DUBLIN--(BUSINESS WIRE )--The "Smart Glass and Smart Window Market By Technology, By End User: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.

The global smart glass and smart window market size was valued at $5.14 billion in 2020, and is projected to reach $19.62 billion by 2030, registering a CAGR of 15.0% from 2021 to 2030.

Smart glass and smart window are glass-based products, in which light transmission properties vary when voltage, light, or heat is applied. In a smart window, glass normally transforms from translucent to transparent by blocking numerous wavelengths of light. It is widely used in automotive, aerospace, marine, commercial & residential buildings, and other industries.

Growth of the global smart glass and smart window market is anticipated to be driven by factors, such as growing demand for smart glass-based products in the automotive & aviation sector, reducing expenditure on air-conditioning, heating, and lighting, and stringent regulations by government.

However, high initial cost of smart glass and smart window products acts as a major restraint for the market. On the contrary, decline in the price of electrochromic materials, adoption of new technology, and advancements in smart glass functions are expected to fuel the market growth during the forecast period.

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900