The Smart Glass Market Size was valued at USD 8.01 billion in 2022 and is estimated to reach USD 13.67 billion by 2030 with a growing CAGR of 6.9% over the forecast period 2023-2030.
Smart glass is a highly technologically advanced product that can change from clear to opaque quickly. These technologies can help improve indoor productivity by providing an external view and maintaining environmental sustainability. Smart glasses are used in restaurants, hospitals, and residences as well as commercial buildings that are being renovated to make them more economical.
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KEY DRIVERS:
The energy-saving limit of saving glass.
Expanded populace and ascend in interest in foundation projects.
RESTRAINTS:
Specialized misfires in working.
The provisions are fixed because of creation issues.
OPPORTUNITIES:
Developing requirements for reasonable structures.
Expanded extra cash, mechanical redesigns, and prodding an ascent in unique hardware makers (OEMs).
CHALLENGES:
High introductory expenses of R&D and fabricating.
Fabricating process requires profoundly progressed and refined hardware.
Manufacturing facilities and corporate offices for these companies can be found in Asia Pacific, Europe, North America, and the rest of the world. These companies' smart glass products are acquired by a variety of stakeholders for diverse applications. COVID-19 impacted not just the operations of smart glass manufacturing, but also their suppliers and distributors. In the medium term, the drop in export shipments and weak domestic demand for smart glass products compared to pre-COVID-19 levels is projected to have a negative impact on and slightly stagnant demand for smart glass. During the first half of 2020, the major players in this industry have seen the impact of the pandemic on their smart home order intakes.
Based on technology, the smart glass market is divided into Suspended Particle Display, Liquid Crystal, Photochromic, PDLC, Electrochromic, Microblind, Thermochromic and more. The SPD segment controls the global smart and electrochromic glass market to record high growth. The SPD segment is expected to show a significant share of the smart glass market. This is also reflected in the levels of energy consumption in commercial and industrial buildings. Reducing electricity can increase energy savings due to daytime consumption. On the other hand, the electrochromic Technology component is estimated to record high growth rates during the forecast period. Due to its reduced response time for the application of glass effects and high sealing power to UV rays, this component has disposable revenue levels. In addition to this, there is a growing demand for luxury cars under the electrochromic technology component.
Based on application, the smart glass market is divided into Architecture, Power Generation Plants, Transportation, Consumer Electronics & Others. Transportation and power generation is the growing sector in smart glass market.
BY TECHNOLOGY
Suspended Particle Display
Liquid Crystal
Photochromic
PDLC
Electrochromic
Microblind
Thermochromic
BY CONTROL MODE
Dimmers
Remote Control
Switches
Others
BY APPLICATION
Architecture
Power Generation Plants
Transportation
Consumer Electronics & Others
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Given topographical division, the brilliant glass market incorporates North America, South America, Europe, Asia Pacific, Middle-East, and Africa. North America is supposed to acquire a huge development in the impending time frame because of the developing ubiquity and ascend in financing. Besides, viable expenses and reasonableness are bound to bring about a huge development.
The Asia Pacific is bound to bring about a significant development rate in the impending years. Additionally, expansion in the extent of IoT administrations is bound to bring about the advancement of internet providers around here.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The key market players in Global Smart Glass Market are Saint Gobain, Research Frontiers, Agc, Gentex, Corning, Nsg Group, Showa Denko Materials, Gauzy, Smartglass International, Polytronix, Pgw Auto Glass, Agp America, Spd Control Systems, Scienstry, Xinyi Glass, Taiwan Glass, Fuyao Glass, Central Glass, Innovative Glass Corp, Halio, Chromogenics Ab, Miru Smart Technologies and other
Research Frontiers-Company Financial Analysis
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 8.01 Billion |
Market Size by 2030 | US$ 13.67 Billion |
CAGR | CAGR of 6.9% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Technology (Suspended Particle Display, Liquid Crystal, Photochromic, PDLC, Electrochromic, Microblind, Thermochromic) • By Control Mode (Dimmers, Remote Control, Switches, Others) • By Application (Architecture, Power Generation Plants, Transportation, Consumer Electronics & Others) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles |
Saint Gobain, Research Frontiers, Agc, Gentex, Corning, Nsg Group, Showa Denko Materials, Gauzy, Smartglass International, Polytronix, Pgw Auto Glass, Agp America, Spd Control Systems, Scienstry, Xinyi Glass, Taiwan Glass, Fuyao Glass, Central Glass, Innovative Glass Corp, Halio, Chromogenics Ab, Miru Smart Technologies |
Key Drivers | • The energy-saving limit of saving glass. • Expanded populace and ascend in interest in foundation projects |
RESTRAINTS | • Specialized misfires in working. • The provisions are fixed because of creation issues. |
The Smart Glass Market size was valued at 4.7 billion in 2021 at a CAGR of 6.9%.
Expanded extra cash, mechanical redesigns, and prodding an ascent in unique hardware makers (OEMs) are the opportunities in the Smart Glass Market.
The key market players in Global Smart Glass Market are Saint Gobain, Research Frontiers, Agc, Gentex, Corning, Nsg Group, Showa Denko Materials, Gauzy, Smartglass International, Polytronix, Pgw Auto Glass, Agp America, Spd Control Systems, Scienstry, Xinyi Glass, Taiwan Glass, Fuyao Glass, Central Glass, Innovative Glass Corp, Halio, Chromogenics Ab, Miru Smart Technologies, and other players listed in the final report.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Smart Glass Market Segmentation, by technology
8.1Introduction
8.2 Suspended Particle Display
8.3 Liquid Crystal
8.4 Photochromic
8.5 PDLC
8.6 Electrochromic
8.7 Microblind
8.8 Thermochromic
8.9 Other
9. Global Smart Glass Market Segmentation, by control mode
9.1 Introduction
9.2 Dimmers
9.3 Remote Control
9.4 Switches
9.5 Others
10. Global Smart Glass Market Segmentation, By application
10.1 Introduction
10.2 Architecture
10.3 Power Generation Plants
10.4 Transportation
10.5 Consumer Electronics
10.6 Other
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Saint Gobain
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Research Frontiers
12.3 Agc
12.4 Gentex
12.5 Corning
12.6 Nsg Group
12.7 Showa Denko Materials
12.8 Gauzy
12.9 Smartglass International
12.10 Polytronix
12.11 Pgw Auto Glass
12.12 Agp America
12.13 SPD Control Systems
12.14 Scienstry
12.15 Xinyi Glass
12.16 Taiwan Glass
12.17 Fuyao Glass
12.18 Central Glass
12.19 Innovative Glass Corp
12.20 Halio
12.21 Chromogenics Ab
12.22 Miru Smart Technologies
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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