Smart Glass Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Smart Glass Market
The smart glass market size was valued at USD 4,651.3 million in 2019, and the market is now projected to grow from USD 15,788.0 million by 2027, exhibiting a CAGR of 17.2% during the forecast period of 2020-2027.
Smart glass has faced challenges in the construction and automotive sectors mainly because of some restrictions within the construction and transport industries caused by COVID-19 and low purchasing capacity. However, research and development investments are driving applications in healthcare, such as hospital partitions and smart home and office automation. These advancements are expanding market opportunities, offsetting the decline in traditional sectors. The smart glass market is poised for growth as industries adopt innovative uses. Therefore, the global smart glass market growth is fueled by its use in non-conventional industries and automation technology.
The rising trend of fitted smart glasses such as switchable glass in automotive panels including a sunroof, windscreen and panorama glass is behind the market’s growth. These innovations improve energy efficiency, passenger comfort and privacy and at the same time, are favoured by customers due to the vein of luxury. Rising tourism has further boosted demand for vehicles with advanced glass panels. The smart glass market share is expected to expand as automakers increasingly adopt switchable glass technologies to enhance vehicle appeal and functionality.
Additionally, the aerospace industry's demand for Suspended Particle Device (SPD) glass is rising due to its functionality in larger aircraft windows, which offers passengers glare control, daylight adjustment and enhanced comfort. These glasses improve acoustic insulation, light management and heat rejection, benefiting customer satisfaction and energy efficiency. Their touch-controlled adaptability aligns with the industry's innovation and passenger experience focus. This trend highlights the growing adoption of advanced smart glass in aviation to meet evolving needs.
Comprehensive Analysis of Smart Glass Market
The smart glass market and chemicals & advanced materials industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the chemicals & advanced materials industry. These segmentations are methodically segregated by technology and by application. The technology includes, Polymer Dispersed Liquid Crystal Glass, Suspended Particle Device Glass, Electrochromic Glass, Photochromic Glass and Thermochromic Glass. The application includes, Architectural, Automotive & Transportation, Consumer Electronics, Power Generation and Others.
Europe held the largest market share for smart glass, valued at EUR 1,994.7 million in 2019. The research analysis points to Europe as encompassing the largest market share globally. This is due to the escalation in the use of products from architects and designers to construct the existing infrastructure. It is also driven by increasing automotive production, where switchable glass is used for novelty products such as sunroofs and anti-glare side mirrors.
The top players in the market play a crucial role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include, Saint-Gobain (France), View, Inc. (U.S.), GENTEX Corporation (U.S.), Polytronix, Inc. (U.S.), Smartglass International Limited (Ireland), Glass Apps (U.S.), Scienstry, Inc. (U.S.), AGC Inc. (Japan), Research Frontiers (U.S.), Essex Safety Glass (U.K.), Gauzy Ltd and Entities (Israel), BSG Glass (Thailand), Asahi India Glass Ltd. (India), Schott AG (Germany), Central Glass Co., Ltd. (Japan), Pleotint LLC (U.S.), SPD Control Systems Corporation (U.S.) and Other key players. These market players provide a level-playing competitive landscape.
In March 2021, Smart windows have been installed at 730 Third Avenue in Midtown East, Manhattan. New York’s Local Law 97 wants over 57,000 buildings in the city to cut building-based emissions by 40% in the next decade and owners can now meet some of the demand after the company put up more than 1,100 new smart windows across the whole building. The smart windows will also assist in ensuring that the building retains its status as the LEED Gold Certification.
Segmentation Table
Global Smart Glass Market Scope
Study Period2016-2027
Base Year2019
Forecast Period2020-2027
Growth RateCAGR of 17.2% from 2020 to 2027
Historical Period2016-2018
UnitValue (USD Billion)
SegmentationBy Technology, Application, and Geography
By TechnologyPolymer Dispersed Liquid Crystal (PDLC) Glass
Suspended Particle Device (SPD) Glass
Electrochromic (EC) Glass
Photochromic Glass
Thermochromic Glass
Others
By ApplicationArchitectural
Automotive & Transportation
Consumer Electronics
Power Generation
Others
By RegionNorth America
By Technology
By Application
By Country
U.S.
Canada
Europe
By Technology
By Application
By Country
Germany
France
Italy
Spain
U.K.
Rest of Europe
Asia Pacific
By Technology
By Application
By Country
China
India
Japan
South Korea
Southeast Asia
Rest of Asia Pacific
Rest of the World
By Technology
By Application
By Country
Brazil
Mexico
Turkey
Iran
Others
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Qualitative Insights on Impact of COVID-19 on Global Smart Glass
- 5.1. Supply Chain Analysis & Challenges
- 5.2. Steps taken by Government / Companies to Overcome this Impact
- 5.3. Potential Challenges and Opportunities due to COVID-19 Outbreak
- 6. Global Smart Glass Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Technology (Value)
- 6.2.1.1. Polymer Dispersed Liquid Crystal (PDLC) Glass
- 6.2.1.2. Suspended Particle Device (SPD) Glass
- 6.2.1.3. Electrochromic (EC) Glass
- 6.2.1.4. Photochromic Glass
- 6.2.1.5. Thermochromic Glass
- 6.2.2. By Application (Value)
- 6.2.2.1. Architectural
- 6.2.2.2. Automotive & Transportation
- 6.2.2.3. Consumer Electronics
- 6.2.2.4. Power Generation
- 6.2.2.5. Others
- 6.2.3. By Region (Value)
- 6.2.3.1. North America
- 6.2.3.2. Europe
- 6.2.3.3. Asia Pacific
- 6.2.3.4. Rest of World
- 7. North America Smart Glass Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Technology (Value)
- 7.2.1.1. Polymer Dispersed Liquid Crystal (PDLC) Glass
- 7.2.1.2. Suspended Particle Device (SPD) Glass
- 7.2.1.3. Electrochromic (EC) Glass
- 7.2.1.4. Photochromic Glass
- 7.2.1.5. Thermochromic Glass
- 7.2.2. By Application (Value)
- 7.2.2.1. Architectural
- 7.2.2.2. Automotive & Transportation
- 7.2.2.3. Consumer Electronics
- 7.2.2.4. Power Generation
- 7.2.2.5. Others
- 7.2.3. By Country (Value)
- 7.2.3.1. U.S
- 7.2.3.2. Canada
- 8. Europe Smart Glass Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Technology (Value)
- 8.2.1.1. Polymer Dispersed Liquid Crystal (PDLC) Glass
- 8.2.1.2. Suspended Particle Device (SPD) Glass
- 8.2.1.3. Electrochromic (EC) Glass
- 8.2.1.4. Photochromic Glass
- 8.2.1.5. Thermochromic Glass
- 8.2.2. By Application (Value)
- 8.2.2.1. Architectural
- 8.2.2.2. Automotive & Transportation
- 8.2.2.3. Consumer Electronics
- 8.2.2.4. Power Generation
- 8.2.2.5. Others
- 8.2.3. By Country (Value)
- 8.2.3.1. Germany
- 8.2.3.2. France
- 8.2.3.3. Italy
- 8.2.3.4. Spain
- 8.2.3.5. UK
- 8.2.3.6. Rest of Europe
- 9. Asia-Pacific Smart Glass Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Technology (Value)
- 9.2.1.1. Polymer Dispersed Liquid Crystal (PDLC) Glass
- 9.2.1.2. Suspended Particle Device (SPD) Glass
- 9.2.1.3. Electrochromic (EC) Glass
- 9.2.1.4. Photochromic Glass
- 9.2.1.5. Thermochromic Glass
- 9.2.2. By Application (Value)
- 9.2.2.1. Architectural
- 9.2.2.2. Automotive & Transportation
- 9.2.2.3. Consumer Electronics
- 9.2.2.4. Power Generation
- 9.2.2.5. Others
- 9.2.3. By Country (Value)
- 9.2.3.1. China
- 9.2.3.2. India
- 9.2.3.3. Japan
- 9.2.3.4. South Korea
- 9.2.3.5. Southeast Asia
- 9.2.3.6. Rest of Asia-Pacific
- 10. Rest of World Smart Glass Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Technology (Value)
- 10.2.1.1. Polymer Dispersed Liquid Crystal (PDLC) Glass
- 10.2.1.2. Suspended Particle Device (SPD) Glass
- 10.2.1.3. Electrochromic (EC) Glass
- 10.2.1.4. Photochromic Glass
- 10.2.1.5. Thermochromic Glass
- 10.2.2. By Application (Value)
- 10.2.2.1. Architectural
- 10.2.2.2. Automotive & Transportation
- 10.2.2.3. Consumer Electronics
- 10.2.2.4. Power Generation
- 10.2.2.5. Others
- 10.2.3. By Country (Value)
- 10.2.3.1. Brazil
- 10.2.3.2. Argentina
- 10.2.3.3. Turkey
- 10.2.3.4. Iran
- 10.2.3.5. Others
- 11. Competitive Landscape
- 11.1. Company Profiles (Overview, Products & Services, Recent Developments, Strategies, Financials
- 12. )
- 12.1.1. Saint-Gobain
- 12.1.1.1. Overview
- 12.1.1.2. Description
- 12.1.1.3. Product Portfolio
- 12.1.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.1.5. Recent Developments
- 12.1.2. View, Inc.
- 12.1.2.1. Overview
- 12.1.2.2. Description
- 12.1.2.3. Product Portfolio
- 12.1.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.2.5. Recent Developments
- 12.1.3. GENTEX CORPORATION
- 12.1.3.1. Overview
- 12.1.3.2. Description
- 12.1.3.3. Product Portfolio
- 12.1.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.3.5. Recent Developments
- 12.1.4. Corning
- 12.1.4.1. Overview
- 12.1.4.2. Description
- 12.1.4.3. Product Portfolio
- 12.1.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.4.5. Recent Developments
- 12.1.5. Polytronix, Inc.
- 12.1.5.1. Overview
- 12.1.5.2. Description
- 12.1.5.3. Product Portfolio
- 12.1.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5.5. Recent Developments
- 12.1.6. Smart Glass International Limited
- 12.1.6.1. Overview
- 12.1.6.2. Description
- 12.1.6.3. Product Portfolio
- 12.1.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.6.5. Recent Developments
- 12.1.7. Pleotint LLC
- 12.1.7.1. Overview
- 12.1.7.2. Description
- 12.1.7.3. Product Portfolio
- 12.1.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.7.5. Recent Developments
- 12.1.8. SPD Control Systems Corporation
- 12.1.8.1. Overview
- 12.1.8.2. Description
- 12.1.8.3. Product Portfolio
- 12.1.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.8.5. Recent Developments
- 12.1.9. Glass Apps
- 12.1.9.1. Overview
- 12.1.9.2. Description
- 12.1.9.3. Product Portfolio
- 12.1.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.9.5. Recent Developments
- 12.1.10. AGC Inc.
- 12.1.10.1. Overview
- 12.1.10.2. Description
- 12.1.10.3. Product Portfolio
- 12.1.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.10.5. Recent Developments
- 12.1.11. Research Frontiers
- 12.1.11.1. Overview
- 12.1.11.2. Description
- 12.1.11.3. Product Portfolio
- 12.1.11.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.11.5. Recent Developments
- 12.1.12. Asahi India Glass Ltd.
- 12.1.12.1. Overview
- 12.1.12.2. Description
- 12.1.12.3. Product Portfolio
- 12.1.12.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.12.5. Recent Developments
- 12.1.13. Scienstry, Inc.
- 12.1.13.1. Overview
- 12.1.13.2. Description
- 12.1.13.3. Product Portfolio
- 12.1.13.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.13.5. Recent Developments
- 12.1.14. Essex Safety Glass
- 12.1.14.1. Overview
- 12.1.14.2. Description
- 12.1.14.3. Product Portfolio
- 12.1.14.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.14.5. Recent Developments
- 12.1.15. NSG Group
- 12.1.15.1. Overview
- 12.1.15.2. Description
- 12.1.15.3. Product Portfolio
- 12.1.15.4. Financials (Data as available in public domain and/or on paid databases)
- 13. 11.1.1.5. Recent Developments
- 13.1.
- 13.1.1. Schott AG
- 13.1.1.1. Overview
- 13.1.1.2. Description
- 13.1.1.3. Product Portfolio
- 13.1.1.4. Financials (Data as available in public domain and/or on paid databases)
- 13.1.1.5. Recent Developments
- 13.1.2. Central Glass Co., Ltd.
- 13.1.2.1. Overview
- 13.1.2.2. Description
- 13.1.2.3. Product Portfolio
- 13.1.2.4. Financials (Data as available in public domain and/or on paid databases)
- 13.1.2.5. Recent Developments
- 13.1.3. Gauzy Ltd and Entities
- 13.1.3.1. Overview
- 13.1.3.2. Description
- 13.1.3.3. Product Portfolio
- 13.1.3.4. Financials (Data as available in public domain and/or on paid databases)
- 13.1.3.5. Recent Developments
- 13.1.4. BSG Glass
- 13.1.4.1. Overview
- 13.1.4.2. Description
- 13.1.4.3. Product Portfolio
- 13.1.4.4. Financials (Data as available in public domain and/or on paid databases)
- 13.1.4.5. Recent Developments
- 14. Strategic Recommendations
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