The global market for Smart Glass is expected to grow between 2023 and 2032 due to factors like increasing adoption in construction industry, growing focus on energy efficiency, rising demand for smart windows in automotive sector, and technological advancements and innovations.
The Global Smart Glass Market was valued at USD 5.40 Billion in 2022 and is projected to reach USD 14.61 Billion by 2032, registering a CAGR of 10.15% for the forecast period 2023-2032.
Global Smart Glass Market Drivers
- Increasing adoption in construction industry: The use of smart glass enhances the visual appeal of contemporary architecture. The sleek and modern style of it suits the tastes of designers and architects. The ability to smoothly incorporate smart glass into windows, partitions, and building facades improves a structure's overall visual appeal. Dynamic façade systems that use smart glass enable structures to react to their surroundings. This flexibility improves the façade's usability and architectural style. Buildings that are both aesthetically pleasing and environmentally conscious can be achieved through the use of dynamic facades.
- Growing focus on energy efficiency: Natural light can be maximized through the dynamic control of transparency and tinting that smart glass provides. Smart glass reduces the need for artificial lighting, which lowers energy consumption for lighting by adjusting the amount of sunlight entering a building or car. The amount of solar heat gain that enters a building can be managed by smart glass. Smart glass helps to better regulate indoor temperatures by letting sunlight in during colder months and minimizing heat penetration during hotter ones. This results in less energy being used for heating and cooling and increased HVAC (heating, ventilation, and air conditioning) efficiency.
- Rising demand for smart windows in automotive sector: Passengers in cars with smart windows can adjust the transparency and tint of the windows. This feature reduces heat, UV radiation, and glare to improve comfort. Furthermore, it enhances the vehicle's overall appearance. Drivers and passengers can adjust the degree of privacy in their car with smart windows. The glass's ability to be switched between transparent and opaque states offers seclusion when needed, which enhances the comfort of the interior space.
- Technological advancements and innovations: The Internet of Things and smart home systems can now be easily integrated with smart glass technology thanks to advancements in this field. Smart glass settings can be managed by users via voice commands, automated systems, or mobile apps, which improves user convenience and experience overall. Smart glass with SPD technology can change its tint by lining up tiny particles within the material. Continuous advancements in SPD technology have led to increased applications across industries, quicker switching times, and better optical performance.
- Chromogenic enters cooperation with SmartGlass International (2023)
- Corning Partners with Hyundai Mobi’s to Enable Augmented Reality Head-Up Display Systems (2021)
- Saint-Gobain strengthens its presence in construction chemicals in Latin America (2023)
- Gentex Expands Aerospace Offering with Acquisition of New Thin-Glass Laminating Technology (2021)
- Nabr, a Residential Development Company Co-Founded by Bjarke Ingels, Will Deploy View Smart Windows and Smart Building Platform Across All Properties (2022)
Challenges Impacting the Global Smart Glass Market
- High Initial Costs: Some consumers and businesses find smart glass technologies unaffordable due to their high initial cost. Potential users may choose more conventional and affordable options due to budgetary restrictions. Concerns regarding the return on investment (ROI) may cause users to postpone purchasing smart glasses. For some prospective customers, the advantages like energy savings or better aesthetics might not outweigh the upfront costs. Investments in smart glasses may have a lengthy payback period. When the benefits of a technology take time to materialize, users might be reluctant to invest in it, particularly if there are no immediate benefits.
- Complex Manufacturing Processes: The production of smart glasses is a complex process that frequently requires the integration of electronic components and complex processes. Because of its complexity, smart glass may be more expensive to produce than conventional glass options. The production's potential for growth may be constrained by the complex manufacturing procedures. Achieving economies of scale, which would otherwise enable manufacturers to lower costs, can be difficult in mass production due to the complexity involved. It might be necessary to have specific knowledge and experience in materials science, electronics, and optics in order to produce smart glasses.
- Limited Transparency Options: Although smart glasses have the ability to transition between clear and opaque states, some users may find the transparency to be insufficiently precise. Even with complete control, users may be reluctant to change the transparency settings frequently for fear of coming across as distant or unreliable. This may restrict the usefulness of smart glasses in specific circumstances. The smart glass's unique selling proposition is eliminated when it is completely opaque, effectively turning it into a regular window. For some applications, where it's important to have both natural light and unobstructed views, this could be a deal-breaker.
- Power Consumption: Particularly the older models of smart glass frequently need continuous electricity to preserve their variable opacity or tinting. Higher energy costs may result from this, particularly in large-scale applications like commercial buildings. Although electrochromic smart glass and other newer technologies are more energy-efficient than traditional windows, the initial cost of installation may be higher. Cost-conscious customers and companies may be turned off by this. The operation of smart glass is dependent on electricity. Any interruptions or power outages could make the smart features inoperable, which could be inconvenient or even dangerous in some circumstances.
| Attributes | Details |
| Market Size in 2022 | USD 5.40 Billion |
| Market Forecast in 2032 | USD 14.61 Billion |
| Compound Annual Growth Rate (CAGR) | 10.15 % |
| Unit | Revenue (USD Million) and Volume (Kilo Tons) |
| Segmentation | By Technology, By Application & By Region |
| By Technology |
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| By Application |
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| By Region |
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| Base Year | 2022 |
| Historical Year | 2018 - 2022 |
| Forecast Year | 2023 - 2032 |
Category-wise Analysis:
By Technology:
- Electrochromic: The ability of electrochromic glass to control the amount of light passing through it by turning opaque or transparent with the touch of a switch or remote control is responsible for the rise in consumer demand. It lets light through while blocking heat from entering during the hottest months of the year, allowing the home to use less air conditioning. Electrochromic windows improve visual comfort because light transmission can be decreased at certain times, particularly in situations where there is an abundance of light coming in from the outside. It permits energy savings as well.
- Polymer Dispersed Liquid Crystal: PDLC smart glass has switchable transparency, which lets users apply an electric field to change the glass's opacity or transparency. Because of its mutable state, the glass can be adjusted for privacy and light control in a variety of environments. When privacy is a top concern, PDLC technology is frequently utilized in residential windows, conference rooms, and office partitions. When necessary, users can create private spaces by flipping the glass from transparent to opaque. PDLC smart glass can help reduce energy use by regulating the amount of light that enters a room.
- Suspended Particle Devices: SPD technology helps regulate how much sunlight enters a space, which can improve energy efficiency. Users can control the amount of natural light by dynamically adjusting the transparency of the glass, which lessens the need for artificial lighting and helps save energy. With SPD smart glasses, glare can be reduced and harmful UV rays can be effectively blocked. This feature is essential for preserving a cozy interior atmosphere, shielding artwork and furniture from UV ray damage, and improving visual comfort.
- Thermochromics: Better control over natural light is made possible by thermochromic smart glasses, which also lessen glare and create a cozy interior atmosphere. Increased comfort levels have the potential to improve wellbeing and productivity, which makes thermochromic smart glass appealing for both residential and commercial settings. Dynamic privacy solutions can be made with thermochromic smart glasses. It provides on-demand privacy by changing opacity in response to temperature, which makes it appropriate for spaces like conference rooms, restrooms, and partitions.
- Photochromic: Photochromic smart glasses can control privacy in addition to light. When the glass is tinted, it reduces outside visibility, giving the residents privacy. Applications for photochromic smart glasses can be found in a variety of contexts, including commercial, residential, and automotive. Because of its adaptability, it can be used for partitions, windows, skylights, and other architectural features. Several glass kinds can be easily equipped with photochromic technology, opening up new possibilities for architectural design.
- Architectural: Residents can regulate their level of privacy thanks to the transparent glass's movable transparency. Users can turn the glass opaque in spaces like restrooms or conference rooms to increase privacy as needed. Architects value smart glass's contemporary aesthetics and flexible design options. It makes creative architectural designs possible, resulting in lively, eye-catching spaces. The capacity to transition between transparent and opaque states gives building facades more movement. Green and sustainable building techniques are becoming more and more crucial.
- Transportation: Aircraft windows are one area where smart glass is used in the aerospace sector. The ability of electrochromic windows to dynamically adjust their tint helps control sunlight, lessen glare, and improve the overall flying experience for both crew and passengers. Smart glass is used to increase passenger comfort on buses and trains, among other forms of public transportation. By regulating the amount of sunlight entering a vehicle, tinted or dimmable windows make traveler environments more comfortable and adaptable.
- Consumer Electronic: Wearable technology as a whole includes smart glasses. Certain smart glasses come equipped with features related to augmented reality (AR) or virtual reality (VR), which offer users information overlay and immersive experiences. Windows, doors, and mirrors are among the smart home appliances that incorporate smart glass technologies. Features like digital displays, privacy settings, and automatic tinting may be included in these products. Smart glass can improve viewing experiences by being incorporated into smart TVs and displays.
- Power Generation: Photovoltaic and solar-integrated glass are examples of smart glass technologies that can be used to capture solar energy. This is especially important for power plants that want to use renewable energy sources to lessen their reliance on traditional power grids. Solar panels can have their daylight exposure controlled with smart glass, which will maximize their efficiency. In power generation installations, solar panel efficiency can be maximized by dynamically adjusting the glass's transparency.
Regional Analysis:
North America:
- United States: The US construction market is expanding, especially in the green building sector. Smart glass is becoming more and more popular in offices, high-end residences, and commercial buildings because it provides enhanced thermal control and energy efficiency, which is in line with sustainability objectives. Prominent aircraft manufacturers such as Boeing have incorporated smart glass into their windows to enhance passenger privacy and comfort. The market's growth potential is further enhanced by large investments in research and development made by both the government and private sector.
- Canada: Through a number of initiatives, the Canadian government has actively promoted the advancement and uptake of smart glass technologies. To encourage energy efficiency and sustainability in buildings, these include grants, tax breaks, and research funding initiatives. Given Canada's lofty building energy-saving targets, smart glass is an enticing alternative. With features like heat insulation and dynamic sunlight control, smart glass helps save a significant amount of energy and lessens its carbon footprint. The construction industry's growing preference for green buildings increases the allure of smart glass technologies.
- China: The enormous population and quick urbanization of China are driving up demand for smart glass applications in consumer electronics, automobiles, and buildings. This generates a profitable market for manufacturers, both foreign and domestic. Research and development of new smart glass technologies, including more economical and energy-efficient options, is being actively pursued by Chinese enterprises. Their standing in the international market is further enhanced by this innovation. Chinese smart glass products can be offered at competitive prices when compared to those from other regions because of their large manufacturing base and lower labor costs. They are therefore appealing to a wide range of customers and businesses.
- India: The market for smart glasses is expanding as more people become aware of their advantages. Furthermore, as technology and manufacturing progress, smart glass is becoming more competitively priced, opening it up to a larger spectrum of consumers and businesses. Numerous Indian enterprises are venturing into the smart glass industry by creating and producing cost-effective models that are tailored to the regional environment and requirements. As a result, there is less reliance on imports, and the ecosystem supporting the technology becomes self-sufficient. Beyond buildings, smart glass is used in agriculture, healthcare, and transportation.
- Southeast Asia: Due to its hot and muggy climate, Southeast Asia has a high demand for building energy efficiency solutions. Because smart glass controls heat and light transmission, it minimizes the need for air conditioning and lowers energy costs. The governments of a number of Southeast Asian nations are actively pushing sustainable technologies and green building initiatives. Support for the use of smart glass in various building projects is one aspect of this that increases market demand. Southeast Asia frequently has lower production and installation costs for smart glasses than other regions, such as Europe and North America.
- Western Europe: Companies like Saint-Gobain and AGC Glass are actively innovating in the field of smart glass technology, and Western Europe is a hub for research and development in this area. This encourages ongoing development and enhancement of the functionality and cost of smart glasses. The area boasts effective distribution networks and a well-established supply chain for materials and components used in smart glasses, which enable the technology to be easily accessed by a range of industries. Consumers in Western Europe are typically tech-savvy and quick to adopt new innovations. Compared to consumers in other regions, they are more likely to recognize the advantages and features of smart glasses.
- Eastern Europe: When compared to Western Europe, Eastern Europe generally offers lower manufacturing costs. This lowers the cost of manufacturing and installing smart glasses, drawing in domestic and foreign companies looking for economical solutions. The building industry is expanding significantly in many Eastern European nations. This creates profitable opportunities for the use of smart glasses in offices, retail establishments, and even homes. The increase in demand drives up market share in the area. Creative businesses that specialize in smart glass technology have emerged in Eastern Europe.
- Brazil: Brazil has started producing smart glasses domestically, with the help of businesses like Saint-Gobain Glass and Guardian Brazil. This lowers expenses, lessens reliance on imports, and boosts employment in the community. Smart glass is widely used in offices, hotels, and shopping centers to reduce energy use, control glare, and improve occupant comfort. Smart glass for car windows and sunroofs has been tested by Brazilian automakers like Fiat Chrysler Automobiles, providing privacy and comfort features.
- Mexico: Infrastructural development and construction have grown significantly in Mexico. Smart glass's market share may increase as a result of its application in residential, hotel, and commercial projects to improve energy efficiency and aesthetics. Energy efficiency objectives are becoming more and more important in areas that prioritize sustainable development, and smart glass technologies are in line with these goals. The adoption of smart glass solutions may be influenced by Mexico's dedication to environmental sustainability and energy conservation.
- Middle East: Green building techniques and sustainable development have received increased attention in certain Middle Eastern nations. With its ability to reduce energy use and improve the environment, smart glass supports these kinds of programs. Leading the way in the adoption of innovative technologies is the Middle East. With its incorporation of technology into construction materials, smart glass aligns nicely with the region's desire for cutting-edge, clever solutions. Because of its plentiful sunshine, the Middle East is a perfect place to use solar energy. For power generation and energy-efficient buildings, smart glass technologies that integrate solar panels or dynamically adjust sunlight exposure may be especially interesting.
- Africa: In both commercial and residential construction, the growing urbanization and infrastructure development in African cities may drive up demand for cutting-edge building technologies like smart glass. Smart glass supports sustainability objectives because it can regulate natural light and increase energy efficiency. Smart glass may be used more often in green building projects as environmental concerns gain traction.
- Australia and New Zealand: Businesses and homeowners in Australia and New Zealand may be interested in implementing smart glass due to its energy efficiency, visual appeal, and practicality as awareness of smart building technologies grows. The high level of living in Australia and New Zealand might be a factor in the growing need for cutting-edge and creative solutions in both residential and commercial settings, which might include smart glass applications.
- AGC Inc.
- ChromoGenics
- Corning Incorporated
- Gauzy Ltd. and Entities
- Gentex Corporation
- Guardian Industries
- Halio Inc. (Kinestral Technologies Inc.)
- Merck KGaA (Merck Group)
- Nippon Sheet Glass Co. Ltd.
- PPG Industries Inc.
- RavenWindow
- Research Frontiers Inc.
- Saint Goblin S.A.
- Smartglass International Limited
- VELUX Group
- View Inc.
- Vision System
- Polytronix Inc.
- Smart Glass Technologies
- Others
By Technology:
- Electrochromic
- Polymer Dispersed Liquid Crystal
- Suspended Particle Devices (SPD)
- Thermochromics
- Photochromic
- Electrochromic
- Transportation
- Consumer Electronic
- Power Generation
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
- Asia Pacific (China, Japan, India, Southeast Asia, Rest of APAC)
- Latin America (Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (GCC Countries, UAE, Rest of MEA)
