Report Ocean has recently published a new research report on the global automotive smart glass market. The study, titled “Global Automotive Smart Glass Market Size study, by Technology Type (Electrochromic, Polymer Dispersed Liquid Device (PDLC), Suspended Particle Device (SPD)), by Application Type (Rear and Side Windows, Sunroof Glass, Others), by Vehicle Type (Passenger Cars, Commercial Vehicles) and Regional Forecasts 2020-2027,” is prepared after carrying out a detailed analysis of this market, taking the performance of every market segment into consideration, using various research tools.
In the recent years, smart glasses have found extensive application in the automotive sector in a range of automotive applications, such as windshields, sunroofs, windows, and rearview mirrors. Awareness regarding the offerings of smart glasses, such as heat control, brightness control, and improved security and privacy, are driving their demand significantly. This, in turn, has encouraged automakers to deploy smart glass in vehicles, which is leading to an immense growth in the global automotive smart glass market.
Going forward, the rise in the manufacturing of passenger cars and commercial vehicles across the world and the increasing penetration of sunroof in luxury and premium vehicles are expected to propel the global market in the years to come. On the flip side, the high cost of materials and fabrication is may hamper the growth of this market during the period of the forecast, reports the market study.
Impact of Covid 19 on Global Automotive Smart Glass Market
One of the severely impacted markets from the Coronavirus pandemic is the global automotive industry and markets under its umbrella, including the global automotive smart glass market. With the production of automobiles being stopped completely, the demand for automotive smart glass also declined to a great extent. However, now as the production has resumed, the market for automotive smart glasses is projected to regain momentum across the world in the near future, s.
Asia Pacific to Register Highest Rise
Asia Pacific has surfaced as the leading regional market for automotive smart glasses, thanks to the high production of vehicles with advanced systems. The presence of a large pool of automakers is likely to maintain this region’s position over the next few years. The Asia Pacific automotive smart glass market is also expected to exhibit the highest growth rate during the forecast period. The increasing disposable income of consumers and the rise in demand for luxury and premium vehicles in Asian countries are projected to boost the growth of this regional market in the years to come, states the research report.
The global automotive smart glass market is segmented into:
By Technology Type
By Application Type
By Vehicle Type
Companies Mentioned in the Report