Product ID: SQMIG25K2070
Global Smart Glass Market Size, Share, Growth Analysis, By Technology(Photochromic, thermochromics), By Application(Transportation, consumer electronics) - Industry Forecast 2024-2031
Report ID:
SQMIG25K2070 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
66 |
Figures:
75
Global Smart Glass Market Dynamics
Smart Glass Market Drivers
Growing smart glass integration in automotive glass panels
- To differentiate their products from the competition, many multinational vehicle manufacturers are focusing on incorporating contemporary ideas into their vehicles. Due to the increasing purchasing power of consumers over the past ten years, consumers have insisted on opting for premium features in their vehicles. The use of switchable glass is one such design choice that has flourished in the car sector. In addition to windows, rear-view mirrors, windscreens, sun visors, sunroofs, and panoramic view windows, they are used in glass panels for these items. These glass panels help in maintaining temperature and privacy in the car apart from controlling the transmission of light into the vehicle's chamber. These qualities improve passenger comfort and vehicle energy efficiency.
The construction industry is increasing the adoption of smart glass
- Smart glass helps with ambient lighting, resulting in multi-functional environments that adapt and respond to human needs at the flick of a switch. Additionally, buildings have the ability to insulate from sound and heat, saving energy while offering 3D design options to architects and interior designers. These glasses are used in buildings to create smart windows, skylights, and facades that give the structure a distinctive, dynamic look and allow privacy to be regulated, especially in office spaces and hospital partitions. Rising consumer spending in emerging nations is expected to increase the need for intelligent building materials, which will enable consumers to live elegantly.
Smart Glass Market Restraints
High Cost of Smart Glass
- The overall cost of smart glass is based on glass cost, installation cost, power cost, and functional aspects such as control latency, transparency variation, and dimming capability. Compared to regular glasses, this charge makes these glasses significantly more expensive. Due to the use of rare chemicals and electronic systems, the disposal of waste glass panels also requires special treatment techniques, which increases the overall cost. These factors make it difficult for switchable glass manufacturers to list the benefits and attractive returns on investment that consumers will receive when adopting switchable glass. Despite the advantages of these glasses, their high cost is still the main obstacle which will hamper the market growth.
Global Smart Glass Market Report Snapshots
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