DUBLIN, April 06, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Smart Glass Market - By Application, Technology, Regions and Vendors - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report to their offering.
The global market for smart glass was valued at $2.69 Billion in 2016 and is estimated to reach $7.41 Billion by 2022, at a CAGR of 18.41% for the forecasted period.
North America leads the market in terms of production while Europe is witnessing an increase in domestic production since glass imports are not cost effective. Emerging countries like India, China, and Brazil have a huge market potential.
Smart glass is highly used in Construction, and Automotive industries. Added to this, end-Use applications such as architecture, mirrors are expected to lead the market for the period during the forecasted period. From the supply side, manufacturers of smart glass are increasing their production capacity and as a result, the production costs and the market price are expected to decrease. Also, the growth rate of automotive industry would also drive the smart glass market.
Factors like growing automotive sector, environment friendly and green buildings are driving the smart glass market. Shifting demand from Passive to Active Smart Glass Technologies is expected to drive the market during the forecasted period. Added to this, increased demand in aviation sector would also drive the market. On the other hand, high costs, and low market penetration is limiting the growth of the market.
Industry is witnessing trends in terms of technological advancements like the usage of electro chromic and thermo chromic technologies; Liquid Crystal has many advantages over the others. Companies are focusing on expanding the capacity especially in Europe and emerging countries.
Key Topics Covered:
1. Research Methodology
2. Market Overview
3. Market Dynamics
4. Smart Glass Market Segmentation, Forecasts and Trends - by Revenue
5. By Application
6. By Technology
7. By Region
8. Global Vendor Market Share Analysis
9. Competitive Intelligence - Company Profiles
10. Investment Scenario
- Saint Gobain
- Asahi glass
- Hitachi Chemical
- Gentex Corpotation
- Smart glass international
- SPD Control System
- View Inc.
- Citala Ltd.
- Cardinal Glass
- Dow Chemical
- Garware Suncontrol
- Innovative Glass
- LTI Smart Glass
- NeoView Kolon
- Nippon Sheet Glass
- Pulp Studio
For more information about this report visit http://www.researchandmarkets.com/research/x6xfb9/global_smart
Laura Wood, Senior Manager
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SOURCE Research and Markets