Market Overview:
The global electrochromic materials and devices market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electrochromic materials and devices in automotive applications, such as auto-dimming rear-view mirrors (ADRVM) and electrochromic smart windows (ESW), among others. Additionally, the growing demand for energy-efficient buildings is also contributing to the growth of the market. However, high installation costs may restrain the growth of this market during the forecast period. On basis of type, electrochromic materials accounted for a larger share of the global electrochromic materials and devices market in 2017. This segment is expected to grow at a CAGR of 11% from 2018 to 2030 owing to its growing demand in various applications such as ADRVM, ESW, architectural glass facades, and others. On basis of application, automotive accounted for a major share ofthe global Electro chromatic Materials And Devices Market In 2017 And Is Expected To Grow At A Cagr Of 10% From 2018 To 2030 Due To Increasing Demand For Energy Efficient Vehicles Globally .
Product Definition:
Electrochromic materials and devices are materials and devices that change their optical properties in response to an electric current. This can be used to control the amount of light passing through them, which can be useful for things like sunglasses or windows.
Electrochromic Materials:
Electrochromic materials are capable of changing color when an electric current is applied. The most common electrochromic devices include windows, mirrors, and smartphones.
The global Electrochromic Materials market size was valued at USD 4.5 billion in 2016.
Electrochromic Devices:
Electrochromic devices are used to alter the color of an electric component in response to the applied voltage. They can be used for various applications such as windows, displays, and televisions. The technology is still evolving; however, it has found its application in numerous products that include smartphones and laptops among others.
Application Insights:
The automotive electrochromic mirror is anticipated to be the fastest-growing application segment over the forecast period. The growing usage of mirrors in automobiles to provide an aesthetic appeal and improve visibility are likely to drive its demand. Moreover, increasing production of electric vehicles is expected to further fuel market growth over the coming years.
Automotive auto-dimming rear-view mirror is projected to be one of the prominent applications in North America region owing to rising demand for advanced safety features and functionalities by automobile manufacturers. For instance, Mercedes Benz has incorporated an electrochromic mirror into its latest vehicle range - Smart Clothes Wiper System that automatically dims when it detects raindrops, thereby providing drivers with a better view ahead without having them adjust their gaze away from the road or have their attention diverted towards controlling wiper functions manually during wet weather conditions (Ref: Automotive World).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D activities and technological advancements in this region. Europe accounted for a significant share of revenue due to rising product demand from major application sectors, such as automotive, building & construction, electronics & IT, and others.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to increasing disposable income levels coupled with growing consumer awareness regarding advanced electrochromic products with enhanced performance characteristics such as high tinting ability and low reflectance at specific angles of light incidence thus making it suitable for various applications including sunglasses, mobile phone display screensavers etc.
Growth Factors:
- Increasing demand for energy-efficient and environment-friendly products
- Growing awareness about the benefits of electrochromic materials and devices
- Rising demand from automotive industry
- Emerging applications in smart buildings and construction industry
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrochromic Materials and Devices Market Research Report
By Type
Electrochromic Materials, Electrochromic Devices
By Application
Automotive Auto-dimming Rear-view Mirror, Electrochromic Smart Window, Others
By Companies
Gentex Corporation, SAGE Electrochromics, View, Zhuzhou Kibing Group, Ningbo Miro Electronic Technology, Zhuhai Kaivo Optoelectronic Technology, Changzhou Yapu Smart Variable Color Optics, ...
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Electrochromic Materials and Devices Market Report Segments:
The global Electrochromic Materials and Devices market is segmented on the basis of:
Types
Electrochromic Materials, Electrochromic Devices
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive Auto-dimming Rear-view Mirror, Electrochromic Smart Window, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gentex Corporation
- SAGE Electrochromics
- View
- Zhuzhou Kibing Group
- Ningbo Miro Electronic Technology
- Zhuhai Kaivo Optoelectronic Technology
- Changzhou Yapu Smart Variable Color Optics
- ...
Highlights of The Electrochromic Materials and Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electrochromic Materials
- Electrochromic Devices
- By Application:
- Automotive Auto-dimming Rear-view Mirror
- Electrochromic Smart Window
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrochromic Materials and Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electrochromic materials and devices are materials that can change color based on an electric current. This allows them to be used in displays, windows, and other devices.
Some of the major players in the electrochromic materials and devices market are Gentex Corporation, SAGE Electrochromics, View, Zhuzhou Kibing Group, Ningbo Miro Electronic Technology, Zhuhai Kaivo Optoelectronic Technology, Changzhou Yapu Smart Variable Color Optics.
The electrochromic materials and devices market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electrochromic Materials and Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electrochromic Materials and Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electrochromic Materials and Devices Market - Supply Chain
4.5. Global Electrochromic Materials and Devices Market Forecast
4.5.1. Electrochromic Materials and Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electrochromic Materials and Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electrochromic Materials and Devices Market Absolute $ Opportunity
5. Global Electrochromic Materials and Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electrochromic Materials and Devices Market Size and Volume Forecast by Type
5.3.1. Electrochromic Materials
5.3.2. Electrochromic Devices
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electrochromic Materials and Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electrochromic Materials and Devices Market Size and Volume Forecast by Application
6.3.1. Automotive Auto-dimming Rear-view Mirror
6.3.2. Electrochromic Smart Window
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electrochromic Materials and Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electrochromic Materials and Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electrochromic Materials and Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electrochromic Materials and Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electrochromic Materials and Devices Demand Share Forecast, 2019-2029
9. North America Electrochromic Materials and Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electrochromic Materials and Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electrochromic Materials and Devices Market Size and Volume Forecast by Application
9.4.1. Automotive Auto-dimming Rear-view Mirror
9.4.2. Electrochromic Smart Window
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electrochromic Materials and Devices Market Size and Volume Forecast by Type
9.7.1. Electrochromic Materials
9.7.2. Electrochromic Devices
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electrochromic Materials and Devices Demand Share Forecast, 2019-2029
10. Latin America Electrochromic Materials and Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electrochromic Materials and Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electrochromic Materials and Devices Market Size and Volume Forecast by Application
10.4.1. Automotive Auto-dimming Rear-view Mirror
10.4.2. Electrochromic Smart Window
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electrochromic Materials and Devices Market Size and Volume Forecast by Type
10.7.1. Electrochromic Materials
10.7.2. Electrochromic Devices
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electrochromic Materials and Devices Demand Share Forecast, 2019-2029
11. Europe Electrochromic Materials and Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electrochromic Materials and Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electrochromic Materials and Devices Market Size and Volume Forecast by Application
11.4.1. Automotive Auto-dimming Rear-view Mirror
11.4.2. Electrochromic Smart Window
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electrochromic Materials and Devices Market Size and Volume Forecast by Type
11.7.1. Electrochromic Materials
11.7.2. Electrochromic Devices
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electrochromic Materials and Devices Demand Share, 2019-2029
12. Asia Pacific Electrochromic Materials and Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electrochromic Materials and Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electrochromic Materials and Devices Market Size and Volume Forecast by Application
12.4.1. Automotive Auto-dimming Rear-view Mirror
12.4.2. Electrochromic Smart Window
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electrochromic Materials and Devices Market Size and Volume Forecast by Type
12.7.1. Electrochromic Materials
12.7.2. Electrochromic Devices
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electrochromic Materials and Devices Demand Share, 2019-2029
13. Middle East & Africa Electrochromic Materials and Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electrochromic Materials and Devices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electrochromic Materials and Devices Market Size and Volume Forecast by Application
13.4.1. Automotive Auto-dimming Rear-view Mirror
13.4.2. Electrochromic Smart Window
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electrochromic Materials and Devices Market Size and Volume Forecast by Type
13.7.1. Electrochromic Materials
13.7.2. Electrochromic Devices
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electrochromic Materials and Devices Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Electrochromic Materials and Devices Market: Market Share Analysis
14.2. Electrochromic Materials and Devices Distributors and Customers
14.3. Electrochromic Materials and Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Gentex Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SAGE Electrochromics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. View
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Zhuzhou Kibing Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ningbo Miro Electronic Technology
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Zhuhai Kaivo Optoelectronic Technology
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Changzhou Yapu Smart Variable Color Optics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ...
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
