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Switchable Smart Film Market By Type (Smart film for lamination, Self-Adhesive smart film) By Technology (Polymer-dispersed liquid crystal, Suspended particle device, Electrochromic, Thermochromic, Photochromic) By Application (Architecture, Automotive & Transportation, Consumer Electronics, Power generation, Others) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The switchable smart film market report explores the critical analysis of the industry using key parameters. The report consists of investment strategies, the need for investments in the Switchable Smart Film market industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the switchable smart film market industry, as well as how economic and non-economic barriers are helping the switchable smart film market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.

Key Highlights of the report

How are the major segments performing in the Switchable Smart Film Market?

  • In 2021, the smart film for lamination segment dominated the market due to its strong demand for use in smart glass goods. The growing demand for smart windows in the building and construction industries would increase the demand for the smart film for lamination.
  • In 2021, the suspended particle device will be the leading technology segment. It dominates the market due to the increasing consumption of the automotive industry.
  • In 2021, the Automotive & Transportation segment led the application. It dominates the market due to the increased use of smart film in panoramic windows and sunroofs to reduce solar heat gain.

Which Region dominated the Switchable Smart Film Market?

North America captured the highest market share in the global switchable smart film market in 2021. In North America, the switchable smart film market is growing due to increasing demand from the transportation sector, such as electric cars, which require high transparency while switching from tinted mode during night-time driving conditions or reducing solar heat gain inside vehicle cabins when needed during hot weather conditions by using self-adhesive smart films provided with them embedded into it. Furthermore, modern technological advancements in countries such as the United States give this sector a growth opportunity.

What is the competitive environment of the Switchable Smart Film Market?

The competitive landscape of the switchable smart film industry includes the total economic profit of suppliers and companies, sales and revenue generated in this sector, global switchable smart film market share, an overview of business organization, new product introduction, and provide information about opportunities in the switchable smart film market. For instance, in June 2019, Israel-based material science company Gauzy Ltd. And Research Frontiers Inc. announced that Gauzy's started the second production facility in Stuttgart, Germany, to produce SPD-Smart light control film for the whole SPD-SmartGlass industry and that Gauzy and a group of existing investors have made an additional equity investment of USD 4.6 million in Research Frontiers.

Executive Summary

What are all the technical developments in the Switchable Smart Film Market?

The technological development of switchable smart films in self-adhesive PDLC (Polymer-Dispersed Liquid Crystal) film, switchable privacy glass, and photochromic self-tinting windows technology. The expansion of the global switchable smart film market is driven by increasing demand for intelligent systems that improve productivity and efficiency. For instance, in September 2020, Smart Glass Technologies, a renowned technology company, announced the official launch of its new generation ultra-transparent smart film, the Ultra PriWatt smart film. The Ultra PriWatt smart film is based on PDLC film technology.

Which are the key investments by the players in the Switchable Smart Film Market?

The adoption of switchable smart films is increasing globally due to its many advantages. Also, key market players are spending heavily on research & development and product launches.

Some of the market players in the market are Smart Glass Group,      Smart Films International, Polytronix Inc., Glass Apps, Scienstry, Inc., Pro Display, Rayno Window Film, SmartFilm, DMDisplay, Smart Tint, Inc., SONTE USA, Smart Film Inc., Hitachi Chemical Co., Ltd., Gauzy Ltd and Entities.

What are the Major Driving Factors for the Switchable Smart Film Market?

The increasing adoption of switchable smart films in the construction industry is a major factor driving market growth during the forecast period. The high utilization of smart films to shield UV rays and solar radiation in buildings is expected to propel the market's demand further. The inclination for maintaining ambient temperatures in closed infrastructures offers lucrative opportunities for the market players. Furthermore, the increasing acceptance of films in the automotive industry is owing to its abilities to diminish sun glares. The rising demand for sunroof and windscreen-equipped cars will further bolster the market's healthy growth. These factors are expected to enhance the growth of the switchable smart film market.

What are the Major Risks for the Switchable Smart Film Market?

The high cost associated with smart films hampers the switchable smart film market growth. The high cost associated with the production process is hampering the market growth. Smart films' costly nature has limited their use in various high-end applications. Furthermore, limited awareness among consumers regarding the advantage of smart films will further limit the market's growth. Additionally, the strict government regulations and compliance across the countries are anticipated to hamper the switchable smart film market growth during the forecast period.

switchable-smart-film-market

Which is the key Application in the Market Switchable Smart Film Market?

The Application segment is categorized into Architecture, Automotive & Transportation, consumer electronics, power generation and others. The Automotive & transportation segment in Application mode led the market. It dominates the market due to the increased use of smart film in panoramic windows and sunroofs to reduce solar heat gain. Smart films also help provide privacy to the conference room and create partitions. Rapid urbanization and increasing population with increasing GDP in developed countries such as the U.S and others are also expected to enhance the demand for switchable smart film. 

How is the Switchable Smart Film Market performing in regions?

North America captured the highest market share in the switchable smart film market in 2021. In North America, the switchable smart film market is growing due to increasing demand from the transportation sector, such as electric cars, which require high transparency while switching from tinted mode during night-time driving conditions or reducing solar heat gain inside vehicle cabins when needed during hot weather conditions by using self-adhesive smart films provided with them embedded into it. Furthermore, modern technological advancements in countries such as the United States give this sector a growth opportunity.

Furthermore, the increasing demand for smart films from consumer electronics industries in the Asia Pacific region is expected to support market growth during the forecast period. Moreover, rapid industrialization and construction activities are expected to increase market growth.

What is the regulatory landscape for the Switchable Smart Film Market?

The regulatory landscape of the switchable smart film market is such that governments in many regions are considering a more stringent regulatory approach. There are several federal safety and regulatory codes due to the nature of their fabrication, such as Consumer Product Safety Commission Standard – 16 CFR Part 1201, C1036-91 Standard Specification for Flat Glass, ASTM C-1048-04 Standard Specification for Heat-Treated Flat Glass Products, ASTM C-1172-09 Standard Specification for Laminated Glass Products, and others.

What is the Market Size of the Switchable Smart Film regarding value?

The switchable smart film market is anticipated to grow at a substantial CAGR of 15.40% in the upcoming years. The switchable smart film market industry was estimated to be worth USD 3.4 billion in 2021 and was expected to be worth USD 8.02 billion by 2028.

What are the major players planning for the future of the Switchable Smart Film Market?

Major switchable smart film market players are investing heavily in cutting-edge technologies, including tinted films, under government standards. Moreover, big market players will invest heavily in start-ups and medium-sized companies to provide effective solutions for the industry. There are high expectations for large companies to acquire or merge with medium-sized and small-sized companies to gain a competitive advantage.

Segmentation of Switchable Smart Film Market-

Switchable Smart Film Market– By Type

  • Smart film for lamination
  • Self-Adhesive smart film

 Switchable Smart Film Market– By Technology

  • Polymer-dispersed liquid crystal
  • Suspended particle device
  • Electrochromic
  • Thermochromic
  • Photochromic

Switchable Smart Film Market– By Application

  • Architecture
  • Automotive & Transportation
  • Consumer Electronics
  • Power generation
  • Others

Switchable Smart Film Market– By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently Asked Questions (FAQs):

The increasing adoption of switchable smart films in the construction industry is a major factor driving market growth during the forecast period. The high utilization of smart films to shield UV rays and solar radiation in buildings is expected to propel the market's demand further. The inclination for maintaining ambient temperatures in closed infrastructures offers lucrative opportunities for the market players. Furthermore, the increasing acceptance of films in the automotive industry is owi

The global switchable smart film market is anticipated to grow at a substantial CAGR of 15.40% in the upcoming years. The global Switchable smart film market was estimated to be worth USD 3.4 billion in 2021 and was expected to be worth USD 8.02 billion by 2028.

North America captured the highest market share in the Switchable Smart Film market in 2021. In North America, the switchable smart film market is growing due to increasing demand from the transportation sector, such as electric cars, which require high transparency while switching from tinted mode during night-time driving conditions or reducing solar heat gain inside vehicle cabins when needed during hot weather conditions by using self-adhesive smart films provided with them embedded into it.

Some of the major players in the market are Smart Glass Group, Smart Films International, Polytronix Inc., Glass Apps, Scienstry, Inc., Pro Display, Rayno Window Film, SmartFilm, DMDisplay, Smart Tint, Inc., SONTE USA, Smart Film Inc., Hitachi Chemical Co., Ltd., Gauzy Ltd and Entities.

In 2021, the smart film for lamination segment will dominate the market due to its high demand for use in smart glass products. The rising demand for start windows from the building and construction industry will increase the consumption of smart film for lamination.

Switchable Smart Film Market Scope

Report Attribute Details
Market Value in 2021 USD 3.4 billion
Market Value in 2028 USD 8.02 billion
CAGR 15.40%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Trusted By
Godaddy
Published Date:  Nov 2022
Category:  Semiconductor & Electronics
Report ID:   60780
Report Format:   PDF
Pages:   130
Rating:    4.6 (60)
Delivery Time: 24 Hours to 48 Hours   
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