Smart Glass Market is accounted for USD 3,329 million in 2019, growing at a robust CAGR of 12.4% during forecast period.

Introduction of Smart Glass Market Report

Smart glass, also known as switchable glass, refers to the glass whose light transmission features can be altered when light, voltage, or heat is applied. This type of glass changes from transparent to translucent and vice versa, for blocking the wavelength of light. The global market for smart glass has been categorized on the basis of technology such as smart glass are electrochromic, photochromic, suspended-particle, micro-blind, thermochromic, polymer-dispersed liquid-crystal devices and others.

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The key drivers contributing to the growth of the smart glass market include the strong demand for smart glass for luxury and commercial smart windows and panels and the numerous exceptional features offered by the smart glass. Moreover, the rising implementation of sustainable solutions in the architectural and automotive sectors is another factor that is responsible for the growth of the market in the coming years. Smart glass is being considered important in various end-user sectors due to their technical attributed and distinctive aesthetics. It is increasingly used in the automotive and residential application, due to its ability to offer dynamic phase change in functionalities from legacy weather protection features to seclusion apparatus and advanced-energy conserving.

The recovering automotive production, followed by the growing investment in infrastructure projects and the surging demand in the construction sector, are certain factors that are surging the demand of the market in the coming years. With the rapid urbanization and stringent regulations related to energy efficiency, there has been an increase in the requirement for infrastructure development, which is boosting the demand for smart glass. Various leading players are focusing on research & development activities in order to introduce new features in the smart glass. For instance, in 2018, Fisker Inc., launched an Electric Vehicle Fisker E-Motion with SPD smart glass roof. The company is also planning to introduce SPD smart glass technology for the side windows. The continuous advancement in the smart glass is likely to bring new growth opportunities in the market. On the other hand, the presence of substitutes such as chemical glazes and decals & coatings, is one of the major factors that is hampering the market growth.

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Based on the Technology, the electrochromic segment is predicted to grow at a higher CAGR during the forecast period. This is mainly due to the numerous remarkable advantages offered by this technology such as decreased response time to apply glass effect, provided high blockage ratio of hazardous IR and UV rays, and other benefits. In addition to this, the rising application of smart glasses that are equipped with electrochromic technology, particularly in the automotive and domestic sector, is further energizing the growth of the segment in the market. On the other edge, the SPD segment is expected to lead the market over the next six years, owing to its ability to save more than 25% of the current electrical usage. The overall energy consumption in the commercial and residential building is decreased by controlling the solar radiations through windows that reduce the usage of HVAC energy.

On the basis of the Application, the transportation segment is anticipated to witness a faster CAGR over the forecast period. This is mainly due to the accelerating usage of smart glasses in doors, windows, rear-view mirrors, sunroofs, and windshields of vehicles. Furthermore, the rising requirement for decreasing heat build-up and limiting the viewing degree is another factor that is propelling the demand of the segment in the market. On the other hand, the automotive segment is expected to dominate the market over the forecast period due to the high demand for luxury automobiles, particularly in the Asia-pacific region. Numerous aerospace manufacturers such as The Boeing Company, Airbus SA, Bombardier Inc., and other players, have significantly shifted towards the implementation of electronically dimmable windows. All these factors will have a positive impact on the growing demand of the market.

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Based on the region, North America region is projected to lead the market during the forecast period. The growing number of favorable regulations and mandates is one of the major factors that is driving the growth of the market in this region. The government of U.S. has planned to install the electronics equipment with smart glasses, which will further boost the demand of the market. Moreover, the accelerating production of the automotive sector and the strong presence of key players in North America are some other factors contributing to the market growth in this region.

Various notable players operating in the market include Asahi India Glass Limited, ChromoGenics, Corning Incorporated, DuPont, e-Chromic Technologies, Inc., Gentex Corporation, Guardian Glass LLC, Showa Denko Materials Co., Ltd., Kinestral Technologies, Inc., and Innovative Glass Corporation, among others.

Key Developments: 

• • In 2018, Guardian Glass LLC introduced the future of dynamic shading with Blackout by the touch of a button. This cost-effective, reliable, and integrated solution is specially made for doors and windows.
  • In 2017, Asahi India Glass Limited entered into a joint venture with Kinestral Technologies, Inc., with an aim to create three joint venture companies that will sell, distribute, and service Halio into the global market.

The global Smart Glass Market has been segmented on the basis of Technology, application, and key regions. Based on Technology, the market is segmented into Electrochromic, Polymer Dispersed Liquid Crystal, Suspended Particle Devices, Thermochromic and Photochromic. Based on application, the market is segmented into Consumer Electronics, Architectural, Transportation and Power Generation. 

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Key questions answered in this research report:

• • At what pace is global Smart Glass Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Smart Glass Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Smart Glass Market?
  • Which technology generated maximum revenues in 2019 and identify the most promising technologies during the forecast period?
  • What are the various application areas of global Smart Glass Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2019)	USD 3,329 Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Technology, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Asahi India Glass Limited, ChromoGenics, Corning Incorporated, DuPont, e-Chromic Technologies, Inc., Gentex Corporation, Guardian Glass LLC, Showa Denko Materials Co., Ltd., Kinestral Technologies, Inc., and Innovative Glass Corporation, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Smart Glass Market by Technology

• • Electrochromic
  • Polymer Dispersed Liquid Crystal (PDLC)
  • Suspended Particle Devices (SPD)
  • Thermochromic
  • Photochromic

Global Smart Glass Market by Application

• • Architectural
  • Transportation
    • Automotive
    • Aircraft
    • Marine
  • Consumer Electronics
  • Power Generation

Global Smart Glass Market by Region

• • North America Smart Glass Market (Option 1: As a part of the free 25% customization)
    • By Technology
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Smart Glass Market (Option 2: As a part of the free 25% customization)
    • By Technology
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Smart Glass Market (Option 3: As a part of the free 25% customization)
    • By Technology
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Smart Glass Market (Option 4: As a part of the free 25% customization)
    • By Technology
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Smart Glass Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Asahi India Glass Limited
  • ChromoGenics
  • Corning Incorporated
  • DuPont
  • e-Chromic Technologies, Inc.
  • Gentex Corporation
  • Guardian Glass LLC
  • Showa Denko Materials Co., Ltd.
  • Kinestral Technologies, Inc.
  • Innovative Glass Corporation