Global Smart Glass Market Size By Technology (Suspended Particle Display, Electrochromic), By Application ( Architecture, Power Generation Plants (Solar)), By Geographic Scope And Forecast

Smart Glass Market Size And Forecast

Smart Glass Market size was valued at USD 4.8 Billion in 2022 and is projected to reach USD 10 Billion by 2030, growing at a CAGR of 8.50% from 2023 to 2030. The increasing adoption of smart glass in automotive applications, supportive government mandates & legislation on energy efficiency, and declining prices for electrochromic material are expected to drive the market during the predicted years. The Global Smart Glass Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that play a substantial role in the market.

Global Smart Glass Market Definition

Smart Glass is a type of fine arts glass that changes its lightweight transmission properties in response to factors like temperature, voltage, or light. These glasses are typically used inside, partitions, windows, and skylights in residential similar to business buildings. Smart glasses are often controlled in each manual and automatic ways. Different types of smart glass embrace thermochromic suspended particle devices (SPD), polymer disperses liquid (PDLC), micro-blinds, electrochromic, photochromic, and nanocrystal glass. They are utilized in applications like design, Power Generation Plants (Solar), Transportation, shopper natural philosophy & Others. The increasing adoption of property solutions within the automotive and fine arts sectors has fuelled the expansion of the Smart Glass Market.

The growing energy-conservation initiatives, like inexperienced buildings and eco-friendly structures, are expected to drive market growth. Besides, a good regulative situation facilitating money and tax edges is additionally expected to completely influence the market house throughout the forecast period. The increasing housing industry in addition to the growing investment in infrastructure comes can considerably contribute to the market growth. The increasing inclination of customers towards changing bricks and cement walls can produce moneymaking growth avenues for the market over the predictable future. The growing trend of huge, floor-to-ceiling glass windows is additionally affirmative product adoption, providing new business opportunities for the makers.

Global Smart Glass Market Overview

Increasing adoption of smart glass in automotive applications and certification government mandates and legislation related to energy efficiency are expected to drive the market in the expected years. Also, the decreasing cost of electrochromic material and architecturally advanced building philosophies involving the installation of large windows are expected to boost the market in the coming years. The natural ability of thermal and acoustic insulation, energy saving, and aesthetic design of 3D smart glasses designer will boost the market in the forecast years.

There are bound constraints and challenges that may hinder the growth of the market. The provision of viable substitutes such as decals and coatings and chemical glazes can act as market restraints. Growing population and increase in urbanization have prompted governments of every developed and developing economy to expand payments to the building and construction sector wherever smart glass is widely used in windows, partitions, skylights, and doors to create an adaptive light atmosphere.

This can be expected to make sharp inroads and increase the demand for smart glass in the growing construction and housing industry. Moreover, the increase in shipping and supply activities and the increasing inflow of foreign direct investment (FDI) has caused the junction rectifier in the automotive sector to witness a large increase in demand wherever smart glass is used in rear and panoramic mirrors, sunroofs, windshields, backlights, and side lights. every major and light vehicle. This issue could completely drive the growth of the smart glass market.

Global Smart Glass Market: Segmentation Analysis

The Global Smart Glass Market is Segmented on the basis of Technology, Application, And Geography.

Smart Glass Market, By Technology

• Suspended Particle Display
• Electrochromic
• Photochromic
• Liquid Crystal
• Micro-Blinds
• Thermochromic

Based on Technology, The market is bifurcated into Suspended Particle Display, Electrochromic, Photochromic, Liquid Crystal, Micro-Blinds, and Thermochromic. The Electrochromic segment is expected to hold the largest market share. These factors can be attributed to its usage in rearview mirrors, switchable windows, and sunroofs.

Smart Glass Market, By

• Application
• Architecture
• Power Generation Plants (Solar)
• Transportation
• Consumer Electronics
• Others

Based on Application, The market is bifurcated into Architecture, Power Generation Plants (Solar), Transportation, Consumer Electronics, and Others. The Transportation segment is anticipated to have the highest CAGR in the forecasted period. The factors can be attributed to applications in vehicle designs due to their benefits such as remote access capacity, antiglare property, and dynamic light emission adjustment properties.

Smart Glass Market, By

• Geography
• North America
• Europe
• Asia Pacific
• Rest of the world

Based on Geography, The Global Smart Glass Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share of the market will be dominated by the UK owing to factors such as rapidly increasing energy costs, technological advancements in this segment, and extreme weather conditions.

Key Players

• The "Global Smart Glass Market" study report will provide valuable insight with an emphasis on the global market including some of the major players such as
• Research Frontiers, Inc., View, Inc., SAGE Electrochromics, Inc., Hitachi Chemicals Co. Ltd., Asahi Glass Company Ltd., Smartglass International Ltd., Polytronix, Inc., Schott Corporation, RavenBrick LLC, and Pleotint, LLC.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Partnerships, Collaborations, and Agreements
• In Feb 2018, Arrow Electronics (US), a global computer solution distribution company and service provider, has agreed with Exposure Is associated to enlarge its distribution channels. The agreement has improved the company's ability to meet the demands of the managed detection and response market via security resellers.
• In June 2019, Kinestra Technologies, Inc. announced an agreement with Vitrum Glass Group, a glass manufacturer, to produce Helio insulating glass components for several commercial initiatives in North America.
• Mergers and Acquisitions
• In July 2021, View, Inc., a major player in smart building platforms and smart windows, announced its acquisition of IoTium, a supplier of secure, cloud-managed, app IoT networks. Building owners can rapidly accomplish enterprise-grade safety, reduce cost, and gain real-time awareness into their entire housing portfolio management
• Product Launches and Product Expansions
• In January 2021, SPD-Smart light control film, which Research Frontiers designed and invented, is an integral part of SPD-SmartGlass products. This film enables users to manage the shading of glass or plastic products instantaneously, precisely, and continuously, either manually or automatically, with the touch of a button. So many vehicles, aircraft, boats, trains, residences, office buildings, exhibitions, and other constructions use Research Frontiers' smart glass innovation.
• In December 2018, AGC was the first in the globe to use pro-glass technology proficient in sustaining a clear field of vision for drivers in the Copen Coupe from Daihatsu Motors.