Increasing Demand for Smart Windshields in Luxury Car Segment drives Smart Surfaces Market
Smart surfaces are the surfaces which are covered with nano-sized structures. On the nano scale the smart surfaces have only one dimension. These are gaining popularity due to their unique applications. The smart surfaces find application across construction, energy, transportation, medical and healthcare, electronics and military and security among others. In 2014, the global market for smart surfaces was worth US$0.4 bn and is anticipated to reach a value of US$20.5 bn by the end of 2021. The market is projected to exhibit an exponential 66.40% CAGR between 2015 and 2021.
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Transportation is one of the major application sectors for smart surfaces globally and is expected to remain the market leader throughout the forecast period. The application of smart surfaces across transportation sector is expected to reach USD 6,439.8 million by 2021. Increasing demand for smart windshields in the luxury car segment is one of the major factors driving the smart surfaces market in transportation sector.
The application of smart surfaces in the electronics sector is also expected to increase rapidly in the forecast period. The smart surfaces market in electronics sector is expected to grow at a CAGR of 72.6% from 2015 to 2021. Increasing demand for scratchproof surfaces is one of the major factors fueling the demand for smart surfaces in electronics sector.
Self-cleaning materials segment held the largest market share in smart surfaces market and is expected to remain the market leader throughout the forecast period. The self cleaning materials segment was valued at USD 246.0 million in 2014. Construction and transportation are some of the major application segments for self-cleaning materials. However, self-assembling materials segment is expected to be fastest growing segment growing at a CAGR of 68.3% from 2015 to 2021.
North America is the largest market for smart surfaces globally. However, Asia Pacific is expected to be the largest market for smart surfaces by 2021. Presence of large number of automobile manufacturing utilities and upcoming business utilities are some of the major factors boosting the demand for smart surfaces in the Asia Pacific. The smart surfaces market in Asia Pacific is expected to grow at a CAGR of 74.5% from 2015 to 2021.
Brochure containing Technical Information Regarding Smart Surfaces at:
There are large numbers of players operating in the smart surfaces market globally. However, the market is not dominated by any single major player as all the companies operate in different verticals. Moreover, being a new technology, large numbers of new entrants are entering this market with prime focus on research and development. Some of the key players operating in smart surfaces market are: 3M Company, HzO, Inc., SLIPS Technology, Nanotrons Corporation, P2i Ltd., Debiotech S.A., Clariant, The Dow Chemical Company, nanoShell Ltd. and Gentex Corporation.