The Global Smart Glass and Smart Windows Market is Expected to Reach a Market Value of US$30,836.3 Million by 2031: Visiongain Research Inc.

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Visiongain has published a new report on Global Smart Glass and Smart Windows Market Report Forecasts 2021-2031. Forecasts by technology (active and passive), by application (architecture, automotive, aeronautics, consumer electronics and others), PLUS, profiles of the main smart glass and smart window companies and regional and national market analysis. MORE, COVID-19 Recovery Scenarios.

Global smart glass and smart windows market was valued at 6541.3 Million US$ in 2020 and is projected to reach a market value of 30,836.3 Million US$ by 2031. Some of the major factors fueling the growth of the global market include increasing l adoption of smart glass in the automotive sector and the increase in demand for smart glass in commercial and residential buildings.

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Impact of COVID-19 on the Global Smart Glass and Windows Market

The global smart glass and windows market is heavily impacted by COVID-19. COVID-19 has both positive and negative impact on the market. The market has a negative impact due to the disruption of the supply chain. During the COVID-19 pandemic, governments in different countries have established rules and regulations for people who work in or manage offices, contact centers, and similar indoor environments. The guidelines are designed to maintain social distancing. During this period, Intelligent Glass Company began offering switchable safety glasses that allow businesses to meet government-provided guidelines and protect office workers from COVID-19.

Market factors

Increased adoption of smart glass and windows in the automotive sector

Smart glass and windows are capable of altering the amount of light transmitted through generally transparent materials. Car manufacturers are installing smart glasses in their vehicle to control light and heat in the vehicle. Smart Glass uses Particle Device (SPD) or Polymer Dispersed Liquid Crystal (PDLC) technology that blocks light into the vehicle while maintaining the transparency necessary for the driver to operate the vehicle safely. It also blocks infrared and ultra violet rays. It also minimizes the use of the air conditioner by locking in the heat. Additionally, the smart glass has the ability to project real-time vehicle information such as fuel levels, speed, temperature, traffic signs and warnings onto the front windshield. Due to these benefits associated with smart glass, car manufacturers have started adopting smart glasses in their vehicle. Moreover, automobile is one of the important sectors which has adopted several advanced technologies to transform the standard of living and smart glass is one of them. Its variable light transmission property with changing heat, light and voltage has made it more lucrative in the automotive sector.

Increase in demand for smart glass in commercial and residential buildings

Smart glass and windows are used for windows, skylights, facades and curtain walls in commercial and residential buildings. Smart glass and windows can be controlled directly by building occupants and have the ability to improve occupant comfort, maximize access to daylight and exterior views. In addition, it reduces energy costs and offers superior architects and interiors. Smart glass is an ideal solution for buildings where solar control is a challenge, and it is widely used in healthcare facilities, commercial offices, commercial spaces, museums and cultural institutions. Smart glass also saves money throughout the building’s life cycle by reducing overall energy loads. Due to these advantages, the demand for smart glass is increasing in commercial and residential applications.

Market opportunities

Innovation and new product launches are creating new opportunities in the smart glass and window market

Intelligent glass and window manufacturing focus on developing new products and solutions to provide experience. For example, in June 2019, Gentex Corporation, a manufacturer of electro-optical products, headquartered in the United States, unveiled a new solution for automotive and aerospace applications, named “New Dimmable Glass” solution by Consumer Technology. Association (CES), 2019. The company also showcased its Full Display Mirror (FDM), an intelligent rear-view system that uses a custom camera and in-mirror video display to optimize a vehicle’s rear view.

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Competitive landscape

The global smart glass and windows market is fragmented with several global and local players. Some of the companies profiled in the report include Saint Gobain SA, Gentex Corporation, AGC Inc, Gerresheimer AG, Pleotint LLC (Suntuitive Glass), View Inc., Vision Systems, Raven Brick LLC, Smart Glass International Ltd., Asahi India Glass Limited. , ChromoGenics, Corning Incorporated, e-Chromic Technologies, Polytronix, Inc. and Unite Glass.

Companies focus on organic development strategies such as product launches, R&D initiatives, and geographic expansion to gain competitive advantage in the global market. Some of the cases are given below.

In January 2020, Gauzy Limited showcased Suspended Particle Devices (SPD) technology at Consumer Technology Association 2020. In 2019, the company showcased LCG (light control glass) technology at CES 2019. This technology has included automotive applications such as transparent screens for automotive advertising

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About Visiongain

Visiongain is one of the fastest growing and most innovative and independent market information companies, the company publishes hundreds of market research reports which he adds to his vast portfolio every year. These reports offer in-depth analysis of 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in-depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which can currently influence each other, these markets include automotive, aviation, chemical, cyber, defence, energy, food and beverage, materials, packaging, pharmaceuticals and utilities. Our customized and syndicated market research reports mean you can have tailored market intelligence tailored to your own business needs.

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