Switchable Smart Film Market to Reach $9,026.9 Million by 2027; Rising Demand for Sustainable Infrastructure to Favor Market

The global switchable smart film market size is expected to reach USD 9,026.9 million by 2027. The growing consumer awareness about smart film can be a vital factor expected to enable speedy expansion 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 and is expected to exhibit a CAGR of 15.7% between 2020 to 2027.

Inauguration of Gauzy’s Second Production Facility to Drive Business

Research Frontiers Inc, a nanotechnology company and Israel-based material science company Gauzy Ltd announced the inauguration of Gauzy’s second production facility in Stuttgart, Germany to produce SPD-Smart light control film for the entire SPD-SmartGlass industry. The facility will cater to the demand for automotive and architectural applications. The new production facility is expected to be completed within the next six months. The company announced a special invitation-only event for industry professionals and key customers for the launch of the new production site. The facility can produce and SPD light-control film as wide as 1.8 meters. SPD-Smart light-control film patented by Research Frontiers is a key component in SPD-SmartGlass products. The film enables users to promptly control the shading of glass or plastic products. Smart glass technology is used in various cars, yachts, trains, commercial offices, and buildings.

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https://www.fortunebusinessinsights.com/switchable-smart-film-market-103643

Energy Conservation Capability of Smart Films to Facilitate Growth

The growing awareness about the capabilities of smart films will foster the healthy growth of the market. For instance, these innovative films can change the level of tint depending on the amount of solar radiation falling on it. The level of transparency offered in switchable films help in managing ambient and comfortable temperatures in the room. This factor will further boost its demand during the forecast period. The rising inclination towards green buildings will augur well for the market. likewise, the growing government initiatives for energy-efficient and green infrastructure will spur lucrative business opportunities for the market in the foreseeable future.

Focus on Product Innovation and Distribution Channels by Eminent Companies to Reinforce Industry

The rising emphasis on product innovation by major companies is expected to enable speedy expansion of the market. For instance, eminent players are developing switchable smart film with additional features to give competition to their rivals by establishing a front foot in the industry. Many companies are implementing strategies such as product launches, partnerships, collaborations, and acquisitions to strengthen their position in the market. Besides, companies such as Digifabshop, KLX Aerospace Solutions, Kubik, and McCANN are integrating PDLC technology in the products to gain a competitive edge.

The Report Lists the Main Companies in the Market for Switchable Smart Film:

• 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

Further Report Findings:

• Regional Analysis: The market in Asia Pacific is expected to experience a significant growth rate owing to the growing demand for switchable films from the consumer electronics industry. The escalating automotive is expected to further aid the growth of the market.


• Leading Segment: The suspended particle device (SPD) is expected to hold the largest share in the global market owing to its growing consumption in the automotive industry. SPD films block UV rays passing through them and provide ideal conditions to the eye.

The Market for Switchable Smart Film is Segmented into: