Smart Glass Global Market Report 2024

Description

Smart glass denotes a variety of glass capable of modifying its characteristics, such as tint, opacity, or color, in reaction to external stimuli such as heat, light, or electricity. This technology is grounded in cutting-edge advancements that incorporate sophisticated materials to fashion windows and surfaces capable of adjusting their attributes based on external conditions or user directives.

The primary categories of smart glass encompass electrochromic, suspended particle device (SPD), liquid crystal, passive, and other variants. Electrochromic smart glass, for instance, pertains to glass that alters its tint or transparency in response to an electrical voltage. These glasses are operated through manual, remote, mobile-based, voice-based, and alternative control systems across various sectors, including transportation, construction, power generation, and more.

The smart glass market research report is one of a series of new reports from The Business Research Company that provides smart glass market statistics, including smart glass industry global market size, regional shares, competitors with a smart glass market share, detailed smart glass market segments, market trends and opportunities, and any further data you may need to thrive in the smart glass industry. This smart glass market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The smart glass market size has grown rapidly in recent years. It will grow from $6.71 billion in 2023 to $7.57 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The expansion observed during the historical period can be credited to swift technological progress, a heightened emphasis on energy efficiency, increased adoption within the construction sector, advancements in IoT integration, and rising demand in the automotive industry.

The smart glass market size is expected to see rapid growth in the next few years. It will grow to $11.51 billion in 2028 at a compound annual growth rate (CAGR) of 11%. The anticipated growth in the forecast period can be ascribed to progress in smart glass technologies, a heightened awareness of energy efficiency, integration with IoT and smart technologies, technological advancements, and government regulations and initiatives. Prominent trends expected in the forecast period encompass technological advancements, a heightened focus on energy efficiency, increased integration with IoT and smart home systems, and an expanding application scope.

The anticipated growth of the smart glass market is closely tied to the expanding construction industry. This sector encompasses activities ranging from planning and designing to constructing and maintaining structures and infrastructure. The construction industry is experiencing growth due to factors such as population expansion, urbanization, economic development, infrastructure projects, technological advancements, and an emphasis on sustainability. Smart glass, with its potential to create more sustainable, comfortable, and technologically advanced buildings, is becoming an appealing choice for the construction industry. For instance, data from the U.S. Census Bureau reveals that total construction spending in the United States was $1,840.9 billion in 2022 and increased to $1,978.7 billion in 2023, marking a notable 7.0% rise. Consequently, the expanding construction industry is a key driver for the smart glass market.

Prominent companies within the smart glass market are strategically focusing on introducing advanced and intelligent solutions, such as smart privacy glass, to gain a competitive advantage. Smart privacy glass technology allows transparent materials such as glass to switch, as needed, from a clear to a shaded or opaque state. In a significant development in November 2023, Kolbe, a U.S.-based window and glass manufacturer, collaborated with Gauzy Ltd, an Israel-based smart glass and ADAS technologies company, to launch a smart privacy glass solution designed for single-family homes. This innovative switchable privacy glass technology incorporates premium polymer dispersed liquid crystal (PDLC) films between glass panes, enabling the smart glass to transition from opaque to transparent with the application of power. Homeowners can control the privacy and shading of their windows and doors through a wall-mounted touch panel, remote control, or home automation system. This cutting-edge technology offers customizable privacy options and is available in white or gray on select Kolbe window and door products, such as VistaLuxe WD LINE direct sets, ultra series casements, awnings, swinging doors, and forgentsSeries all glastra cases.

In February 2022, Gauzy, an Israel-based smart glass manufacturing company, acquired Vision Systems for an undisclosed amount. This acquisition enhances Gauzy's capabilities by providing a comprehensive range of solutions, including light control technologies, shading comfort management systems, and Advanced Driver Assistance Systems (ADAS) solutions, effectively serving diverse industries. Vision Systems, a France-based visual technology company specializing in machine vision systems used in automation, brings valuable expertise to Gauzy's portfolio.

Major companies operating in the smart glass market are Huawei Technologies Co. Ltd., Hitachi Chemical Co. Ltd., General Electric Company, Compagnie de Saint-Gobain S.A., Honeywell International Inc., Ericsson, Merck Group, PPG Industries Inc., AGC Inc., Polytronix Inc., ADT Inc., VELUX Group., Gentex Corporation, Switch Materials Inc., AGP eGlass, Kore Wireless Group, View Inc., Intevac Inc., Kinestral Technologies Inc., Quantum Glass GmbH, SAGE Electrochromics Inc., Soladigm Inc., Gauzy Ltd., Eyrise B.V., Halio Inc., 100Plus Inc., Heliotrope Technologies Inc., Pleotint LLC

Europe was the largest region in the smart glass market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the smart glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the smart glass market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart glass market consists of sales of switchable glass, smart windows, wardrobes, and self-tinting glass. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Smart Glass Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on smart glass market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for smart glass ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The smart glass market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Type: Electrochromic; Suspended Particle Device (SPD); Liquid Crystal; Passive; Other Types
2) By Control System: Manual; Remote; Mobile-based; Voice-based; Other Control Systems
3) By End User: Transportation; Construction; Power Generation; Other End Users
Companies Mentioned: Huawei Technologies Co. Ltd.; Hitachi Chemical Co. Ltd.; General Electric Company; Compagnie de Saint-Gobain S.A.; Honeywell International Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r17223

1. Executive Summary

2. Smart Glass Market Characteristics

3. Smart Glass Market Trends And Strategies

4. Smart Glass Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Smart Glass Market Size and Growth

5.1. Global Smart Glass Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Smart Glass Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Smart Glass Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Smart Glass Market Segmentation

6.1. Global Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Electrochromic
Suspended Particle Device (SPD)
Liquid Crystal
Passive
Other Types
6.2. Global Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Manual
Remote
Mobile-based
Voice-based
Other Control Systems
6.3. Global Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Transportation
Construction
Power Generation
Other End Users

7. Smart Glass Market Regional And Country Analysis

7.1. Global Smart Glass Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Smart Glass Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Smart Glass Market

8.1. Asia-Pacific Smart Glass Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Smart Glass Market

9.1. China Smart Glass Market Overview
9.2. China Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Smart Glass Market

10.1. India Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Smart Glass Market

11.1. Japan Smart Glass Market Overview
11.2. Japan Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Smart Glass Market

12.1. Australia Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Smart Glass Market

13.1. Indonesia Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Smart Glass Market

14.1. South Korea Smart Glass Market Overview
14.2. South Korea Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Smart Glass Market

15.1. Western Europe Smart Glass Market Overview
15.2. Western Europe Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Smart Glass Market

16.1. UK Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Smart Glass Market

17.1. Germany Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Smart Glass Market

18.1. France Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Smart Glass Market

19.1. Italy Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Smart Glass Market

20.1. Spain Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Smart Glass Market

21.1. Eastern Europe Smart Glass Market Overview
21.2. Eastern Europe Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Smart Glass Market

22.1. Russia Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Smart Glass Market

23.1. North America Smart Glass Market Overview
23.2. North America Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Smart Glass Market

24.1. USA Smart Glass Market Overview
24.2. USA Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Smart Glass Market

25.1. Canada Smart Glass Market Overview
25.2. Canada Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Smart Glass Market

26.1. South America Smart Glass Market Overview
26.2. South America Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Smart Glass Market

27.1. Brazil Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Smart Glass Market

28.1. Middle East Smart Glass Market Overview
28.2. Middle East Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Smart Glass Market

29.1. Africa Smart Glass Market Overview
29.2. Africa Smart Glass Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Smart Glass Market, Segmentation By Control System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Smart Glass Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Smart Glass Market Competitive Landscape And Company Profiles

30.1. Smart Glass Market Competitive Landscape
30.2. Smart Glass Market Company Profiles
- 30.2.1. Huawei Technologies Co. Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Hitachi Chemical Co. Ltd.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. General Electric Company
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Compagnie de Saint-Gobain S.A.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Honeywell International Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Smart Glass Market Other Major And Innovative Companies

31.1. Ericsson
31.2. Merck Group
31.3. PPG Industries Inc.
31.4. AGC Inc.
31.5. Polytronix Inc.
31.6. ADT Inc.
31.7. VELUX Group.
31.8. Gentex Corporation
31.9. Switch Materials Inc.
31.10. AGP eGlass
31.11. Kore Wireless Group
31.12. View Inc.
31.13. Intevac Inc.
31.14. Kinestral Technologies Inc.
31.15. Quantum Glass GmbH

32. Global Smart Glass Market Competitive Benchmarking

33. Global Smart Glass Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Smart Glass Market

35. Smart Glass Market Future Outlook and Potential Analysis

35.1 Smart Glass Market In 2028 - Countries Offering Most New Opportunities
35.2 Smart Glass Market In 2028 - Segments Offering Most New Opportunities
35.3 Smart Glass Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer