Automotive Glass Market to Reach $30.6 Billion by 2027
The automotive glass market is projected to grow at a CAGR of 5.4%, from an estimated USD 23.6 billion in 2022 to USD 30.6 billion by 2027. Increasing global vehicle production, growing demand for cabin comfort, and government safety regulations for enhanced vehicle safety are expected to drive the automotive glass market. Growing sales of premium and luxury cars are projected to drive the demand for advanced glass technologies in the coming years. “Suspended Particle Device (SPD) is estimated as the leading automotive smart glass technology.” With the growing demand for luxury cars and SUVs, the demand for smart glass has grown significantly in the last couple of years. SPD offers various benefits, such as 99% protection from harmful UV radiation, controlling the cabin temperature, reducing the air conditioning unit’s consumption, and enhancing vehicle performance. Considering all these benefits, SPD technology dominates the automotive smart glass market. A major...