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Smart Glass Market Expected to Reach $8,729 Million by 2022— Allied Market Research

Tuesday, February 21, 2017 4:01
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(Before It's News)

Smart Glass Market Report, published by Allied Market Research,
forecasts that the global market is expected to reach $8,729
million by 2022, growing at a CAGR of 20.4% from 2016 to 2022.
Construction segment occupied more than half of the total market
share in 2015.

Read full summary of the report

The growth of the global smart glass market is driven by growing
construction of organizational structures such as corporate offices
and educational institutions, increasing developments in the
automotive industry, expanding application areas of smart glass,
and emerging new competencies of smart glass in the wearable
technology sector. However, high cost of manufacturing and lack of
know-how of the innovations hamper the market growth. Reduction in
the cost of smart glass products and increased awareness about
energy conservation offer lucrative opportunity for market

The construction segment accounted for the highest share, in
terms of volume, owing to increase in use of smart glass windows in
residential and office spaces to achieve energy saving. Commercial
buildings accounted for majority of the share in 2015 owing to the
rise in demand for smart glass for windows and other

Key Findings of Smart Glass Market

  • North America dominated the global smart glass market in 2015,
    accounting for over one-third of the share, in terms of
  • In 2015, smart glasses used in transportation accounted for
    two-fifths share of the global market.
  • The automotive segment accounted for over two-thirds share, and
    is anticipated to maintain its lead during the forecast
  • Germany generated one-fifth of the total revenue in European
    smart glass market, and is expected to show highest growth
  • Asia-Pacific smart glass market is expected to grow at the
    fastest rate throughout the forecast period.
  • SPD is the leading, accounting for over one-third of the share,
    and is anticipated to maintain its dominance in the study

In 2015, North America dominated the global smart glass market
with maximum share, in terms of both revenue and volume. This was
attributed to the high percentage of manufacturers as well as
consumers of smart glass & windows. Apart from that,
Asia-Pacific is expected to grow with the fastest rate, registering
CAGR of 21.6% throughout the forecast period, owing to extensive
development in the automotive industries of the developing
countries such as India and China.

The key players of smart glass market profiled in this report
are SAGE Electrochromics, Inc., Research Frontiers, Inc., View,
Inc., Asahi Glass Company Ltd., Hitachi Chemicals Co., Ltd.,
Smartglass International Ltd., Polytronix, Inc., Schott
Corporation, RavenBrick LLC, and Pleotint LLC.

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

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.


Rahul Thakur

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