Global Smart Glass Market Size study & Forecast, by Technology (Thermochromic., Photochromic, Electrochromic, Suspended Particle Device, Polymer Disperse Liquid Crystal, Others), by End User Industry (Transportation, Construction, Power Generation, Others

Global Smart Glass Market Size study & Forecast, by Technology (Thermochromic., Photochromic, Electrochromic, Suspended Particle Device, Polymer Disperse Liquid Crystal, Others), by End User Industry (Transportation, Construction, Power Generation, Others) and Regional Analysis, 2023-2030

Global Smart Glass Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Smart glass is a type of glass that can change its properties in response to external stimuli such as voltage, heat, or light. The main feature of smart glass is its ability to switch between transparent and opaque states, providing control over the amount of light, heat, and glare entering a space. This technology offers various applications across different industries. The key factors driving the market growth are the increasing adoption of smart home technologies, growing advancement in construction and architectural industries, and increasing demand from the automotive sector that is anticipated to create the lucrative demand for the market during the forecast period 2023-2030.

Additionally, the growing adoption of smart homes has a significant impact on the growth of the Smart Glass Market. Smart glass can be seamlessly integrated with home automation systems, allowing users to control the transparency or opacity of the glass through voice commands or smartphone apps. As more homes embrace automation for lighting, temperature control, security, and entertainment systems, the demand for smart glass that can be part of these integrated solutions increases. According to Statista, globally the number of smart home users in 2020 was 224.18 million; in 2022 the number reached 307.82 million and it is anticipated to reach 493.55 million by 2025. As a result, the growing adoption of smart homes is anticipated to support the market growth. Moreover, the rising development of sustainable buildings, and expanding applications in automotive, aviation, and marine industries are anticipated to create a lucrative opportunity for the market. However, the high research and development costs stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Smart Glass Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing emphasis on sustainable and energy-efficient solutions, rising awareness of green building technologies, rising adoption of smart homes, and strong presence of key market players. Whereas, the Asia Pacific is expected to grow with the fastest growth rate over the forecast period, owing to factors such as increasing investments in construction and infrastructure, rising awareness of green building technologies, rising disposable income, and growing rapid urbanization.

Major market player included in this report are:
Asahi Glass Co. Ltd
ChromoGenics
Gauzy Ltd and Entities
Gentex Corporation
Halio Inc.
Pleotint LLLC
Ravenbrick LLC
Research Frontiers Inc.
Saint Gobain
Showa Denko Materials Co. Ltd.

Recent Developments in the Market:
 In August 2023, Gauzy Ltd. collaborated with Kolbe, a leading manufacturer of windows and doors, to introduce a comprehensive switchable privacy glass solution tailored for residential use. This collaboration empowers homeowners to seamlessly integrate personalized living spaces with state-of-the-art integrated technology. The solution utilizes Premium Polymer Dispersed Liquid Crystal (PDLC) films, strategically laminated between dual glass panes, offering an innovative and flexible privacy feature designed specifically for residential applications.

Global Smart Glass Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Technology, End User Industry, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Technology:
Thermochromic
Photochromic
Electrochromic
Suspended Particle Device (SPD)
Polymer Disperse Liquid Crystal (PDLC)
Others

By End User Industry:
Transportation
Construction
Power Generation
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Asahi Glass Co. Ltd
ChromoGenics
Gauzy Ltd and Entities
Gentex Corporation
Halio Inc.
Pleotint LLLC
Ravenbrick LLC
Research Frontiers Inc.
Saint Gobain
Showa Denko Materials Co. Ltd

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