Impact of COVID-19 on the Smart Window Market
Smart windows are widely adopted in the automotive, healthcare, construction, and transportation sectors. The outbreak of the COVID-19 pandemic has significantly impacted many industries; however, smart windows are being increasingly adopted by hospitals as well as the public sector as they provide privacy by limiting the transmission of light and sound. The companies engaged in the manufacture of smart windows are offering considerable discounts and free shipping on the orders from the healthcare and public sectors. The COVID-19 pandemic has forced the need to improve public health measures and cleanliness in the current situation as well as over the forecast period. Smart glasses provide a hygienic alternative for blinds and curtains, as privacy blinds and curtains pose the risk of contamination. Drapes and blinds are frequently touched but are not cleaned regularly. According to the MRF analysis, viruses and drug-resistant bacteria can survive on curtains even after sanitization with disinfectants. Privacy curtains pose a threat to the patients and staff owing to their non-replacement.
The spread of COVID-19 has impacted the majority of the industries owing to the lockdown imposed by the governments of various countries, as well as due to the shutting down of all businesses except essential services. The decline in the adoption and demand for smart windows by industries such as construction, automotive, and transportation, among others owing to the COVID-19 outbreak, is negatively impacting the market growth. The ongoing pandemic crisis has disrupted the electronics value chains, raw material supply while causing an inflationary risk associated with the products. This disruption has forced businesses to focus on de-risking and evaluating the end-to-end value chains and has accelerated the adoption of the remote-working culture. The COVID-19 pandemic has mostly had a negative impact on most industries with very few positive effects if at all.
Smart Glass Market Revenue Worldwide from 2018 to 2025 (in USD Million)