Increase in Preference of Consumers towards Safety Expected to Drive World Automotive AG Glass Market over the Forecast Period: Ken Research
Anti-Glare (AG) Gla is a particular chemical treatment on the surface of glass, which gives a slightly roughened surface. Its surface is anti-corrosion and anti-scratch highly. It is used to lower the light reflectance from 8% to 1%, which provides more transparency visual space. It utilizes diffusive properties to fragment the reflected light on the surface. Diffusion works by reducing the consistency of reflected image, making these undesirable reflected images fuzzy or blurred to the eye. This decreases the reflected image’s intrusion of an intended image display, also known as constructive interference of light, which occurs at any location along the substrate where two interfering light waves have a displacement in the same direction.
According to study, “World Automotive AG Glass Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world automotive AG glass market are SCHOTT, Foshan Qingtong, Corning, Abrisa Technologies, Yuke Gla, JMT Gla, KISO MICRO, AGC, MG Auto Glass, Wacker Chemie AG, Sika AG, Intelligent Glass Control.
Rise in buyer’s preference for the encouraged OEMs for integrating the advanced solutions of vehicles, such as windshield HUDs, automatically adjusting mirrors and self-cleaning windows which avoids driver distraction. The need of safekeeping, along with the comfort, is expected to lead substantial expansion of global automotive intelligent glass market during the forecast period.
Based on type, automotive AG glass market is segmented into coating AG glass and etching AG glass. Based on vehicle type, market is segmented into passenger car, heavy commercial vehicle (HCV) and light commercial vehicle (LCV). In addition, based on application, market is segmented into dashboard and central display.
The automotive AG glass market is driven by increase in preference of consumers towards safety, luxury & comfort, followed by rise in disposable income, growth in automatic sector, increase in focus on research & development (R&D), change in lifestyle, and increase in innovation technologies. The Automotive AG market is coupled with the increase in demand of vehicles with the enhanced safe solutions that are anticipated to boost the demand. Furthermore, rapid development, enhanced road infrastructure, and supportive regulatory policies are fueling the demand for these vehicles, thereby, boosting the segment development. However, stringent government regulations and higher cost of glass may impact the market.
Sunroof is the major growing smart glass application in the automotive AG glass market. It provides more control to the user to accomplish natural light in the vehicle. Passenger Car is also one of the fastest growing automotive glass aftermarkets. Various factors such as stringent and regionally varying regulations, accident rates, technological advancements related to use of smart glass and in increase in need for privacy glass will influence the demand of automotive glass aftermarket. The rearview mirror in vehicles is also among the new application of device embedded glass in the passenger cars. It not only gives information to driver for parking the vehicle but also warns about obstacle approaching vehicle from behind. It is anticipated that the automotive AG glass market will be reached at US $47 million, by 2024, at a CAGR of 4.3%, during the forecast period.
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Ankur Gupta, Head Marketing & Communications