Automotive Glass Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Application, by Vehicle Type, by End User : Global Opportunity Analysis and Industry Forecast, 2024 – 2029

SKU: GMS713

Format: PDF

Overall Rating
4.5/5

OVERVIEW

The Automotive Glass Market is currently valued at USD 5.2 billion in 2024 and will be growing at a CAGR of 4% over the forecast period to reach an estimated USD 5.70 billion in revenue in 2029. The automotive glass market is a dynamic sector within the automotive industry that encompasses the production, distribution, and installation of glass components for vehicles. These components include windshields, side windows, rear windows, and sunroofs, among others. Automotive glass serves both functional and aesthetic purposes, providing structural integrity, visibility, and protection from external elements while enhancing the vehicle’s overall design. With advancements in technology, automotive glass has evolved to incorporate features such as UV protection, infrared reflection, and acoustic insulation, catering to the demands for safety, comfort, and energy efficiency in modern vehicles. The market is influenced by factors such as vehicle production trends, regulations governing vehicle safety standards, consumer preferences for vehicle aesthetics and features, as well as advancements in glass manufacturing technologies. Additionally, environmental concerns and sustainability initiatives are increasingly shaping the market, driving the adoption of eco-friendly materials and manufacturing processes.

Advancements in vehicle safety standards worldwide are a significant driver. Stricter regulations necessitate the use of high-quality, durable glass that can withstand impacts and contribute to overall vehicle safety. Secondly, the rise in vehicle production, particularly in emerging economies, fuels the demand for automotive glass. As more vehicles are manufactured, the need for glass components increases proportionally. Thirdly, consumer preferences for enhanced driving experiences and aesthetics drive innovation in automotive glass technology. Features such as noise reduction, UV protection, and heads-up displays are increasingly sought after, pushing manufacturers to develop cutting-edge solutions. Moreover, the growing awareness of environmental sustainability is influencing the market, with a shift towards eco-friendly materials and manufacturing processes. Additionally, the expansion of the electric vehicle (EV) market presents new opportunities for automotive glass manufacturers. EVs often require specialized glass components due to unique design requirements, such as larger panoramic roofs and improved aerodynamics.

Market Dynamics

Drivers:

Advancements in vehicle safety standards worldwide are a significant driver. Stricter regulations necessitate the use of high-quality, durable glass that can withstand impacts and contribute to overall vehicle safety. Secondly, the rise in vehicle production, particularly in emerging economies, fuels the demand for automotive glass. As more vehicles are manufactured, the need for glass components increases proportionally. Thirdly, consumer preferences for enhanced driving experiences and aesthetics drive innovation in automotive glass technology. Features such as noise reduction, UV protection, and heads-up displays are increasingly sought after, pushing manufacturers to develop cutting-edge solutions. Moreover, the growing awareness of environmental sustainability is influencing the market, with a shift towards eco-friendly materials and manufacturing processes. Additionally, the expansion of the electric vehicle (EV) market presents new opportunities for automotive glass manufacturers. EVs often require specialized glass components due to unique design requirements, such as larger panoramic roofs and improved aerodynamics.

Key Opportunities :

The automotive glass market presents several key opportunities for industry players to capitalize on. Firstly, the growing demand for smart glass technology represents a significant opportunity. Smart glass, capable of adjusting transparency or displaying information, offers enhanced functionality and aesthetic appeal, particularly in luxury vehicles. Additionally, the increasing adoption of electric and autonomous vehicles opens up new avenues for innovation. These vehicles often require specialized glass solutions to optimize aerodynamics, accommodate advanced sensor systems, and enhance the overall driving experience. Furthermore, the rising trend towards vehicle customization offers opportunities for automotive glass manufacturers to develop bespoke solutions tailored to individual preferences and brand identities. Moreover, the expanding aftermarket segment provides avenues for aftermarket glass replacement and customization services, catering to consumers seeking upgrades or repairs for their vehicles. Lastly, collaborations with technology companies and research institutions offer opportunities for advancements in materials and manufacturing processes, driving product innovation and market differentiation.

Restraints :

The volatility of raw material prices, particularly for materials like glass substrates and coatings. Fluctuations in prices can impact manufacturing costs and profit margins for industry players. Additionally, stringent regulatory requirements, particularly concerning safety standards and environmental regulations, impose compliance burdens and may necessitate costly adjustments to manufacturing processes. Another restraint is the competitive nature of the market, characterized by a high degree of consolidation among key players and intense price competition. This can limit the ability of smaller firms to compete effectively and innovate. Moreover, the cyclical nature of the automotive industry, influenced by factors such as economic conditions and consumer demand, introduces uncertainty and can lead to fluctuations in market demand for automotive glass products. Finally, technological advancements and disruptive innovations, such as alternative materials or advances in vehicle design, pose a threat of substitution, challenging traditional glass manufacturers to stay ahead of the curve. Navigating these restraints requires strategic planning, innovation, and adaptability to sustain growth and competitiveness in the automotive glass market.

Regional Information:

In North America, the automotive glass market is characterized by stringent safety regulations and a growing emphasis on advanced driver assistance systems (ADAS) and electric vehicles (EVs). With a strong automotive manufacturing base and a high demand for luxury vehicles, there’s a notable trend towards integrating smart glass technologies and innovative features like heads-up displays and panoramic sunroofs. However, the market faces challenges such as volatile raw material prices and intense competition among established players and emerging startups.

• In Europe, the automotive glass market is heavily influenced by stringent environmental regulations and a strong focus on sustainability. There’s a growing demand for lightweight glass solutions to improve fuel efficiency and reduce emissions, particularly in response to tightening emissions standards. Moreover, the region’s commitment to innovation drives research and development efforts towards eco-friendly materials and advanced manufacturing processes. The aftermarket segment also thrives, catering to a diverse consumer base seeking customization options and premium upgrades for their vehicles.

• In the Asia Pacific region, the automotive glass market is buoyed by rapid urbanization, increasing disposable income, and a booming automotive sector. Countries like China and India lead the market, driven by robust vehicle production and a burgeoning middle class. The demand for cost-effective and energy-efficient glass solutions is high, particularly in compact cars and commercial vehicles. Moreover, the region’s technological prowess fosters innovation in areas such as self-cleaning glass and integrated connectivity features. 

Recent Developments:

In April 2022, Fuyao Group through its subsidiary Fuyao Glass America Inc., a venture of China-based Fuyao Glass Industry Group Co. Ltd. expanded its operations in Greenville County. Its $34.5 million investment create 121 new jobs. 

• In December 2022, Corning Incorporated collaborated with LG electronics to create curved display modules for vehicle interiors. It used cold-form technology that allows curved displays to be developed with a 25 percent carbon reduction compared to traditional glass forming. 

Key Market Players:

Saint-Gobain, AGC Inc. (formerly Asahi Glass Co., Ltd.), Fuyao Glass Industry Group Co., Ltd., Nippon Sheet Glass Co., Ltd. (NSG Group), and Guardian Industries.

Frequently Asked Questions

1) What is the projected market value of the Automotive Glass Market?

– The Automotive Glass Market is expected to reach an estimated value of USD 5.70 billion in revenue by 2029. 

2) What is the estimated CAGR of the Automotive Glass Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 4% for the Automotive Glass Market over the 2024 to 2029.

3) Who are the key players in the Automotive Glass Market?

– Saint-Gobain, AGC Inc. (formerly Asahi Glass Co., Ltd.), Fuyao Glass Industry Group Co., Ltd., Nippon Sheet Glass Co., Ltd. (NSG Group), and Guardian Industries.

4) What are the drivers for the Automotive Glass Market?

– Advancements in vehicle safety standards, rising vehicle production, consumer preferences for enhanced driving experiences, environmental sustainability, and the expansion of the electric vehicle market are driving the demand for automotive glass components. High-quality, durable glass is needed to withstand impacts and contribute to overall vehicle safety.

5) What are the restraints and challenges in the Automotive Glass Market?

– The automotive glass market faces challenges such as volatile raw material prices, stringent regulatory requirements, competitive market dynamics, cyclical economic conditions, and technological advancements. These factors can impact manufacturing costs, profit margins, and the ability of smaller firms to innovate. To sustain growth and competitiveness, strategic planning, innovation, and adaptability are crucial.

6) What are the key applications and offerings of the Automotive Glass Market?

– Key applications of automotive glass include windshields, side windows, rear windows, and sunroofs. These components provide structural integrity, visibility, and protection from external elements while enhancing vehicle aesthetics. Advanced features such as UV protection, infrared reflection, and acoustic insulation contribute to safety, comfort, and energy efficiency in modern vehicles. Additionally, automotive glass plays a crucial role in supporting technologies like heads-up displays and advanced driver assistance systems (ADAS).

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029 

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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OVERVIEW

The Automotive Glass Market is currently valued at USD 5.2 billion in 2024 and will be growing at a CAGR of 4% over the forecast period to reach an estimated USD 5.70 billion in revenue in 2029. The automotive glass market is a dynamic sector within the automotive industry that encompasses the production, distribution, and installation of glass components for vehicles. These components include windshields, side windows, rear windows, and sunroofs, among others. Automotive glass serves both functional and aesthetic purposes, providing structural integrity, visibility, and protection from external elements while enhancing the vehicle’s overall design. With advancements in technology, automotive glass has evolved to incorporate features such as UV protection, infrared reflection, and acoustic insulation, catering to the demands for safety, comfort, and energy efficiency in modern vehicles. The market is influenced by factors such as vehicle production trends, regulations governing vehicle safety standards, consumer preferences for vehicle aesthetics and features, as well as advancements in glass manufacturing technologies. Additionally, environmental concerns and sustainability initiatives are increasingly shaping the market, driving the adoption of eco-friendly materials and manufacturing processes.

Advancements in vehicle safety standards worldwide are a significant driver. Stricter regulations necessitate the use of high-quality, durable glass that can withstand impacts and contribute to overall vehicle safety. Secondly, the rise in vehicle production, particularly in emerging economies, fuels the demand for automotive glass. As more vehicles are manufactured, the need for glass components increases proportionally. Thirdly, consumer preferences for enhanced driving experiences and aesthetics drive innovation in automotive glass technology. Features such as noise reduction, UV protection, and heads-up displays are increasingly sought after, pushing manufacturers to develop cutting-edge solutions. Moreover, the growing awareness of environmental sustainability is influencing the market, with a shift towards eco-friendly materials and manufacturing processes. Additionally, the expansion of the electric vehicle (EV) market presents new opportunities for automotive glass manufacturers. EVs often require specialized glass components due to unique design requirements, such as larger panoramic roofs and improved aerodynamics.

Market Dynamics

Drivers:

Advancements in vehicle safety standards worldwide are a significant driver. Stricter regulations necessitate the use of high-quality, durable glass that can withstand impacts and contribute to overall vehicle safety. Secondly, the rise in vehicle production, particularly in emerging economies, fuels the demand for automotive glass. As more vehicles are manufactured, the need for glass components increases proportionally. Thirdly, consumer preferences for enhanced driving experiences and aesthetics drive innovation in automotive glass technology. Features such as noise reduction, UV protection, and heads-up displays are increasingly sought after, pushing manufacturers to develop cutting-edge solutions. Moreover, the growing awareness of environmental sustainability is influencing the market, with a shift towards eco-friendly materials and manufacturing processes. Additionally, the expansion of the electric vehicle (EV) market presents new opportunities for automotive glass manufacturers. EVs often require specialized glass components due to unique design requirements, such as larger panoramic roofs and improved aerodynamics.

Key Opportunities :

The automotive glass market presents several key opportunities for industry players to capitalize on. Firstly, the growing demand for smart glass technology represents a significant opportunity. Smart glass, capable of adjusting transparency or displaying information, offers enhanced functionality and aesthetic appeal, particularly in luxury vehicles. Additionally, the increasing adoption of electric and autonomous vehicles opens up new avenues for innovation. These vehicles often require specialized glass solutions to optimize aerodynamics, accommodate advanced sensor systems, and enhance the overall driving experience. Furthermore, the rising trend towards vehicle customization offers opportunities for automotive glass manufacturers to develop bespoke solutions tailored to individual preferences and brand identities. Moreover, the expanding aftermarket segment provides avenues for aftermarket glass replacement and customization services, catering to consumers seeking upgrades or repairs for their vehicles. Lastly, collaborations with technology companies and research institutions offer opportunities for advancements in materials and manufacturing processes, driving product innovation and market differentiation.

Restraints :

The volatility of raw material prices, particularly for materials like glass substrates and coatings. Fluctuations in prices can impact manufacturing costs and profit margins for industry players. Additionally, stringent regulatory requirements, particularly concerning safety standards and environmental regulations, impose compliance burdens and may necessitate costly adjustments to manufacturing processes. Another restraint is the competitive nature of the market, characterized by a high degree of consolidation among key players and intense price competition. This can limit the ability of smaller firms to compete effectively and innovate. Moreover, the cyclical nature of the automotive industry, influenced by factors such as economic conditions and consumer demand, introduces uncertainty and can lead to fluctuations in market demand for automotive glass products. Finally, technological advancements and disruptive innovations, such as alternative materials or advances in vehicle design, pose a threat of substitution, challenging traditional glass manufacturers to stay ahead of the curve. Navigating these restraints requires strategic planning, innovation, and adaptability to sustain growth and competitiveness in the automotive glass market.

Regional Information:

In North America, the automotive glass market is characterized by stringent safety regulations and a growing emphasis on advanced driver assistance systems (ADAS) and electric vehicles (EVs). With a strong automotive manufacturing base and a high demand for luxury vehicles, there’s a notable trend towards integrating smart glass technologies and innovative features like heads-up displays and panoramic sunroofs. However, the market faces challenges such as volatile raw material prices and intense competition among established players and emerging startups.

• In Europe, the automotive glass market is heavily influenced by stringent environmental regulations and a strong focus on sustainability. There’s a growing demand for lightweight glass solutions to improve fuel efficiency and reduce emissions, particularly in response to tightening emissions standards. Moreover, the region’s commitment to innovation drives research and development efforts towards eco-friendly materials and advanced manufacturing processes. The aftermarket segment also thrives, catering to a diverse consumer base seeking customization options and premium upgrades for their vehicles.

• In the Asia Pacific region, the automotive glass market is buoyed by rapid urbanization, increasing disposable income, and a booming automotive sector. Countries like China and India lead the market, driven by robust vehicle production and a burgeoning middle class. The demand for cost-effective and energy-efficient glass solutions is high, particularly in compact cars and commercial vehicles. Moreover, the region’s technological prowess fosters innovation in areas such as self-cleaning glass and integrated connectivity features. 

Recent Developments:

In April 2022, Fuyao Group through its subsidiary Fuyao Glass America Inc., a venture of China-based Fuyao Glass Industry Group Co. Ltd. expanded its operations in Greenville County. Its $34.5 million investment create 121 new jobs. 

• In December 2022, Corning Incorporated collaborated with LG electronics to create curved display modules for vehicle interiors. It used cold-form technology that allows curved displays to be developed with a 25 percent carbon reduction compared to traditional glass forming. 

Key Market Players:

Saint-Gobain, AGC Inc. (formerly Asahi Glass Co., Ltd.), Fuyao Glass Industry Group Co., Ltd., Nippon Sheet Glass Co., Ltd. (NSG Group), and Guardian Industries.

Frequently Asked Questions

1) What is the projected market value of the Automotive Glass Market?

– The Automotive Glass Market is expected to reach an estimated value of USD 5.70 billion in revenue by 2029. 

2) What is the estimated CAGR of the Automotive Glass Market over the 2024 to 2029 forecast period?

– The CAGR is estimated to be 4% for the Automotive Glass Market over the 2024 to 2029.

3) Who are the key players in the Automotive Glass Market?

– Saint-Gobain, AGC Inc. (formerly Asahi Glass Co., Ltd.), Fuyao Glass Industry Group Co., Ltd., Nippon Sheet Glass Co., Ltd. (NSG Group), and Guardian Industries.

4) What are the drivers for the Automotive Glass Market?

– Advancements in vehicle safety standards, rising vehicle production, consumer preferences for enhanced driving experiences, environmental sustainability, and the expansion of the electric vehicle market are driving the demand for automotive glass components. High-quality, durable glass is needed to withstand impacts and contribute to overall vehicle safety.

5) What are the restraints and challenges in the Automotive Glass Market?

– The automotive glass market faces challenges such as volatile raw material prices, stringent regulatory requirements, competitive market dynamics, cyclical economic conditions, and technological advancements. These factors can impact manufacturing costs, profit margins, and the ability of smaller firms to innovate. To sustain growth and competitiveness, strategic planning, innovation, and adaptability are crucial.

6) What are the key applications and offerings of the Automotive Glass Market?

– Key applications of automotive glass include windshields, side windows, rear windows, and sunroofs. These components provide structural integrity, visibility, and protection from external elements while enhancing vehicle aesthetics. Advanced features such as UV protection, infrared reflection, and acoustic insulation contribute to safety, comfort, and energy efficiency in modern vehicles. Additionally, automotive glass plays a crucial role in supporting technologies like heads-up displays and advanced driver assistance systems (ADAS).

7) Which region is expected to drive the market for the forecast period?

– North America is expected to have the highest market growth from 2024 to 2029 

Why Choose Us?

Insights into Market Trends: Global Market Studies reports provide valuable insights into market trends, including market size, segmentation, growth drivers, and market dynamics. This information helps clients make strategic decisions, such as product development, market positioning, and marketing strategies.

Competitor Analysis: Our reports provide detailed information about competitors, including their market share, product offerings, pricing, and competitive strategies. This data can be used to inform competitive strategies and to identify opportunities for growth and expansion.

Industry Forecasts: Our reports provide industry forecasts, which will inform your business strategies, such as investment decisions, production planning, and workforce planning. These forecasts can help you to prepare for future trends and to take advantage of growth opportunities.

Access to Industry Experts: Our solutions include contributions from industry experts, including analysts, consultants, and subject matter experts. This access to expert insights can be valuable for you to understand the market.

Time and Cost Savings: Our team at Global Market Studies can save you time and reduce the cost of conducting market research by providing comprehensive and up-to-date information in a single report, avoiding the need for additional market research efforts.

METHODOLOGY

At Global Market Studies, extensive research is done to create reports which have in-depth insights across all aspects of the market such as drivers, opportunities, challenges, restraints, market trends, regional insights, market segmentation, latest developments, key players for the forecast period. Multiple methods are used to derive both qualitative and quantitative information for the report:Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 1

PRIMARY RESEARCH

Through surveys and interviews, primary research is sourced mainly from experts from the core and related industry. It includes distributors, manufacturers, Directors, C-Level Executives and Managers, alliances certification organisations across various segments of the markets value chain. Both the supply-side and demand-side is interviewed.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 2

SECONDARY RESEARCH

Our sources of secondary research include Annual Reports, Journals, Press Releases, Company Websites, Paid Databases and our own Data Repository. They also include, investor presentations, certifies publications and articles by authorised regulatory bodies, trade directories and databases.

MARKET SIZE ESTIMATION

After extensive secondary and primary research, both the Bottom-up and Top-down methods are used to analyse the data. In the Bottom-up Approach, Company revenues across multiple segments are gathered to derive the percentage split per market segment. From this the Segment wise market size is derived to give the Total Market Size. In the Top-down Approach the reverse method is used where the Total Market Size is first derived from primary sources and is split into Market Segment, Regional Split and so on.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 4Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 5

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 6

DATA TRIANGULATION:

All statistics are collected through extensive secondary research and verified by interviews conducted with supply-side and demand-side in the primary research to ensure that both primary and secondary data percentages, statistics and findings corroborate.

Silicon battery market by capacity (0–3,000 mah, 3,000–10,000 mah, 10,000–60,000 mah, and 60,000 mah & above), application (consumer electronics, automotive, aviation, energy, and medical devices), and region - 2023 to 2028 7

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