The global smart glass market size is anticipated to reach USD 15.02 billion by 2026, owing to the rise in the use of smart glass for different applications such as aerospace, marine, architectural, and automotive.
Smart glass or switchable glass is glazing or a glass with altered transmission properties as and when heat, light, or voltage is applied.
They are capable of changing their appearance from opaque to translucent to transparent as per the needs of the user and help to maintain factors such as natural daylight, sound, temperature, and solar head absorbed by buildings.
Smart glass is utilized mainly in commercial buildings where it is essential to control the operative environment.List of Significant Manufacturers in Smart Glass Market are;BSG GlassGauzy Ltd and EntitiesCentral Glass Co., Ltd.SCHOTT AGNSG GroupEssex Safety GlassScienstry, Inc.Asahi India Glass Ltd.Research FrontiersOther PlayersMore information on the market is provided in a recently published report by Fortune Business Insights™ titled, “Smart Glass Market Size, Share & Industry Analysis, By Technology (Polymer Dispersed Liquid Crystal (PDLC) Glass, Suspended Particle Device (SPD) Glass, Electrochromic (EC) Glass, Photochromic Glass, and Thermochromic Glass), By Application (Architectural, Automotive & Transportation, Consumer Electronics, Power Generation, and Others), and Regional Forecast, 2019-2026.” As per this report, the market value was USD 3.97 billion in 2018 and is anticipated to rise exponentially at a CAGR of 18.2% within the forecast period 2019 to 2026.Get Sample PDF Brochure with “Short-Term and Long-Term Impact of COVID-19” on Market, Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/smart-glass-market-102569Market DriversIncreasing Demand from Healthcare Industry will Drive MarketMajor factors responsible for the smart glass market growth includes the rising demand from architectural, transportation, and automotive applications.
Additionally, the rise in environmental concerns, coupled with the rising number of smart and green buildings and are propelling the need for electrochromic windows in residential, commercial, as well as industrial buildings, thereby boosting the market.However, high cost of material, installations, and electricity costs and functional features such as speed control, transparency degree, and dimming possibilities may pose a major challenge to the market.
Nevertheless, a lead analyst at Fortune Business Insights say, “the healthcare industry uses smart glass for maintaining privacy and this reduced the use of curtains and blinds in operating rooms.