Smart Glass Market Expand to Reach US$7.04 Bn by 2024

The global smart glass market has been prognosticated in a report by Transparency Market Research (TMR) to bear a consolidated characteristic for its vendor landscape owing to the presence of a handful of companies operating therein. Some of the leading players of the market are Guardian Industries, DuPont, Saint-Gobain, and Asahi Glass Co. In the recent past, these players had showcased their dominance in the market by securing a handsome share. As predicted in the report, the competition in the market could escalate during the course of the forecast tenure as participants engage in strategic alliances, mergers, and acquisitions.

Request for Sample @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1026

TMR has foretold the global smart glass market to expand at a 14.50% CAGR between 2016 and 2024 to reach to a US$7.04 bn growth by the completion of the forecast tenure. By end user, the market could honor the transportation industry as a leading segment owing to its larger share. On the basis of region, North America has been foreseen to account for a staggering share in the coming years.

Promotion of Green Buildings to Conserve Energy Increases Demand

There has been a substantial increase in the demand for sustainable energy these days due to significant depletion of energy sources. This has compelled government bodies to take initiatives and implement regulations to curb the consumption of energy. In several developed nations, governments have been taking powerful initiatives to conserve energy, including the promotion of building green structures. The demand for smart glass could surge expansively in the foreseeable future on account of growing awareness about its important role in saving energy that is required for lighting, cooling, and heating purposes in green buildings.

Request for Brochure @

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1026

The demand for smart glass has been projected to stay strong in the transportation industry because of growing application in the manufacture of mirrors, rear and side windows, sunroofs, and sun visors for premium automobiles. Rising applications in the automotive and aviation industries could also help the world smart glass market to increase growth in the near future.