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The Smart Glass Market size was estimated at USD 10.18 billion in 2023, USD 11.07 billion in 2024, and is expected to grow at a CAGR of 9.27% to reach USD 18.93 billion by 2030 . Speak directly to the analyst to clarify any post sales queries you may have.
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.
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.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.Market Dynamics
The market dynamics represent an ever-changing landscape of the Smart Glass Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.Market Disruption Analysis
The market disruption analysis delves into the core elements associated with market-influencing changes, including breakthrough technological advancements that introduce novel features, integration capabilities, regulatory shifts that could drive or restrain market growth, and the emergence of innovative market players challenging traditional paradigms. This analysis facilitates a competitive advantage by preparing players in the Smart Glass Market to pre-emptively adapt to these market-influencing changes, enhances risk management by early identification of threats, informs calculated investment decisions, and drives innovation toward areas with the highest demand in the Smart Glass Market.Porter’s Five Forces Analysis
The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Smart Glass Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.Value Chain & Critical Path Analysis
The value chain of the Smart Glass Market encompasses all intermediate value addition activities, including raw materials used, product inception, and final delivery, aiding in identifying competitive advantages and improvement areas. Critical path analysis of the <> market identifies task sequences crucial for timely project completion, aiding resource allocation and bottleneck identification. Value chain and critical path analysis methods optimize efficiency, improve quality, enhance competitiveness, and increase profitability. Value chain analysis targets production inefficiencies, and critical path analysis ensures project timeliness. These analyses facilitate businesses in making informed decisions, responding to market demands swiftly, and achieving sustainable growth by optimizing operations and maximizing resource utilization.Pricing Analysis
The pricing analysis comprehensively evaluates how a product or service is priced within the Smart Glass Market. This evaluation encompasses various factors that impact the price of a product, including production costs, competition, demand, customer value perception, and changing margins. An essential aspect of this analysis is understanding price elasticity, which measures how sensitive the market for a product is to its price change. It provides insight into competitive pricing strategies, enabling businesses to position their products advantageously in the Smart Glass Market.Technology Analysis
The technology analysis involves evaluating the current and emerging technologies relevant to a specific industry or market. This analysis includes breakthrough trends across the value chain that directly define the future course of long-term profitability and overall advancement in the Smart Glass Market.Patent Analysis
The patent analysis involves evaluating patent filing trends, assessing patent ownership, analyzing the legal status and compliance, and collecting competitive intelligence from patents within the Smart Glass Market and its parent industry. Analyzing the ownership of patents, assessing their legal status, and interpreting the patents to gather insights into competitors' technology strategies assist businesses in strategizing and optimizing product positioning and investment decisions.Trade Analysis
The trade analysis of the Smart Glass Market explores the complex interplay of import and export activities, emphasizing the critical role played by key trading nations. This analysis identifies geographical discrepancies in trade flows, offering a deep insight into regional disparities to identify geographic areas suitable for market expansion. A detailed analysis of the regulatory landscape focuses on tariffs, taxes, and customs procedures that significantly determine international trade flows. This analysis is crucial for understanding the overarching legal framework that businesses must navigate.Regulatory Framework Analysis
The regulatory framework analysis for the Smart Glass Market is essential for ensuring legal compliance, managing risks, shaping business strategies, fostering innovation, protecting consumers, accessing markets, maintaining reputation, and managing stakeholder relations. Regulatory frameworks shape business strategies and expansion initiatives, guiding informed decision-making processes. Furthermore, this analysis uncovers avenues for innovation within existing regulations or by advocating for regulatory changes to foster innovation.FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Smart Glass Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Smart Glass Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Recent Developments
Korea’s SKC to Invest Up To USD 70 Million in US Smart Glass Firm Halio
SKC, a South Korean company, has announced its plans to invest up to USD 70 million in Halio, a U.S.-based smart glass firm. This investment will catalyze Halio's development and the launch of its smart glass products. With the investment, Halio aims to tap into the global market potential of both augmented reality (AR) and virtual reality (VR) technologies. Through this strategic investment, SKC's CEO recognizes the opportunity to market these cutting-edge technologies worldwide.AGC’s Digital CurtainTM Light Control Glass Adopted for Toyota’s “Century”
AGC, Inc. introduced a groundbreaking product, Digital Curtain, that allows instantaneous control of light transmission and visibility, thus contributing to a spacious and comfortable cabin interior. Digital Curtain reduces the heat and glare of the sunlight and ensures privacy in the dimmed mode (opaque state) while delivering a sense of openness in the transmissive mode.GLASSBEL and HALIO Collaborate to Strengthen Value of Smart Glass for EU and the Middle East Markets
GLASSBEL and HALIO announced a collaborative effort to enhance the value of smart glass in the EU and Middle East markets. The two companies strive to optimize the utilization of smart glass by combining their expertise in intelligent building technology and energy efficiency design. This collaboration is expected to create new avenues for market expansion and elevate customer satisfaction through improved regional service offerings.Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Smart Glass Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.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
- Active
- 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
- Americas
This research report offers invaluable insights into various crucial aspects of the Smart Glass Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
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Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Smart Glass Market, by Type
7. Smart Glass Market, by Control Mode
8. Smart Glass Market, by Application
9. Americas Smart Glass Market
10. Asia-Pacific Smart Glass Market
11. Europe, Middle East & Africa Smart Glass Market
12. Competitive Landscape
13. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- 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
- View, Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 183 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 11.07 Billion |
| Forecasted Market Value ( USD | $ 18.93 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 29 |
