Smart Glass Market Revenue and Value Chain 2015-2025 FMI | Page 5

Report
Description
Report Description
On the basis of technology, the market is sub segmented into thermochromic device,
electrochromic devices, liquid crystal devices, suspended particle devices and micro blinds.
Liquid crystal technology based smart glass is usually used in electronic devices. In
automotive and architectural applications, electrochromics and suspended particle devices
are used commonly; for power generation application, thermochromic and photochromic
technology is used.
Smart Glass Market: Region-wise Outlook
On the basis of regions the market is further sub-segmented into seven regions, North
America, Latin America, Asia-Pacific (excluding Japan), Japan as a separate region, Western
Europe, Eastern Europe and Middle East & Africa. Out of all these regions, North America
dominates the global smart glass market in terms of high production as well as consumption
of smart glasses. But it is estimated that European market will grow significantly in near
future due to its architectural advancement i.e. presence of large size windows in residential
as well as commercial buildings compare to North America’s buildings, updated building
construction and efficiency standards of government. Owing to these advantages, it has
been forecasted that the European market will overtake the North America smart glass
market.