Global Smart Glass Industry was valued at USD 3.04 Billion in the year 2017. Global Smart Glass Industry is further estimated to grow at a CAGR of 17.33% from 2018 to 2023 to reach USD 10.95 Billion. North America region holds the highest Industry share in 2016 and European Industry is considered as the fastest growing Industry in the forecasted period. At a country level, developed Industry like the U.S. as well emerging Industry with highest population base holds the notable Industry share in 2017 and it is projected to grow at a gradual rate in the coming years.
The major Industry players in Smart Glass Industry are ChromoGenics AB, DuPont, Asahi Glass Co. Ltd., Corning Incorporated, Gentex Corporation, Hitachi Chemical Co. Ltd., Research Frontiers, View Inc. and other 13 companies information is provided in research report). DuPont holding the substantial Industry share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
Between Transportation, Commercial, Architectural, Power Generation, Transportation segment because of the growing popularity and availability is expected to hold the highest Industry share during the forecast period.
Global Smart Glass Industry Overview
By Technology Protocol
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa