DUBLIN--(BUSINESS WIRE)--The "Automotive Smart Window Market by Technology, Type, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The global automotive smart window Market size was valued at $1.17 billion in 2020, and is projected to reach $6.94 billion by 2030, registering a CAGR of 19.6% from 2021 to 2030.
An automotive smart window is constructed by lamination with a switchable film or smart film, by using materials like glass, acrylic or polycarbonate laminates. Automotive smart window light transmission properties are varied by changing applied voltage, light or heat. Its technology includes Electrochromic, Photochromic, Thermochromic, Suspended-particle, among others.
Growth of the global automotive smart window market is anticipated to be driven by factors such as surge in demand for smart window from transportation sector. Also, Smart window plays a crucial role in reducing costs for heating, air conditioning, and lighting which drive its market.
In addition, smart windows help in blocking ultra violet light which boosts the product demand and contribute to the overall market growth. However, high cost of smart windows acts as a major restraint for the global automotive smart window industry. On the contrary, surge in demand for solar energy solution provided by smart window is expected to create lucrative opportunities for the market.
Key Findings Of The Study
- The suspended particle device segment is projected to be the major technology, followed by electrochromic
- Asia-Pacific and North America collectively accounted for more than 54% of the automotive smart window market share in 2020
- Japan is anticipated to witness highest growth rate during the forecast period
- U.S was the major shareholder in the North America automotive smart window market, accounting for approximately 69% share in 2020
- Depending on type, the OLED glass segment generated the highest revenue in 2020 However, the self-repairing segment is expected to witness the highest growth rate in the future
- Region wise, the market was dominated by North America However, Asia-Pacific is expected to witness significant growth in the coming years
Market Dynamics
Drivers
- Surge in Demand for Electric and Hybrid Vehicles
- High Demand from Passenger Car Segment
Restraint
- High Product Cost and Capital Investment for R&D
Opportunities
- Lower Prices of Advance Materials
- High Demand from Asia-Pacific Region
Key Players
- AGC Inc
- Corning Corporated
- Gentex Corporation
- Hitachi Chemicals
- Pleotint LLC
- PPG Industries
- RavenBrick LLC
- Research Frontiers
- Saint Gobain
- View Inc
Key Market Segments
By Technology
- Electrochromic (EC)
- Tungsten Based
- Non-Tungsten Based
- Photovoltaic Integrated
- All Solid State Switchable Mirrors
- Polymer Dispersed Liquid Device (PDLC)
- Suspended Particle Device (SPD)
By Type
- OLED Glass
- Self-dimming Window
- Self-Repairing
By Vehicle Type
- Light Commercial Vehicles
- Medium and Heavy Commercial Vehicles
- Passenger Cars
By Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
For more information about this report visit https://www.researchandmarkets.com/r/ba099
