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Microcap & Penny Stocks : REFR Since Gauzy
REFR 1.570+0.6%3:59 PM EST
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From: JubilationT3/28/2025 6:08:43 PM
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Technology Insights The electrochromic segment dominated the automotive smart windows market with the largest share in 2024 and continues to be a crucial player in the market, mainly in premium and luxury vehicle applications. This technology provides advanced light control features and has been widely accepted in high-end vehicles for applications like smart windows. The ability of this technology to offer gradual tinting control and its demonstrated reliability in automotive settings have made it a preferred option for numerous vehicle manufacturers. Electrochromic technology has also proven its potential for integration with advanced driver assistance systems and other intelligent vehicle functionalities, making it particularly relevant in the developing autonomous vehicle sector.

The suspended particle device segment is anticipated to grow with the highest CAGR during the studied years. SPD technology has gained considerable momentum due to its exceptional efficiency, using only an average of 1.5 watts per square meter compared to other smart window technologies. Leading automotive manufacturers are increasingly adopting SPD technology for their premium vehicle models, especially in applications such as panoramic sunroofs and windows, as it effectively lowers interior heat by up to 10° Celsius and enhances driving range by about 5.5% in electric vehicles. The ability of the technology to provide immediate light control, improved UV protection, and a substantial decrease in CO2 emissions has made it especially appealing to luxury vehicle manufacturers and electric vehicle creators who are focusing on both comfort and sustainability.
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