Skip to main content

Growth of the global smart glass market is driven by growing construction of organizational structures

By
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.
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 growth.
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 applications.

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 revenue.
  • 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 period.
  • Germany generated one-fifth of the total revenue in European smart glass market, and is expected to show highest growth rate.
  • 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 period.
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.
Labels:

Comments

Post a Comment

Popular posts from this blog

Canada accounted for over one-fourth share of the coal bed methane market

By
A new report published by Allied Market Research titled,   Coal Bed Methane Market by Application- Global Opportunity Analysis and Industry Forecast, 2017-2023,,   stats that the coal bed methane market was valued at $9,089 million in 2016, and is projected to reach at $17,956 million by 2023, growing at a CAGR of 9.0% from 2017 to 2023. North America dominates the coal bed methane (CBM) market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period. Download the Sample Report @  https://www.alliedmarketresearch.com/request-sample/488?utm_source=Blogger&utm_medium=Niranjan Coal bed methane (coal seam methane) is a mixture of methane and trace quantities of light hydrocarbons, nitrogen, and CO2, which are generated during the geological transformation from peat to anthracite coal in underground coal seams. The global coal bed methane market is driven by reduction in methane emissions associated with conventional...
Post a Comment
Read more

Putting Digital Therapeutics to Change Future of Healthcare

By
What are digital therapeutics? A new trend out of the fast-growing mobile health (mHealth) market for life sciences, digital therapeutics are software products used in the treatment of medical conditions. A growing number of start-ups and well-established technology companies are introducing innovative applications designed to enable patients to take greater control of their care. They are similar to customer wellness apps, but with one key difference: Digital therapeutics focus on delivering clinical outcomes. Better health care through digital therapeutics Digital therapeutics have the potential to address unmet patient needs that traditional treatments and therapies have been unable to provide. Companies that are able to leverage life sciences technology to address these gaps, in combination with faster product development timelines, could gain a significant advantage over traditional life sciences companies. For pharmaceutical and medtech companies, digital therapeutics offer a wa...
Post a Comment
Read more

Micro Irrigation System in Agriculture Irrigation Market

By
The Micro Irrigation System in Agriculture Irrigation Market is Anticipated to Reach $2,587.6 million by 2018, at a CAGR of 18.0% from 2013 to 2018 The micro irrigation system in agriculture irrigation market defines and segments the market in with analysis and forecast of revenue. This market is estimated to grow from $1,133.2 million in 2013 to $2,587.6 million by 2018, at a CAGR of 18.0%, for the given period. Browse through the TOC of the micro irrigation system in agriculture irrigation market report, to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in the micro irrigation systems for agriculture irrigation application, and is supported by various tables and figures. http://www.micromarketmonitor.com/applications/micro-irrigation-system-in-agriculture-irrigation-8886437010.html Micro irrigation systems are mainly utilized for agriculture in order to ensure proper water dispersal in order to maintain soil qu...
Post a Comment
Read more