Research Offers 10-Year Forecast on Smart Glass Market

Smart Glass Market Overview

Smart glass is also known as switchable glass or magic glass. Smart glass changes its light transmission properties when light, voltage or heat is provided to it as a stimulus. Smart glass is used usually in doors, windows, partitions and skylights in residential as well as commercial buildings. They can be controlled manually as well as automatically. Smart glasses help in reducing cost of heating, air conditioning and lighting.

Smart Glass Market Dynamics

Smart glass has various advantages, such as energy efficiency, user comfort and reduced carbon emission. Due to these advantages, the use of smart glass has increased in personal vehicles. Global smart glass market is estimated to register significant growth rate during the forecasted period. Factors that are driving the growth of the global smart glass market include growing adoption of green initiatives, such as eco-friendly and green buildings, non-electric technologies, such as thermocronics etc. Increasing demand of smart glasses in automobile and aviation industry is also fuelling the growth of global smart glass market. Government support and initiatives all across the world has also helped provide an impetus to the smart glass market.

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Factors which are restraining the growth of global smart glass market are high cost as compared to their alternatives, slow response of large sized smart glass, concern while maintaining exact colour balance, and a general lack of awareness about their benefits. In the near future, global smart glass market is estimated to witness commercialization, it will be in terms of enhanced operation efficiency and cost efficiency, and wide range of applications and incorporation of advanced materials.

Smart Glass Market: Segmentation

Global smart glass market is segmented on the basis of verticals, technology and regions. On the basis of verticals, the...