0
2022
Smart Glass Market

Smart Glass Market

by Technology (Thermochromic, Photochromic, Electrochromic, Suspended Particle Device (SPD), Polymer Disperse Liquid Crystal (PDLC), and Others), and End user Industry (Transportation, Construction, Power Generation, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

✷  Report Code: A00854
Pages: 220
Tables: 155
Charts: 64
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.

 

Smart Glass Market Statistics – 2030

The global smart glass market was valued at $4.6 billion in 2020, and is projected to reach $15.1 billion by 2030, growing at a CAGR of 12.6% from 2021 to 2030.

Statement for COVID-19 banner: The smart glass market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on the building & construction, automotive, transportation, aerospace & aviation, and other sectors. According to International Labour Organization (ILO), various construction enterprises across the globe faced liquidity problems owing to operating restrictions and reduced spending capacity.

Smart glass, also known as switchable glass is a glazing glass whose light transmission properties gets altered when light, heat or voltage is applied on it. It is manufactured by laminating a switchable film of polycarbonate or acrylic laminates. It is often installed in the envelope of both residential and commercial buildings for creating a climate adaptive light atmosphere. In addition, it is used as an electrochromic glass in various end use sectors such as automotive, transportation, power generation, aerospace & aviation, and others.

Increased population and rise in investment in infrastructure projects has surged the growth of the building & construction sector where smart glass is widely used in windows, partitions, skylights, and doors for creating adaptive light atmosphere. This may act as one of the key drivers for the growth of the smart glass market during the forecast period. In addition, factors such as increased disposable income, technological upgrades, and spurring rise in original equipment manufacturers (OEMs) have led the automotive sector to witness a significant growth where smart glasses are widely employed in rear and side view mirrors, sunroofs, windshields, backlights, and sidelights. This may augment the growth of the smart glass market.

However, the prices of smart glass have increased over the past few years, as the supplies are tightened due to production issues. Moreover, smart glass industry has undergone many changes and advancements in terms of technologies & applications. This has increased the overall cost of smart glass 2-4 times higher as compared to other conventional glasses. Furthermore, the smart glass manufacturing process requires highly advanced and sophisticated equipment which is often expensive. This restrains the manufacturers with less investment potential to enter into smart glass market. This may hamper the growth of the smart glass market.

On the contrary, increasing awareness towards renewable energy sources has made the customers more linear using solar panels where smart glass acts as an auto-dimming glass for enhancing the heat capturing capacity of solar panels. Furthermore, technological advancements and increasing R&D activities have surged the utilization of photochromic and thermochromic smart glasses in heating and cooling systems of solar power generation plants.This factor is anticipated to increase the sales of smart glass; thus creating lucrative opportunities for the market.

The smart glass market analysis is done on the basis of technology, end user industry, and region. Depending on technology, the market is divided into thermochromic, photochromic, electrochromic, suspended particle device (SPD), polymer disperse liquid crystal (PDLC), and others. On the basis of end user industry, it is fragmented into transportation, construction, power generation, and others.Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

The major companies profiled in this report include Asahi Glass Co. Ltd, ChromoGenics, Gauzy Ltd and Entities, Gentex Corporation, Halio Inc., PleotintLlc, RavenbrickLlc, Research Frontiers Inc., Saint  Gobain and, Showa Denko Materials Co. Ltd.

Smart glass market, by region

The Asia Pacific smart glass market size is projected to grow at the highest CAGR of 14.1% during the forecast period and accounted for 25.5% of smart glass market share in 2020. This is attributed to theincreasing applications of smart glass is sectors such as building & construction, automotive, aerospace, renewable energy plants,and others in the Asia-Pacific region. Moreover, the strong demand for smart glass in countries such as India, China, and others due to different developing application segments has attracted the key players to expand or enter in the region.

Smart Glass Market
By Region

2030
Europe 
North America
Asia-Pacific
LAMEA

Asia-Pacific would exhibit highest CAGR of 14.1% during 2021-2030.

Get more information on this report : Request Sample Pages

Smart glass market, by technology

In 2020, the suspended particle device (SPD) segment was the largest revenuegenerator, and is anticipated to grow at a CAGR of 12.8% during the forecast period. This is attributed to the fact that suspended particle device-based smart glass can be automatically or manually tuned to precisely control the amount of light, glare, and heat passing through it. Moreover, it allows a variable and reversible change in glass transmittance that benefits the privacy and security. This has made customers become more linear toward using suspended particles device (SPD) technology-based smart glasses in windows, skylights, facades and curtain walls.

Smart Glass Market
By Technology

Your browser does not support the canvas element.

Electrochromic is the most lucrative segment

Get more information on this report : Request Sample Pages

Smart glass market, by end user industry

By end user industry, the construction segment dominated the global market in 2020, and is anticipated to grow at a CAGR of 12.4% during the forecast period. This is attributed to rise in urbanization and government expenditure on infrastructural development which in turn has led the building & construction sector to witness a significant growth where smart glass is widely employed in windows, partitions, skylights, doors, and curtain walls to create a climate adaptive light atmosphere. This factor augments the growth of the construction segment in the global smart glass market.

Smart Glass Market
By End Use Industry

Your browser does not support the canvas element.

Transportation is projected as the fastest growing segment

Get more information on this report : Request Sample Pages

Key benefits for stakeholders

  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current smart glass market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Impact Of Covid-19 On The Global Smart Glass Market

  • The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe.
  • The smart glass market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on the building & construction, automotive, transportation, aerospace & aviation, and other sectors. The increasing risk of infection among the workforce has resulted in delayed construction projects amid the COVID-19 scenario where smart glass is widely used in windows, partitions, skylights, doors, and curtain walls to create a climate adaptive light atmosphere. For instance, according to an article published by CNA, the construction Industry Joint Committee (CIJC) has said that the shortage of manpower may lead to delay in construction projects attributed to workplace safety, and other factors.
  • Moreover, several smart glass manufacturers have either shut down or shrank their operations which in turn have resulted in supply chain disruptions.
  • Also, different raw materials for producing smart glass is purchased or hired from other enterprises. The decreased purchasing potential of suppliers has also negatively impacted the market amid the COVID-19 scenario.
  • Furthermore, the COVID-19 pandemic has led to disruptions in transportation, contractual implications problems, labor shortage, and other factors that together have led the smart glass market to witness a downfall. For instance, according to a report published by the Australian Performance of Construction Index (PCI) Survey, the construction activity has dropped by 16.3 points to 21.6 points from March 20201 to August 2020.
  • However, emerging geographic scenarios, enhanced domestic supply chain, and strong public investments are projected to drive the growth of Smart glass market. For instance, according to an interim report for the 2021 Australian infrastructure plan, the Australian Construction Industry Forum (ACIF) expects the construction industry to return to pre-COVID-19 levels by 2022-23, driven by strong public investments.

Smart Glass Market Report Highlights

Aspects Details
By Technology
  • Thermochromic
  • Photochromic
  • Electrochromic
  • Suspended Particle Device (SPD)
  • Polymer Disperse Liquid Crystal (PDLC)
  • Others
By ByEnd User Industry
  • Transportation
  • Construction
  • Power Generation
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, ASEAN, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Argentina, South Africa, Rest of LAMEA)
By Key players in the global smart glassmarket are:
  • Asahi Glass Co. Ltd
  • ChromoGenics
  • Gauzy Ltd and Entities
  • Gentex Corporation
  • Halio Inc.
  • PleotintLlc
  • RavenbrickLlc
  • Research Frontiers Inc.
  • Saint Gobain
  • Showa Denko Materials Co. Ltd.
 

Loading Table Of Content...


 
 

According to CXOs of leading companies, the global smart glass market is expected to exhibit high growth potential. Smart glass is used to create adaptive light environment in residential & commercial buildings, automotive, power generation units, and others. Furthermore, several potential benefits associated with the use of smart glass such as lower operational costs, greater operational efficiency, enhanced productivity, and remote in-service inspections have led customers become more linear toward using smart glass in various end use industries.

In addition, the utilization of smart glass reduces the solar heat gain in building and power generation units by 20-30% that makes it best suited for use in heating & cooling systems. Furthermore, the rapid development of hospitality sector in emerging economies has surged the use of smart glass as privacy screen in bedrooms, guestrooms, and other places.

CXOs further added that sustained economic growth and development of the building & construction sector have increased the popularity of smart glass.

 

 

Purchase Options

Call or Email Us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com
 
Published Date :
Feb 2022
Author(s) : Nikhil M , Eswara P
FREQUENTLY ASKED QUESTIONS?

A. The increasing potential applications of smart glass in several end use sectors such as building & construction, aerospace & aviation, automotive, and others is the key factors boosting the smart glass market growth.

A. The global smart glass market was valued at $4.6 billion in 2022 and is projected to reach $15.12 billion by 2030.

A. Asahi Glass Co. Ltd, ChromoGenics, Gauzy Ltd and Entities, Gentex Corporation, Halio Inc., PleotintLlc, RavenbrickLlc, Research Frontiers Inc., Saint Gobain and, Showa Denko Materials Co. Ltd.are the key players in the global smart glass market.

A. Industries such as transportation, construction, power generation, and others may increase the demand for smart glass.

A. The global smart glass market analysis is done on the basis of technology, end user industry, and region. Depending on technology, the market is divided into thermochromic, photochromic, electrochromic, suspended particle device (SPD), polymer disperse liquid crystal (PDLC), and others. On the basis of end user industry, it is fragmented into transportation, construction, power generation, and others.Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

A. Escalating demand from building & construction sector and increasing demand from automotive sector are the main drivers of the smart glass market.

A. End use industries such as transportation, construction, power generation, and others are expected to drive the adoption of smart glass market during the forecast period.

A. The smart glass market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on the building & construction, automotive, transportation, aerospace & aviation, and other sectors. In 2022, smart glass prices are expected to be higher in Asia-pacific. The price rise will be due to continued regional demand trends and tight product availability. Firm downstream demand for smart glass and stronger upstream costs are expected to sustain the price gain.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Sample
Related Tags

Purchase Full Report of
Smart Glass Market

Start reading instantly.
This Report and over 71,298+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Feb 2023 - Feb 2024)
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2023 - Feb 2024)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2023 - Feb 2024)
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2023 - Feb 2024)
  • Enterprise
    License/PDF

  • $10,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Feb 2023 - Feb 2024)
  • Library
    Membership

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

Related Reports
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time for readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers