Smart Glass Market Revenue and Value Chain 2015-2025 FMI | Page 4

Report
Description
Report Description
Factors which are restraining the growth of global smart glass market are high cost as
compared to their alternatives, slow response of large sized smart glass, concern while
maintaining exact colour balance, and a general lack of awareness about their benefits. In
the near future, global smart glass market is estimated to witness commercialization, it will
be in terms of enhanced operation efficiency and cost efficiency, and wide range of
applications and incorporation of advanced materials.

Smart Glass Market: Segmentation
Global smart glass market is segmented on the basis of verticals, technology and regions. On
the basis of verticals, the market is further sub-segmented into various industrial verticals
such as transportation, infrastructural development, and electronics industries.
Infrastructural development sub-segment is further categorised as residential, commercial
and architecture. Among these verticals, infrastructural development is largest in terms of
market share. It is mainly because of increasing demand of smart glasses in architecture.
Smart glass in architecture helps in controlling light and heat. Use of smart glass is also
growing in residential and commercial buildings in the form of doors, windows, partitions
and skylights. Followed by infrastructural development, transportation vertical is second
largest in terms of market share with high growth potential during forecasted period. In
transportation vertical, smart glasses are used in automotive, aviation, car or bus and in
marine.
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