Connect with us

Technology

Window Films Market to Grow by USD 3.14 Billion from 2024-2028, Driven by Rising Auto Demand and AI’s Impact on Market Trends- Technavio Report

Published

on

NEW YORK, Oct. 14, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global window films market  size is estimated to grow by USD 3.14 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 5.4%  during the forecast period.  Increasing demand for automobiles is driving market growth, with a trend towards increasing demand for biodegradable window films. However, limitation on visible light transmission  poses a challenge. Key market players include 3M Co., ADS Window Films Ltd., Arlon Graphics LLC, Avery Dennison Corp., Compagnie de Saint-Gobain S.A., Eastman Chemical Co., Erickson International LLC, FILMTACK Pte. Ltd., Garware Hi Tech Films Ltd., Pet Films Inc., HEXIS SAS, Johnson Window Films Inc., Konica Minolta Inc., LINTEC Corp., Maxpro Window Films, MiraTint LLC, NEXFIL Co. Ltd., ORAFOL Europe GmbH, Rayno Window Film, and Toray Industries Inc..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Sun-control, Decorative, Safety and security, and Privacy), Application (Automotive, Residential, Commercial, Marine, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

3M Co., ADS Window Films Ltd., Arlon Graphics LLC, Avery Dennison Corp., Compagnie de Saint-Gobain S.A., Eastman Chemical Co., Erickson International LLC, FILMTACK Pte. Ltd., Garware Hi Tech Films Ltd., Global Pet Films Inc., HEXIS SAS, Johnson Window Films Inc., Konica Minolta Inc., LINTEC Corp., Maxpro Window Films, MiraTint LLC, NEXFIL Co. Ltd., ORAFOL Europe GmbH, Rayno Window Film, and Toray Industries Inc.

Key Market Trends Fueling Growth

The construction industry’s shift towards eco-friendly buildings, driven by concerns over climate change and human health, has fueled the demand for biodegradable window films. Strict regulations on materials used in construction and the phasing out of non-renewable resources have made biodegradable compostable, a polymer material used in making window films, an attractive alternative. Extracted from plant material, this non-toxic and non-irritating material decomposes naturally into carbon dioxide and water, minimizing environmental impact. European regulations limiting emissions from buildings are expected to further drive demand for green buildings and biodegradable window films. This trend, with its positive environmental footprint, is a significant growth driver for the global window films market. 

The Window Films Market is experiencing significant growth due to increasing trends in energy efficiency and environmental consciousness. Anti-glare and anti-graffiti films are popular choices for both residential and commercial spaces, providing comfort and reducing energy consumption. Automotive protective films, also known as automotive films or automotive protective window films, are in high demand for fuel-efficient passenger cars and electric vehicles (EVs), contributing to lower CO2 emissions and a smaller carbon footprint. Durability is a key factor in the market, with polymer materials like polyester being preferred for their longevity. Decorative films add aesthetic value to buildings, while safety & security films ensure protection against break-ins and vandalism. Regulations, such as those related to green building constructions and energy-efficient window films, are driving demand for energy-efficient solutions like insulating films and high VLT films. The market also caters to industrial applications, offering infrared rejection and heat loss solutions. Logistics and police attention films are other niche areas of the market. Bio-based window films and e-films are emerging trends, offering eco-friendly alternatives to traditional window films. Overall, the window films market is a dynamic and growing industry, catering to various sectors and applications. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

The use of tinted window films in the automobile industry has become prevalent, yet it poses challenges related to visibility. Tinted glass reduces the amount of visible light transmission (VLT), causing issues for drivers, particularly during nighttime. The International Window Film Association (IWFAA) highlights that the degree of tinting depends on the glass location in vehicles. While windshields require higher VLT levels for safe driving, front-side windows with less than 35% VLT can hinder driver visibility. This reduces the ability to spot other vehicles and see alongside at intersections, increasing the risk of accidents. The concern intensifies in shaded areas or daylight where oncoming headlights are absent, as VLT drops to 12% in many vehicles. This limitation on VLT may pose significant obstacles for the expansion of the global window films market during the forecast period.The Window Films Market faces several challenges in various sectors. In the automotive industry, the rise of electric vehicles (EV) and fuel-efficient passenger cars necessitates the development of energy-efficient window films for reducing energy consumption. In the industrial sector, regulations on energy efficiency and environmental impact push for the use of lightweight, energy-efficient, and insulating films. In food processing, temperature control through solar control and infrared rejection films is crucial. For green building constructions, high VLT, UV protection, and glare reduction films are essential for energy-efficient window systems. In the residential sector, privacy, safety & security, and solar control are key concerns. Logistics and police attention require tinted films for vehicle aesthetics and privacy. Raw materials, such as polyester and polymer, and regulations impact production costs. Heat loss in winter and solar heat gain in summer necessitate the use of insulating and solar control films. Ultimately, the market must balance energy efficiency, cost, and consumer preferences while addressing regulations and environmental concerns.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This window films market report extensively covers market segmentation by

Product 1.1 Sun-control1.2 Decorative1.3 Safety and security1.4 PrivacyApplication 2.1 Automotive2.2 Residential2.3 Commercial2.4 Marine2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Sun-control-  The Window Films Market has experienced consistent growth due to increasing demand for energy efficiency and solar control solutions. Businesses and homeowners seek to reduce energy costs and improve comfort levels, driving market expansion. Major players focus on product innovation and strategic partnerships to meet this demand. The market is expected to continue growing, offering significant opportunities for investors and manufacturers.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

Window films are a popular solution for enhancing energy efficiency in both residential and commercial buildings, as well as in vehicles. These films help reduce heat loss in the winter and solar heat gain in the summer, contributing to a more comfortable ambiance and lower energy consumption. Energy-efficient window films are made of polymer materials and can block up to 99% of harmful ultraviolet (UV) radiation, providing excellent UV protection. In the context of green building constructions, energy-efficient window films play a crucial role in reducing carbon dioxide emissions by minimizing the need for heating and cooling. The logistics of manufacturing, transporting, and installing window films should also be considered, as the carbon footprint of these processes can impact the overall environmental sustainability of the product. Solar control window films are another type of energy-efficient film that can significantly reduce solar radiation and heat gain, making them ideal for hot climates. Decorative films are also available, offering aesthetic benefits while maintaining energy efficiency. In the automotive industry, protective films are used to shield vehicles from solar radiation and UV rays, reducing interior heat buildup and protecting against fading and damage. The Auto Care Association advocates for the use of energy-efficient automotive protective films to reduce energy consumption and CO2 emissions. E-films and automotive protective films are essential components of energy-efficient buildings and green buildings, contributing to a more sustainable and eco-friendly construction industry.

Market Research Overview

The Window Films Market encompasses a range of films designed to enhance the functionality and aesthetics of windows in various applications. These films include Anti-glare and sun control films that reduce glare and solar heat gain, providing a comfortable ambiance and energy efficiency in both commercial and residential spaces. Decorative films add visual appeal, while safety & security films ensure protection against break-ins and accidents. Durability is a key factor, with films available in lightweight and materials like polyester and polymers. Eco-conscious options, such as Bio-based window films, help reduce carbon footprint and CO2 emissions. Automotive films and protective coatings, including Anti-graffiti and Privacy films, are essential for vehicle aesthetics and safety. Industrial applications include insulating films, UV protection, and infrared rejection for energy efficiency and temperature control. Regulations and environmental concerns continue to drive innovation in energy-efficient window films, solar control, and fuel-efficient passenger cars. Logistics and police attention are addressed through customized solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductSun-controlDecorativeSafety And SecurityPrivacyApplicationAutomotiveResidentialCommercialMarineOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/window-films-market-to-grow-by-usd-3-14-billion-from-2024-2028–driven-by-rising-auto-demand-and-ais-impact-on-market-trends–technavio-report-302275017.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

VOLTME Wins 2024-2025 Global Emerging Brand Shines at CES 2025

Published

on

By

LAS VEGAS, Jan. 14, 2025 /PRNewswire/ — VOLTME, the flagship brand of Voltnex Innovations and a global leader in power solutions, has been honored with the 2024-2025 Global Emerging Brand Award for its revolutionary products – the VOLTME Revo 240 PD3.1 GaN Desktop Charger and the Hako Series Portable Power Station – during the CES 2025. These prestigious accolades underscore VOLTME’s excellence in innovation, design, and technology and its growing influence in the global consumer electronics industry.

Innovation Driving Industry Leadership

As a trailblazer in advanced power solutions, VOLTME has earned widespread recognition for its cutting-edge products and global impact. Winning the Global Emerging Brand Award affirms VOLTME’s dedication to advancing consumer electronics. Its diverse portfolio, which spans from ultrathin power banks to high-powered GaN chargers, caters to the modern demand for convenience and efficiency in charging. VOLTME’s relentless innovation has firmly established it as a leader in power management solutions.

“We are deeply honored to receive the Global Emerging Brand Award during the CES 2025,” said Tommy Tse, COO of VOLTME. “This recognition reflects our unwavering commitment to delivering cutting-edge technology and exceptional user experiences.”

Breakthrough Innovations in Mobile Charging

VOLTME Revo 240 PD3.1 GaN Desktop Charger
Harnessing advanced Gallium Nitride (GaN) technology, the Revo 240 delivers up to 240W of power and supports PD3.1 and QC fast-charging protocols. Its compact design and superior energy efficiency make it ideal for safely and quickly powering laptops, tablets, and smartphones. A reliable choice for frequent travelers and high-demand users, the Revo 240 exemplifies robust and portable charging excellence.VOLTME Hako Series Portable Power Station
The Hako Series combines high-capacity battery performance with intelligent power management, offering multiple AC and USB ports to meet diverse power needs. Whether for outdoor adventures, travel, or emergencies, this portable power station supports simultaneous device charging while ensuring stability and efficiency. Designed for versatility, the Hako Series empowers modern consumers with dependable energy on the go.

Global Growth Through Innovation

VOLTME’s strategic global expansion has driven its success, with its innovative products now available in over 150 countries, serving more than 25 million households. By understanding consumer needs and introducing tailored solutions, VOLTME continues to lead the evolution of mobile power technologies.

The company has strengthened its international presence by establishing offices in key regions, including the United States, Russia, and Japan. As VOLTME scales its global operations, it remains steadfast in its mission to deliver high-quality, high- performance power solutions for diverse consumer needs.

Looking Ahead

Guided by its philosophy of “innovation-driven growth,” VOLTME is committed to advancing power technology and creating smarter, more efficient charging solutions for users worldwide. The company aims to redefine modern living with products that prioritize performance, reliability, and sustainability.

About Voltnex Innovations

Voltnex Innovations is a pioneering technology company specializing in cutting-edge consumer electronics and power solutions. The driving force behind the globally acclaimed VOLTME brand, Voltnex develops advanced charging devices, portable power stations, and innovative accessories designed to enhance modern lifestyles. With a focus on innovation, quality, and global partnerships, Voltnex Innovations delivers products that meet the evolving demands of consumers and businesses worldwide.

About Global Top Brands

The Global Top Brands Awards(GTB for short), established in 2006 by International Data Group (IDG), the GTB is a world-class selection event organized by Asia Digital Group and Europe Digital Group, supported by TWICE and International Data Corporation(IDC for short), an authoritative market research and analysis firm. This annual ceremony at CES highlights top global consumer electronics brands, promoting their prominence and fostering industry growth.

View original content to download multimedia:https://www.prnewswire.com/news-releases/voltme-wins-2024-2025-global-emerging-brand-shines-at-ces-2025-302351228.html

SOURCE VOLTME

Continue Reading

Technology

PR Newswire Connects Companies and Media with Strategic APAC Network Expansion in 2024

Published

on

By

Bolsters press release distribution capabilities, facilitates productive and insightful sharing between PR professionals and the media

77% increase in media pickups with newly launched APAC English Premium circuit25% increase in average media pickups in Greater ChinaStrategic content partnerships with major news agencies and news aggregators in South Korea, Japan, Hong Kong and Taiwan

HONG KONG, Jan. 15, 2025 /PRNewswire/ — PR Newswire expanded its extensive APAC network in 2024, onboarding 280 new content partners, bringing the total network to 2,300. These efforts further strengthen PR Newswire’s position as the most extensive and reliable press release distribution network in APAC, enabling businesses to communicate effectively across diverse markets.

“We are committed to delivering high-quality and highly relevant media coverage in target markets,” said Lynn Liu, VP, Audience Development and Distribution Services, APAC, at PR Newswire. “Our expanded network ensures broad distribution across key channels, while fostering productive relationships between communications teams and the media.”

Key Market Highlights: 

APAC English Markets: Launched APAC English Premium Circuit 77% increase in media pick-ups compared to standard APAC English circuit260 English-language outlets placements

Mainland China: Launched Xinhua Bizwire CircuitPress release distribution to China’s most influential news platforms, including Tencent, Sina Finance, and the Financial Times (Chinese Edition)1,300 industry-specific media outlets in finance, technology, healthcare, travel, retail, and B2B sectors210,000 new social media followers in 2024, bringing total to 2.8 million500 million impressions and views of PRN content across major Chinese platforms such as Weibo, WeChat, and Baidu

Hong Kong and Taiwan: Key additions to Greater China DistributionTop-tier news portals such as MSN Chinese, Yahoo Taiwan, and China Times, garnering a combined 814 million monthly visitorsAM730, Bastille Post, ULifestyle, Economic Daily News, Investing.com, Yahoo Hong Kong, and Line Today, which all host around three to 46 million visitors monthly25% increase in average media pick-ups, growing to 300 from 240

South Korea and Japan: New strategic partnerships across key networksExclusive partnerships with leading private South Korean news agencies such as Newsis, News1, and ZDNet Korea, which see around 3.8 to 19 million visitors monthlyAgreements with major Japanese news aggregators for distribution through leading mobile news apps such as Gunosy, Newspass, and AU Service Today, which attract 6 to 46 million visitors monthly

Bridging Business & Media  

To foster a deeper understanding of the media landscape, media tours were conducted in Hong Kong, Malaysia and mainland China. Such experiences are unique and highly valuable among PR Newswire’s clients and staff as they allow attendees to gain firsthand insights and processes in leading media outlets.

Aside from tours, media gatherings, seminars, and panel discussions were also held in mainland China, Hong Kong, Indonesia, Japan, Singapore, Taiwan, and Vietnam. These events facilitate productive and insightful sharing between PR professionals and the media.

Growing Connections with Journalists and Influencers

In 2024, PR Newswire welcomed over 7,000 new journalists and media newsrooms in APAC to their ecosystem. 

“Currently, over 82,000 journalists, bloggers, and influencers in the APAC region rely on PR Newswire press releases as a key source of news. In 2025, we aim to deepen our partnerships with mainstream and industry-leading media outlets. While driving quality content and traffic to media websites, we will also explore more mutually beneficial collaborations to deliver superior value,” said Lynn Liu.

With 16 offices across 9 markets in APAC and a dedicated team of over 250 experienced professionals, PR Newswire has cultivated a strong, unmatched media distribution network. Leveraging unique partnerships with official national news agencies and their networks, including Xinhua News Agency, Yonhap News Agency in Korea, Kyodo News in Japan, Australian Associated Press, Press Trust of India, Antara News in Indonesia, Bernama News in Malaysia, and Vietnam News Agency, ensures that PR Newswire’s distribution network continues to lead in delivering impactful results for their clients.

About PR Newswire

PR Newswire is the industry’s leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/pr-newswire-connects-companies-and-media-with-strategic-apac-network-expansion-in-2024-302351244.html

SOURCE PR Newswire

Continue Reading

Technology

Infosys and Tennis Australia Create New Generative AI Innovations at the Australian Open 2025

Published

on

By

Launch of ‘Beyond Tennis’: A new generative AI tennis league with AI players and data-driven tournaments

MELBOURNE, Australia, Jan. 14, 2025 /PRNewswire/ — Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, in partnership with Tennis Australia, has unveiled its latest suite of AI-driven features and platforms for Australian Open (AO) 2025, marking another milestone in the seven-year partnership between the two organizations. It further advances their joint vision of creating a more immersive experience of tennis through AI-driven technology innovations.

To know more about Infosys’ AI innovations at AO 2025, click here.

These innovations, powered by Infosys Topaz, an AI-first suite of offerings using generative AI technologies, will redefine fan engagement, empower players and coaches, and expand the boundaries of digital interactivity in tennis.

‘Beyond Tennis’ (World’s First Gen AI league in tennis): A unique breakthrough is ‘Beyond Tennis‘ powered by Infosys, the world’s first generative AI-powered tennis league. This fan-driven digital experience will provide year-round interactivity, allowing users to connect with virtual tennis players, train their teams, and compete in AI-generated tournaments. Fans will interact with 16 AI-crafted virtual players spread across eight teams. Envisioned as “The Slam That Never Stops,” the league will enhance the sport’s affinity among younger Gen Z audiences while ensuring their safety in digital environments, enabled by responsible AI framework.Agentic AI to drive fan engagement with AI Commentary: Australian Open 2025 will feature AI Commentary in the Infosys Match Centre on AO digital properties, on the website and the app. Using out of the box large language models AI Commentary will provide byte-sized insights at every match moment.VR AI Stadium: The Infosys Fan Zone at Melbourne Park steps into the future, introducing a new VR AI Stadium where fans can create stunning virtual courts. Using a new generative AI speech-to-image feature, fans can step onto a galaxy- or nature-inspired court, or even a 1970s themed court, and play a game of tennis.

Infosys is helping the Australian Open with AI, video analytics, and machine learning tools. Using AI Videos, players and coaches continue to get access to post-match reviews and pre-game advance video analysis. The AI Shot of the Day feature helps AO’s media team meet growing digital content demands, enabling rapid creation and sharing of social media-ready clips to feature captivating moments on court.

The Infosys Fan Zone at Melbourne Park remains climate active, with its carbon footprint fully offset and structures fully recyclable. Infosys and Tennis Australia are also advancing the Future Leaders Program powered by Infosys Springboard, the company’s digital learning and collaboration platform for the community, that provides participants with the opportunity to learn transferrable skills in areas such as inclusion, leadership, technology, and design thinking. The participants will also get a glimpse of a generative AI future by visiting the Infosys Fan Zone at Melbourne Park.

Andrew Groth, Executive Vice President – Asia Pacific, Infosys, said, “Each year at the Australian Open, we have pushed the boundaries of technology to fuel fan engagement and player performance. Infosys is proud to bring the latest generative AI innovations to court, from the fan-driven Beyond Tennis league to AI-amplified VR experiences, leveraging our industry leading AI-suite of offerings Infosys Topaz. Through this collaboration with Tennis Australia, we are enabling truly innovative platforms for fans, players, coaches, and media to engage with the sport.” 

Craig Tiley, CEO of Tennis Australia, and Australian Open Tournament Director, said, “For the past seven years, Infosys has helped Tennis Australia to raise the bar and serve up new experiences for fans using digital technologies. We’re excited to see the leaps being made with AI at AO 2025. AI is enabling new dimensions of interactivity for fans and insight for players, not to mention the speed and scale it brings to our content delivery. It’s an exciting leap forward that showcases how technology and AI is transforming tennis.”

Follow all the action from the tournament on AusOpen.com and discover more about the partnership at Infosys.com/AusOpen.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

Logo: https://mma.prnewswire.com/media/633365/4364085/Infosys_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/infosys-and-tennis-australia-create-new-generative-ai-innovations-at-the-australian-open-2025-302351252.html

SOURCE Infosys

Continue Reading

Trending