Smart Glass Market by Technology and Application - Global Industry Analysis and Forecast to 2023

2018-05-30 / 3800.00 / Technology / 100 Pages

Description

Industry Trend Analysis

In 2014, the global smart glass market was evaluated around USD 1.95 billion and is expected to reach approximately USD 7.70 billion by 2023 while registering itself at a compound annual growth rate (CAGR) of 16.50% over the forecast period. The growth of the global market is assigned to the capability of the glass to modulate heat and transmit light in accordance with the external ecological conditions. As structure owners recognized the long-term benefits linked with energy competence, they have initiated demonstrating a preference towards implementing this technology. The market is acquiring prominence owing to the appearance of strict regulations regarding large-scale urbanization and energy efficiency in emerging countries. Amplified investments in the production of smart glass along with the formation of industrial-scale manufacturing capacity, has considerably contributed towards industry growth. Rising consolidations between technology suppliers and providers are boosting the smart glass development, customized as per an extensive range of application fields. Factors like rising applications in aviation, marine, and power generation are assisting the market growth. In addition, the appearance of novel solutions has contributed to the development of smart windows in the architectural segment. The rising importance of green energy initiatives, like green & eco-friendly buildings, and the prominence of non-electric technologies, like thermochromic technology, has fueled the market growth. Administrative support rendered by several governments, via financial aid and tax initiatives around the world is also bestowing to the market demand.

Technology Outlook and Trend Analysis

In 2016, the Suspended Particle Devices (SPD) sector reported for a market revenue share of approximately 40%. This technology facilitates control of heat, glare, and light entering the premises to render enhanced user comfort and well-being combined with considerable improvement in energy competence. This SPD smart glass growth can be assigned to its elevated electricity-saving capacities. The decline in energy consumption happens on account of the dynamic control of lunar radiations, which ensues in an extensive decline in HVAC energy usage. The decline in energy consumption contributes to a rise in total energy savings owing to the maximum use of daylight. The European and North American regions are anticipated to appear as the major markets for liquid crystal smart glass owing to the augmented emphasis on the application of ‘Green Energy’ resources.

Application Outlook and Trend Analysis

In 2016, the transportation application section captured a market revenue share of around 45%. It is expected to appear as the most productive segment, due to the rising implementation of this technology by medium-sized and premium car makers. The increasing infiltration of premium vehicles in the Asia Pacific regional market, combined with elevated earnings levels of costumers, is the key driving factor for the market growth in automobile applications. The construction segment is alleged to be a sector that shows potential, due to its elevated growth rate with steady investments in smart technology. Most of the skyscrapers and high towers in the Middle East region have integrated smart glass for external structure manufacturing to trim down light and heat transmissions and preserve internal ambiance.

Regional Outlook and Trend Analysis

In 2016, North American region ruled the global smart glass industry with a market share around 35%. Encouraging regulations and authorizations have contributed to the expansion of these products in this region. They have altered total energy savings and abbreviated maintenance costs directing to impact the growth of the market positively. The U.S. governments and the European Union territories are scheduling to regulate the implementation of smart glass-integrated electronic instruments and have led their transport departments toward the similar. Furthermore, the existence of major players in this region and the rising automotive production are assisting the growth of the market.

Competitive Outlook and Trend Analysis

The major market players are Vision Systems, PPG Industries Inc., Research Frontiers Inc., Corning, INC., Sage Electronics, Pleotint LLC, Hitachi Chemical Co. Ltd., Asahi Glass Co., Ltd., SAGE Electrochromics, Inc., SmartGlass International Ltd., Ravenbrick LLC, Pleotint LLC, Saint-Gobain S.A., and E. I. du Pont de Nemours and Company. The market is ruled by a few key players rendering solutions for end-user applications.

The global smart glass market is segmented as follows –

By Technology


Electrochromic
Polymer Dispersed Liquid Crystal (PDLC)
Suspended Particle Devices (SPD)
Thermochromic
Photochromic


By Application


Architectural
Transportation



Automotive
Aircraft
Marine



Consumer electronics
Power generation


By Region


North America



U.S
Canada
Mexico



Europe



Germany
France
UK
Italy
Spain
Rest of Europe



Asia-Pacific



Japan
China
Australia
India
South Korea
Rest of Asia Pacific



Rest of the World



Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others


Some of the key questions answered by the report are:

· What was the market size in 2014 and forecast from 2014 to 2023`

· What will be the industry market growth from 2014 to 2023`

· What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast`

· What are the major segments leading the market growth and why`

· Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition`

Table of Content

Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Surging Demand for Smart Glass-based Products
3.2.1.2. Favorable Administrative Initiatives for Green Building Proposals
3.2.1.3. High Adoption in the Transportation Sector
3.2.2. Restraints
3.2.2.1. High Acquisition Cost of Smart Glass Solutions
3.2.2.2. Lack of Patents and Adequate Technical Expertise
3.2.2.3. Lack of Awareness
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Smart Glass Market by Technology
4.1. Introduction
4.2. Global Smart Glass Sales, Revenue and Market Share by Technology (2014-2017)
4.2.1. Global Smart Glass Sales and Sales Share by Technology (2014-2017)
4.2.2. Global Smart Glass Revenue and Revenue Share by Technology (2014-2017)
4.3. Smart Glass Market Assessment and Forecast, by Technology, 2014-2023
4.4. Electrochromic
4.4.1. Market Assessment and Forecast, by Region, 2014-2023 ($Million)
4.5. Polymer Dispersed Liquid Crystal (PDLC)
4.5.1. Market Assessment and Forecast, by Region, 2014-2023 ($Million)
4.6. Suspended Particle Devices (SPD)
4.6.1. Market Assessment and Forecast, by Region, 2014-2023 ($Million)
4.7. Thermochromic
4.7.1. Market Assessment and Forecast, by Region, 2014-2023 ($Million)
4.8. Photochromic
4.8.1. Market Assessment and Forecast, by Region, 2014-2023 ($Million)
5. Smart Glass Market by Application
5.1. Introduction
5.2. Global Smart Glass Sales, Revenue and Market Share by Application (2014-2017)
5.2.1. Global Smart Glass Sales and Sales Share by Application (2014-2017)
5.2.2. Global Smart Glass Revenue and Revenue Share by Application (2014-2017)
5.3. The Smart Glass Market Assessment and Forecast, by Application, 2014-2023
5.4. Architectural
5.4.1. Market Assessment and Forecast, by Region, 2014-2023 ($Million)
5.5. Transportation
5.5.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
5.5.2. Market Assessment and Forecast, by Region, 2014-2023 ($Million)
5.5.3. Automotive
5.5.3.1. Market Assessment and Forecast, by Region, 2014-2023 ($Million)
5.5.4. Aircraft
5.5.4.1. Market Assessment and Forecast, by Region, 2014-2023 ($Million)
5.5.5. Marine
5.5.5.1. Market Assessment and Forecast, by Region, 2014-2023 ($Million)
5.6. Consumer electronics
5.6.1. Market Assessment and Forecast, by Region, 2014-2023 ($Million)
5.7. Power generation
5.7.1. Market Assessment and Forecast, by Region, 2014-2023 ($Million)
6. Smart Glass Market by Region
6.1. Introduction
6.2. Smart Glass Market Assessment and Forecast, by Region, 2014-2023 ($Million)
6.3. Global Smart Glass Sales, Revenue and Market Share by Regions
6.3.1. Global Smart Glass Sales by Regions (2014-2017)
6.3.2. Global Smart Glass Revenue by Regions (2014-2017)
6.4. North America
6.4.1. North America Smart Glass Sales and Growth Rate (2014-2017)
6.4.2. Market Assessment and Forecast, by Country, 2014-2023 ($Million)
6.4.3. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.4.4. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.4.5. U.S.
6.4.5.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.4.5.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.4.6. Canada
6.4.6.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.4.6.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.4.7. Mexico
6.4.7.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.4.7.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.5. Europe
6.5.1. Europe Smart Glass Sales and Growth Rate (2014-2017)
6.5.2. Market Assessment and Forecast, by Country, 2014-2023 ($Million)
6.5.3. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.5.4. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.5.5. Germany
6.5.5.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.5.5.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.5.6. France
6.5.6.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.5.6.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.5.7. UK
6.5.7.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.5.7.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.5.8. Italy
6.5.8.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.5.8.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.5.9. Spain
6.5.9.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.5.9.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.5.10. Rest of Europe
6.5.10.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.5.10.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.6. Asia-Pacific
6.6.1. Asia-Pacific Smart Glass Sales and Growth Rate (2014-2017)
6.6.2. Market Assessment and Forecast, by Country, 2014-2023 ($Million)
6.6.3. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.6.4. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.6.5. Japan
6.6.5.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.6.5.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.6.6. China
6.6.6.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.6.6.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.6.7. Australia
6.6.7.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.6.7.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.6.8. India
6.6.8.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.6.8.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.6.9. South Korea
6.6.9.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.6.9.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.6.10. Rest of Asia-Pacific
6.6.10.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.6.10.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.7. Rest of the World
6.7.1. Rest of the World Smart Glass Sales and Growth Rate (2014-2017)
6.7.2. Market Assessment and Forecast, by Country, 2014-2023 ($Million)
6.7.3. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.7.4. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.7.5. Brazil
6.7.5.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.7.5.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.7.6. Turkey
6.7.6.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.7.6.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.7.7. Saudi Arabia
6.7.7.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.7.7.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.7.8. South Africa
6.7.8.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.7.8.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.7.9. United Arab Emirates
6.7.9.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.7.9.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
6.7.10. Others
6.7.10.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)
6.7.10.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)
7. Company Profiles
7.1. Asahi Glass Co., Ltd. (AGC)
7.1.1. Business Overview
7.1.2. Product Portfolio
7.1.3. Strategic Developments
7.1.4. Smart Glass Sales, Revenue and Market Share
7.2. ChromoGenics AB
7.2.1. Business Overview
7.2.2. Product Portfolio
7.2.3. Strategic Developments
7.2.4. Smart Glass Sales, Revenue and Market Share
7.3. Corning Incorporated
7.3.1. Business Overview
7.3.2. Product Portfolio
7.3.3. Strategic Developments
7.3.4. Smart Glass Sales, Revenue and Market Share
7.4. DuPont
7.4.1. Business Overview
7.4.2. Product Portfolio
7.4.3. Strategic Developments
7.4.4. Smart Glass Sales, Revenue and Market Share
7.5. e-Chromic Technologies, Inc.
7.5.1. Business Overview
7.5.2. Product Portfolio
7.5.3. Strategic Developments
7.5.4. Smart Glass Sales, Revenue and Market Share
7.6. Gentex Corporation
7.6.1. Business Overview
7.6.2. Product Portfolio
7.6.3. Strategic Developments
7.6.4. Smart Glass Sales, Revenue and Market Share
7.7. Guardian Industries Corp.
7.7.1. Business Overview
7.7.2. Product Portfolio
7.7.3. Strategic Developments
7.7.4. Smart Glass Sales, Revenue and Market Share
7.8. Hitachi Chemical Co., Ltd.
7.8.1. Business Overview
7.8.2. Product Portfolio
7.8.3. Strategic Developments
7.8.4. Smart Glass Sales, Revenue and Market Share
7.9. Innovative Glass Corporation
7.9.1. Business Overview
7.9.2. Product Portfolio
7.9.3. Strategic Developments
7.9.4. Smart Glass Sales, Revenue and Market Share
7.10. Kinestral Technologies, Inc.
7.10.1. Business Overview
7.10.2. Product Portfolio
7.10.3. Strategic Developments
7.10.4. Smart Glass Sales, Revenue and Market Share
7.11. LTI Smart Glass, Inc.
7.11.1. Business Overview
7.11.2. Product Portfolio
7.11.3. Strategic Developments
7.11.4. Smart Glass Sales, Revenue and Market Share
8. Global Smart Glass Market Competition, by Manufacturer
8.1. Global Smart Glass Sales and Market Share by Manufacturer (2016-2017)
8.2. Global Smart Glass Revenue and Market Share by Manufacturer (2016-2017)
8.3. Top 5 Smart Glass Manufacturer Market Share
8.4. Market Competition Trend


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