Smart Glass Market Trends, Growth, Analysis and Research Report 2016

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Smart Glass Market Analysis, Share and Size, Emerging Trends,
Overview and Outlook, Growth And Segment Forecasts To 2020
Technavio Announces the Publication of its Research Report – Global Smart Glass Market 2016-2020
Technavio recognizes the following companies as the key players in the global smart glass market: AGC
Group, Corning, DuPont, PPG Industries, and Saint-Gobain.
Other Prominent Vendors in the market are: 3M, ASG, AutoGlass, Balcony Systems, BASF, Bayer,
Cardinal Glass Industries, Carlex, ChromoGenics, Citala, Domoticware, Dow Chemical, Garware
Suncontrol, Gentex, Gesimat, GKN Group, GlasNovations, Glass Apps, Heliotrope Technologies, Hitachi
Chemicals, ICE AV, Innovative Glass, InvisiShade, Kinestral Technologies, LTI Smart Glass, NeoView Kolon,
Nippon Sheet Glass, Nippon Sheet Glass, Polytronix, Pulp Studio, Ravenbrick, Scienstry, Sekisui Chemical,
Smartglass International, Solutia, SPD Control Systems, Switch Materials, US e-Chromic, VELUX, View,
Vision Systems, and Xinology.
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Commenting on the report, an analyst from Technavio’ s team said: “One of the key trends for market
growth will be rise in application in infrastructural development. The global smart glass market is
observing a rise in the use of smart glass in the architecture and construction sector. With the
governments of many countries around the world opting to construct buildings and offices with energysaving properties, the global smart glass market is estimated to grow at a rapid pace. The infrastructural
development segment accounted for 25% of the market in 2015 and is the second-largest application
segment for smart glass across the globe.”
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According to the report, demand for glazing by the customers will be a key driver for market growth.
The global smart glass market is projected to grow during the forecast period due to the anticipated
increase in demand for glazing during the forecast period. The growing cost of energy has resulted in a
drastic change in the consumer mind-set across the globe, with most consumers now going for
residential buildings with more glazing area rather than ones with the lesser glazing area. This has led to
an increase in the use of photochromic and thermochromic glass because of their heat and light
shielding properties.
Further, the report states that premium pricing will be a challenge for the market. Smart glass
manufacturers globally have kept the prices of their products high to form a high-end perception for
smart glass among consumers. This practice of premium pricing is a major challenge to the growth of the
market. Consumers are reluctant to use it in the construction sector as smart glass costs more than plain
glass. Smart glass products are mainly used in high-end automobiles because the consumer base is
small. Automobile manufacturers and smart glass suppliers need to reduce their prices to expand their
consumer reach and facilitate growth in the automotive sector, the major application sector for smart
glass products.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Smart Glass
Smart glass, also called as magic glass or switchable glass, is a unique kind of glass that can alter its light
transmission properties. It is comprised of a special glass that can change the measure of light
transmitted through it based on the voltage, heat, or light supplied. It may change to transparent or
translucent according to the input voltage and subsequently, control the measure of light and heat
passing through it. Smart glass is manufactured by laminating two or more glass or polycarbonate
sheets. Smart glass is typically used as a part of doors, windows, partitions, and sky-facing windows in
private and commercial buildings. It can be controlled manually as well as automatically. These glasses
help in diminishing the expense of heating, ventilating, and lighting.
Technavio’ s analysts forecast the global smart glass market to grow at a CAGR of 19.88% during the
period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart glass market for
2016-2020. To calculate the market size, Technavio considers the revenue generated through sales of
smart glass products for applications such as transportation, infrastructural development, and others
(electronics applications and solar energy applications).
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The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Smart Glass Market 2016-2020, has been prepared based on an in-depth
market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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According to the report, demand for glazing by the customers will be a key driver for market growth. The global smart glass market is projected to grow during the forecast period due to the anticipated increase in demand for glazing during the forecast period.