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Smart Glass Market Report by Technology (Thermochromic, Photochromic, Electrochromic, Suspended Particle Device (SPD), Polymer Disperse Liquid Crystal (PDLC), and Others), Control Mode (Dimmers, Switches, Remote Control, and Others), Application (Architectural, Transportation, Consumer Electronics, Power Generation), and Region 2024-2032
Market Report I 2024-04-08 I 137 Pages I IMARC Group
The global smart glass market size reached US$ 6.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.8 Billion by 2032, exhibiting a growth rate (CAGR) of 9.9% during 2024-2032.
Smart glass is a superior-grade glazing glass that is manufactured by arranging and laminating switchable acrylic polycarbonate films. These layers include liquid crystals that filter the level of brightness, heat, and voltage entering through lenses. Smart glass provides instant privacy and enough natural light, prevents ultraviolet (UV) radiations, reduces glare, allows easy cleaning, and enhances the aesthetic appearance of the infrastructure. Along with this, it is secured, easy to install, aesthetically appealing, and requires minimal operational costs; therefore, it is used as electrochromic and envelope glass across various power generation and commercial buildings. Currently, smart glass is available in varying technologies, including thermochromic, photochromic, and suspended particle devices (SPD).
Smart Glass Market Trends:
One of the key factors driving the market growth is the ongoing construction activities and the increasing infrastructural projects, which, in turn, have facilitated the widespread installation of smart glass in various residential and commercial complexes. Such products exhibit energy-saving capacity, which further helps reduce the energy consumption on heating, ventilation, and air conditioning (HVAC) systems. In line with this, the implementation of various green building initiatives by governments, owing to the rising environmental concerns, has further supplemented the product demand to reduce overall carbon footprints. Additionally, considerable expansion in the automotive industry and the escalating need for luxurious vehicles have prompted manufacturers to incorporate smart glass in sun visors, sunroofs, windshields, and rear-view mirrors, which is contributing to the market growth. Moreover, the extensive utilization of suspended particle devices (SPD) glass in the aerospace industry to offer improved aircraft performance, acoustic insulation, and superior heat rejection is impelling the market growth. Apart from this, the advent of floor-to-ceiling glass windows and the uptake of three-dimensional (3D) designs prepositions to ensure optimum thermal insulation are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global smart glass market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on technology, control mode and application.
Breakup by Technology:
Thermochromic
Photochromic
Electrochromic
Suspended Particle Device (SPD)
Polymer Disperse Liquid Crystal (PDLC)
Others
Breakup by Control Mode:
Dimmers
Switches
Remote Control
Others
Breakup by Application:
Architectural
Transportation
Consumer Electronics
Power Generation
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AGC Inc., Asahi India Glass Limited, ChromoGenics AB, Compagnie de Saint-Gobain S.A., Diamond Glass Limited, Gauzy Ltd, Gentex Corporation, Halio Inc., Polytronix Inc., Research Frontiers Inc. and View Inc.
Key Questions Answered in This Report
1. What was the size of the global smart glass market in 2023?
2. What is the expected growth rate of the global smart glass market during 2024-2032?
3. What are the key factors driving the global smart glass market?
4. What has been the impact of COVID-19 on the global smart glass market?
5. What is the breakup of the global smart glass market based on the technology?
6. What is the breakup of the global smart glass market based on the application?
7. What are the key regions in the global smart glass market?
8. Who are the key players/companies in the global smart glass market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smart Glass Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 Thermochromic
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Photochromic
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Electrochromic
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Suspended Particle Device (SPD)
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Polymer Disperse Liquid Crystal (PDLC)
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Control Mode
7.1 Dimmers
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Switches
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Remote Control
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Application
8.1 Architectural
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Transportation
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Consumer Electronics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Power Generation
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 AGC Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Asahi India Glass Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 ChromoGenics AB
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Compagnie de Saint-Gobain S.A.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Diamond Glass Limited
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Gauzy Ltd
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Gentex Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Halio Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Polytronix Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Research Frontiers Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 View Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
Figure 1: Global: Smart Glass Market: Major Drivers and Challenges
Figure 2: Global: Smart Glass Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Smart Glass Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Smart Glass Market: Breakup by Technology (in %), 2023
Figure 5: Global: Smart Glass Market: Breakup by Control Mode (in %), 2023
Figure 6: Global: Smart Glass Market: Breakup by Application (in %), 2023
Figure 7: Global: Smart Glass Market: Breakup by Region (in %), 2023
Figure 8: Global: Smart Glass (Thermochromic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Smart Glass (Thermochromic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Smart Glass (Photochromic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Smart Glass (Photochromic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Smart Glass (Electrochromic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Smart Glass (Electrochromic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Smart Glass (Suspended Particle Device (SPD)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Smart Glass (Suspended Particle Device (SPD)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Smart Glass (Polymer Disperse Liquid Crystal (PDLC)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Smart Glass (Polymer Disperse Liquid Crystal (PDLC)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Smart Glass (Other Technologies) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Smart Glass (Other Technologies) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Smart Glass (Dimmers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Smart Glass (Dimmers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Smart Glass (Switches) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Smart Glass (Switches) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Smart Glass (Remote Control) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Smart Glass (Remote Control) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Smart Glass (Other Control Modes) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Smart Glass (Other Control Modes) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Smart Glass (Architectural) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Smart Glass (Architectural) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Smart Glass (Transportation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Smart Glass (Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Smart Glass (Consumer Electronics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Smart Glass (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Smart Glass (Power Generation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Smart Glass (Power Generation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: North America: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: North America: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: United States: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: United States: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Canada: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Canada: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Asia-Pacific: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Asia-Pacific: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: China: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: China: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Japan: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Japan: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: India: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: India: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: South Korea: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: South Korea: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Australia: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Australia: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Indonesia: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Indonesia: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Others: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Others: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Europe: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Europe: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Germany: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Germany: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: France: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: France: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: United Kingdom: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: United Kingdom: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Italy: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Italy: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Spain: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Spain: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Russia: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Russia: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Others: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Others: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Latin America: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Latin America: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Brazil: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Brazil: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Mexico: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Mexico: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Others: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Others: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Middle East and Africa: Smart Glass Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Middle East and Africa: Smart Glass Market: Breakup by Country (in %), 2023
Figure 84: Middle East and Africa: Smart Glass Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Global: Smart Glass Industry: SWOT Analysis
Figure 86: Global: Smart Glass Industry: Value Chain Analysis
Figure 87: Global: Smart Glass Industry: Porter's Five Forces Analysis
Table 1: Global: Smart Glass Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Smart Glass Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 3: Global: Smart Glass Market Forecast: Breakup by Control Mode (in Million US$), 2024-2032
Table 4: Global: Smart Glass Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Smart Glass Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Smart Glass Market: Competitive Structure
Table 7: Global: Smart Glass Market: Key Players
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