The growth of the market is attributed to the increasing demand for smart glass across the automobile industry and declining prices of electrochemical materials over the recent past

Global Smart Glass Market Size is projected to reach USD 13.19 billion by 2027, according to a new report by Emergen Research.

The usage of smart glass is ideal for aviation, automobile and the other transportation applications requiring heat and glare management. Throughout the automotive sector, smart glass is employed in applications like windows, rearview mirrors, sunroofs, and windshields. Smart glass provides protection from harmful ultraviolet (UV) rays by reducing glare, assists in heat management within vehicles, as well as reduce energy consumption, making the vehicle efficient all throughout.

The research report draws focus on the impact of the COVID-19 pandemic on the market and its crucial segments. It offers insights into the effects of the pandemic on the global economic scenario and business sphere.

While the smart glass technology was introduced to the market almost a decade back, it's solely within the last few years that makers have secured the funding and support necessary to initiate mass production..

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The demand for automotive glass is driven by several factors. The replacement volume of glasses is likely to grow with rise in the total vehicle population and kilometers driven. Adverse road conditions with difficult weather is likely to stimulate the demand for automotive glass replacement. However, buyers tend to defer from fixing minor injury to a windscreen till a vehicle is held up for sale or scrutiny.  

The study offers key insights into the strengths and weaknesses of the prominent players through an extensive SWOT analysis and Porter’s Five Forces analysis. The report also covers the segmentation of the market based on product types, application spectrum, and key regions. The investigative study assesses the global Smart Glass market with regards to market size, market share, and revenue.

Furthermore, the report also assesses the market based on market reach and consumer base in the key geographical regions of the world.

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The study offers the readers an extensive coverage of the market scenario, including in-depth analysis of the key aspects such as drivers, restraints, limitations, growth prospects, macro- and micro-economic factors, and other key elements that are likely to influence the growth of the industry.

Although North America held the major share of the market in 2019, Europe is emerging as a potential competitor with prominent sales figures coming from UK. With advancements in technology coupled with a recovering economy is expected to be the primary driving factors during the growth period. The ever-growing expenditure on energy is likely to trigger the demand for energy-efficient products. Extreme weather conditions being prevalent in multiple areas of Europe, smart glass offers an ideal solution for maintaining the internal temperature of vehicles and buildings, thereby cutting down energy costs.

The global Smart Glass market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Smart Glass market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

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For the purpose of this report, Emergen Research has segmented into the global Smart Glasses Market on the technology, application and region:

• Technology Outlook (Revenue, USD Billion; 2017-2027)
  • Electrochromic
  • PDLC
  • SPD
  • Thermochromic
  • Photochromic
• Application Outlook (Revenue, USD Billion; 2017-2027)
  • Architectural
  • Transportation
  • Consumer Electronics
  • Power Generation
  • Others

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