.
The Architectural segment is also expected to grow at the highest CAGR during the year 2019-2025.
Key Benefits for Stakeholders
Smart Glass Manufacturers, Distributors and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
By Technology Protocol
Key Market Players
ChromoGenics AB (Sweden)
Asahi Glass Co., Ltd. (Japan)
Corning Incorporated (US)
Gentex Corporation (US)
Hitachi Chemical Co., Ltd. (Japan)
Research Frontiers (US)
View, Inc. (US)
(A brief overview of another 13 companies is also provided)
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