The report presents an in-depth assessment of the North America Automotive Glass Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for North America Automotive Glass investments from 2021 till 2025.
North America Automotive Glass market is growing at a CAGR of 6% during the forecast period (2021-2025).
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The North America Automotive Glass market is highly competitive and consists of a number of major players. Top Companies like AGC Inc., Saint Gobain, Fuyao Group, Gentex Corporation, Vitro, S.A.B de C.V., Samvardhana Motherson, Xinyi Glass Holdings Limited, Webasto SE, Magna International, Central Glass Co., Ltd.
Industry News And Developments:
– In 2019, Gauzy an Israel based material science company, along with New York’s Research Frontiers announced opened a second production facility in Germany for manufacturing SPD-Smart light control film for automotive applications.
– In January 2020, BMW in CES 2020 introduced intelligent glass control in iNextits electric SUV, which is a reflective type of glass that can be activated both manually and automatically. Through various sensors, glass can pick up any specific position of the sun, through which only certain areas of the window will be adjusted to keep excessive heat and light away.
– In 2019, Continental announces the launch of intelligent glass control, through this technology the glass section can be dimmed at night or tinted in the daytime. Along with that windows behind the B-pillar can also be tinted for privacy in the rear seats on demand.
Scope of the Report
– Smart glasses are the latest advancements in the automotive glass market where drivers can adjust the amount of light entering the car. Smart glass runs on suspended particle devices which is a light-control technology for its property of light-blocking. The scientific process behind the smart glass is nanoparticles first absorb the light suspended in a polymeric system which is then distributed throughout a film on the glass.
Key Market Trends
The Electric vehicles will provide the boost in the Market
Industry players are taking different approaches to the implementation of the latest technologies. Vehicle manufacturers are launching new models with the smart glass, and the number of display units. Also, major automakers are introducing the latest automotive glass and related technologies in their vehicle models.
For instance, in 2019, Tesla launched its futuristic electric pick-up truck named Cybertruck, which will hit the roads in 2021. The most interesting and talked about feature of this vehicle is its armored glass, which was smashed after being hit with a large steel ball bearing during launch.
The Windshield is projected to hold the major share in the Market
In 2018, Apple which is not the glass manufacturer has invested in the futuristic augmented reality windshield system. Along with that, it is also working with Volkswagen on autonomous vehicle technology.
In 2019, Vitro has announced an investment of USD 60 million in new technologies. This investment will strengthen the company’s market position in automotive glass in North America. The company supplies automotive glass to original equipment manufacturers and aftermarket customers also.
Similarly, in 2018, AGC Automotive launches first neutral glass named Pure Grey. This new technology provides excellent color rendering, different from green-tinted glass which affects the perception of colors from inside and outside of the vehicle.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: North America Automotive Glass Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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