Global Smart Glass Market

Global Smart Glass Market Size, Share, Growth Analysis, By Technology(Photochromic, thermochromics), By Application(Transportation, consumer electronics) - Industry Forecast 2024-2031

Report ID: SQMIG25K2070 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 66 | Figures: 75

Global Smart Glass Market Competitive Landscape

The global smart glass market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share.

For example, in March 2021, View Inc. installed smart windows at 730 Third Avenue, located in Manhattan's Midtown East district.  The entire building has more than 1,100 new smart windows, which will assist owners in meeting New York's Local Law 97, which aims to cut building-based emissions by 40% over the next decade and will have an impact on more than 57,000 structures around the city. The building's LEED Gold Certification will also be maintained with the help of smart windows.

In February 2019, ZEISS launched the first multifunctional smart glass transparent surfaces. The new technology can show a wide range of data, measure temperature, and filter sunlight. It will soon have the ability to illuminate, detect, filter, and project, and it might be utilized to achieve great things for augmented reality and the automotive industry.

In January 2021, Corning Incorporated announced that Lava would be India's first mobile device company to launch a military-grade smartphone with Gorilla Glass 3 for US$ 71.45 (Rs. 5,499). The Z1 smartphone, which will go on sale on January 22, 2021, is a part of a new Lava device lineup that also includes the Z2, Z4, and Z6 models. All of these smartphones have Gorilla Glass 3, and they all act as a starting point for many Indian consumers who want to switch from a feature phone to a smartphone.

Smart Glass Market Top Player’s Company Profiles

  • Saint-Gobain
  • AGC Inc.
  • Corning Inc.
  • Gentex Corporation
  • PPG Industries
  • Research Frontiers Inc.
  • SCHOTT AG
  • Smartglass International Ltd.
  • Asahi Glass Co., Ltd.
  • RavenWindow
  • View Inc.
  • Pleotint LLC
  • Innovative Glass Corp.
  • Gauzy Ltd.
  • Hitachi Chemical Co., Ltd.
  • Kinestral Technologies, Inc.
  • Polytronix, Inc.
  • Switch Materials Inc.
  • Vision Systems
  • EControl-Glas GmbH & Co. KG

Smart Glass Market

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FAQs

Smart Glass Market size was valued at USD 5.13 billion in 2019 and is poised to grow from USD 5.84 billion in 2023 to USD 12.76 billion by 2031, growing at a CAGR of 10.3% in the forecast period (2024-2031).

The global smart glass market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share. 'Saint-Gobain', 'AGC Inc.', 'Corning Inc.', 'Gentex Corporation', 'PPG Industries', 'Research Frontiers Inc.', 'SCHOTT AG', 'Smartglass International Ltd.', 'Asahi Glass Co., Ltd.', 'RavenWindow', 'View Inc.', 'Pleotint LLC', 'Innovative Glass Corp.', 'Gauzy Ltd.', 'Hitachi Chemical Co., Ltd.', 'Kinestral Technologies, Inc.', 'Polytronix, Inc.', 'Switch Materials Inc.', 'Vision Systems', 'EControl-Glas GmbH & Co. KG'

To differentiate their products from the competition, many multinational vehicle manufacturers are focusing on incorporating contemporary ideas into their vehicles. Due to the increasing purchasing power of consumers over the past ten years, consumers have insisted on opting for premium features in their vehicles. The use of switchable glass is one such design choice that has flourished in the car sector. In addition to windows, rear-view mirrors, windscreens, sun visors, sunroofs, and panoramic view windows, they are used in glass panels for these items. These glass panels help in maintaining temperature and privacy in the car apart from controlling the transmission of light into the vehicle's chamber. These qualities improve passenger comfort and vehicle energy efficiency.

Ongoing construction activities and expanding infrastructure projects that allow the installation of smart glass in various residential and commercial complexes is one of the primary reasons driving the market growth. These items have energy-saving potential, contributing to a reduction in energy used by Heating, Ventilation, and Air Conditioning (HVAC) Systems. As a result of growing environmental concerns, the government has implemented several green building initiatives, which have increased the demand for products to reduce the overall carbon footprint. The market is expanding as a result of manufacturers including smart glass in sun visors, sunroofs, windscreens and rear-view mirrors as a result of significant expansion of the automotive industry and increasing demand for premium automobiles.

Europe holds the largest share of the global smart glass market. The growing interest of architects and designers in renovating and adapting existing infrastructure is responsible for the growing demand for products in this sector. The expansion of the car industry in the region, where switchable glass is used for high-end features such as sunroofs and anti-glare side mirrors, also contributes to demand.

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