Global Smart Glass Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

Smart Glass Market: Overview

Smart Glass Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.

Smart glass helps the user to control automatically and manually the amount of glare, light, and heat that is transmitted through the glass.

Smart glass is controlled automatically by using different methods such as motion detectors, smartphone applications, automatic photosensors, knobs, and light switches for controlling the amount of light and heat passing through the glass.

Smart glass helps in saving a great amount of energy on cooling, heating, and lighting. These smart glasses are used in various applications such as architecture, automobiles, aviation, and healthcare.

Smart Glass Market: Dynamics

Growing construction activities of various organizational structures including educational institutions, and corporate offices and increasing development in automotive industries, increasing expansion of application areas of smart glass, and increasing new abilities of smart glass in wearable technology sectors are the major factors driving the growth of the global smart glass market.

In addition, growing applications in manufacturing mirrors, sunroofs, rear and side windows, and sun visors for the best automobiles are the factors that are driving the growth of the global smart glass market.

However, the high cost of manufacturing and lack of knowledge of the innovations is hampering the growth of the global market to a certain extent.

Smart Glass Market: Segment Analysis

Electrochromic smart glass technology is mostly used due to unique facets including compact response time for applying glass effect at very low voltage consumption and delivering high blockage ratio of hazardous UV and IR rays and increasing high disposable incomes and the increasing demand for the different luxury automobiles.

The usage of smart glass is increasing in transportation due to the increasing adoption level of smart glass in the automotive and aerospace industries.

Smart Glass Market: Region Analysis

North American region is opting for smart glass as there is increased production of automobiles and the increasing presence of major key players coupled with increasing utilization of suspended particle devices (SPD) and acceleration in the production of smart glass.

In addition, a high percentage of manufacturers as well as consumers of smart glass & windows and rising awareness and concerns among people about energy conservation.

Thus, the market in North America is expected to register a significant revenue share in the global market.

The smart glass market in the Asia Pacific is expected for contributing the highest market share in the global market due to the booming real estate industry in this region.

Asia Pacific businesses have a high attraction towards convenient electronics, rapid industrialization, safety prospects, and improved quality & reliability.

Continuous demand for smart glass in countries like China and Japan due to extensive development in the automotive industries of the developing countries such as India and China is also a factor to fuel the growth of the target market in the Asia Pacific region.

Smart Glass Market Segmentation:

Segmentation by Technology:

• Thermochromic
• Photochromic
• Electrochromic
• Suspended Particle Devices (SPD)
• Polymer Disperse Liquid Crystal (PDLC)

Segmentation by End-User Industry:

• Transportation
• Construction
• Power Generation

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa