LONDON--(BUSINESS WIRE)--The global smart glass market is expected to post a CAGR of over 20% during the period 2019-2023, according to the latest market research report by Technavio.
The demand for aircraft is expected to increase due to rise in demand for air travel during the forecast period. This growth is also expected to fuel the demand for the smart glass market as they are increasingly being used in aircrafts. The use of smart glass allows the users to manage the light and glare entering the cabin through windows in the aircraft, which will help in improving customer experience. Also, windows are a primary source of heat entering into the cabin, however, smart windows can control the amount of heat entering the cabin and help in keeping the cabin cool. In addition, smart glass helps restrict cabin noise as it consists of a layer of transparent acoustic insulation film. Therefore, these features will lead to an increase in the adoption of smart glass in aircrafts during the forecast period.
As per Technavio, the emergence of smart solar windows will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global smart glass market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Smart Glass Market: Emergence of Smart Solar Windows
Solar technology has been at the forefront of all green energy innovations. The research on green energy has been growing and leading to scientific discoveries that are helping the environment become safer and sustainable. Smart glass has been in existence for a decade now; with research underway that seeks to convert sun light into electricity. Furthermore, the electricity generated through smart solar windows can be used to charge batteries of smartphones or onboard electronics, such as rain sensors, fans, and motors. Such developments will encourage enterprises to opt for smart solar windows, which in turn will lead to the growth of the global smart glass market during the forecast period.
“Apart from the emergence of smart solar windows, the increasing demand from healthcare providers is one other major aspect, that is expected to drive market growth. Currently, healthcare providers are opting for smart glass as it helps staff and doctors to avoid contamination. Healthcare providers face the problem of cross-contamination from infectious pathogens while monitoring patients. With smart glass, the staff and doctors can monitor patients without entering the isolation unit. Hence, smart glass helps in providing a clean environment to patients in healthcare facilities which will improve patient recovery time as overall outcomes,” says a senior analyst at Technavio.
Global Smart Glass Market: Segmentation Analysis
This market research report segments the global smart glass market by application (infrastructural development, transportation, and others), by technology (active smart glass, and passive smart glass) and geographical regions (North America, Europe, APAC, South America, and MEA).
The North American region led the market in 2018, followed by Europe, APAC, South America, and MEA respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth due to increasing demand from industries such as construction and healthcare.
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Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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