Apr 27, 2022 SOURCE: BusinessWire

Global Smart Glass Market (2021 to 2026) - Featuring America Insulated Glass, Bowers and Central Glass Among Others - ResearchAndMarkets.com

The "Global Smart Glass Market (2021-2026) by Technology Type, Mode of Control Type, End-Use Type, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Smart Glass Market is estimated to be USD 11.02 Bn in 2021 and is expected to reach USD 14.66 Bn by 2026, growing at a CAGR of 5.87%.

The Global Smart Glass Market is driving due to the growing demand for smart glass in various automobiles, aviation, transportation, constructions, etc. The price reduction of electrochromic materials includes a decrease in maintenance cost with optimal energy saving through smart glass applications that drive the market's growth.

Additionally, increasing government support and mandate regulations for energy-efficient construction solutions are fuelling the market's growth. On the other hand, high costs associated with smart glass, especially in high-end and luxury vehicles, and technical issues may affect the smart glass performance. These are the factors restricting the growth of the market.

Furthermore, the emergence of eco-friendly buildings, growing demand for energy-efficient products, raising solar power generation plants & unconventional power sources, and tapping potential avenues will create opportunities for the market to grow in the forecasted period. Moreover, the high cost associated with an initial investment to perform research and development activities and manufacturing and lack of awareness of the long-term benefits of smart glass are the challenges that may negatively affect the global smart glass market.

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Smart Glass Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Market Dynamics

Drivers

Growing Demand for Smart Glass in Various Applications
Price Reduction with Optimal Energy Saving
Increasing Government Support and Mandate Legislations

Restraints

High Cost Associated with Smart Glass
Poor Performance Due to Technical Issue

Opportunities

The emergence of Eco-Friendly Buildings
Growing Demand for Energy Efficient Products
Rising Solar Power Generation Plants

Challenges

High Cost Associated with Manufacturing and R&D Activities
Lack of Awareness related to Benefits of Smart Glass

Market Segmentation

The Global Smart Glass Market is segmented further based on Technology Type, Mode of Control Type, End-Use Type, and Geography.

By Technology Type, the market is classified into Active Glass, Passive Glass, and Others.
By Mode of Control Type, the Smart Glass market is classified into Dimmer, Remote, Switches, and Others.
By End-User Type, the Smart Glass market is classified into Architectural and Transportation.
By Geography, Asia Pacific is projected to lead the market.

Companies Mentioned