Construction and Automotive Industries to Remain Key End Users for Smart Glass and Windows Market

The global smart glass and window market is expected to witness a high level of growth in the next few years. The rising focus on research and development activities are anticipated to supplement the growth of the market in the near future. As per the research report by Transparency Market Research, the global market for smart glass and windows is estimated to reach a value of US$6.07% bn by the end of 2021. The market is likely to register a strong 14.70% CAGR between 2015 and 2021.

In the following Transparency Market Research blog, several questions related to the growth prospects and challenges of the global market have been discussed at length to offer a clear understanding for readers and market players.

How will North America maintain its leading position in the near future?

In the recent years, North America led the global smart glass and window market, holding a large share. This region is predicted to remain in the position in the next few years and register a strong growth rate between 2015 and 2021. The growing focus of the leading players on technological advancements and innovations is projected to encourage the growth of the North America market in the coming years. In addition, the growing demand for energy-efficient products and the favorable regulatory framework are expected to accelerate the growth of the North America market in the coming years. Furthermore, the increasing contribution from the U.S. is likely to supplement the market’s growth in the near future.


Which application sector is predicted to accelerate the market’s growth?

The expansion of the application areas and the emergence of innovative products have contributed substantially towards the market’s growth in the last few years. Some of the key applications of smart glass and windows are construction, automotive, marine, and aircraft. Among these segments, construction and automotive sectors are predicted to experience a high level of growth in the next few years. The growing demand high-efficiency vehicles and a remarkable rise in the construction activities are projected to encourage the growth of these segments in the near future.

Which factors are likely to bolster smart glass and window market in the near future?

The growing need for energy efficiency and the increasing demand for smart glasses in the automotive sector are the key factors estimated to encourage the growth of the global smart glass and windows market in the next few years. In addition, the rising number of opportunities in several developing economies is projected to accelerate the market’s growth in the coming years. On the flip side, the rising cost of smart glass is expected to restrict the growth of the global smart glass and window market in the near future. Nonetheless, the expansion of application areas and the introduction of new products are likely to contribute towards the development of the market in the next few years.








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