Jan 14, 2021 (The Expresswire) -- Global Smart Glass Market research report provides a Point-by-Point In-Depth analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.
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Smart Glass Market competition is assessed by top manufacturers, with production, price, revenue (value), and market share for each manufacturer. It offers a complete evaluation of every area including the volume of the global Smart Glass market in that area in the estimated duration. This well-drafted report entails the existing market status, historical data, and projection outlook. A detailed segmentation analysis of the market is done on regions, types, and applications in the report. The report tracks primary trends that decide future growth prospects in the global market.
Smart Glass Market Report Overview includes major players of the global Smart Glass Market covered in the research study, research scope, Market segments by type, Market segments by application, years considered for the research study, and objectives of the report.The research report explores the Smart Glass market across the globe shows industry summary, definition, and scope along with major regions and countries. The research report provides a detailed study on each and every aspect of Smart Glass Market. Furthermore, the research study classifies the market based on product types, application and end user industries of Smart Glass.
The smart glass technology has evolved considerably over the last decade, leading to an increased adoption of controlled electronic appliances that can be remotely controlled from a centralized device. Consumers have recognized the value, security, and energy-efficient solutions provided by smart glasses. The ease of managing, monitoring, and controlling devices at any time, from any location, has been increasing the consumer acceptance for smart glasses. The emergence of the Internet of Things (IoT), and technologies, such as wearable devices and smartphones, has further increased the demand for smart glass solutions.
Need for Energy Conservation and Energy-efficient Solutions to Drive the Smart Glass Market
Smart glass and aesthetic-assisted living have grown to be the strongest markets in the Asia-Pacific. Smart glasses not only enhance energy conservation with smart meters, but also have the ability to convert a home into a high-tech one, connected by the Internet of Things (IoT). From using cameras to sensors ensuring the authenticity and the safety, to sometimes even assessing the personÃ¢â¬â¢s physical conditions as a part of the healthcare services, smart glass can bring state-of-the-art technology and services together, for a safe and convenient life. For instance, smart glass windows utilize suspended particle devices (SPD) technology, which is a thin laminate of Nano-scale particles suspended in a liquid and placed between two pieces of glass. Even the automotive and aerospace industries are considering adopting more energy saving options and energy efficient solutions. Therefore, greater end-user acceptance, coupled with rise in economic wellbeing, can be considered as the primary drivers for the growth of this market.
Transportation to Hold the Major Market Share by End User
Incremental advancements in the transportation sector have enabled the use of smart glass windows, which could be particularly helpful in reducing the energy consumption by controlling the temperatures, unlike normal glass windows. It is estimated that the energy consumption in the transportation sector will increase at an annual average rate of 1.4%, from 104 quadrillion British thermal units (Btu) in 2012 to 155 quadrillion Btu in 2040. This rate is expected to contribute to a sizable amount of carbon emissions, resulting in climate change problems. On the other hand, smart glass has the ability to control lighting systems and could be invaluable to end users, as they can arrange for fixed lighting schedules and monitor energy consumption. Electric vehicles present a long-term growing opportunity and the increase in electronics content, particularly switching glasses and vision panels, offer better opportunities. Smart glasses in automobile are expected give 98% UV protection and 40% solar reduction, thus making the vehicle cabin more comfortable. The smart glass market has been growing exponentially, with the increase of automobile sales and an expanding use of numerous applications. The prices of these glasses in the automobile industry are yet to drop during the forecast period, which might drive the growth of the global market.
North America to Hold the Major Share over the Forecast Period
In North America, there are many devices that are being used by residents, such as smart security systems, smart light bulbs, network cameras, and multi-room audio systems. Thus, there is an attractive market for smart glasses, which is anticipated to accelerate the growth of the market. Spending in the US logistics and transportation industry totaled to USD 1.48 trillion in 2015, and represented 8% of the annual gross domestic product (GDP). The growth of electric and driverless cars with advanced integrated technology might boost the overall smart glass market, in the North American automotive industry.
October 2017: AGC Asahi Glass's faceted glass ornament adopted for the new model Ã¢â¬ËLSÃ¢â¬â¢ of Toyota Motor Corporation LEXUS. Asahi Glass and Toyota jointly developed Enhanced Double Skin System energy saving technology, for showroom glass structure.
February 2017: Asahi Glass acquired shares of Vinythai Public Company Limited and converted it into a subsidiary.
Major Players: POLYTRONIX, PPG INDUSTRIES, SAINT-GOBAIN SA, RAVENBRICK, NIPPON, PRO DISPLAY, GENTEX CORPORATION, HITACHI CHEMICAL COMPANY, LTI SMART GLASS INC., and ASAHI GLASS CO. LTD, amongst others.
Reasons to Purchase this Report
Understanding how the market scenario of smart glass is changing.
Analyzing various perspectives of the market with the help of PorterÃ¢â¬â¢s five forces analysis.
The security technology, service, and vertical that are expected to dominate the market.
The regions that are expected to witness the fastest growth during the forecast period.
Identify the latest developments, market shares, and strategies employed by the major market players.
3 months analyst support along with the Market Estimate sheet (in excel).
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Smart Glass Market for 2021-2024. To calculate the market size, the report considers new installations or sales and subscription payments of Smart Glass.
The market is divided into the following segments based on geography:
Global Smart Glass Market 2021-2024, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key questions answered in this report
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