According to a new report published by Allied Market Research, titled, "Automotive Smart Window Market," The automotive smart window market was valued at $1.4 billion in 2021, and is estimated to reach $8.6 billion by 2031, growing at a CAGR of 20.1% from 2022 to 2031.
Prominent factors that impact the automotive smart window market growth include surge in demand for electric & hybrid vehicles and high demand from the passenger car segment. However, high product cost and high capital investments for R&D restricts the market growth. On the contrary, lowering prices of advance materials and high demand from Asia-Pacific are expected to create lucrative opportunities for the market.
The automotive smart window market is segmented on the basis of technology, type, vehicle type, and region. By technology, the market is classified into electrochromic, polymer dispersed liquid device, and suspended particle device. On the basis of type, the market is divided into OLED glass, self-dimming window, and others. Depending on vehicle type, it is categorized into light commercial vehicles, medium & heavy commercial vehicles, and passenger cars.
Region wise, the automotive smart window market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America dominated the Automotive Smart Window Market in 2022 and is projected to register significant growth rate during the forecast period owing to growth of the commercial sector.
The key players profiled in the report include: AGC Inc., Gentex Corporation, Corning Incorporated, Saint Gobain, Pleotint LLC, PPG Industries, Hitachi Ltd., RavenWindow, View, Inc., and Research Frontiers Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive smart window market analysis from 2022 to 2032 to identify the prevailing automotive smart window market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the automotive smart window market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global automotive smart window market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Technology
- Electrochromic (EC)
- Polymer Dispersed Liquid Device (PDLC)
- Suspended Particle Device (SPD)
By Type
- OLED Glass
- Self-dimming Window
- Others
By Vehicle Type
- Light Commercial Vehicles
- Medium and Heavy Commercial Vehicles
- Passenger Cars
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- RavenWindow
- PPG Industries
- Research Frontiers Inc.
- View, Inc.
- saint gobain
- Gentex Corporation
- Corning Incorporated
- Hitachi, Ltd
- AGC Inc.
- PLEOTINT LLC