Glen Allen, VA: Industry analyst firm NanoMarkets has published a new report, “Smart Glass Opportunities in the Automotive Industry – 2014” covering the market for smart glass in the automotive sector. In this report the NanoMarkets says it expects this market to reach $2.1 billion by 2019, compared with $1.0 billion in 2014.
Smart glass sales for cars, trucks and public transport are currently dominated by electrochromic mirrors; a relatively mature business. However, the report predicts new revenue opportunities emerging for smart auto glass from active self-dimming windows, self-cleaning glass and self-repairing glass and especially from glass embedded with electronic and photovoltaic capability. Electrochromic mirrors account for 90 percent of smart auto glass revenues today, but this percentage will have dropped to 67 percent by 2019.
Key factors promoting the use of smart automotive glass include enhanced energy efficiency, safety, comfort and style. These factors are not new to the auto industry but ongoing technology improvements allow smart glass firms to better create value with their products.
For more information on the report see: http://nanomarkets.net/market_reports/report/smart_glass_opportunities_in_the_automotive_industry_2014
