Increased loss of food, growing demand for perishable food items, increase in the growth of cold chain infrastructure are driving the demand for the market.
Smart Glass Market Size is projected to reach USD 13.19 billion by 2027, according to a new report by Emergen Research.
The Global Smart Glass Market report assesses the market size, share, revenue, and sales and distribution in the historical years (2017-2018) to offer an accurate forecast estimation for the same during the period of 2021-2028.
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.
The report evaluates the key market influencing factors and considers the COVID-19 pandemic as one of the contributing elements. The market has been substantially affected by the pandemic, and changes can be seen in the market dynamics and demand trends.
The report assesses the comprehensive impact of the pandemic on the overall growth of the Smart Glass market and offers a future impact assessment.
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The usage of smart glass is ideal for aviation, automobile and the other transportation applications requiring heat and glare management. Throughout the automotive sector, smart glass is employed in applications like windows, rearview mirrors, sunroofs, and windshields.
Smart glass provides protection from harmful ultraviolet (UV) rays by reducing glare, assists in heat management within vehicles, as well as reduce energy consumption, making the vehicle efficient all throughout.
The study offers key insights into the strengths and weaknesses of the prominent players through an extensive SWOT analysis and Porter’s Five Forces analysis. The report also covers the segmentation of the market based on product types, application spectrum, and key regions. The investigative study assesses the global Smart Glass market with regards to market size, market share, and revenue.
The report also provides an extensive analysis of the key players with regards to their market size, market share, sales volume, production and consumption rate, expansion strategies, and overall competitive scenario. The key players profiled in the report are Gentex Corporation, AGC Inc., NSG Group, Saint-Gobain, View Inc., AGP Americas, Smartglass International, Polytronix, Hitachi Chemicals, SPD Control Systems, Innovative Glass Corp, Fuyao Glass, TaiwanGlass Group and Central Glass. among others.
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Although North America held the major share of the market in 2019, Europe is emerging as a potential competitor with prominent sales figures coming from UK. With advancements in technology coupled with a recovering economy is expected to be the primary driving factors during the growth period.
The ever-growing expenditure on energy is likely to trigger the demand for energy-efficient products. Extreme weather conditions being prevalent in multiple areas of Europe, smart glass offers an ideal solution for maintaining the internal temperature of vehicles and buildings, thereby cutting down energy costs.
The report offers an industry-wide and economy-wide analysis of the market along with supply and demand dynamics, sales, and production and manufacturing capacity.
The global Smart Glass market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Smart Glass market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
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For the purpose of this report, Emergen Research has segmented into the global Smart Glasses Market on the technology, application and region:
- Technology Outlook (Revenue, USD Billion; 2017-2027)
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Consumer Electronics
- Power Generation
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