Smart Glass Market Overview:
Global smart glass market size is valued at $2,384 million in 2015 and is expected to reach $8,729 million by 2022, registering a CAGR of 20.4%.
Smart glass controls the transmission properties of light by alterations in heat and voltage. Various types of smart glass include thermochromic, electrochromic, photochromic, suspended particle device (SPD), polymer disperse liquid crystal (PDLC), micro-blinds, and nanocrystal glass. These glasses are majorly used in construction industry in the form of electrochromic windows.
The global smart glass market is segmented based on technology, end-user industry, and geography. According to technology, the smart glass market is categorized into thermochromic, photochromic, electrochromic, suspended particle device (SPD), polymer disperse liquid crystal (PDLC), and others (micro-blinds and nanocrystal glass). On the basis of end-user industry, the smart glass market is classified into transportation, construction, power generation, and others including display glasses at museum artwork exposition and sunglasses.
The global smart glass market is driven by increase in developments in the automotive industry, expansion in the areas of applications, rise in demand for smart glass in construction industry, and extensive advancements. However, high cost of manufacturing smart glass products and lack of awareness about emerging innovations by the service providers hinder the growth of the smart glass market.
Top Investment Pocket
Transportation is projected to be the top investment pocket in the smart glass market owing to rise in adoption of smart glass from the automotive and aerospace industry. Moreover, growth in awareness toward its ability to control heat & glare, reduce carbon emissions, and increase fuel efficiency is projected to propel the adoption of smart glass instead of normal glass in automotive industry.
Geographically, the smart glasses industry is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest share owing to increase in the utilization of suspended particle devices (SPD) and acceleration in the production of smart glass windows. However, Asia-Pacific is expected to show highest growth rate during the forecast period.
Germany accounted for the highest market share in 2015, and is expected to maintain its dominance throughout the forecast period.
Key players in smart glasses industry, that are profiled in this report include Research Frontiers, Inc., View, Inc., SAGE Electrochromics, Inc., Hitachi Chemicals Co. Ltd., Asahi Glass Company Ltd., Smartglass International Ltd., Polytronix, Inc., Schott Corporation, RavenBrick LLC, and Pleotint, LLC.
Other players in the smart glasses industry value chain (not profiled in the report) include Gentex Corp., Active Glass Technologies PLC, Essex Safety Glass Ltd., InvisiShade, LLC, Nippon Sheet Glass Co. Ltd., Domoticware, Essex Safety Glass Ltd., GlasNovations Ltd., Guardian Industries, E. I. du Pont de Nemours and Company, SPD Control Systems Corporation, VELUX Danmark A/S, ChromoGenics, NeoView Kolon, and Glass Apps, LLC.
- Comprehensive analysis of the drivers and restraints that affect the smart glass market growth are provided.
- The report provides quantitative analysis of the current trends and future estimations from 2014 to 2022 to assist the stakeholders in identifying prevalent market opportunities.
- Top investment pockets highlight the opportunity in the most lucrative product segment.
- Key players of the market are profiled and their strategies are analyzed to identify the global competitive outlook.
- Market trends of major countries in each region are mapped according to the projected revenue.
Smart Glass Market Key Segmentation
- Suspended Particle Devices (SPD)
- Polymer Disperse Liquid Crystal (PDLC)
By End-User Industry
- Power Generation
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA