What Has Been The Evolution of the Smart Glass Market in Recent Years?
The smart glass market has seen considerable growth due to a variety of factors.
• In recent years, the size of the smart glass market has experienced rapid expansion. The projected growth stands at an increase from $7.57 billion in 2024 to $8.52 billion in 2025, representing a compound annual growth rate (CAGR) of 12.5%.
This considerable growth during the historic period can be linked to swift progress in technology, a prioritization of energy efficiency, incorporation in the building sector, progress in IoT integration, and increased demand in the automotive industry.
What Is the Forecasted Market Size and Growth Rate for The Smart Glass Market Size In The Coming Years?
The smart glass market is expected to maintain its strong growth trajectory in upcoming years.
• In the ensuing years, the smart glass market is projected to experience swift expansion. The market valuation is predicted to touch $12.68 billion by 2029, registering a compound annual growth rate (CAGR) of 10.5%.
The potent growth predictably stems from the evolution of smart glass technologies, increased understanding of energy efficacy, association with IoT and other advanced technologies, technological headway, and government policies and schemes. During the forecast period, the main trends to notice would be technological progression, emphasis on energy economy, amalgamation with IoT and smart household systems, and a widening application range.
What Factors Are Driving Growth In The Smart Glass Market?
The expansion of the construction industry is predicted to drive the growth of the smart glass market. Construction activities cover all aspects from planning and design, to building and upkeep of structures and infrastructure. Factors such as population growth, urbanization, economic progression, development of infrastructure, advancements in technology, and emphasis on sustainability are all driving growth in the construction industry. Smart glass can aid in establishing buildings that are more technologically progressive, sustainable, and comfortable, which makes it a desirable choice for the construction sector. For example, data from the U.S. Census Bureau, a government agency based in the U.S., showed the total expenditure on construction in 2022 reached $1,840.9 billion. In 2023, this increased to $1,978.7 billion, marking a 7.0% rise. Hence, the expansion of the construction industry is pushing the growth of the smart glass market.
What Are The Main Segments Of The Global Smart Glass Market?
The smart glass market covered in this report is segmented –
1) By Type: Electrochromic, Suspended Particle Device (SPD), Liquid Crystal, Passive, Other Types
2) By Control System: Manual, Remote, Mobile-based, Voice-based, Other Control Systems
3) By End User: Transportation, Construction, Power Generation, Other End Users
Subsegments:
1) By Electrochromic: Electrochromic Glass for Windows, Electrochromic Glass for Architectural and Automotive Applications
2) By Suspended Particle Device (SPD): SPD Glass for Windows, SPD Glass for Skylights and Curtain Walls
3) By Liquid Crystal: Liquid Crystal Display (LCD) Glass, Liquid Crystal Smart Glass for Privacy Control
4) By Passive: Thermochromic Glass, Photochromic Glass
5) By Other Types: Micro Blinds Smart Glass, Nanocrystal Smart Glass
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How Are Emerging Trends Reshaping The Dynamics Of The Smart Glass Market?
In an effort to stay competitive in the smart glass market, primary firms are embarking on the development of advanced and smart solutions such as the smart glass privacy solution. This innovative technology can alter the transparency of glass materials from clear to shaded or opaque as per necessity. As an illustrative example, in November 2023, Kolbe, a US-based entity that manufactures windows and glass, along with Gauzy Ltd., an Israel-based firm specializing in smart glass and ADAS technologies, released a smart privacy glass solution intended for single-family houses. This cutting-edge switchable privacy glass technology integrates superior polymer dispersed liquid crystal (PDLC) films amid glass panes enabling the glass to transition from opaque to transparent through the supply of power. Taking this further, homeowners are provided with the choice to modify the privacy and shading of windows and doors via a wall-mounted touch panel, a remote control, or a home automation system. This technology, which offers customizable privacy settings, comes in white or grey and can be fitted into multiple Kolbe window and door products like VistaLuxe WD LINE direct sets, ultra series casements, awnings, swinging doors, and forgentsSeries all glastra cases.
Who Are the Key Players In The Smart Glass Market?
Major companies operating in the smart glass market are:
• Huawei Technologies Co. Ltd.
• Hitachi Chemical Co. Ltd.
• General Electric Company
• Compagnie de Saint-Gobain S.A.
• Honeywell International Inc.
• Ericsson
• Merck Group
• PPG Industries Inc.
• AGC Inc.
• Polytronix Inc.
• ADT Inc.
• VELUX Group.
• Gentex Corporation
• Switch Materials Inc.
• AGP eGlass
• Kore Wireless Group
• View Inc.
• Intevac Inc.
• Kinestral Technologies Inc.
• Quantum Glass GmbH
• SAGE Electrochromics Inc.
• Soladigm Inc.
• Gauzy Ltd.
• Eyrise B.V.
• Halio Inc.
• 100Plus Inc.
• Heliotrope Technologies Inc.
• Pleotint LLC
What Is The Most Dominant Region In The Smart Glass Market?
Europe was the largest region in the smart glass market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the smart glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
