Increasing Urbanization and Rising Focus on Green Buildings Driving Demand for Smart Glass Worldwide
Smart Glass Market
Smart Glass Market
Dublin, Jan. 14, 2025 (GLOBE NEWSWIRE) — The “Smart Glass Markets and Technologies” report has been added to ResearchAndMarkets.com’s offering.
The Smart Glass Market was valued at USD 6.2 billion in 2024, and is expected to reach USD 10.8 billion by 2029, rising at a CAGR of 11.70%.
The global market for smart glass has recorded positive growth during the past few years and is expected to grow at an increased pace in the forecast period through 2029. Active smart glass requires an external energy source (e.g., electricity) to change its properties, while passive smart glass does not. Passive smart glass relies on inherent properties of the materials or coatings used, such as photochromic or thermochromic properties, that allow it to respond to external stimuli without requiring electricity. The market has a dominant position on active smart glass because of its wide applications and flexible properties.
The market has continued to expand as a result of the growth of its primary end-use industries (automotive and construction). In addition, technological advances and supportive government intervention play a key role in boosting the overall market growth over the forecast period. The automotive, aerospace and construction industries accounted for a combined 85.7% of the share of the total smart glass market in terms of applications.
Regionally, this report shows that Europe accounted for the highest market share, followed by North America and Asia-Pacific. The European market is gaining interest in smart glass, due to strict government regulations related to energy-efficient buildings and easy technological integration with existing or new infrastructure at the consumers’ end.
The competitive landscape of the smart glass industry shows that the market is concentrated with a few companies holding a significant market share in flat glass. Well-established companies are leading the market because of long-term R&D investments and a strong hold on the supply chain. In the smart glass industry, regulatory compliance also plays a key role. The application of smart glass in public and government institutions requires that companies cater to regulatory requirements related to such technologies as digital security and high-grade privacy glass. Therefore, companies are required to abide by quality standards fixed by government institutions.
Report Scope
The scope of this in-depth report on the global market for smart glass includes only the categories of switchable glass that change tint when exposed to external stimuli such as light and heat. The scope excludes smart glasses integrated with technology and generally identified in the category of smart wearable technology. The base year of the analysis is 2023, with 2024 to 2029 serving as the forecast period. The market is segmented by:
Type: Active and passive
Technologies: Electrochromic, suspended particle devices, polymer dispersed liquid crystal, micro blinds, photochromic glass, thermochromic glass, and others (nanocrystals and digital images)
End user: Automotive and aircraft, construction, electronics, power generation plants, and others (consumer products and medical devices)
The report includes:
61 data tables and 56 additional tables
Analyses of trends in the global market for smart glass, with sales data for 2023, estimates for 2024, and projections of compound annual growth rates (CAGRs) through 2029
Estimates and forecasts of the market for smart glass by type, technology, end-use industry, and region
Review of patent data and new developments regarding smart glass
A discussion of the ESG challenges and practices of the industry
Assessment of the competitive landscape, including the market shares of leading companies, their product portfolios and financial overviews
Information on recent mergers and acquisitions, expansions, collaborations, investments, divestments and product launches
Profiles of the market leaders, including Corning Inc., AGC Inc., FG Glass, Saint-Gobain and Halio Inc.
Key Attributes
Report Attribute
Details
No. of Pages
129
Forecast Period
2024-2029
Estimated Market Value (USD) in 2024
$6.2 Billion
Forecasted Market Value (USD) by 2029
$10.8 Billion
Compound Annual Growth Rate
11.7%
Regions Covered
Global
Key Topics Covered
Chapter 1 Executive Summary
Market Outlook
Scope of Report
Market Summary
Chapter 2 Market Overview
Overview
Functions
Difference Between Conventional Glass and Smart Glass
Overview of the Glass Industry
Flat Glass
Container Glass
Continuous Filament Glass Fiber
Domestic Glass
Special Glass
Chapter 3 Market Dynamics
Market Drivers
Macro Factor: End-use Industries Growth
Increasing Urbanization
Rising Focus on Green Buildings
Market Restraints and Challenges
Low Rate of Glass Recycling
Raw Material Shortage
Market Opportunity
Government Intervention and Supportive Policies
Chapter 4 Emerging Technologies and Developments
Sustainable Manufacturing – Technology and Process
Self-repairing Technology
Gasochromic Glass
Patent Analysis
Significance of Patents
Patent Analysis Based on Country of Origin
Patent Analysis Based on Applicants
Patent Analysis Based on Year Issued
Chapter 5 Market Segmentation Analysis
Segmentation Breakdown
Market Analysis by Type
Active Smart Glass
Passive Smart Glass
Market Analysis by Technology
Electrochromic
Suspended Particle Devices
Polymer Dispersed Liquid Crystal (PDLC)
Micro Blinds
Photochromic
Thermochromic
Other Technologies
Market Analysis by End-Use Industry
Construction
Automotive and Aircraft
Electronics
Power Generation Plants
Other End-Use Industries
Geographic Breakdown
Market Analysis by Region
North America
Europe
Asia-Pacific
Rest of the World (RoW)
Chapter 6 Competitive Intelligence
Industry Structure
Market Ranking Analysis
Strategic Analysis
Product Launches
Expansion
Chapter 7 Sustainability in the Smart Glass Industry: An ESG Perspective
Importance of ESG in the Smart Glass Industry
Key ESG Issues in Smart Glass Technology Market
Social Issues
Environmental Issues
Governance Factors
Current Status of ESG in the Smart Glass Industry
Future of ESG: Emerging Trends and Opportunities
Concluding Remarks
Chapter 8 Appendix
Methodology
Sources
Abbreviations
Major companies profiled in this smart glass market report:
AGC Inc.
Corning Inc.
FG Glass
Fuyao Group
Gentex Corp.
Guardian Industries Holdings
Halio Inc.
Jaipur Tuffen Glass Industries Pvt. Ltd.
LTI Smart Glass Inc.
Nippon Sheet Glass Co. Ltd.
Privetek
SPD Control Systems Corp.
Saint-Gobain
Smart Glass
Smartglass International
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