How Big is the Smart Glass Market?

The Global Smart Glass Market size was valued at USD 6.2 Billion in 2023 & is estimated to grow at a CAGR of around 15.12% during the forecast period, i.e., 2024–30. The market growth is attributed to rising government investment toward the adoption of renewable energy sources such as solar power, which has spurred the demand for smart glass as it is used in photovoltaic panels. Moreover, the sharp growth in demand for smart devices and electronic gadgets worldwide, the burgeoning inclination toward the development of green and eco-friendly buildings, and the extensive demand for smart glasses in transportation industries such as automobile, aerospace, and aviation are proliferating the growth of the Global Smart Glass Market.

Market Statistics

  • Market Size in 2023: USD 6.2 Billion
  • Market Growth Rate (CAGR): 15.12% from 2024-2030

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Smart Glass Market Insight:

Driver-

Surge in Urbanization & Infrastructural Development Augmenting Demand for Smart Glass – Growing urbanization has led to the expansion of cities as well as a massive migration of population from rural to urban spaces. With urbanization in developing regions such as Asia-Pacific, the Middle East, and Africa, the construction of residential & commercial spaces has grown extensively. Subsequently, this enhances the need for smart glass in commercial buildings, residential properties, transportation infrastructure, and public spaces. According to the United Nations Conference on Trade and Development (UNCTAD), 57% of the total world population lived in urban areas in 2021, which is further expected to rise to nearly 68% by 2030, leading to the enhancement of commercial & residential construction in the coming years.

Furthermore, rising government initiatives supporting the residential sector include providing capital & financing push to the buyers as well as the real estate developers to fuel the construction activities. The respective support by the government in developing regions such as the Middle East, Asia-Pacific, South America, etc., to expand home ownership among the citizens is another crucial aspect, driving demand for smart glass in the respective regions.

 Smart Glass Market Segmentation:

The report has segmented the market into the following categories:

By Technology

  • Electrochromic- Market Size & Forecast 2019-2030F, (USD Million)
  • Suspended Particle Devices- Market Size & Forecast 2019-2030F, (USD Million)
  • Liquid Crystal- Market Size & Forecast 2019-2030F, (USD Million)
    • Polymer Dispersed Liquid Crystals (PDLCS) – Market Size & Forecast 2019-2030F, (USD Million)
    • Twisted Nematic (TN) Liquid Crystals – Market Size & Forecast 2019-2030F, (USD Million)
  • Thermochromic- Market Size & Forecast 2019-2030F, (USD Million)
  • Photochromic- Market Size & Forecast 2019-2030F, (USD Million)
  • Micro-Blinds- Market Size & Forecast 2019-2030F, (USD Million)
  • Others- Market Size & Forecast 2019-2030F, (USD Million)

By Mechanism

  • Active- Market Size & Forecast 2019-2030F, (USD Million)
  • Passive- Market Size & Forecast 2019-2030F, (USD Million)

By Control Systems

  • Manual- Market Size & Forecast 2019-2030F, (USD Million)
  • Remote- Market Size & Forecast 2019-2030F, (USD Million)
  • Mobile-based- Market Size & Forecast 2019-2030F, (USD Million)
  • Voice-based- Market Size & Forecast 2019-2030F, (USD Million)

By End User

  • Architecture- Market Size & Forecast 2019-2030F, (USD Million)
    • Residential- Market Size & Forecast 2019-2030F, (USD Million)
    • Commercial- Market Size & Forecast 2019-2030F, (USD Million)
  • Transportation- Market Size & Forecast 2019-2030F, (USD Million)
    • Automotive- Market Size & Forecast 2019-2030F, (USD Million)
    • Aerospace- Market Size & Forecast 2019-2030F, (USD Million)
    • Marine- Market Size & Forecast 2019-2030F, (USD Million)
  • Power Generation Plants- Market Size & Forecast 2019-2030F, (USD Million)
  • Consumer Electronics & Others- Market Size & Forecast 2019-2030F, (USD Million)

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

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Competitive Landscape:

  • Asahi Glass Co. Ltd. (AGC Inc.)
  • Smartglass International Ltd.
  • ChromoGenics AB
  • Corning, Inc.
  • Guardian Glass LLC.
  • Innovative Glass Corporation
  • HALIO Inc.
  • Schott AG
  • View Inc.
  • Saint-Gobain SA
  • Merck KGaA
  • Research Frontiers Inc.
  • Nippon Steel Glass (NSG) Group

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Other Report:

Key Highlights of the Report:

  • Market Performance (2024-2030)
  • Strategic Recommendations
  • Current, Historical and Future Market Trends
  • Market Drivers and Leading Competitor
  • SWOT Analysis
  • Structure of the Market
  • Comprehensive Mapping and Recent Advancement

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