Smart Glass Market by Type (Active, Passive), Control Mode (Dimmers, Remote Control, Switches), Application - Global Forecast 2024-2030
Description
Smart Glass Market by Type (Active, Passive), Control Mode (Dimmers, Remote Control, Switches), Application - Global Forecast 2024-2030
The Smart Glass Market size was estimated at USD 10.18 billion in 2023 and expected to reach USD 11.07 billion in 2024, at a CAGR 9.27% to reach USD 18.93 billion by 2030.
Smart glass is a material that alters light transmission rates to change and modify transparency and functionality. Smart glass technology plays a pivotal role in balancing the conflicting demands of both functional and architectural considerations. It effectively balances the advantages of natural light, scenic views, and spacious open floor designs while addressing the imperatives of energy efficiency and privacy. These glasses offer adjustable tints, act as displays, ensure heat and noise blocking, and aid in generating solar power. In recent years, the use of smart glass in the automobile industry and as an interactive touchscreen or display is growing. Moreover, the demand for smart glass proliferates due to public and private sector investments and interests in sustainable building construction. On the other hand, the cost-intensiveness of production and design and performance-related technical concerns with smart glass impede their widespread adoption. However, the continuous research and innovations in smart glass technology, coupled with their utilization for solar power generation, are expected to boost their usage considerably in the coming years.
Regional Insights
The smart glass market in the EU and North America is evolving rapidly with the presence of major market players, technological advances in smart glass technology, and considerable production of glasses. In Asia-Pacific, the Middle East, Africa, and South American countries, the demand and usage of smart glass are gradually growing across industries, with government programs and regulations to enhance sustainability in the construction sector and rising investments in luxury cars. Along with China and North America, the EU remains one of the world's top glass producers, with Germany, Italy, France, Spain, the UK, and Poland leading production. Vendor penetration in glass-producing economies could surge due to increased access to raw materials and easy transportation of materials. The ongoing smart city projects in Norway, India, South Korea, Japan, Indonesia, Germany, Saudi Arabia, Switzerland, Brazil, and other countries provide significant opportunities for using smart glass in residential, commercial, and industrial buildings to offer thermal comfort and produce energy. Moreover, automakers, including McLaren Automotive Limited, Mercedes-Benz Group AG, BMW AG, and many others, are gradually integrating smart glass in cars to improve noise reduction, increase fuel efficiency, and offer customizability. Furthermore, introducing new smart glass technology with superior functionality and operability utilizing high-quality materials by market players to meet the changing requirements is expected to fuel market growth in the coming years.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Smart Glass Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Growing investments for energy-efficient building and construction sector
- Increasing applications of smart glass in the automotive industry
- Usage of smart glass as an interactive touchscreen or display in consumer electronics
- Market Restraints
- High cost associated with production and design of smart glass
- Market Opportunities
- Ongoing research and introduction of new smart glass to expand its applications
- Emerging demand for smart glass in solar energy generation
- Market Challenges
- Concerns over technical issues pertinent to smart glass performance
- Market Segmentation Analysis
- Type: Rising adoption of active smart glasses due to their energy conservation measures
- Control Mode: Improved usage of remote-controlled smart glasses to enhance user experience
- Application: Popularity of smart glasses to improve interior aesthetics in building and construction applications
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Smart Glass Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Smart Glass Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Korea’s SKC to Invest Up To USD 70 Million in US Smart Glass Firm Halio
SKC, a South Korean company, has announced its plans to invest up to USD 70 million in Halio, a U.S.-based smart glass firm. This investment will catalyze Halio's development and the launch of its smart glass products. With the investment, Halio aims to tap into the global market potential of both augmented reality (AR) and virtual reality (VR) technologies. Through this strategic investment, SKC's CEO recognizes the opportunity to market these cutting-edge technologies worldwide.
AGC’s Digital CurtainTM Light Control Glass Adopted for Toyota’s “Century”
AGC, Inc. introduced a groundbreaking product, Digital Curtain, that allows instantaneous control of light transmission and visibility, thus contributing to a spacious and comfortable cabin interior. Digital Curtain reduces the heat and glare of the sunlight and ensures privacy in the dimmed mode (opaque state) while delivering a sense of openness in the transmissive mode.
GLASSBEL and HALIO Collaborate to Strengthen Value of Smart Glass for EU and the Middle East Markets
GLASSBEL and HALIO announced a collaborative effort to enhance the value of smart glass in the EU and Middle East markets. The two companies strive to optimize the utilization of smart glass by combining their expertise in intelligent building technology and energy efficiency design. This collaboration is expected to create new avenues for market expansion and elevate customer satisfaction through improved regional service offerings.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Smart Glass Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Smart Glass Market, highlighting leading vendors and their innovative profiles. These include AGC Inc., AGP Group, Carl Zeiss AG, Central Glass Co., Ltd., ChromoGenics AB, Compagnie de Saint-Gobain S.A., Corning Incorporated, Gauzy Ltd., General Motors Company, Gentex Corporation, Guardian Industries Holdings by Koch Industries, Inc., LTI Smart Glass, Inc., Miru Smart Technologies, Nippon Sheet Glass Co., Ltd., Polytronix, Inc., PPG Industries, Inc., Pro Display Group, Pulp Studio, Inc., RavenWindow, Rev Interactive SDN. BHD., Skyline Design, Smart Glass Group, Smart Window Company, Inc., Smartglass International Ltd., SmartGlassCountry, Suntuitive by Pleotint LLC, Tejj Sons, VELUX A/S, and View, Inc..
Market Segmentation & Coverage
This research report categorizes the Smart Glass Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Active
- Electrochromic
- Liquid Crystal
- Suspended Particle Devices
- Passive
- Photochromic
- Thermochromic
- Control Mode
- Dimmers
- Remote Control
- Switches
- Application
- Architecture and Building & Construction
- Automotive & Transportation
- Consumer Electronics
- Power Generation
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Active
- Market Drivers
Table of Contents
180 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growing investments for energy-efficient building and construction sector
- 5.1.1.2. Increasing applications of smart glass in the automotive industry
- 5.1.1.3. Usage of smart glass as an interactive touchscreen or display in consumer electronics
- 5.1.2. Restraints
- 5.1.2.1. High cost associated with production and design of smart glass
- 5.1.3. Opportunities
- 5.1.3.1. Ongoing research and introduction of new smart glass to expand its applications
- 5.1.3.2. Emerging demand for smart glass in solar energy generation
- 5.1.4. Challenges
- 5.1.4.1. Concerns over technical issues pertinent to smart glass performance
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Rising adoption of active smart glasses due to their energy conservation measures
- 5.2.2. Control Mode: Improved usage of remote-controlled smart glasses to enhance user experience
- 5.2.3. Application: Popularity of smart glasses to improve interior aesthetics in building and construction applications
- 5.3. Market Trend Analysis
- 5.3.1. Revolutionary smart city initiatives and green building infrastructure in the Americas
- 5.3.2. Significant deployment of smart glass in automotive sector in the APAC region
- 5.3.3. Flourishing technological landscape leading to creation of breakthrough smart glass in EMEA region
- 5.4. Cumulative Impact of Russia-Ukraine Conflict
- 5.5. Cumulative Impact of High Inflation
- 5.6. Porter’s Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
- 5.7. Value Chain & Critical Path Analysis
- 5.8. Regulatory Framework Analysis
- 6. Smart Glass Market, by Type
- 6.1. Introduction
- 6.2. Active
- 6.3. Passive
- 7. Smart Glass Market, by Control Mode
- 7.1. Introduction
- 7.2. Dimmers
- 7.3. Remote Control
- 7.4. Switches
- 8. Smart Glass Market, by Application
- 8.1. Introduction
- 8.2. Architecture and Building & Construction
- 8.3. Automotive & Transportation
- 8.4. Consumer Electronics
- 8.5. Power Generation
- 9. Americas Smart Glass Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Smart Glass Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Smart Glass Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. Korea’s SKC to Invest Up To USD 70 Million in US Smart Glass Firm Halio
- 12.3.2. AGC’s Digital CurtainTM Light Control Glass Adopted for Toyota’s “Century”
- 12.3.3. GLASSBEL and HALIO Collaborate to Strengthen Value of Smart Glass for EU and the Middle East Markets
- 12.3.4. Tucson Startup's Smart Glass Technology Looks to Help Reduce Housing Energy Costs
- 12.3.5. Miru Smart Technologies and ODL Collaborate
- 12.3.6. Eyrise Provides Smart Glass Facades at the Precedent
- 12.3.7. Kognition Announces Partnership with View Inc. to Integrate Smart Building Cloud and Smart Glass Technology
- 12.3.8. View Inc. to install Smart Windows as part of Phase II expansion at Charlotte Douglas Airport
- 12.3.9. AGC and Saint-Gobain Partner for the Decarbonization of Flat Glass Manufacturing
- 12.3.10. Team Develops Smart Window that can Store Energy
- 12.3.11. Approved Patent Paves Way for GM to Introduce Light-Dimming Windshields
- 12.3.12. Hamilton Global Opportunities PLC (ALHGO.PA) Announces Investment in the Israeli Company Gauzy
- 12.3.13. Israeli Smart Glass Firm Buys French Company
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
Pricing
Currency Rates
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