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.