- The Global Smart Glass market is expected to grow at a CAGR of 19.19 percent during the forecast period of 2013-2018.
London, 12 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Smart Glass Market 2014-2018. One of the emerging trends in this market is the increased applications of smart glass in the construction and architecture sector, which is expected to continue during the forecast period because of the change in consumer mindset regarding energy savings. Recent developments regarding the use of smart glass in solar panels will become a major trend propelling market growth.
Smart glass is increasingly being used in various auto components because of its unique properties. Many high-end global automobile manufacturers, including BMW and Audi, have started replacing plain glass with smart glass products.
The key vendors in this market are AGC Group, E.I. du Pont de Nemours and Company (DuPont), PPG Industries Inc. and Saint-Gobain SA.
“With the increasing awareness about the need to save energy globally, consumers are opting for various energy-saving techniques,” says Faisal Ghaus, Vice President of TechNavio Research.
“As a result of the developments in the Construction and Architecture sector, environment-loving consumers are mostly favoring smart glass instead of plain glass for residential and commercial buildings.”
Suspended Particle Device Smart Glass Technology
SPD-SmartGlass technology uses suspended microscopic particles in the form of a thin layer between layers of glass. It is translucent in the unpowered state and turns transparent when its transmittance is raised because the aligning of particles by the electrical current. The amount of light, glare, and heat passing through the smart glass is controlled by the user. The Automotive sector will become the major user of SPD-SmartGlass because of the increase in the applications of smart glass in automobiles during the forecast period of 2013-2018.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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