ResearchAndMarkets recently released the "2020-2030 Smart Glass and Smart Window Market Global Opportunity Analysis and Industry Forecast" report. The global smart glass and smart windows market size was valued at USD 5.14 billion in 2020 and is expected to reach USD 19.62 billion by 2030, growing at a CAGR of 15.0% from 2021 to 2030.
Smart glass and smart windows are glass-based products that change the transmission properties of light when voltage, light, or heat is applied. In smart windows, glass typically transitions from translucent to transparent by blocking many wavelengths of light. Widely used in the automotive, aerospace, marine, commercial, and residential construction industries. In architectural glass, a double-coated low-emissivity glass layer can be added in the production of insulating glass, which can improve the thermal insulation function and thermal insulation function of the glass building.
The growth of the global smart glass and smart windows market is expected to be driven by factors such as increasing demand for smart glass products from the automotive and aerospace industries, decreasing spending on air conditioning, heating, and lighting, and stringent government regulations.
However, the high cost of smart glass and smart window products is a major restraint for the market. Declining prices of electrochromic materials, adoption of new technologies, and advancements in smart glass functionality are expected to drive the growth of the smart glass and smart windows market over the forecast period.
Figure 1 The Smart Glass and Smart Window
The major market players in smart glass and smart windows covered in the report are
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