Product Code: PM1400
The global smart glass market size is expected to reach USD 14.83 billion by 2032 according to a new study by Polaris Market Research. The report "Smart Glass Market Share, Size, Trends, Industry Analysis Report, By Technology (Photochromic, Liquid Crystal, Suspended Particle Display, Electrochromic, Thermochromic); By End-Use (Automotive & Transportation, Architecture & Construction, Aerospace, Solar Energy); By Regions; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing investments in the architecture and construction sector coupled with growth in disposable income of consumers drive market growth. Increasing application in the automotive and transportation sector, growing modernization of vehicles, and stringent regulations regarding vehicular safety and performance boost the market.
The increasing need for energy efficiency, growing demand for privacy, technological advancements, the shift towards sustainable solutions, and increasing use in commercial spaces, healthcare, and hospitality sectors are some factors expected to drive growth over the forecast period.
The different technologies used in smart glass include photochromic, liquid crystal, suspended particle display, electrochromic, thermochromic, and others. The demand for electrochromic glass is expected to increase during the forecast period. Electrochromic product is used in skylights, windows, and facades to provide tint and privacy.
The use of this product in buildings offers benefits such as enhanced comfort, energy savings, reduced maintenance costs, and maximized daylight. Increasing adoption of smart buildings to reduce energy consumption, and growing environmental awareness supplements the growth of this market segment.
The product is used by end-uses such as automotive & transportation, architecture & construction, aerospace, solar energy, and others. The architecture and construction sector accounted for the highest share in 2020. The increasing application in commercial buildings and the growing construction of energy-efficient buildings have increased the demand for the product in this sector.
The demand for smart glass is expected to increase from the automotive sector during the forecast period owing to the increasing demand for luxury vehicles worldwide, and the modernization of vehicles. Rising urbanization, technological advancements, and an increase in the sale of passenger vehicles have resulted in increased applications of smart glass.
North America dominated the global smart glass market in 2020 and is expected to maintain its dominance over the forecast period. However, Asia Pacific market is expected to grow at a significant rate during the forecast period. Rising industrial growth, increasing awareness regarding the adoption of energy-efficient material, growing urbanization, and growth in the automotive sector support market growth in this region.
Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries. There has been increasing demand for smart glass from industries such as construction, aerospace, and transportation. Increasing penetration of passenger vehicles coupled with rising awareness regarding the adoption of electric vehicles fuels the market growth in this region.
Some of the major market participants include Asahi Glass, Innovative Glass Corporation, Corning Inc., LTI Smart Glass, Inc, Gentex Corporation, Smart Glass International, View, Inc., Polytronix, Inc., Glass Apps, Pro Display, Vision Systems, Sage Electrochromics, Inc, Intelligent Glass, Dream Glass Group, and Scienstry.
Polaris Market Research has segmented the smart glass market report on the basis of technology, end-use, and region:
Smart Glass Technology Outlook (Revenue, USD Million, 2019-2032)
- Photochromic
- Liquid Crystal
- Suspended Particle Display
- Electrochromic
- Thermochromic
- Others
Smart Glass End-Use Outlook (Revenue, USD Million, 2019-2032)
- Automotive & Transportation
- Architecture & Construction
- Aerospace
- Solar Energy
- Others
Smart Glass Regional Outlook (Revenue, USD Million, 2019-2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- RoE
- Asia Pacific
- China
- India
- Japan
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Colombia
- RoLATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Israel
- UAE
- RoMEA
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Smart Glass Market Insights
- 4.1. Smart Glass - Industry snapshot
- 4.2. Smart Glass Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.2. Restraints and Challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers
- 4.3.2. Threats of New Entrants
- 4.3.3. Bargaining Power of Buyers
- 4.3.4. Threats of Substitute
- 4.3.5. Rivalry among existing firms
- 4.4. Smart Glass Market PESTLE Analysis
- 4.5. Value Chain Analysis
- 4.6. Competitive Ranking Analysis, 2020
5. Smart Glass Market Assessment by Technology
- 5.1. Introduction
- 5.1.1. Global Smart Glass Market Share, By Technology, 2019-2032
- 5.2. Photochromic
- 5.2.1. Global Smart Glass Market, by Photochromic, 2019-2032 (USD Million)
- 5.2.2. Global Smart Glass Market, by Photochromic, by Region, 2019-2032 (USD Million)
- 5.3. Liquid Crystal
- 5.3.1. Global Smart Glass Market, by Liquid Crystal, 2019-2032 (USD Million)
- 5.3.2. Global Smart Glass Market, by Liquid Crystal, by Region, 2019-2032 (USD Million)
- 5.4. Suspended Particle Display
- 5.4.1. Global Smart Glass Market, by Suspended Particle Display, 2019-2032 (USD Million)
- 5.4.2. Global Smart Glass Market, by Suspended Particle Display, by Region, 2019-2032 (USD Million)
- 5.5. Electrochromic
- 5.5.1. Global Smart Glass Market, by Electrochromic, 2019-2032 (USD Million)
- 5.5.2. Global Smart Glass Market, by Electrochromic, by Region, 2019-2032 (USD Million)
- 5.6. Thermochromic
- 5.6.1. Global Smart Glass Market, by Thermochromic, 2019-2032 (USD Million)
- 5.6.2. Global Smart Glass Market, by Thermochromic, by Region, 2019-2032 (USD Million)
- 5.7. Others
- 5.7.1. Global Smart Glass Market, by Others, 2019-2032 (USD Million)
- 5.7.2. Global Smart Glass Market, by Others, by Region, 2019-2032 (USD Million)
6. Smart Glass Market Assessment by End-User
- 6.1. Introduction
- 6.1.1. Global Smart Glass Market Share, By End-User, 2019-2032
- 6.2. Automotive and Transportation
- 6.2.1. Global Smart Glass Market, by Automotive and Transportation, 2019-2032 (USD Million)
- 6.2.2. Global Smart Glass Market, by Automotive and Transportation, by Region, 2019-2032 (USD Million)
- 6.3. Architecture and Construction
- 6.3.1. Global Smart Glass Market, by Architecture and Construction, 2019-2032 (USD Million)
- 6.3.2. Global Smart Glass Market, by Architecture and Construction, by Region, 2019-2032 (USD Million)
- 6.4. Aerospace
- 6.4.1. Global Smart Glass Market, by Aerospace, 2019-2032 (USD Million)
- 6.4.2. Global Smart Glass Market, by Aerospace, by Region, 2019-2032 (USD Million)
- 6.5. Solar Energy
- 6.5.1. Global Smart Glass Market, by Solar Energy, 2019-2032 (USD Million)
- 6.5.2. Global Smart Glass Market, by Solar Energy, by Region, 2019-2032 (USD Million)
- 6.6. Others
- 6.6.1. Global Smart Glass Market, by Others, 2019-2032 (USD Million)
- 6.6.2. Global Smart Glass Market, by Others, by Region, 2019-2032 (USD Million)
7. Smart Glass Market Assessment by Geography
- 7.1. Introduction
- 7.1.1. Global Smart Glass Market Share, By Geography, 2019-2032
- 7.2. Smart Glass Market - North America
- 7.2.1. North America: Smart Glass Market, by Country, 2019-2032 (USD Million)
- 7.2.2. North America: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.2.3. North America: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.2.4. Smart Glass Market - U.S.
- 7.2.4.1. U.S.: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.2.4.2. U.S.: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.2.5. Smart Glass Market - Canada
- 7.2.5.1. Canada: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.2.5.2. Canada: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.3. Smart Glass Market - Europe
- 7.3.1. Europe: Smart Glass Market, by Country, 2019-2032 (USD Million)
- 7.3.2. Europe: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.3.3. Europe: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.3.4. Smart Glass Market - Germany
- 7.3.4.1. Germany: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.3.4.2. Germany: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.3.5. Smart Glass Market - UK
- 7.3.5.1. UK: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.3.5.2. UK: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.3.6. Smart Glass Market - France
- 7.3.6.1. France: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.3.6.2. France: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.3.7. Smart Glass Market - Italy
- 7.3.7.1. Italy: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.3.7.2. Italy: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.3.8. Smart Glass Market - Spain
- 7.3.8.1. Spain: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.3.8.2. Spain: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.3.9. Smart Glass Market - Rest of Europe
- 7.3.9.1. Rest of Europe: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.3.9.2. Rest of Europe: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.4. Smart Glass Market - Asia-Pacific
- 7.4.1. Asia-Pacific: Smart Glass Market, by Country, 2019-2032 (USD Million)
- 7.4.2. Asia-Pacific: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.4.3. Asia-Pacific: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.4.4. Smart Glass Market - China
- 7.4.4.1. China: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.4.4.2. China: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.4.5. Smart Glass Market - India
- 7.4.5.1. India: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.4.5.2. India: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.4.6. Smart Glass Market - Japan
- 7.4.6.1. Japan: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.4.6.2. Japan: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.4.7. Smart Glass Market - South Korea
- 7.4.7.1. South Korea: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.4.7.2. South Korea: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.4.8. Smart Glass Market - Rest of APAC
- 7.4.8.1. Rest of APAC: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.4.8.2. Rest of APAC: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.5. Smart Glass Market - Latin America
- 7.5.1. Latin America: Smart Glass Market, by Country, 2019-2032 (USD Million)
- 7.5.2. Latin America Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.5.3. Latin America: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.5.4. Smart Glass Market - Brazil
- 7.5.4.1. Brazil: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.5.4.2. Brazil: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.5.5. Smart Glass Market - Mexico
- 7.5.5.1. Mexico: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.5.5.2. Mexico: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.5.6. Smart Glass Market - Colombia
- 7.5.6.1. Colombia: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.5.6.2. Colombia: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.5.7. Smart Glass Market - Rest of Latin America
- 7.5.7.1. Rest of Latin America: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.5.7.2. Rest of Latin America: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.6. Smart Glass Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Smart Glass Market, by Country, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.6.3. Middle East & Africa: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.6.4. Smart Glass Market - Saudi Arabia
- 7.6.4.1. Saudi Arabia: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.6.4.2. Saudi Arabia: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.6.5. Smart Glass Market - South Africa
- 7.6.5.1. South Africa: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.6.5.2. South Africa: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.6.6. Smart Glass Market - Israel
- 7.6.6.1. Israel: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.6.6.2. Israel: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.6.7. Smart Glass Market - UAE
- 7.6.7.1. UAE: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.6.7.2. UAE: Smart Glass Market, By End-User, 2019-2032 (USD Million)
- 7.6.8. Smart Glass Market - Rest of MEA
- 7.6.8.1. Rest of MEA: Smart Glass Market, By Technology, 2019-2032 (USD Million)
- 7.6.8.2. Rest of MEA: Smart Glass Market, By End-User, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Product Launch Analysis
- 8.1.1. Expansion
- 8.1.2. Product Launch
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Asahi Glass
- 9.1.1. Business Overview
- 9.1.2. Financial Snapshot
- 9.1.3. Products Benchmarking
- 9.1.4. Recent Developments
- 9.2. Innovative Glass Corporation
- 9.2.1. Business Overview
- 9.2.2. Financial Snapshot
- 9.2.3. Products Benchmarking
- 9.2.4. Recent Developments
- 9.3. Corning Inc.
- 9.3.1. Business Overview
- 9.3.2. Financial Snapshot
- 9.3.3. Products Benchmarking
- 9.3.4. Recent Developments
- 9.4. LTI Smart Glass, Inc
- 9.4.1. Business Overview
- 9.4.2. Financial Snapshot
- 9.4.3. Products Benchmarking
- 9.4.4. Recent Developments
- 9.5. Gentex Corporation
- 9.5.1. Business Overview
- 9.5.2. Financial Snapshot
- 9.5.3. Products Benchmarking
- 9.5.4. Recent Developments
- 9.6. Smart Glass International
- 9.6.1. Business Overview
- 9.6.2. Financial Snapshot
- 9.6.3. Products Benchmarking
- 9.6.4. Recent Developments
- 9.7. View, Inc.
- 9.7.1. Business Overview
- 9.7.2. Financial Snapshot
- 9.7.3. Products Benchmarking
- 9.7.4. Recent Developments
- 9.8. Polytronix, Inc.
- 9.8.1. Business Overview
- 9.8.2. Financial Snapshot
- 9.8.3. Products Benchmarking
- 9.8.4. Recent Developments
- 9.9. Glass Apps
- 9.9.1. Business Overview
- 9.9.2. Financial Snapshot
- 9.9.3. Products Benchmarking
- 9.9.4. Recent Developments
- 9.10. Pro Display
- 9.10.1. Business Overview
- 9.10.2. Financial Snapshot
- 9.10.3. Products Benchmarking
- 9.10.4. Recent Developments
- 9.11. Vision Systems
- 9.11.1. Business Overview
- 9.11.2. Financial Snapshot
- 9.11.3. Products Benchmarking
- 9.11.4. Recent Developments
- 9.12. Sage Electrochromics, Inc
- 9.12.1. Business Overview
- 9.12.2. Financial Snapshot
- 9.12.3. Products Benchmarking
- 9.12.4. Recent Developments
- 9.13. Intelligent Glass
- 9.13.1. Business Overview
- 9.13.2. Financial Snapshot
- 9.13.3. Products Benchmarking
- 9.13.4. Recent Developments
- 9.14. Dream Glass Group
- 9.14.1. Business Overview
- 9.14.2. Financial Snapshot
- 9.14.3. Products Benchmarking
- 9.14.4. Recent Developments
- 9.15. Scienstry
- 9.15.1. Business Overview
- 9.15.2. Financial Snapshot
- 9.15.3. Products Benchmarking
- 9.15.4. Recent Developments