Smart Glass Market by Type, Control Mode, Application

List of Tables

[186 Pages Report] The Smart Glass Market size was estimated at USD 10.18 billion in 2023 and expected to reach USD 11.07 billion in 2024, at a CAGR 9.27% to reach USD 18.93 billion by 2030.

Smart glass is a material that alters light transmission rates to change and modify transparency and functionality. Smart glass technology plays a pivotal role in balancing the conflicting demands of both functional and architectural considerations. It effectively balances the advantages of natural light, scenic views, and spacious open floor designs while addressing the imperatives of energy efficiency and privacy. These glasses offer adjustable tints, act as displays, ensure heat and noise blocking, and aid in generating solar power. In recent years, the use of smart glass in the automobile industry and as an interactive touchscreen or display is growing. Moreover, the demand for smart glass proliferates due to public and private sector investments and interests in sustainable building construction. On the other hand, the cost-intensiveness of production and design and performance-related technical concerns with smart glass impede their widespread adoption. However, the continuous research and innovations in smart glass technology, coupled with their utilization for solar power generation, are expected to boost their usage considerably in the coming years.

KEY MARKET STATISTICS
Base Year [2023]	USD 10.18 billion
Estimated Year [2024]	USD 11.07 billion
Forecast Year [2030]	USD 18.93 billion
CAGR (%)	9.27%

Type: Rising adoption of active smart glasses due to their energy conservation measures

Active smart glass requires an external power source for operation. This type of smart glass leverages electric signals to alter the transparency levels using technologies including electrochromic (EC), suspended particle devices (SPD), liquid crystal (LC), and micro-blinds. Active smart glasses are preferred for their precise control over light transmission, offering enhanced energy efficiency and better glare reduction. Electrochromic smart glasses utilize electrochromic technology that allows users to control the amount of light transmitted through the glass by applying an electrical voltage. Liquid crystal smart glasses use liquid crystal technology sandwiched between two glass or plastic substrate layers. When an electric current is applied, the liquid crystal molecules align in a specific arrangement, allowing precise control over light transmission levels. Suspended particle devices (SPD) technology consists of a thin film with suspended light-absorbing microscopic particles that respond to an electric charge. SPD smart glasses serve multiple purposes, including glare reduction and privacy control in automotive applications.

Unlike active smart glass, passive smart glass does not require an external power source and relies on environmental factors such as temperature or ultraviolet radiation to change its properties. Passive smart glasses are suitable for situations where automatic responsiveness to environmental conditions is preferred, without manual control or electricity. Photochromic smart glasses contain lenses that change their tint level in response to changes in UV light exposure. Once away from direct sunlight, the lenses return to their original clear state. Thermochromic technology relies on temperature-sensitive materials that change color when subjected to varying temperatures.

Control Mode: Improved usage of remote-controlled smart glasses to enhance user experience

Dimmers are ideal for those who prefer a smooth transition between different opacity levels in their smart glass. This gradual adjustment enables users to fine-tune the light entering a room according to their needs. Remote-controlled smart glass offers convenience, allowing users to manage their windows or partitions from anywhere in the room without touching a switch or button. This is particularly useful for commercial applications where controlling large areas or multiple rooms is required. Switch-based control systems are a more traditional approach to smart glass technology, providing on/off functionality for users who prioritize simplicity and ease of use. Switches can be installed on walls or integrated into furniture designs, making them suitable for residential and small-scale commercial environments. The choice of control mode largely depends on individual user preferences and application settings.

Application: Popularity of smart glasses to improve interior aesthetics in building and construction applications

Smart glass is increasingly incorporated in the architecture and construction industries, providing an ideal solution for energy efficiency, privacy, and improved aesthetics. In this sector, smart glass fulfills the need for effective temperature control, reducing heating and air conditioning costs while contributing to sustainable building designs. The automotive and transportation industries have embraced smart glass technology as it provides enhanced driver comfort, better fuel efficiency, glare reduction, and UV protection. Smart glass has become essential in modern vehicles, including sunroofs, windows, rearview mirrors, and windshields. Consumer electronics is another significant application of smart glass technology for offering enhanced user experience through privacy control and on-demand transparency in devices such as smartphones, tablets, laptop screens, or wearables. Smart glass plays a crucial role in power generation by integrating with photovoltaic (PV) cells in building integrated photovoltaics. These systems utilize smart glass properties for dynamic solar control while generating clean energy from sunlight.

Regional Insights

The smart glass market in the EU and North America is evolving rapidly with the presence of major market players, technological advances in smart glass technology, and considerable production of glasses. In Asia-Pacific, the Middle East, Africa, and South American countries, the demand and usage of smart glass are gradually growing across industries, with government programs and regulations to enhance sustainability in the construction sector and rising investments in luxury cars. Along with China and North America, the EU remains one of the world's top glass producers, with Germany, Italy, France, Spain, the UK, and Poland leading production. Vendor penetration in glass-producing economies could surge due to increased access to raw materials and easy transportation of materials. The ongoing smart city projects in Norway, India, South Korea, Japan, Indonesia, Germany, Saudi Arabia, Switzerland, Brazil, and other countries provide significant opportunities for using smart glass in residential, commercial, and industrial buildings to offer thermal comfort and produce energy. Moreover, automakers, including McLaren Automotive Limited, Mercedes-Benz Group AG, BMW AG, and many others, are gradually integrating smart glass in cars to improve noise reduction, increase fuel efficiency, and offer customizability. Furthermore, introducing new smart glass technology with superior functionality and operability utilizing high-quality materials by market players to meet the changing requirements is expected to fuel market growth in the coming years.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Smart Glass Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Smart Glass Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Smart Glass Market, highlighting leading vendors and their innovative profiles. These include AGC Inc., AGP Group, Carl Zeiss AG, Central Glass Co., Ltd., ChromoGenics AB, Compagnie de Saint-Gobain S.A., Corning Incorporated, Gauzy Ltd., General Motors Company, Gentex Corporation, Guardian Industries Holdings by Koch Industries, Inc., LTI Smart Glass, Inc., Miru Smart Technologies, Nippon Sheet Glass Co., Ltd., Polytronix, Inc., PPG Industries, Inc., Pro Display Group, Pulp Studio, Inc., RavenWindow, Rev Interactive SDN. BHD., Skyline Design, Smart Glass Group, Smart Window Company, Inc., Smartglass International Ltd., SmartGlassCountry, Suntuitive by Pleotint LLC, Tejj Sons, VELUX A/S, and View, Inc..

Market Segmentation & Coverage

This research report categorizes the Smart Glass Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Active
  - Electrochromic
  - Liquid Crystal
  - Suspended Particle Devices

Passive
- Photochromic
- Thermochromic

Control Mode
- Dimmers
- Remote Control
- Switches

Application
- Architecture and Building & Construction
- Automotive & Transportation
- Consumer Electronics
- Power Generation

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Smart Glass Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Smart Glass Market?

3. What are the technology trends and regulatory frameworks in the Smart Glass Market?

4. What is the market share of the leading vendors in the Smart Glass Market?

5. Which modes and strategic moves are suitable for entering the Smart Glass Market?

Product Code: MRR-03168519579F

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing investments for energy-efficient building and construction sector
  - 5.1.1.2. Increasing applications of smart glass in the automotive industry
  - 5.1.1.3. Usage of smart glass as an interactive touchscreen or display in consumer electronics
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with production and design of smart glass
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing research and introduction of new smart glass to expand its applications
  - 5.1.3.2. Emerging demand for smart glass in solar energy generation
- 5.1.4. Challenges
  - 5.1.4.1. Concerns over technical issues pertinent to smart glass performance
5.2. Market Segmentation Analysis
- 5.2.1. Type: Rising adoption of active smart glasses due to their energy conservation measures
- 5.2.2. Control Mode: Improved usage of remote-controlled smart glasses to enhance user experience
- 5.2.3. Application: Popularity of smart glasses to improve interior aesthetics in building and construction applications
5.3. Market Trend Analysis
- 5.3.1. Revolutionary smart city initiatives and green building infrastructure in the Americas
- 5.3.2. Significant deployment of smart glass in automotive sector in the APAC region
- 5.3.3. Flourishing technological landscape leading to creation of breakthrough smart glass in EMEA region
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis

6. Smart Glass Market, by Type

6.1. Introduction
6.2. Active
6.3. Passive

7. Smart Glass Market, by Control Mode

7.1. Introduction
7.2. Dimmers
7.3. Remote Control
7.4. Switches

8. Smart Glass Market, by Application

8.1. Introduction
8.2. Architecture and Building & Construction
8.3. Automotive & Transportation
8.4. Consumer Electronics
8.5. Power Generation

9. Americas Smart Glass Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Smart Glass Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Smart Glass Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Korea's SKC to Invest Up To USD 70 Million in US Smart Glass Firm Halio
- 12.3.2. AGC's Digital CurtainTM Light Control Glass Adopted for Toyota's "Century"
- 12.3.3. GLASSBEL and HALIO Collaborate to Strengthen Value of Smart Glass for EU and the Middle East Markets
- 12.3.4. Tucson Startup's Smart Glass Technology Looks to Help Reduce Housing Energy Costs
- 12.3.5. Miru Smart Technologies and ODL Collaborate
- 12.3.6. Eyrise Provides Smart Glass Facades at the Precedent
- 12.3.7. Kognition Announces Partnership with View Inc. to Integrate Smart Building Cloud and Smart Glass Technology
- 12.3.8. View Inc. to install Smart Windows as part of Phase II expansion at Charlotte Douglas Airport
- 12.3.9. AGC and Saint-Gobain Partner for the Decarbonization of Flat Glass Manufacturing
- 12.3.10. Team Develops Smart Window that can Store Energy
- 12.3.11. Approved Patent Paves Way for GM to Introduce Light-Dimming Windshields
- 12.3.12. Hamilton Global Opportunities PLC (ALHGO.PA) Announces Investment in the Israeli Company Gauzy
- 12.3.13. Israeli Smart Glass Firm Buys French Company

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio