Smart Glass Market to grow at a CAGR of 16.77% between 2015 to 2021
Knowledge Sourcing Intelligence announces the publication of a new report “Smart Glass Market - Forecasts from 2016 to 2021" to their offering. Smart Glass Market report has Technology (Thermochromic Glass, Suspended Particle Device (SPD) Glass, Electrochromic Glass, Liquid Crystal Glass, Photo Crystal Glass and Others), Application (Automotive, Power Generation, Consumer Electronics, Transportation, Architecture and Construction and Others), and geography (Americas, Europe Middle East and Africa, and Asia Pacific) segments. The report analyzed the global smart glass market which is anticipated to grow from US$1.953 billion in 2015 to US$4.953 billion by 2021, at a CAGR of 16.77% over the forecast period.
An increase in vehicle sales and growing concerns regarding safety and security is driving the adoption of smart glass by automotive industry which in turn, is propelling the market growth. Moreover, mounting concern towards over environment degradation and initiatives being taken by various governments for creating awareness regarding energy conservation have also augmented the adoption of smart glasses. This growth is also being fueled by financial support and tax benefits from different governments provided to smart glass manufacturers.
Transportation is expected to grow at a high rate during the projected period.
By Application, transportation is expected to witness the highest growth in the years ahead. The key factor associated with the growing demand for smart glass in this industry is modernizing infrastructure combined with increasing vehicle sales. Smart glasses are used as windows, rear view mirrors, sunroofs, and windshields because it provides protection from harmful UV rays and controls heat inside the vehicle.
Asia Pacific will witness the fastest regional market growth during projected period.
Asia Pacific is expected to witness the highest growth during the forecast period owing to the rising adoption of smart glass by automobiles companies, particularly in China. Many international smart glass providers are increasingly collaborating with distributors in Asia Pacific to enter the unexplored territories. Moreover, the growing demand for smart glass from construction and architecture sectors is expected to positively influence the market growth in the region over the projected period.
The key players of global smart glass market covered in this report include Saint-Gobain, Asahi Glass Co., Gentex Corporation, and View, Inc. among others. This report contains the market analysis on the current trends in the smart glass market and the opportunities for the vendors over the next six years. It provides deep insights into the drivers and restraints of the industry. Smart Glass market report also consists of in-depth regional analysis. A lot of statistically relevant tools and detailed industry analysis models such as scenario analysis have been used to forecast the market trends and forecasts up to the year 2021.
The report also talks about the strategies adopted by the industry leaders to gain an advantage over competitors and the recent deals that they have gone into to position themselves better in this market.
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Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data assists in generating quality reports providing crucial insights to managers and decision makers. The services offered by us help companies to gain required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.
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