Smart Glasses Market, by Product Type (Electro chromic Devices, Liquid Crystal Devices, Suspended Particle Devices, Thermo chromic device and micro blinds) by End User (Infrastructural Development, Transportation Industry and Electronic industry) – Global Industry Insights, Trends and Forecast, 2017 - 2025

Created On: Jul-2018
Report ID: IR119
Format: PDF

Market Overview

Smart glasses refers to the wearable computer glasses that adds more information with what the wearer sees. Such glasses are also defined as the wearable glasses that are able to change properties during their run time. Like any computing devices, and smart phones, smart glasses can collect information form the external and internal sensors. In addition to this, it can control or retrieve data from other computers or instruments and supports technologies such as Wi-Fi, Bluetooth and GPS.

Rise in the advanced technologies and adoption of innovative methods create lucrative opportunity for the companies which are involved in the manufacturing of smart glass. For instance, AGC AGC Asahi which is a leading manufacturer of chemicals glass announced their plans to establish research and development to centralize the development of new product, technologies and processes.

Market Dynamics

Rise in the adoption of sustainable solution in the automotive and architectural sector is driving the market growth rate. Automotive consumers are becoming aware about the technology comfort and the luxury of the technology used in the smart glass thereby bolstering the demand of the smart glass. According to Insights and Reports there were more than 17,000 shipments of smart glasses in 2017. In addition to this stringent regulations and policies for the security and safety of the passengers is another factor that that is forcing the vehicle owners to use smart glasses thereby resulting to the growth of the overall smart glass market. However high cost, maintaining the exact color balances and low awareness regarding the benefits of smart glasses is retraining the market. Moreover new kinds of glasses in the smart auto system are generating opportunity to the market during the forecast period. Nanomarkets anticipated new kinds of displays such as curved, transparent and flexible glasses. Such product innovation provides enhanced intelligence for the newly manufactured cars.

Segmentation Analysis

The market has been segmented into different technology such as electro chromic devices, liquid crystal devices, and suspended particle devices. thermo chromic device and micro blinds. The electro chromic smart glass segment dominated the market owing to unique features such as reduced rate in time to apply glass effect at a lower voltage consumption and delivering proper blockage ratio of hazardous UV and IR rays. The growth can also be attributed to the rise in applicability in the domestic and automotive sectors.

In terms of end user the market has been segmented into infrastructural development, transportation and electronic industry. Infrastructural development has been further segmented into commercial, residential and electronics industry. Infrastructural development dominated the market owing to the increasing demand for the smart glasses in the architectural industry. Smart glass used in the architectural industry helps in controlling heat and light thus resulting to the rise in adoption of such products in recent years.

Regional Outlook

In terms of region wise study the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. North America dominated the market due to the rising consumption of smart glasses in the construction sector. U.S market experienced rise in the expenditure reaching over US$ 1,231 billion in the construction sector. Positive trends in the residential market has resulted to the rise in the growth of the construction industry. Smart glass is becoming an emerging technology in the construction management. The construction industry is adopting smart glass technology because the device provides a great opportunity to advance information exchange in construction management. However Europe smart glass market will rise significantly owing to the presence of large sized windows in the commercial and residential buildings.

Competitive Landscape

The industry participants follows common strategy of technology, vertical integration and licensing. The market players also follow strategic collaboration and partnership with the material science and chemical companies, manufacturers of the insulating glass unit.

Some of the key players operating in the smart glass market Vision Systems, PPG Industries Inc., RavenBrick LLC, Research Frontiers Inc., Pleotint LLC, PPG Industries Inc., Corning, INC., Sage Electronics, Hitachi Chemical Co. Ltd., Asahi Glass Company Ltd., among others.

Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
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