Global LED Glass Market: Overview
The LED (Light Emitting Diode) glass transforms ordinary glass surfaces into dynamic displays. LED glass can be used in any application wherein ordinary glass can be used. LED glass is more than 90% transparent. It is often used for turning building facades into art displays, billboards, and informational directories, including videos. Similarly, it can be employed inside office premises to display work-related information or create required ambience. Essentially, LED light sources i.e. bulbs are incorporated into laminated glass panels to create distinct images, logos, and patterns. These LED light sources are supplied with power by installing nearly invisible circuit boards inside the laminated glass. This helps avoid the use of any distracting wires.
LED glass can be customized as per the physical dimension of the existing glass and the purpose of display. LED glass is designed for displaying a single color or a range of colors. Generally, thickness of LED glass ranges from 6 mm to 12 mm. LED glass offers several advantages. These include ease of installation, low power consumption, ability to create personalized displays or ambience, easy availability of components and parts, limited requirement for maintenance, stability of the system, and guarantee on LED bulbs.
Global LED Glass Market: Drivers
A major factor driving the LED glass market is construction of buildings with glass exteriors. Buildings with glass exteriors can be easily turned into display boards. Such buildings can be seen on busy commercial streets. As these buildings can be viewed by a majority of people, their facades are in demand to be turned into displays. However, comparatively high prices of LED glass is a restraint for the LED glass market. It is a relatively difficult product to manufacture and hence, it has higher cost compared to other billboard and art display technologies. Moreover, the LED glass market is a relatively unique market and hence, prices of LED glass cannot be significantly decreased with the help of mass production.
Global LED Glass Market: Key Segments
The global LED glass market can be segmented based on type, application, and region. Based on type, the LED Glass market can be segmented into flat LED glass and curved LED glass. Flat glass is likely to be more commonly used type of LED glass. In terms of application, the market can be categorized into indoor, outdoor, billboard design, and others. In indoor applications, LED glass can be employed on partitions, stairs, access control doors, shelves, and interior display walls. In outdoor applications, LED glass can be used on building facades, store fronts, escalators and elevators, and lobby areas. Billboard designs are most commonly found on commercial streets of cities. Some of the other applications of LED glass include specialty illuminations and promotional displays and gifts. In terms of region, the global LED glass market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. LED glass is more commonly used in developed countries of North America and Europe. Its use can also be found in developed countries of Asia Pacific, Latin America, and Middle East & Africa. However, use of LED glass is highly limited in developing countries such as India, South Africa, and Argentina.
Global LED Glass Market: Key Players
Some of the companies operating in the global LED glass market are Polytronix Inc., SCHOTT AG, Stanley Glass, IQ Glass, G-Smatt Global, and Saint-Gobain.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.