PUBLISHER: IMARC | PRODUCT CODE: 1701947
PUBLISHER: IMARC | PRODUCT CODE: 1701947
The global smart glass market size reached USD 6.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 16.0 Billion by 2033, exhibiting a growth rate (CAGR) of 9.38% during 2025-2033. Rapid urbanization, increasing focus on energy-efficiency, and thriving retail sector are strengthening the growth of the market.
Smart glass is a superior-grade glazing glass that is manufactured by arranging and laminating switchable acrylic polycarbonate films. These layers include liquid crystals that filter the level of brightness, heat, and voltage entering through lenses. Smart glass provides instant privacy and enough natural light, prevents ultraviolet (UV) radiations, reduces glare, allows easy cleaning, and enhances the aesthetic appearance of the infrastructure. Along with this, it is secured, easy to install, aesthetically appealing, and requires minimal operational costs; therefore, it is used as electrochromic and envelope glass across various power generation and commercial buildings. Currently, smart glass is available in varying technologies, including thermochromic, photochromic, and suspended particle devices (SPD).
One of the key factors driving the market growth is the ongoing construction activities and the increasing infrastructural projects, which, in turn, have facilitated the widespread installation of smart glass in various residential and commercial complexes. Such products exhibit energy-saving capacity, which further helps reduce the energy consumption on heating, ventilation, and air conditioning (HVAC) systems. In line with this, the implementation of various green building initiatives by governments, owing to the rising environmental concerns, has further supplemented the product demand to reduce overall carbon footprints. Additionally, considerable expansion in the automotive industry and the escalating need for luxurious vehicles have prompted manufacturers to incorporate smart glass in sun visors, sunroofs, windshields, and rear-view mirrors, which is contributing to the market growth. Moreover, the extensive utilization of suspended particle devices (SPD) glass in the aerospace industry to offer improved aircraft performance, acoustic insulation, and superior heat rejection is impelling the market growth. Apart from this, the advent of floor-to-ceiling glass windows and the uptake of three-dimensional (3D) designs prepositions to ensure optimum thermal insulation are creating a positive outlook for the market.
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGC Inc., Asahi India Glass Limited, ChromoGenics AB, Compagnie de Saint-Gobain S.A., Diamond Glass Limited, Gauzy Ltd, Gentex Corporation, Halio Inc., Polytronix Inc., Research Frontiers Inc. and View Inc.