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Smart Glass Market Size to Touch USD 15.02 Billion at 18.20% CAGR Forecast till 2026; Growing Number of Commercial Spaces Worldwide to Bolster Market Prospects: Fortune Business Insights™

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Pune, July 13, 2020 (GLOBE NEWSWIRE) — The global smart glass market size is projected to reach USD 15.02 billion by 2026, exhibiting a CAGR of 18.20% during the forecast period. Heightening energy consumption in urban areas worldwide will stoke the adoption of switchable glass, suggests Fortune Business Insights™ in its report, 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”.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.Please Visit https://www.fortunebusinessinsights.com/enquiry/covid19-impact/smart-glass-market-102569 The report states that the value of the market was USD 3.97 billion in 2018 and answers the following questions:Which are the leading market trends?Which factors are majorly driving the market?What are the top market segments?How are changes in regional dynamics influencing market growth?Who are key market players and what are their dominant strategies?Market DriverHigh Applicability of Switchable Glass Solutions in Aerospace to Propel the MarketAirplane window seats in airplanes are much sought-after by fliers, particularly for long-distance journeys. However, it is commonplace occurrence for passengers to face the issue of glare and direct heat during daytime flights as these windows are mostly not tinted, forcing passengers to pull down the window visor.Glass industry companies have been innovating smart glass solutions to overcome this challenge and make window seats worth their premium. Vision Systems, for instance, developed smart windows that can reduce cabin temperature by 18 degrees Fahrenheit, thus helping save air conditioning costs for the airliner. Another example is US-based Gentex who successfully installed smart glass windows in Boeing’s 787 Dreamliner. Thus, the benefits of these glass products is driving their adoption in the aviation industry and accelerating the smart glass market growth.Strict Imposition of Environmental Laws to Stoke Smart Glass Uptake in EuropeRevenue-wise, Europe is anticipated to dominate the global market share in the foreseeable future on account of the stringency of environmental regulations in the region to reduce carbon and other GHG emissions. Additionally, the demand for green building materials and sustainable automotive technologies is further propelling the growth of the regional market.On the other hand, North America is expected to dominate the smart glass market share owing to escalating demand for switchable glass from the healthcare and consumer electronics industries. The market size of the region stood at USD 1.31 billion in 2019. In Asia Pacific, rapid expansion of the automotive and construction sectors in India and China is anticipated to augment the market growth in the coming years.Competitive LandscapeLaunch of Path-Breaking Product by Top Companies to Fire up Market CompetitionThe key players are looking to exploit the wide scope for innovation in this market, intensifying their R&D efforts to introduce game-changing innovations for customers. Release of such products is allowing companies to entrench their position in the market and broaden their product offerings.Industry Developments:January 2020: Gentex Corporation proudly displayed its product line of dimmable glass systems at the CES 2020 held in Las Vegas. The company showcased its dimmable sunroofs installed in different vehicles, which are designed to darken or lighten according to the weather.September 2019: Corning Inc., the US-based specialty glass maker, secured fresh investment from Apple of USD 250 million to develop advanced glass solutions for the tech giant’s flagship devices. The funding will be utilized by Corning to enhance its R&D capacities and equip next-gen Apple products with state-of-the-art glass products.GENTEX CORPORATIONSaint-GobainGauzy Ltd and EntitiesSCHOTT AGEssex Safety GlassAsahi India Glass Ltd.SPD Control Systems CorporationSmartglass International Limited CorningBSG GlassCentral Glass Co., Ltd.NSG GroupScienstry, Inc.Research FrontiersGlass AppsPleotint LLCPolytronix, Inc.https://www.fortunebusinessinsights.com/checkout-page/102569 IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive Summary.Market DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsKey Emerging Trends – For Major CountriesKey Developments: Mergers, Acquisition, Partnership, etc.Latest Technological AdvancementInsights on Regulatory ScenarioPorters Five Forces AnalysisGlobal Smart Glass Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Analysis, Insights and Forecast – By TechnologyPolymer Dispersed Liquid Crystal (PDLC) GlassSuspended Particle Device (SPD) GlassElectrochromic (EC) GlassPhotochromic GlassThermochromic GlassMarket Analysis, Insights and Forecast – By ApplicationArchitecturalAutomotive & TransportationConsumer ElectronicsPower GenerationOthersMarket Analysis, Insights and Forecast – By RegionNorth AmericaEuropeAsia pacificRest of WorldTOC Continued…!!!

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About Us:                      Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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