USD 5.83 billion
Smart Glass Market Size, Share, Growth Analysis, By Technology (Electrochromic, Suspended Particle Device), By Application (Architecture, Transporation), By Control Systems, By End User Industry, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25K2070 |
Region:
Global |
Published Date: July, 2024
Pages:
157
|Tables:
66
|Figures:
75
Smart Glass Market Insights
Smart Glass Market size was valued at USD 6.24 Billion in 2023 and is poised to grow from USD 6.88 Billion in 2024 to USD 15.09 Billion by 2032, growing at a CAGR of 10.3% during the forecast period (2025-2032).
In recent times, the demand for smart glasses is increasing due to the growing energy-conservation initiatives like green buildings and eco-friendly structures. Furthermore, favorable regulatory scenarios like tax and financial benefits are also positively influencing the growth of the market. Latest trends like the utilization of window structures inside the building, increasing area of glazing, and growing external environment interferences are boosting the smart glass market. Furthermore, the use of 5G has also assisted the smart glass manufacturers to enhance AR experiences. 5G technology has immensely helped the market players to minimize their emphasis on processing power and storage capacity. It has increased the focus on reducing the size of the devices and components allowing vendors to make the sensors versatile embedded with additional sensors in it. Furthermore, the potential to save energy and follow environmental regulations has also increased the demand for energy-efficient smart glasses. The main advantage of smart glasses is reduced sun glares, which results in minimized heat gains, increasing the popularity of smart glasses.
US Smart Glass Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Transportation
Fastest Growth
Transportation
Growth Rate
9.9% CAGR
Global Smart Glass Market ($ Bn)
Country Share for North America Region (%)
To get more reports on the above market click here to Buy The Report
Smart Glass Market Segmental Analysis
Global Smart Glass Market is segmented by technology, application, control systems, end user industry and region. Based on technology, the market is segmented into electrochromic, suspended particle device (SPD), polymer dispersed liquid crystal (PDLC), thermochromic and photochromic. Based on application, the market is segmented into architecture (commercial buildings, residential buildings), transportation (automotive, aerospace, marine), consumer electronics (smart windows, smart mirrors) and power generation (solar panels). Based on control systems, the market is segmented into manual, remote, mobile-based and voice-based. Based on end user industry, the market is segmented into construction, automotive, aerospace, marine, consumer electronics and power generation. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Tinting Technology
Based on tinting technology, the suspended particle device (SPD) is dominating the smart glass market with the largest revenue share. This growth is mainly attributed to the high stability against UV rays. SPD has the potential to block almost 99.5% of visible light, making it ideal for energy control and shading without blocking the views. Furthermore, SPD can be dimmed and tuned by utilizing an automation system and touch panel. This allows users to control the amount of light that can enter the room. It can also mitigate the glare, which minimizes eye strain and offers a comfortable environment. Many SPD can be integrated with personal and public vehicles and smart buildings for minimizing carbon emissions, saving energy, increasing its demand of the segment.
Based on tinting technology, the Polymer dispersed liquid crystal (PDLC) is witnessing the fastest growth in the smart glass market. The PDLC glass is manufactured from smart glazing or film laminated inside two glass panels. The film changes its transparency as a reaction to an electrical signal and the randomly arranged crystals align themselves as a voltage that can be applied throughout the glass panel. It is used for changing the appearance from milky, translucent to a transparent form. Due to this property, PDLC glasses are extremely popular and widely used for the construction of privacy partitions in buildings. Moreover, it is also utilized in automotive glass panels like sunroofs and panoramic windows for controlling the glare and the flow of light within the car chamber. These factors are increasing its demand in the smart glass market.
Analysis by Connectivity
Based on connectivity, the bluetooth segment is witnessing exponential growth with the largest share revenue. This is because Bluetooth’s are easy to use form of connectivity of smart glasses with smartphones and tablets, among other smart devices. In September 2022, Ambrane India Pvt Ltd. launched their Ambrane Glares. It is a type of glass that has an open ear speaker system. Bluetooth V5.1, and many more advanced features. Furthermore, the products are also certified with UV400 UV certification. With more such innovations, this segment will continue to expand soon.
The USB segment is also witnessing the fastest growth in the smart glass market. This growth is primarily due to the availability of better quality of full HD display that can support 3D content with $K resolution. This is boosting the demand of the market. TLC introduced the first generation NXTWEAR G smart glasses. These are embedded with USB type-C connectivity. The product also has Sony OLED lenses which equates to a 140-ich view.
To get detailed analysis on other segments, Request For Free Sample Report
Smart Glass Market Regional Insights
North America is dominating the market with the largest market revenue. This growth is attributed to the innovations in technologies and collaborations of companies in the region. Furthermore, the rising popularity of smart glasses among athletes and fitness enthusiasts in countries like US and Canada is also increasing the demand. Everysight Raptor and Solos Smart Glasses have been particularly designed for cyclists, runners, and triathletes. This is because these glasses assist them to reach their full potential with real time display of information like average speed, heart rate, and more. The strong presence of many prominent market players, like Amazon Inc. and Bose Corporation, is also creating lucrative growth opportunities for the market.
The Asia Pacific region is experiencing the fastest growth in the smart glass market. This is because of the growing automotive and construction sectors in the region. Furthermore, surge in industrialization in China, India, and South Korea is also positively influencing the growth of the market in this region. The demand for these glasses is also increasing in areas like residential and commercial buildings, hospitals, and tourist destinations. These factors are creating immense growth opportunities for companies operating in the market. Furthermore, growth of the regional market has increased due to the demand for high-end automobiles and increased disposable income. In addition, the adoption of energy-efficient windows and air conditioners is also boosted by the region’s increasing awareness of energy conservation, propelling the market growth.
Global Smart Glass Market Market By Geography
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Smart Glass Market Dynamics
Smart Glass Market Drivers
Rising Demand in the Automotive Sector
- Growing inclination toward windows, sunroofs, and mirrors for enhancing the appearance of automobiles will further propel the demand for these high-end glasses. It offered features like tinting and dimming, improving the overall driving experience and increasing energy efficiency by reducing the need for air conditioning.
Increasing Necessity for Privacy in Healthcare and Transportation
- Smart glass is gaining acceptance in healthcare settings owing to the high demand for privacy solutions in hospitals and clinics. Additionally, the need for privacy in transportation components, such as on aircraft windows and in the railway is likely to bolster the growth of the market.
Smart Glass Market Restraints
Initial Upfront Expenses
- Smart glass technologies are relatively expensive compared to conventional glass options. Thus, this upfront initial cost of installation and technology acts as a significant barrier to widespread adoption, especially in residential and smaller commercial applications.
Reduced Life and Reliability Problems
- A few of the smart glass technologies are likely to face challenges related to durability and reliability over time. In addition to this, the shorter lifespan of electrochromic materials or the effect of frequent switching on longevity are concerns limiting the adoption of smart glass. Also, the privacy and security concerns associated with smart glass and the potential for unauthorized access increase demand for robust security measures, especially in sectors like healthcare or corporate environments.
Request Free Customization of this report to help us to meet your business objectives.
Smart Glass Market Competitive Landscape
The prominent players of the market are focusing on business tactics like mergers, partnerships, and acquisitions of their businesses. However, they are also developing advanced smart glasses for attracting a wider customer base and gain a competitive edge in the market. The competition in the market is extremely intense. But technological advancements are enabling companies to save time and expense while increasing efficiency. These factors are expanding the progression of the smart glass market globally.
Smart Glass Market Top Player’s Company Profiles
- AGC Inc.
- ChromoGenics
- Corning Incorporated
- Gauzy Ltd.
- Gentex Corporation
- Guardian Industries
- Kinestral Technologies, Inc.
- Polytronix, Inc.
- Research Frontiers Inc.
- Saint-Gobain S.A.
- Smartglass International Ltd.
- View, Inc.
- Vision Systems
- Pleotint LLC
- RavenBrick LLC
- Scienstry, Inc.
- SPD Control Systems Corporation
- Switch Materials Inc.
- Polytronix Glass
- AGP America S.A.
Smart Glass Market Recent Developments
- In October 2023, Guardian Industries Holdings, LLC launched their SunGuard SNX 70+. It is a triple silver-coated glass that has a visible light transmission of 68% and a solar heat gain coefficient of 0.28 when applied to Guardian UltraClear low-iron glass.
- In February 2023, AGC Inc. and Saint-Gobain collaborated. The goal of this partnership was to design a flat glass line that can minimize CO2 emissions significantly.
- In May 2022, AGC, Inc. manufactured a Low-E coating-based light-control panoramic roof. It will be incorporated in Toyota Motor Corporation’s LEXUS RZ.
Smart Glass Key Market Trends
- Increasing Emphasis on Integration of IoT (Internet of Things): The rise in the integration of IoT technologies to enhance automation and connectivity is creating lucrative opportunities for the growth of the Smart Glass Market. Such integration of technologies enables controlling smart glass through mobile devices, sensors, or other smart building systems.
- Growing Demand for Self-Tinting Technologies: The need for improvement in the speed and efficiency of tinting processes in smart glass is persuading advancements in self-tinting or electrochromic technologies. This is likely to enhance user experience and make smart glasses more responsive to changing environmental conditions.
Smart Glass Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the demand for global smart glass market is growing exponentially in recent times. This is because smart glasses are used for creating adaptive light environment in residential & commercial buildings, automotive, and power generation units. Furthermore, there are many advantages associated with the smart glass like minimized operational expenses, greater operational efficiency, increased productivity, and remote in-service inspections. These have increased its demand among customers, causing a boost in the growth of the smart glass market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.83 billion |
| Market size value in 2031 | USD 13.63 billion |
| Growth Rate | 9.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Smart Glass Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Smart Glass Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Smart Glass Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Smart Glass Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Smart Glass Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Smart Glass Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
