Smart Glass Market Size, Share, Growth, Forecast 2032

Smart Glass Market Insights

According to Zion Market Research, the global Smart Glass Market was worth USD 5.36 Billion in 2023. The market is forecast to reach USD 12.68 Billion by 2032, growing at a compound annual growth rate (CAGR) of 10.05% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Smart Glass Market industry over the next decade.

Request Free Sample

Smart Glass Market: Overview

Glass is produced by the fusion of potash, lime and silica at high temperature and in order to modify its properties different constituents are added. Smart glass has advanced technology which alter its light transmission properties depending on external stimuli. Smart glasses have a wide range of applications in sunroofs, windows, rear mirror, windshields, skylights and doors. Smart glass acts either automatically or manually to manage the glare, the amount of heat and light. Smart glass can be switched according to the temperature present outside. However, constant UV rays can damage the smart glass.

Smart Glass Market: Growth Drivers

Surging demand for eco-friendly and energy efficient product drives the smart glass market. Another factor that contributes to the splendid growth of smart glass market is the cost efficiency and reduced maintenance cost. Government support coupled with large investment for automobile industry trigger the demand for smart glass market.

However, the durability of smart glass and performance can hamper the growth of this market. Furthermore, partial commercialization and inadequate awareness are expected to impede the growth of smart glass market. Nevertheless, a wide range of applications and escalating demand for energy proficient products show high growth prospect for smart glass market in the forecast period.

Request Free Sample

Smart Glass Market: Segmentation

The smart glass market can be segmented on the basis of technology, application, and region.

Electrochromic, thermochromic, SPD and PDLC are the technologies used for smart glass.  Suspended particle device (SPD) segment has the largest share in the smart glass market owing to high demand and characteristics such as power saving, restricts UV rays, high emission property that can transform transparent to dark and ultimate working capacity.

Widespread applications of smart glass include transportation, electronics, architecture, solar power generation and other. Transportation segment emerged as attractive application due to majority use of smart glass in the form of sunroofs, windows, rear mirror, windshields, skylights and doors. Smart glass is utilized to restrict viewing scope, provide shading and permit privacy. This growth in transportation segment is supported by the automotive sector due to a high number of consumers.

Smart Glass Market: Report Scope

Government support along with the large investments within the automobile sector to get novel products is boosting the worldwide smart glass market. The rising requirement for eco-friendly also as energy-efficient products is driving the smart glass market. Further important aspect contributing to the powerful growth of the smart glass market is its cost efficiency and minimum maintenance fees. Rising requirement for energy-efficient and broad sort of application products is offering an active growth opportunity for smart glass marketplace for the estimated period.

Rising technological advancements during this field and therefore the implementation of those enhancements is additionally one among the explanations for the event of the worldwide smart glass market. For example, in 2018, Fisker introduced its latest Fisker E-Motion offering an exclusive and pioneering four-segment SPD SmartGlass roof.

Smart Glass Market: Regional Analysis

Request Free Sample

The smart glass market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. China is one of the dominating the country for smart glass market owing to advance technologies, government support for the use of energy efficient smart glass. North America is the largest market in terms of high consumption and production of smart glass. Europe is also expected to show significant adoption for smart glass in near future.

China demonstrates tremendous growth within the smart glass market owing to the need for high-end technologies also because of the increasing support of the local governments for using energy-efficient smart glasses. North America represents itself because the largest market landscape due to high utilization also because of the manufacturing of smart glass. During the forecast period, Europe is meant to witness interesting growth.

Smart Glass Market: Competitive Analysis

Key players profiled in the report include:

• Smart Glass International Ltd.
• Raven Brick LLC
• Glass Apps
• Gentex Corp.
• AGC Ltd
• Research Frontiers, Inc.
• SPD Control System Corporation
• Pleotint LLC
• SAGE Electrochromics
• Hitachi Chemicals Co. Ltd
• Scienstry Inc.
• SAGE Electrochromics
• PPG Industries and View, Inc among others.

The global Smart Glass market is segmented as follows:

By Technology

• Electrochromic
• Thermochromic
• SPD
• PDLC

By Application

• Transportation
• Electronics
• Architecture
• Solar power generation
• Other

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa