Smart glass and window is made up of special glass which changes light transmittance properties across a spectrum. The characteristics of these glasses can be varied depending on the ambient conditions with the help of heat voltage or light applied as per needs of the occupants. With increasing technological advancement, these glasses ensure user comfort, energy effectiveness, proper fuel consumption and blockage of harmful radiation among others.

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Smart Glass and Window Market was valued at US$2.2 bn in 2014 and is expected to exceed US$6 bn by 2021, at a CAGR of 14.7%, from 2015 to 2021.

The smart glass and window market is primarily driven by growing surge for efficient consumption of energy in buildings. Smart glasses reduce costs for air conditioning, lighting and heating among others and also block UV light. Moreover, these glasses are fuel efficient and have low carbon emissivity and hence are largely incorporated in personal vehicles. Furthermore, increasing demand from developing countries and new technological advancement are likely to create growth opportunity for the global smart glass and window market in the future. However, prices of smart glasses are approximately double as compared to conventional glasses. Hence the use of smart windows is mostly limited to rich commercial and corporate buildings. With decrease in price of electrochromic materials used in smart windows, the costs of these glasses are expected to drop down in the future.

Smart glass and window market, by technology: The market is broadly classified on the basis of technology into:

Active

> Polymer Dispersed Liquid Crystals (PDLC)
> Suspended Particle Device (SPD)
> Electrochromic
> Others (Micro blinds and nano crystals)

Passive

> Passive Photochromic
> Passive Thermochromic

Active smart glass and window held the largest share of the market globally in 2014 and accounted for more than 80%. These glasses are easy to operate and can change light transmission properties with the help of a single switch. Thus, they found huge application in construction and transportation sectors. The suspended particle device segment contributed to the largest share of the active smart glass and window market in 2014, owing to wide application in automobiles and airplanes.

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Passive photochromic smart windows provide broader range of dimmability and have potential application in architectural sector. Thus this segment held the largest share of the global market for passive smart glass and window.

Smart glass and window market, by application The market is broadly divided on the basis of application into:

> Automotive
> Aircraft
> Construction
> Marine

Automotive sector held the largest share of the market in 2014. Increasing demand for fuel efficiency, better adaptability and control of light along with passenger privacy and protection from radiation are some of the major factors boosting the demand for smart glass and window in automotive sector.

North America region have the largest share of global market in terms of revenue in 2014 and accounted for more than 30% of the overall market. The market in North America is primarily driven by increasing technological development and rising consumer awareness for energy conservation in U.S. and Canada among others. Europe held the second largest market globally and accounted for more than 25%. The market in this region is driven by increasing architectural developments along with existence of large glass formats in Europe.

Some of the key players in this Market are:

> Research Frontiers, Inc. (U.S.)
> View Inc.(U.S.)
> Pleotint Llc.(U.S.)
> Asahi Glass Co., Ltd.(Japan)
> Compagnie de Saint-Gobain S.A.(France)
> Hitachi Chemical Co., Ltd.(Japan)

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