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Smart Glass - Global Market Trajectory & Analytics

  • ID: 3440907
  • Report
  • July 2020
  • Region: Global
  • 204 pages
  • Global Industry Analysts, Inc
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Global Smart Glass Market to Reach $10.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Smart Glass estimated at US$4.2 Billion in the year 2020, is projected to reach a revised size of US$10.9 Billion by 2027, growing at a CAGR of 14.7% over the analysis period 2020-2027. Electrochromic, one of the segments analyzed in the report, is projected to record a 15.7% CAGR and reach US$4.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the SPD segment is readjusted to a revised 13.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 14.1% CAGR

The Smart Glass market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2027 trailing a CAGR of 14.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.1% and 12.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR.

PDLC Segment to Record 14.9% CAGR

In the global PDLC segment, USA, Canada, Japan, China and Europe will drive the 14.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$799.8 Million in the year 2020 will reach a projected size of US$2.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2027.We bring years of research experience to this 17th edition of our report. The 204-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Active Glass Technologies
  • Asahi Glass Company Ltd.
  • Asahi India Glass Ltd. (AIS)
  • Clayton Glass Ltd.
  • Corning, Inc.
  • Essex Safety Glass Ltd.
  • Flat Glass Industries Ltd.
  • Gentex Corporation
  • Glass Apps, LLC
  • Guardian Industries
  • Intelligent Glass
  • InvisiShade, LLC
  • Nippon Sheet Glass Co., Ltd.
  • RavenWindow
  • Research Frontiers Inc.
  • SAGE Electrochromics, Inc.
  • Schott Corporation
  • Smartglass International Limited
  • Vario Glass, Inc.
  • View, Inc.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Smart Glass: Creating Intelligent Windows and Enabling Need Driven Multi-Functional Spaces

Recent Market Activity

Strong Growth Predicted for Smart Glass over the Next Few Years

Growth Drivers in a Nutshell

Key Growth Restraints

Super Windows for Energy Efficiency

Developed Markets Dominate, while Developing Markets Drive Growth

China: The Fastest Growing Smart Glass Market Worldwide

Transportation: The Largest and the Fastest Growing Application Sector

Electrochromic Glass Adoption Growing Globally

Global Competitor Market Shares

Smart Glass Competitor Market Share Scenario Worldwide (in %): 2018 & 2029

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

Active Glass Technologies PLC (UK)

Asahi Glass Company Ltd. (Japan)

Asahi India Glass Ltd. (AIS) (India)

Clayton Glass Ltd. (UK)

Corning, Inc. (USA)

Essex Safety Glass Ltd. (UK)

Flat Glass Industries Ltd. (Australia)

Gentex Corporation (USA)

Glass Apps, LLC (USA)

Guardian Industries (USA)

Hitachi Chemical Group (Japan)

Intelligent Glass (UK)

InvisiShade, LLC (USA)

Nippon Sheet Glass Co., Ltd. (Japan)

Pleotint, LLC (USA)

RavenWindow (USA)

Research Frontiers Incorporated (USA)

Saint-Gobain SA (France)

SAGE Electrochromics, Inc. (USA)

Schott Corporation (USA)

Scienstry, Inc. (USA)

Smart Glass Country (Canada)

SmartGlass International Limited (Ireland)

Vario Glass, Inc. (Canada)

View, Inc. (USA)

3. MARKET TRENDS & DRIVERS

Myriad Benefits Offered by Smart Glass Windows Drive Widespread Adoption in Architectural Applications

List of Exterior, Interior, and Projection Applications of Smart Glass in the Architectural Sector

Smart Windows Offers Several Benefits to Building Owners

Novel Smart Window Technology for the Building Retrofit Segment

Towards Sustainable Building Materials and Building Methods

Positive Outlook for the Global Construction Offers Growth Opportunities

Focus on Energy Efficiency, Better Fuel Economy, and Improved Vehicle Designs Drive Robust Demand in the Automotive Industry

Self-Cleaning and Self-Repairing Applications Gain Momentum

Smart Glass to Provide Social Networking and Entertainment Features in Vehicles

Smart Mirrors Dominate Smart Glass Applications in Automobiles

Electrochromic Technology Dominates Smart Mirrors Application

Self-Tinting in Automobiles: SPD-Based Smart Glass Rules the Market

Niche Active Smart Window Technologies Offers Untapped Market Potential

Lightweight Smart Glass: First-Choice Materials in Connected Cars

Recovering Global Automobiles Production: An Important Opportunity Indicator

Growing Concerns with Regard to Energy Loss Drive Demand for Switchable Smart Glass in Varied Applications

Switchable Privacy Glass Panels

Boardrooms and Conference Rooms

Residential Front Doors

Operating Theaters and Hospital Wards

Prisons and Detention Rooms

Retail Displays

Financial Institutions

Use of Privacy Glass Walls in Commercial and Residential Spaces Gain Momentum

Designs for Living Room

Bedroom Design

Bathroom Design

Restaurant and Bar Design

Contemporary Office Designs

Growing Trend towards Green/LEED Buildings Offer Lucrative Market Growth Opportunities

Spiraling Electricity Usage and Resulting Energy Costs Spur Demand for Automatic Tinting Windows in the Building Sector

Tinted Smart Glass Technology Revolutionizes Interior Design & Decor

Customization of Designs to Suit Brand Color

Experimenting with Patterns

Complementing Existing Color Schemes

Creating Roofs that Enrich Sky’s Natural Color

Customization of Color of Floor Glasses

Customizing Colors to Complement Prevailing Weather

Color Tints Options in Privacy Smart Glass

Superior Attributes of Active Smart Glass Promote Higher Growth than Passive Types

Comparison of Active Smart Glass Technologies

Aesthetics: The Fundamental Factor behind the Huge Popularity of Smart Windows

Electrochromics and SPD: Leading Smart Glass Technologies

PDLC Active Smart Glass Penetration Marred by Limited Capabilities

Development of PDLC Technology

Active smart glasses respond to electrical stimulus

LCDs are today omnipresent

Self-Adhesive-Switchable PDLC Film and Laminated-Switchable PDLC Glass

Smart Windows in Aircrafts Enable Efficient Management of Light and Glare

Smart Glass Solutions to Revolutionize the Air Travel Experience

Smart Glass for Smart Yachts

Smart Glass to Witness Large-Scale Adoption in the Electronics Sector

Rising Popularity of Multiple Entertainment Displays Drive Smart Glass Demand in High-Performance Immersion Wall

Growing Applications of Smart Glass in the Healthcare Sector Lends Traction to Market Growth

Application of Smart Glass in Solar Panels to Open up New Growth Avenues

Rising Investments in Infrastructure Projects Strengthens Market Prospects

Key Factors Hampering Widespread Adoption of Smart Glass

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Smart Glass Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Smart Glass Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Electrochromic (Technology) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 4: Electrochromic (Technology) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
TABLE 5: SPD (Technology) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 6: SPD (Technology) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
TABLE 7: PDLC (Technology) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 8: PDLC (Technology) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
TABLE 9: Other Technologies (Technology) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 10: Other Technologies (Technology) Market Share Breakdown by Region/Country: 2020 VS 2027
TABLE 11: Transportation (Application) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 12: Transportation (Application) Distribution of Global Sales by Region/Country: 2020 VS 2027
TABLE 13: Architectural (Application) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027
TABLE 14: Architectural (Application) Global Market Share Distribution by Region/Country for 2020 and 2027
TABLE 15: Other Applications (Application) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 16: Other Applications (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Smart Glass Market Share (in %) by Company: 2018 & 2025

Market Analytics
TABLE 17: Smart Glass Market in US$ Million in the United States by Technology: 2020-2027
TABLE 18: United States Smart Glass Market Share Breakdown by Technology: 2020 VS 2027
TABLE 19: United States Smart Glass Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
TABLE 20: Smart Glass Market Share Breakdown in the United States by Application: 2020 VS 2027

CANADA

TABLE 21: Smart Glass Market Analysis in Canada in US$ Million by Technology: 2020-2027
TABLE 22: Canadian Smart Glass Market Share Breakdown by Technology: 2020 VS 2027
TABLE 23: Canadian Smart Glass Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 24: Canadian Smart Glass Market Share Analysis by Application: 2020 VS 2027

JAPAN

TABLE 25: Japanese Medium & Long-Term Outlook for Smart Glass Market in US$ Million by Technology: 2020-2027
TABLE 26: Japanese Smart Glass Market Percentage Share Distribution by Technology: 2020 VS 2027
TABLE 27: Japanese Demand Estimates and Forecasts for Smart Glass in US$ Million by Application: 2020 to 2027
TABLE 28: Smart Glass Market Share Shift in Japan by Application: 2020 VS 2027

CHINA

TABLE 29: Smart Glass Market Estimates and Forecasts in China in US$ Million by Technology: 2020-2027
TABLE 30: Smart Glass Market in China: Percentage Share Analysis by Technology for 2020 and 2027
TABLE 31: Chinese Demand for Smart Glass in US$ Million by Application: 2020 to 2027
TABLE 32: Chinese Smart Glass Market Share Breakdown by Application: 2020 VS 2027

EUROPE

Market Facts & Figures

European Smart Glass Market: Competitor Market Share Scenario (in %) for 2018 & 2025

Market Analytics
TABLE 33: European Smart Glass Market Demand Scenario in US$ Million by Region/Country: 2018-2025
TABLE 34: European Smart Glass Market Share Shift by Region/Country: 2020 VS 2027
TABLE 35: European Smart Glass Market Assessment in US$ Million by Technology: 2020-2027
TABLE 36: Smart Glass Market in Europe: Percentage Breakdown of Sales by Technology for 2020 and 2027
TABLE 37: European Smart Glass Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 38: European Smart Glass Market Share Analysis by Application: 2020 VS 2027

FRANCE

TABLE 39: French Smart Glass Market Estimates and Projections in US$ Million by Technology: 2020-2027
TABLE 40: French Smart Glass Market Share Breakdown by Technology: 2020 VS 2027
TABLE 41: Smart Glass Quantitative Demand Analysis in France in US$ Million by Application: 2020-2027
TABLE 42: French Smart Glass Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027

GERMANY

TABLE 43: German Smart Glass Latent Demand Forecasts in US$ Million by Technology: 2020-2027
TABLE 44: German Smart Glass Market Share Breakdown by Technology: 2020 VS 2027
TABLE 45: Smart Glass Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2020-2027
TABLE 46: Smart Glass Market Share Distribution in Germany by Application: 2020 VS 2027

ITALY

TABLE 47: Smart Glass Market Estimates and Forecasts in Italy in US$ Million by Technology: 2020-2027
TABLE 48: Smart Glass Market in Italy: Percentage Share Analysis by Technology for 2020 and 2027
TABLE 49: Italian Demand for Smart Glass in US$ Million by Application: 2020 to 2027
TABLE 50: Italian Smart Glass Market Share Breakdown by Application: 2020 VS 2027

UNITED KINGDOM

TABLE 51: United Kingdom Medium & Long-Term Outlook for Smart Glass Market in US$ Million by Technology: 2020-2027
TABLE 52: United Kingdom Smart Glass Market Percentage Share Distribution by Technology: 2020 VS 2027
TABLE 53: United Kingdom Demand Estimates and Forecasts for Smart Glass in US$ Million by Application: 2020 to 2027
TABLE 54: Smart Glass Market Share Shift in the United Kingdom by Application: 2020 VS 2027

REST OF EUROPE

TABLE 55: Rest of Europe Smart Glass Market Assessment in US$ Million by Technology: 2020-2027
TABLE 56: Smart Glass Market in Rest of Europe: Percentage Breakdown of Sales by Technology for 2020 and 2027
TABLE 57: Rest of Europe Smart Glass Addressable Market Opportunity in US$ Million by Application: 2020-2027
TABLE 58: Rest of Europe Smart Glass Market Share Analysis by Application: 2020 VS 2027

ASIA-PACIFIC

TABLE 59: Asia-Pacific Smart Glass Market Estimates and Projections in US$ Million by Technology: 2020-2027
TABLE 60: Asia-Pacific Smart Glass Historic Market Analysis in US$ Million by Technology: 2020 VS 2027
TABLE 61: Smart Glass Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2020-2027
TABLE 62: Asia-Pacific Smart Glass Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027

REST OF WORLD

TABLE 63: Smart Glass Market Analysis in Rest of World in US$ Million by Technology: 2020-2027
TABLE 64: Rest of World Smart Glass Market Share Breakdown by Technology: 2020 VS 2027
TABLE 65: Rest of World Smart Glass Market Quantitative Demand Analysis in US$ Million by Application: 2020 to 2027
TABLE 66: Rest of World Smart Glass Market Share Analysis by Application: 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 102

Note: Product cover images may vary from those shown
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