Smart Glass and Smart Window Market to Reach $19.6 Bn, Globally, by 2030 at 15.0% CAGR: Allied Market Research
Increase in demand for smart glass-based products in automotive & aviation sectors and stringent regulations by governments drive the growth of the global smart glass and smart window market.
PORTLAND, Ore., May 9, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Smart Glass and Smart Window Market by Technology (Active, Passive), by End User (Automotive, Aviation, Marine, Construction): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global smart glass and smart window industry generated $5.1 billion in 2020, and is estimated to garner $19.6 billion by 2030, witnessing a CAGR of 15.0% from 2021 to 2030.
Drivers, Restraints, and Opportunities
Increase in demand for smart glass-based products in automotive & aviation sectors, lowered expenditure on air-conditioning, heating, & lighting, and stringent regulations by governments drive the growth of the global smart glass and smart window market. However, high initial cost restrains the market growth. Contrarily, reduced prices of electrochromic materials, adoption of new technologies, and advancements in smart glass functions present new opportunities in the coming years.
Download Sample Report (Get Full Insights in PDF – 230+ Pages) at https://www.alliedmarketresearch.com/request-sample/261
Covid-19 Scenario
- Production facilities in the electronics and semiconductors sector were stopped due to lockdown measures, lack of availability of workforce, and disruptions in supply chain across the globe. This affected the production of smart glass and smart windows.
- The demand from application sectors such as automotive, construction, and others reduced considerably, owing to stoppage of new construction, installation, and maintenance activities during the lockdown. However, the demand recovered post-lockdown.
- Companies have been investing in the next-generation products that utilize innovative technologies. This factor is expected to surge the demand post-pandemic.
The active segment to offer lucrative opportunities
Based on technology, the active segment contributed to the highest market share in 2020, accounting for more than four-fifths of the global smart glass and smart window market, and is projected to maintain its lead position during the forecast period. Moreover, this segment is expected to witness the highest CAGR of 15.6% from 2021 to 2030. This is due to surge in development of smart glass-based products using this technology, recent advancements in technologies, and innovative ideas that influence commercial and residential sectors. The report also analyzes the passive segment.
Interested to Procure the Data? Inquire Here at https://www.alliedmarketresearch.com/purchase-enquiry/261
The construction segment held the largest market share in 2020
Based on end user, the construction segment held the largest market share in 2020, contributing to nearly two-fifths of the global smart glass and smart window market. This is attributed to experimentation in smart glass technology, low cost of products, rise in usage of the eco-friendly products in the sector. However, the automotive segment is estimated to register the largest CAGR of 16.4% from 2021 to 2030, owing to the trend of self-dimming window glass technology and developments in the technology to lower the overall costs of automotive vehicles.
North America generated the highest revenue in 2020
Based on region, North America accounted for the highest market share in terms of revenue in 2020, contributing to nearly one-third of the global smart glass and smart window market. This is due to rise in installation in several offices, hotels, and homes in the region. However, Asia-Pacific is expected to manifest the fastest CAGR of 16.7% during the forecast period, owing to implementation of smart glass and smart windows for saving electricity without harming the environment and its resources in countries such as China, Japan, and India.
Enquire for Customization with Detailed Analysis of COVID-19 Impact in Report at https://www.alliedmarketresearch.com/request-for-customization/261?reqfor=covid
Leading Market Players
- Asahi Glass Co. Ltd.
- Corning Incorporated
- Gentex Corporation
- Hitachi Ltd (Hitachi Chemical Co Ltd)
- Pleotint LLC
- Ppg Industries Inc
- Ravenbrick LLC (Ravenwindow)
- Research Frontiers Incorporated
- Saint Gobain
- View Inc.
Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) at https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying:
https://www.alliedmarketresearch.com/avenue/trial/starter
Similar Reports:
Smart Windows Market is Projected to Reach $8.97 Billion by 2026, Registering a CAGR of 11.4%.
Smart Gas Meter Market is Expected to Reach $5.99 Billion by 2027, Growing at a CAGR of 6.9%.
Smart Speaker Market is Projected to Reach $23,317 Million by 2025, Registering a CAGR of 23.4%.
Smart Headphone Market is Projected to Reach $21,809.5 Million by 2025, Growing at a CAGR of 20.2%.
Pre-Book Now With 10% Discount:
Glass Break Detector Market: Global Opportunity Analysis and Industry Forecast, 2020–2030
Fiber to the Home (FTTH) Market: Global Opportunity Analysis and Industry Forecast, 2019–2026
Cleanroom Lighting Market: Global Opportunity Analysis and Industry Forecast, 2022-2029
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn and Twitter
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
Share this article