Size of the $10 billion smart glass market, globally, by 2030 at a CAGR of 12.8%: Verified Market Research®

Growing adoption of smart glass in automotive applications, favorable government mandates and legislation for energy efficiency, and declining prices of electrochromic materials are expected to drive the smart glass market.

JERSEY CITY, NJ, August 10, 2022 /PRNewswire/ — Verified Market Research recently released a report, “smart glass marketBy Technology (Suspended Particle Display, Electrochromic, Photochromic), By Application (Architecture, Power Generation Plants (Solar), Transportation), and By Geography. According to verified market research, the smart glass market size was valued at $4.8 billion in 2021 and is expected to reach $10 billion by 2030, growing at a CAGR of 12.8% from 2022 to 2030.

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Overview of the global smart glass market

Growing adoption of smart glass in automotive application and certification government mandates and power output legislation is expected to drive the market in the forecasted years. Furthermore, the falling costs of electrochromic materials and architecturally advanced construction philosophies incorporating the installation of large windows are forecasting an increase in the market in the coming years. Inherent capability of heat and sound insulation, energy conservation, and aesthetic 3D designer proposition of smart glasses is expected to fuel the market over the forecasted years. There are related restraints and challenges that may hinder the growth of the market. The supply of viable substitutes, such as decals and coatings, and chemical enamels are likely to act as market restraints.

Population growth and increased urbanization have compelled governments in every developed and developing economy to extend payment to the building and construction sector wherever smart glass is widely used in windows, partitions, skylights and doors to create an adaptive light atmosphere. This can be expected to penetrate and strongly drive the demand for smart glass in the growing building and housing sector. Additionally, increased transport and supply activities and increased inflow of foreign direct investment (FDI) have caused the automotive sector‘s junction rectifier to witness a major increase in demand wherever smart glass is used in rear and panoramic mirrors, sunroofs, windshields, backlights and side lamps. of each vehicle of significant and light weight. This issue might completely boost the growth of the Smart Glass Market.

Key developments

  • In February 2018, Arrow Electronics (USA), a global IT solutions distribution company and service provider, has agreed with Exposure Is Associate to expand its distribution channels. The agreement enhanced the company’s ability to meet market demands for managed detection and response through security vendors.
  • In July 2021, View, Inc., a leading player in smart building platforms and smart windows, announced its acquisition of IoTium, a provider of secure, cloud-managed IoT networks. Building owners can quickly implement enterprise-grade security, reduce costs, and gain real-time insight into the management of their entire housing portfolio.
  • In December 2018AGC was the first in the world to use pro-glass technology capable of maintaining a clear field of vision for drivers of Daihatsu Motors’ Copen Coupe.

Key players

The major market players are Research Frontiers, Inc., View, Inc., SAGE Electrochromics, Inc., Hitachi Chemicals Co. Ltd., Asahi Glass Company Ltd., Smartglass International Ltd., Polytronix, Inc., Schott Corporation, RavenBrick LLC and Pleotint, LLC.

Verified Market Research has segmented the global smart glass market on the basis of technology, application, and geography.

  • Smart Glass Market, By Technology
    • Display of suspended particles
    • Electrochromic
    • Photochromic
    • Crystal Liquid
    • Micro blinds
    • Thermochromic
  • Smart Glass Market, By Application
    • Architecture
    • Power generation plants (solar)
    • Transportation
    • Consumer electronics
    • Others
  • Smart Glass Market, By Geography
    • North America
    • Europe
      • Germany
      • France
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • LINE
      • Middle East & Africa
      • Latin America

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Electrically Active Smart Glass & Windows Market By Product (Electrochromic, Thermochromic, SPD, PDLC (Polymer Dispersed Liquid Crystal) Smart Glass), By Application (Commercial Buildings, Residential Buildings, Automotive & Transportation), By Geography, Forecast, 2021 -2028

The best smart glass manufacturers work in synergy towards a sustainable future

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