TechNavio recognizes the following companies as the key players in the Global Automotive Glass Market: Saint-Gobain S.A., Asahi Glass Co. Ltd. (AGC), Nippon Sheet Glass (NSG), and FUYAO Glass Industries Co. Ltd.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The increasing demand for smart glass is one of the major trends in the Global Automotive Glass market. Smart glass is being used increasingly by high-end automotive manufacturers such as Mercedes Benz, BMW, and Audi. Smart glass is replacing normal glass in the Automotive industry for items such as windshields, sun visors, sunroofs, side windows, rear-view mirrors, and dashboard displays. Smart glass windshields, sunroofs, and side windows help save energy by maintaining the interior temperature of the car in extreme weather conditions. Smart glass windshields also provide the best vision to the driver around the clock. Furthermore, electrochromic rear-view mirrors are being adopted to facilitate automatic dimming in automobiles. Thus, the Global Smart Glass market in the Automotive industry is expected to reach around US$3.47 billion by 2018 because all major automotive manufacturers are planning to adopt various types of technically advanced smart glass in their upcoming high-end cars.”
According to the report, the increase in automotive production and sales is one of the major growth drivers in the market. In recent years, the Global Automotive market has witnessed a steady growth rate, and this is expected to continue during the period 2012-2016. Since the Global Automotive Glass market is heavily dependent on the Global Automotive market, steady growth in this market should boost the demand for automotive glass products.
Further, the report states that one of the major challenges facing this market is changing technological trends. The products of the vendors in this market are highly technology-centric, and any advancement in technology or the emergence of a new technology could render these products obsolete.
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. For further information on this report, please visit https://www.technavio.com/content/global-automotive-glass-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research Report – Global Automotive Glass Market 2012-2016
