封面
市场调查报告书
商品编码
1489443

2030 年智慧玻璃市场预测:按技术、机制、控制系统、最终用户和地区进行的全球分析

Smart Glass Market Forecasts to 2030 - Global Analysis By Technology (Electrochromic, Suspended Particle Display, Liquid Crystal, Photochromic, Thermochromic, Micro-blinds and Other Technologies), Mechanism, Control System, End User and by Geography

出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3个工作天内

价格

根据Stratistics MRC预测,2023年全球智慧玻璃市场价值将达到55.8亿美元,预计2030年将达到121.7亿美元,预测期内复合年增长率为11.8%。

智慧玻璃,有时被称为可切换玻璃或隐私玻璃,是我们这个时代的技术和建筑奇蹟。与传统玻璃相比,智慧玻璃可以根据温度、光线和电压的变化而改变其不透明度或透明度。其新颖的功能使其可以从透明变为半透明再到不透明,让您可以控制透光和隐私。

建立节能解决方案的需求

建筑设计中对永续性和能源效率的日益关注正在增加建筑中对智慧玻璃的需求。透过控制进入建筑物的热量和光量,智慧玻璃减少了对人工照明、加热和冷却的需求,有助于降低能源消费量。减少碳排放可以降低能源成本,同时促进环境保护。此外,由于更严格的建筑法规和认证促进了全球节能建筑方法,预计住宅和商业建筑中智慧玻璃解决方案的使用将会增加。

初始成本高,投资回收期长

智慧玻璃的初始成本高于传统玻璃替代品,这是普及的主要障碍之一。高价格分布、复杂的製造程序和最尖端科技使智慧玻璃成为开发人员和业主的昂贵投资。此外,儘管智慧玻璃具有长期效益和节能效果,但较长的初始投资回收期可能会阻止一些潜在客户采用该技术。

开拓新兴市场

新兴市场和地区的都市化、基础设施开发和建设活动不断加快,推动了对智慧玻璃等尖端建筑技术的需求。对于智慧玻璃製造商来说,从建筑热潮和不断变化的建筑趋势中受益的一个巨大机会是提高对亚太、拉丁美洲和中东等地区的市场渗透率。此外,透过建立本地合作伙伴关係、分销管道和市场占有率,製造商可以满足智慧玻璃解决方案不断增长的需求,并刺激新兴市场的收益成长。

与传统玻璃替代品的竞争

传统玻璃产品,如双层玻璃窗和低辐射(Low-E) 玻璃,由于其熟悉性和经济性,仍广泛应用于建筑和汽车应用。这些传统玻璃替代品提供与智慧玻璃技术相同的基本功能,但没有复杂性和成本。此外,拥有传统解决方案的玻璃产业老字型大小企业正在智慧玻璃市场展开竞争。

COVID-19 的影响:

COVID-19的疫情造成了供应链中断、计划延误和需求波动,所有这些都对智慧玻璃市场产生了重大影响。疫情引发的景气衰退导致建设活动减少、建筑计划延迟以及消费者支出下降,特别是在商业房地产、酒店和汽车等行业。此外,供应链中断,包括工厂关闭、物流困难以及零件和原材料短缺,对生产业务和产品供应产生了不利影响。

预计行动细分市场在预测期内将是最大的

行动领域在智慧玻璃市场中占有最大份额。智慧型手机应用程式允许基于行动的智慧型玻璃解决方案的用户轻鬆远端控制和自订玻璃透明度、色调和其他属性。此外,连网物联网(IoT)设备的日益普及和智慧型手机的广泛使用正在导致该市场的成长。只需轻按行动装置上的按钮,基于行动的智慧玻璃解决方案的用户就可以优化自然光、增强隐私、提高能源效率以及各种住宅、商业和汽车应用中的功能。

预计交通运输业在预测期内复合年增长率最高

在智慧玻璃市场中,交通运输领域的复合年增长率最高。这一成长的关键驱动力是汽车应用中对先进嵌装玻璃解决方案的需求不断增长,旨在提高车辆安全性、能源效率和美观性。汽车越来越多地配备智慧玻璃技术,提供抬头显示器、可切换隐私玻璃和可调光天窗等功能,提高驾驶者的舒适度和整体驾驶体验。此外,由于严格的法规要求车辆配备节能和安全的技术,汽车製造商越来越多地采用智慧玻璃解决方案。

占比最大的地区:

智慧玻璃市场以北美为主。这种市场主导地位归因于领先企业的存在、技术进步以及促进智慧玻璃解决方案在不同领域整合的强大基础设施等因素。该地区对永续性的关注以及有关能源使用和绿色建筑计划的严格法律增加了住宅和商业建筑计划对智慧玻璃的需求。此外,智慧玻璃市场深受北美汽车产业的影响,该产业越来越多地将尖端嵌装玻璃技术融入车辆中,以提高舒适性、安全性和美观性。

复合年增长率最高的地区:

在智慧玻璃市场中,亚太地区的复合年增长率最高。中国、日本和印度等国家的快速都市化、基础设施发展以及对智慧建筑技术投资的增加是这一增长的关键驱动力。该地区快速成长的建设产业以及政府为促进永续建筑实践和节能解决方案所做的努力推动了商业和住宅建筑计划中智慧玻璃的采用。此外,可支配收入的增加、消费者偏好的变化以及智慧技术意识的提高正在推动汽车(尤其是豪华汽车)对智慧玻璃的需求。

免费客製化服务

订阅此报告的客户可以存取以下免费自订选项之一:

  • 公司简介
    • 其他市场参与者的综合分析(最多 3 家公司)
    • 主要企业SWOT分析(最多3家企业)
  • 区域分割
    • 根据客户兴趣对主要国家的市场估计、预测和复合年增长率(註:基于可行性检查)
  • 竞争基准化分析
    • 根据产品系列、地理分布和策略联盟对主要企业基准化分析

目录

第一章执行摘要

第二章 前言

  • 概述
  • 相关利益者
  • 调查范围
  • 调查方法
    • 资料探勘
    • 资料分析
    • 资料检验
    • 研究途径
  • 研究资讯来源
    • 主要研究资讯来源
    • 二次研究资讯来源
    • 先决条件

第三章市场趋势分析

  • 促进因素
  • 抑制因素
  • 机会
  • 威胁
  • 技术分析
  • 最终用户分析
  • 新兴市场
  • COVID-19 的影响

第4章波特五力分析

  • 供应商的议价能力
  • 买方议价能力
  • 替代品的威胁
  • 新进入者的威胁
  • 竞争公司之间的敌对关係

第五章全球智慧玻璃市场:依技术分类

  • 电致变色
  • 悬浮颗粒显示 (SPD)
  • 液晶(LC)
    • 聚合物分散液晶 (PDLC)
    • 扭曲向列(TN)液晶
  • 光致变色的
  • 感温变色
  • 微型百叶窗
  • 其他技术

第六章全球智慧玻璃市场:依机制划分

  • 积极的
  • 被动的

第七章全球智慧玻璃市场:依控制系统分类

  • 手动的
  • 偏僻的
  • 移动基地
  • 基于语音
  • 其他控制系统

第八章全球智慧玻璃市场:依最终用户分类

  • 建筑学
    • 住宅
    • 商业的
  • 运输
    • 航太
  • 发电厂
  • 家用电器
  • 其他最终用户

第九章全球智慧玻璃市场:按地区

  • 北美洲
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 义大利
    • 法国
    • 西班牙
    • 其他欧洲国家
  • 亚太地区
    • 日本
    • 中国
    • 印度
    • 澳洲
    • 纽西兰
    • 韩国
    • 其他亚太地区
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地区
  • 中东/非洲
    • 沙乌地阿拉伯
    • 阿拉伯聯合大公国
    • 卡达
    • 南非
    • 其他中东/非洲

第10章 主要进展

  • 合约、伙伴关係、协作和合资企业
  • 收购和合併
  • 新产品发布
  • 业务扩展
  • 其他关键策略

第十一章 公司概况

  • DuPont
  • Asahi Glass Co., Ltd.
  • Gauzy Ltd.
  • Hitachi Chemical Co., Ltd.
  • AGC Inc.
  • Nippon Sheet Glass Co., Ltd.
  • Polytronix, Inc.
  • Merck KGaA(Merck Group)
  • Gentex Corporation
  • ChromoGenics AB
  • PPG Industries, Inc.
  • Vision Systems
  • Research Frontiers Inc.
  • Corning Incorporated
  • View Inc.
  • Kinestral,Technologies, Inc.
  • Saint-Gobain SA
Product Code: SMRC26229

According to Stratistics MRC, the Global Smart Glass Market is accounted for $5.58 billion in 2023 and is expected to reach $12.17 billion by 2030 growing at a CAGR of 11.8% during the forecast period. Smart glass, sometimes referred to as switchable glass or privacy glass, is a technological and architectural marvel of the modern era. In contrast to conventional glass, smart glass is able to change its opacity or transparency in response to changes in temperature, light, or voltage. Its novel feature allows it to change from transparent to translucent or opaque, providing control over light transmission and privacy.

Market Dynamics:

Driver:

Demand in buildings for energy-efficient solutions

The need for smart glass in buildings has increased due to the growing focus on sustainability and energy efficiency in building design. By controlling the amount of heat and light that enters a building, smart glass helps reduce energy consumption by lowering the need for artificial lighting, heating, and cooling. By lowering carbon emissions, this lowers energy costs while also promoting environmental conservation. Additionally, the use of smart glass solutions is anticipated to increase in both residential and commercial buildings due to strict building regulations and certifications that promote energy-efficient construction methods globally.

Restraint:

Expensive initial outlay and extended payback time

The initial cost of smart glass is higher than that of traditional glass alternatives, which is one of the main obstacles preventing its widespread adoption. Because of its high price point, complex manufacturing procedures, and cutting-edge technologies, smart glass is an expensive investment for developers and property owners. Furthermore, even though smart glasses provide long-term advantages and energy savings, some potential customers may be discouraged from adopting the technology due to the lengthy payback period of the initial investment.

Opportunity:

Growth into developing areas and markets

Emerging markets and regions are experiencing faster rates of urbanization, infrastructure development, and construction activity, which is driving up demand for cutting-edge building technologies like smart glass. A major opportunity for smart glass manufacturers to profit from the construction boom and changing architectural trends is to increase market penetration in areas like Asia-Pacific, Latin America, and the Middle East. Moreover, manufacturers can position themselves to meet the growing demand for smart glass solutions and spur revenue growth in emerging markets by forming local partnerships, distribution channels, and market presence.

Threat:

Competition from traditional glass substitutes

Due to their familiarity and affordability, traditional glass products like double-glazed windows and low-emissivity (low-E) glass are still widely used in construction and automotive applications. These traditional glass substitutes provide the same basic functionality as smart glass technologies, but without the added complexity or expense. Additionally, well-established players in the glass industry with traditional solutions compete in the smart glass market.

Covid-19 Impact:

The COVID-19 pandemic has caused supply chain disruptions, project delays, and demand fluctuations, all of which have had a substantial effect on the smart glass market. The economic downturn caused by the pandemic resulted in a decrease in construction activity, a delay in architectural projects, and a reduction in consumer spending, especially in industries like commercial real estate, hospitality, and automotive. Furthermore, production operations and product availability were negatively impacted by supply chain disruptions, which included factory closures, logistical difficulties, and shortages of components and raw materials.

The Mobile-based segment is expected to be the largest during the forecast period

In the smart glass market, the mobile-based segment commands the largest share. Via smartphone applications, users of mobile-based smart glass solutions can easily control and customize the transparency, tinting, and other properties of the glass from a distance. Moreover, the increasing popularity of connected Internet of Things (IoT) devices and the broad use of smartphones have led to growth in this market. With a single tap of a button on their mobile devices, users of mobile-based smart glass solutions can optimize natural light, augment privacy, and boost energy efficiency for a range of residential, commercial, and automotive uses.

The Transportation segment is expected to have the highest CAGR during the forecast period

In the smart glass market, the transportation segment has the highest CAGR. The primary driver of this growth is the rising demand for sophisticated glazing solutions in automotive applications, which aim to enhance the safety, energy efficiency, and aesthetics of vehicles. Cars are becoming more and more equipped with smart glass technologies to provide features like heads-up displays, switchable privacy glass, and dimmable sunroofs, which improve driver comfort and the driving experience as a whole. Furthermore, automakers are adopting smart glass solutions due to strict regulations requiring the integration of energy-efficient and safety technologies in vehicles.

Region with largest share:

The market for smart glasses is dominated by North America. The prevailing position in the market is ascribed to elements like the existence of significant players, progress in technology, and a strong infrastructure that facilitates the integration of smart glass solutions in diverse sectors. The region's strong emphasis on sustainability, together with strict laws governing energy use and green building programs, has increased demand for smart glass in projects involving both residential and commercial construction. Moreover, the market for smart glasses is greatly influenced by the North American automotive sector, which integrates more and more cutting-edge glazing technologies into cars to improve comfort, safety, and aesthetics.

Region with highest CAGR:

In the smart glass market, the Asia-Pacific region has the highest CAGR. Rapid urbanization, the development of infrastructure, and rising investments in smart building technologies throughout nations like China, Japan, and India are the main drivers of this growth. Smart glass adoption in commercial and residential construction projects is being driven by the region's burgeoning construction industry as well as government initiatives promoting sustainable building practices and energy-efficient solutions. Additionally, increasing disposable incomes, evolving consumer preferences, and heightened cognizance of smart technologies are all driving factors behind the need for smart glass in automotive settings, especially high-end cars.

Key players in the market

Some of the key players in Smart Glass market include DuPont, Asahi Glass Co., Ltd., Gauzy Ltd., Hitachi Chemical Co., Ltd., AGC Inc., Nippon Sheet Glass Co., Ltd., Polytronix, Inc., Merck KGaA (Merck Group), Gentex Corporation, ChromoGenics AB, PPG Industries, Inc., Vision Systems, Research Frontiers Inc., Corning Incorporated, View Inc., Kinestral Technologies, Inc. and Saint-Gobain S.A.

Key Developments:

In May 2024, Asahi India Glass and INOX Air Products sign MoU for Green Hydrogen. INOX Air Products, a manufacturer of industrial and medical gases, has signed a Memorandum of Understanding (MoU) with Asahi India Glass Limited (AIS) for a 20-year offtake agreement to supply green hydrogen to AIS's greenfield float glass facility in Soniyana, Chittorgarh, Rajasthan.

In February 2024, AGC Chemicals Americas Inc. announces an expansion at its Thorndale, Pennsylvania, production facility that will add up to fifty percent more manufacturing, quality control lab and office space. The multiuse facility will be configured to meet the growing needs of current business and accommodate future production increases and new capabilities.

In August 2023, DuPont announced a definitive agreement to sell an 80.1% ownership interest in the Delrin(R) acetal homopolymer (H-POM) business1 to TJC LP (TJC) in a transaction valuing the business at $1.8 billion. TJC has received fully committed financing in connection with the transaction, which is expected to close around year-end 2023, subject to customary closing conditions and regulatory approval.

Technologies Covered:

  • Electrochromic
  • Suspended Particle Display (SPD)
  • Liquid Crystal (LC)
  • Photochromic
  • Thermochromic
  • Micro-blinds
  • Other Technologies

Mechanisms Covered:

  • Active
  • Passive

Control Systems Covered:

  • Manual
  • Remote
  • Mobile-based
  • Voice-based
  • Other Control Systems

End Users Covered:

  • Architecture
  • Transportation
  • Power Generation Plants
  • Consumer Electronics
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Technology Analysis
  • 3.7 End User Analysis
  • 3.8 Emerging Markets
  • 3.9 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Smart Glass Market, By Technology

  • 5.1 Introduction
  • 5.2 Electrochromic
  • 5.3 Suspended Particle Display (SPD)
  • 5.4 Liquid Crystal (LC)
    • 5.4.1 Polymer Dispersed Liquid Crystal (PDLC)
    • 5.4.2 Twisted Nematic (TN) Liquid Crystals
  • 5.5 Photochromic
  • 5.6 Thermochromic
  • 5.7 Micro-blinds
  • 5.8 Other Technologies

6 Global Smart Glass Market, By Mechanism

  • 6.1 Introduction
  • 6.2 Active
  • 6.3 Passive

7 Global Smart Glass Market, By Control System

  • 7.1 Introduction
  • 7.2 Manual
  • 7.3 Remote
  • 7.4 Mobile-based
  • 7.5 Voice-based
  • 7.6 Other Control Systems

8 Global Smart Glass Market, By End User

  • 8.1 Introduction
  • 8.2 Architecture
    • 8.2.1 Residential
    • 8.2.2 Commercial
  • 8.3 Transportation
    • 8.3.1 Automotive
    • 8.3.2 Aerospace
    • 8.3.3 Marine
  • 8.4 Power Generation Plants
  • 8.5 Consumer Electronics
  • 8.6 Other End Users

9 Global Smart Glass Market, By Geography

  • 9.1 Introduction
  • 9.2 North America
    • 9.2.1 US
    • 9.2.2 Canada
    • 9.2.3 Mexico
  • 9.3 Europe
    • 9.3.1 Germany
    • 9.3.2 UK
    • 9.3.3 Italy
    • 9.3.4 France
    • 9.3.5 Spain
    • 9.3.6 Rest of Europe
  • 9.4 Asia Pacific
    • 9.4.1 Japan
    • 9.4.2 China
    • 9.4.3 India
    • 9.4.4 Australia
    • 9.4.5 New Zealand
    • 9.4.6 South Korea
    • 9.4.7 Rest of Asia Pacific
  • 9.5 South America
    • 9.5.1 Argentina
    • 9.5.2 Brazil
    • 9.5.3 Chile
    • 9.5.4 Rest of South America
  • 9.6 Middle East & Africa
    • 9.6.1 Saudi Arabia
    • 9.6.2 UAE
    • 9.6.3 Qatar
    • 9.6.4 South Africa
    • 9.6.5 Rest of Middle East & Africa

10 Key Developments

  • 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 10.2 Acquisitions & Mergers
  • 10.3 New Product Launch
  • 10.4 Expansions
  • 10.5 Other Key Strategies

11 Company Profiling

  • 11.1 DuPont
  • 11.2 Asahi Glass Co., Ltd.
  • 11.3 Gauzy Ltd.
  • 11.4 Hitachi Chemical Co., Ltd.
  • 11.5 AGC Inc.
  • 11.6 Nippon Sheet Glass Co., Ltd.
  • 11.7 Polytronix, Inc.
  • 11.8 Merck KGaA (Merck Group)
  • 11.9 Gentex Corporation
  • 11.10 ChromoGenics AB
  • 11.11 PPG Industries, Inc.
  • 11.12 Vision Systems
  • 11.13 Research Frontiers Inc.
  • 11.14 Corning Incorporated
  • 11.15 View Inc.
  • 11.16 Kinestral,Technologies, Inc.
  • 11.17 Saint-Gobain S.A.

List of Tables

  • Table 1 Global Smart Glass Market Outlook, By Region (2021-2030) ($MN)
  • Table 2 Global Smart Glass Market Outlook, By Technology (2021-2030) ($MN)
  • Table 3 Global Smart Glass Market Outlook, By Electrochromic (2021-2030) ($MN)
  • Table 4 Global Smart Glass Market Outlook, By Suspended Particle Display (SPD) (2021-2030) ($MN)
  • Table 5 Global Smart Glass Market Outlook, By Liquid Crystal (LC) (2021-2030) ($MN)
  • Table 6 Global Smart Glass Market Outlook, By Polymer Dispersed Liquid Crystal (PDLC) (2021-2030) ($MN)
  • Table 7 Global Smart Glass Market Outlook, By Twisted Nematic (TN) Liquid Crystals (2021-2030) ($MN)
  • Table 8 Global Smart Glass Market Outlook, By Photochromic (2021-2030) ($MN)
  • Table 9 Global Smart Glass Market Outlook, By Thermochromic (2021-2030) ($MN)
  • Table 10 Global Smart Glass Market Outlook, By Micro-blinds (2021-2030) ($MN)
  • Table 11 Global Smart Glass Market Outlook, By Other Technologies (2021-2030) ($MN)
  • Table 12 Global Smart Glass Market Outlook, By Mechanism (2021-2030) ($MN)
  • Table 13 Global Smart Glass Market Outlook, By Active (2021-2030) ($MN)
  • Table 14 Global Smart Glass Market Outlook, By Passive (2021-2030) ($MN)
  • Table 15 Global Smart Glass Market Outlook, By Control System (2021-2030) ($MN)
  • Table 16 Global Smart Glass Market Outlook, By Manual (2021-2030) ($MN)
  • Table 17 Global Smart Glass Market Outlook, By Remote (2021-2030) ($MN)
  • Table 18 Global Smart Glass Market Outlook, By Mobile-based (2021-2030) ($MN)
  • Table 19 Global Smart Glass Market Outlook, By Voice-based (2021-2030) ($MN)
  • Table 20 Global Smart Glass Market Outlook, By Other Control Systems (2021-2030) ($MN)
  • Table 21 Global Smart Glass Market Outlook, By End User (2021-2030) ($MN)
  • Table 22 Global Smart Glass Market Outlook, By Architecture (2021-2030) ($MN)
  • Table 23 Global Smart Glass Market Outlook, By Residential (2021-2030) ($MN)
  • Table 24 Global Smart Glass Market Outlook, By Commercial (2021-2030) ($MN)
  • Table 25 Global Smart Glass Market Outlook, By Transportation (2021-2030) ($MN)
  • Table 26 Global Smart Glass Market Outlook, By Automotive (2021-2030) ($MN)
  • Table 27 Global Smart Glass Market Outlook, By Aerospace (2021-2030) ($MN)
  • Table 28 Global Smart Glass Market Outlook, By Marine (2021-2030) ($MN)
  • Table 29 Global Smart Glass Market Outlook, By Power Generation Plants (2021-2030) ($MN)
  • Table 30 Global Smart Glass Market Outlook, By Consumer Electronics (2021-2030) ($MN)
  • Table 31 Global Smart Glass Market Outlook, By Other End Users (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.