The global ''smart films international market'' size is expected to reach USD 9,026.9 million by 2027, exhibiting a CAGR of 15.7% during the forecast period. The growing shift from curtains, partitions, and glass doors to smart films in the healthcare industry will stimulate healthy growth of the market, states fortune Business Insights, in a report, titled “Switchable Smart Film Market Size, Share & COVID-19 Impact Analysis, By Type (Smart Films for Lamination, and Self-Adhesive Smart Film), Technology (Polymer Dispersed Liquid Crystal, Suspended Particle Device, Electrochromic, Thermochromic, and Photochromic), Application (Architecture, Automotive & Transportation, Consumer Electronics, Power Generation, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 2,934.8 million in 2019.
List of the Leading Companies Profiled in the Global Switchable Smart Film Market are:
- Smart Glass Group (U.S.)
- Smart Films International (U.S.)
- Polytronix, Inc. (U.S.)
- Glass Apps(U.S.)
- Scienstry, Inc.(U.S.)
- Pro Display (UK)
- Rayno Window Film (U.S.)
- SmartFilm (Lithuania)
- DMDisplay (Korea)
- Smart Tint, Inc. (U.S.)
- SONTE USA (U.S.)
- Smart Film Inc. (Canada)
- Hitachi Chemical Co., Ltd. (Japan)
- Gauzy Ltd and Entities (Israel)
- Other Key Players
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Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
The switchable smart film market report emphasizes on:
- Reliable data about competitors
- Key insights into the market
- Present and future scenario
- Dominant regions based on share
- Coronavirus effect on the market
Market Driver:
Significant Demand from the Construction Industry to Incite Growth
The growing adoption of switchable smart film in the building and construction industry will have a tremendous effect on the market. The increasing utilization of smart films to shield from UV rays and solar radiation in buildings will further spur the demand of the market. The rising inclination for maintaining ambient temperatures in closed infrastructures will create opportunities for the market. The use of these films has resulted in energy conservation owing to the reduced application of HVAC systems. The rising proclivity towards green and energy-efficient buildings will enable speedy expansion of the market. Moreover, the increasing acceptance of films in the automotive industry owing to its abilities to diminish sun glares. The rising demand for sunroof and windscreen equipped cars will further bolster the healthy growth of the market.
Declined Production and Operations to Thwart Market During Coronavirus
The constraint on the distribution and transportation of raw materials has created a hassle for the industry. The shutdown of manufacturing plants has directly impacted the supply chain of smart films. The dwindled operations in the automotive industry have further obstructed the demand of the market. However, the increasing adoption of films in hospitals and healthcare facilities owing to its ease in the disinfection process will consequently aid in backing the market during the pandemic.
Segment
- By Type (Value)
- Smart Film For Lamination
- Self-Adhesive Smart Film
- By Technology (Value)
- Polymer Dispersed Liquid Crystal
- Suspended Particle Device
- Electrochromic
- Thermochromic
- Photochromic
- By Application (Value)
- Architecture
- Automotive & Transportation
- Consumer Electronics
- Power Generation
- Others
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Rest of World
Regional Analysis:
Booming Automotive Industry to Propel Market in Europe
The market size for switchable smart film in Europe stood at USD 1,291.3 million in 2019 and is expected to rise tremendously during the forecast period owing to the growing demand from the automotive industry. The market in North America is expected to experience high growth during the forecast period owing to the rising adoption of smart films from the construction, automotive, and healthcare industries.
The increasing demand for smart films among the population owing to its superior advantages over curtains will enable speedy expansion of the market. The market in Asia Pacific is expected to hold a significant share during the forecast period owing to the flourishing consumer electronics industry. The rest of the world is expected to witness a high demand owing to the rapid industrialization and construction activities.
KEY INDUSTRY DEVELOPMENTS:
- May 2018: Smart Films International introduced a transparent smart film/glass, based on NCAP PDLC technology, with up to 1400mm (55”) width through technological innovation. The products include self-adhesive privacy film, self-tinting solar film, glass demo, and film samples.
- February 2019 – Gauzy Ltd. and Entities announced expansion through a second production facility in Germany that produces SPD-Smart light control film for the automotive and architectural industry applications. This will increase the production capacity of the company to 1 million square meters of SPD film per annum.
Switchable Smart Film Market Report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Key Questions Answered:
- Why Choose Fortune Business Insights?
- What are the key demands and trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the market growth?
Browse Detailed Summary of Research Report:
https://www.fortunebusinessinsights.com/switchable-smart-film-market-103643
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