The global Smart Glass Market is projected to reach USD 13.19 billion by 2027, according to a recent report by Emergen Research. Renewed confidence of consumers within the economy coupled with greater spending boosted the sales of light-and heavy-duty vehicles. The demand for automotive glass is driven by several factors. The replacement volume of glasses is likely to grow with rise in the total vehicle population and kilometers driven. Adverse road conditions with difficult weather is likely to stimulate the demand for automotive glass replacement. However, buyers tend to defer from fixing minor injury to a windscreen till a vehicle is held up for sale or scrutiny.
The latest research report by Emergen Research, named ‘Global Smart Glass Market - Forecast to 2027’, entails a comprehensive review of the global Smart Glass market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.
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Market Scope:
One of the report’s central components is the broad Smart Glass market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
Key Highlights From The Report.
- In November 2018, View Dynamic Glass, a US-based smart glass company, received one of the biggest VC investments of USD 1.1 billion from SoftBank Vision Fund. This is to manufacture “dynamic” glass windows that can change the tint to let in the right amount of natural light without obstructing views.
- The electrochromic smart glass technology dominated the market in 2019. The electrochromic technology has been utilized in rearview mirrors across the automotive sector. With the recent advancements, it is additionally found suitable for windows as well as sunroofs. Although the electrochromic smart window technology isn't used in abundance within the design or building applications, it's expected to revolutionize the design sector in the upcoming years, accounting for a prominent share of the market by 2025. Commercial building especially corporate and government bodies are expected to be early adopters of the electrochromic technology.
Regional Overview:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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