Global Market for Smart Glass is Anticipated to grow at a Considerable Pace i.e., USD 7.5 Billion during the Forecast Period 2021-2027

Published Date: Jan, 2022

The global smart glass market is anticipated to grow at a 12.5% CAGR during 2021-2027. The global smart glass market is propelled by the rising advancement in the automotive industry, widely applied in various areas of application like architecture, power generation plants, transportation, consumer electronics, etc., increased demand for smart glass class in the construction industry, ability of smart glass for thermal and acoustic insulation, energy conservation initiatives like green buildings and eco-friendly structures, and aesthetic 3D designer proposition of smart glasses will propel the growth of the market. Smart glasses are a type of computing gadget that extends the features of wearable technology. Furthermore, replacement and renovation activities will drive the growth of the global smart glass market. Nevertheless, the continuous R&D investments and innovation of novel products will create opportunities for growth in the smart glass market.

IoTium, the global provider of secure, cloud-managed, software-defined IoT networks, has been purchased by View, Inc., the leader in smart building platforms and smart windows in July 2021.  Building owners can easily achieve enterprise-grade security, lower operational expenses, and gain real-time access over their entire real estate portfolios using IoTium's easy-to-deploy solutions.

The COVID-19 outbreak has interrupted business processes in various industries around the world, putting the market in jeopardy in 2020. The worldwide smart glass market has been severely harmed by declining automotive sales and fewer investments in the residential construction sector in 2020. As a result of the construction industry's slump, demand for building glass has plummeted further. Furthermore, several trade restrictions across national and international borders gas impacted the glass industry’s global supply chain that has resulted in a decline in sales.

Browse 43 market data Tables and 30 Figures spread through 300 Pages and in-depth TOC on " Smart Glass Market by Technology (Active Glass (Electrochromic, Nanocrystal, Micro Blends, Suspended Particle Device (SPD), Polymer Dispersed Liquid Crystal (PDLC), and Others) and Passive Glass (Photochromic, Thermochromic, and Others)), by End-User Industry (Architectural (Commercial, Educational Buildings, Corporate, Healthcare & Lab Facilities, Retail, and Residential), Transportation (Automotive, Aerospace, Railways, and Marine), Consumer Electronics, Power Generation, and Others), and Region - Global Forecast to 2027"

By technology, electrochromic technology is projected to witness the highest CAGR during the forecast period.

Electrochromic technology is projected to witness a high CAGR during 2021-2027 owing to low driving voltage, high UV and IV ray blockage ratio, and the ability to integrate with large glass panels. Electrochromic glass may be tinted, colored, and made opaque with ease, resulting in adjusting heat and transmitting light as needed. Electrochromic glass is used in a variety of applications, including educational facilities, commercial spaces, hospitals, and retail outlets.

Global Smart Glass Market Segmentation Analysis

Segment

Categorization

Leading Category

Technology

Active Glass (Electrochromic, Nanocrystal, Micro Blends, Suspended Particle Device (SPD), Polymer Dispersed Liquid Crystal (PDLC), and Others) and Passive Glass (Photochromic, Thermochromic, and Others)

Active Glass (Largest)

Electrochromic

(High CAGR)

SPD (Largest)

End-User Industry

Architectural (Commercial, Educational Buildings, Corporate, Healthcare & Lab Facilities, Retail, and Residential), Transportation (Automotive, Aerospace, Railways, and Marine), Consumer Electronics, Power Generation, and Others

Transportation (Largest)

Architectural (Fastest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific (Fastest)

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“Asia-Pacific is anticipated to have the fastest growth during 2021-2027 in the smart glass market.”

Asia-Pacific is expected to have the fastest growth in the smart glass market owing to increased opportunities in the transportation sector, increased awareness regarding energy conservation, adoption of innovative technologies like energy-efficient windows and energy-efficient air conditioners, increased disposable income, and the rising prominence of luxury automobiles in the region.

Some of the major players in the global smart glass market include Saint-Gobain, AGC Inc., GENTEX CORPORATION, View, Inc., Nippon Sheet Glass Co., Ltd, Research Frontiers, Polytronix, Inc., Pleotint LLC., Smartglass International, and INNOVATIVE GLASS CORPORATION.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Technology, End-User Industry, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Saint-Gobain, AGC Inc., GENTEX CORPORATION, View, Inc., Nippon Sheet Glass Co., Ltd, Research Frontiers, Polytronix, Inc., Pleotint LLC., Smartglass International, and INNOVATIVE GLASS CORPORATION

Global Smart Glass Market Coverage

Technology Insight and Forecast 2015-2027

  • Active Glass
    • Electrochromic
    • Nanocrystal
    • Micro Blends
    • Suspended Particle Device (SPD)
    • Polymer Dispersed Liquid Crystal (PDLC)
    • Others
  • Passive Glass
    • Photochromic
    • Thermochromic
    • Others

End-User Industry Insight and Forecast 2015-2027

  • Architectural
    • Commercial
    • Educational Buildings
    • Corporate
    • Healthcare & Lab Facilities
    • Retail
    • Residential
  • Transportation
    • Automotive
    • Aerospace
    • Railways
    • Marine
  • Consumer Electronics
  • Power Generation
  • Others

Geographical Segmentation

Smart Glass Market by Region

North America

  • By Technology
  • By End-User Industry
  • By Country – U.S., Canada, and Mexico

Europe

  • By Technology
  • By End-User Industry
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Technology
  • By End-User Industry
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Technology
  • By End-User Industry
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries