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Smart Glass Market to Exhibit 18.2% CAGR till 2026; Increasing Demand from Healthcare Industry will Add Impetus to Market, states Fortune Business Insights™

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Pune, April 07, 2020 (GLOBE NEWSWIRE) — 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. More 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.Highlights of the ReportThe report offers a comprehensive overview of the market and its prime growth trajectories including growth restraints, drivers, challenges and upcoming opportunities. The report discusses the market segmentation based on factors such as technology, application, and geographies. It also discloses the names of the leading segments and their market figures. Besides this, the report throws light on major industry developments, current smart glass market trends, and other interesting insights into the market. Significant players operating in the market are listed in the report with the major strategies adopted by them to gain a competitive edge in the market. The report is available for sale on the company website.
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Market 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. Therefore, the increasing demand from healthcare industry will aid in expansion of the market in the forecast period.”Competitive LandscapeKey Players to Make Massive Investments in R &DSignificant smart glass market manufacturers such as Hitachi Chemicals and Gauzy are investing into world-class research and development for the production and engineering of electronically dimmable windows. They have invested about 200 million and more for providing the most comfortable, safe, and functioning glass for passenger airplanes to avoid glares and heat into the cabin. Other players are entering into collaborations such as mergers and acquisitions, contracts and agreements, and others so as to attract significant smart glass market revenue in the coming years.
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List of the Key Companies Operating in the Smart Glass Market are;BSG GlassGauzy Ltd and EntitiesCentral Glass Co., Ltd.SCHOTT AGNSG GroupEssex Safety GlassScienstry, Inc.Asahi India Glass Ltd.Research FrontiersAsahi Glass Co., Ltd.Glass AppsSPD Control Systems CorporationPleotint LLCSmartglass International LimitedPolytronix, Inc.CorningGENTEX CORPORATIONViewSaint-GobainOther Players
Regional SegmentationEurope Dominating Market with Germany as the Leading NationGeographically, North America generate a revenue of USD 1.31 billion in 2018 but Europe held the largest smart glass market share with Germany. This is owing to the increasing demand from the automotive and transportation sector, coupled with increasing utilization in architectural applications. In North America, the U.S. is the largest contributor of the market attributed to the increasing number of end-use industries namely consumer electronics, and healthcare.On the other side, the market in Asia Pacific will witness steady growth with China leading the region, on account of the booming construction and automotive industries. Besides this, growing urbanization and rapid urbanization in developing nations such as India and China are anticipated to increase the need for smart glasses for various institutes, hospitals, commercial and residential buildings.
Detailed Table of Content: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….!Key Industry Developments of the Smart Glass Market Include:April 2016 – SageHlass and PPG Company entered into partnership for helping architects create visually compelling, comfortable and sustainable building designs.June 2016 – Kindestral Technologies and AGC Group signed a collaborative agreement for developing next-generation dynamic glass products.
Have a Look at Related Research Insights:Foam Glass Market Size, Share & Industry Analysis, By Type (Insulating foam glass, Sound-absorbing decorative foam glass, Facing foam glass, Granular foam glass), By Manufacturing Method (Chemical, Physical), By Application (Chemical, Building & Construction, Underground projects, Others (military, air separators etc.))Others and Regional Forecast, 2019-2026Fiberglass Market Size, Share & Industry Analysis, By Form (Roving & Yarn, Strands & Pellets, Mats, Fabric & Cloth, Others), By Type (E-Glass, S-Glass, Others), By Resin Type (Thermosetting, Thermoplastic), By Application (Construction, Electrical & Electronics, Automotive & Transport, Industrial, Others) Others and Regional Forecast, 2019-2026Automotive Glass Market Size, Share, and Industry Analysis, By Glass Type (Tempered, Laminated), By Application (Windshield, Sidelite, Backlite, Sunroof), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles), and Regional Forecast, 2019-2026
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 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.Contact Us:
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