logo
logo
Sign in

Smart Glass Market Growth in Fortune Business Insights™ as Saint-Gobain, View, Inc. GENTEX Corporation, Polytronix, Inc. Forecast 2027, Fortune Business Insights™

avatar
Niteshvhaval
Smart Glass Market Growth in Fortune Business Insights™ as Saint-Gobain, View, Inc. GENTEX Corporation, Polytronix, Inc. Forecast 2027, Fortune Business Insights™

According to Fortune Business Insights the global smart glass market size is projected to reach USD 15,788.0 million by the end of 2027. The increasing investments in the research and development of low cost and efficient products will bode well for market growth. The increasing integration of smart glasses in the aerospace industry will have a positive impact on market growth. According to a report published by Fortune Business Insights, titled “Smart Glass Market Size, Share & Industry Analysis, By Technology (Polymer Dispersed Liquid Crystal Glass, Suspended Particle Device Glass, Electrochromic Glass, Photochromic Glass, and Thermochromic Glass), Application (Architectural, Automotive & Transportation, Consumer Electronics, Power Generation, and Others), and Regional Forecast, 2020-2027,”

The Smart Glass Market was worth USD 4,651.3 millionin 2019 and will exhibit a CAGR of 7.2% during the forecast period, 2020-2027.

Smart glass is widely used across several industry verticals as a medium of display and other interfaces. The product works on the mechanism of light or voltage transmission wherein it changes its appearance whenever the aforementioned factors are passed or applied through it. The massive investments in the research and development of smart glass are consequential to the increasing applications of the product across diverse industries. The rising adoption and subsequently rising demand for smart homes and the integration of technologically advanced devices will create several growth opportunities for the market in the coming years. Due to the massive potential held by smart glass across the world, there are several companies operating across the world. Ultimately, the fierce market competition results in even more innovations and this will have a positive impact on the growth of the overall market in the coming years.

Decrease in Product Demand during the Covid-19 Pandemic will have a Negative Impact on SMEs

The recent coronavirus outbreak has had a drastic impact on several industries across the world. With shutdowns in manufacturing units and production houses, the coronavirus outbreak has hampered the economic conditions of most businesses that come under the small and medium enterprise (SME) bracket. The decreasing in demand for smart glasses in industrial sectors will have a negative impact on the market. Having said that, the constant demand for smart homes and the increasing integration of smart glasses in smart homes,will provide a platform for growth in an otherwise stagnant market.

Company Mergers and Acquisitions are an Increasing Trend Among Major Companies across the World

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Accounting to the massive potential held by smart glass across the world, there have been several company mergers and acquisitions in recent times. Due to healthy market competition, large scale companies are looking to acquire start-ups as well as SMEs. In 2020, Smartglass International announced that has forged a partnership with V-stream. The latter is an Ireland-based company and focuses on tech-innovations. Through this collaboration, the companies will look to implement the multi-panel floor-to-ceiling privacy smart glass, specifically for Dell offices in Ireland. Given the massive demand for smart glasses in Europe, this collaboration will influence other companies in this sector. The report highlights a few other company mergers of recent times and discusses their impact on the global market.

Browse Summary of This Research:

https://www.fortunebusinessinsights.com/smart-glass-market-102569

collect
0
avatar
Niteshvhaval
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more