Smart Glass Industry Overview

The global smart glass market size was estimated at USD 6.59 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 9.9% from 2023 to 2030.

The growing energy-conservation initiatives, such as green buildings and eco-friendly structures are expected to drive the market expansion. Moreover, favorable regulatory scenario facilitating financial and tax benefits is also positively influencing the market space. Rise in developments, including an increase in investment level and the establishment of industrial-scale production capacity, has contributed to the glass industry's growth. Recent trends in modern architecture, such as extensive use of window structures inside the buildings, increasing area of glazing, and maximizing external environment interference, are fueling the demand for smart solutions.

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Moreover, in multi-story buildings, smart device solution solves the problem of energy-saving and safety concerns. Many building owners and architects are striving for sustainable, green building initiatives that improve occupant health and well-being, energy efficiency, and environmental impact. Glass can be easily exchanged with old, traditional wooden windows providing an effortless transition to new technology. Products, including anti-glare frame windows and electrochromic films, are revolutionizing the glass technology industry. As end-use industries are recognizing unique aesthetics and technical attributes of smart devices, the demand for smart glass-based products is expected to increase in the near future.

Furthermore, the energy safety perspective and environmental regulations have driven the demand for energy-efficient glasses. Furthermore, reduced sun glare is the primary benefit offered by smart glass, resulting in reduced solar heat gains. According to the National Renewable Energy Laboratory, electrochromic windows reduce electricity consumption by up to 49% and decrease lighting costs by up to 51%. This has led to increased demand for electrochromic glasses in commercial buildings and transportation. Boeing 787-9 Dreamliner has incorporated electrochromic glasses in its windows. LG’s new product line of refrigerators features a darkened glass panel that illuminates to become transparent.

Photovoltaic cell-infused glass windows conserve energy by utilizing solar energy to generate electric power, thereby qualifying the construction proposal to reap the benefits of ‘The Green Building Tax Deduction’ 179D Act. Increasing regulatory initiatives to install smart glasses are expected to drive the overall market growth over the forecast period with a high degree of penetration of smart solution devices in construction. The European Union and other regional bodies have established mandates for monitoring energy efficiency to administer the levels of transparency quotient and glass tinting. Growing consumer awareness is expected to fuel market demand in the future. Glasses bestows dynamic switching functionality to its users along with façade provision, heat insulation, and associated energy savings.

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Smart Glass Market Segmentation

Grand View Research has segmented the global smart glass market report based on technology, application, control mode, and region:

Smart Glass Technology Outlook (Revenue, USD Million, 2018 - 2030)

  • Electrochromic
  • Polymer Dispersed Liquid Crystal (PDLC)
  • Suspended Particle Devices (SPD)
  • Thermochromics
  • Photochromic

Smart Glass Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Architectural
  • Transportation
  • Consumer Electronics
  • Power Generation

Smart Glass Control Mode Outlook (Revenue, USD Million, 2018 - 2030)

  • Rheostats
  • Switches
  • Remote
  • Others

Smart Glass Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)
    • UAE
    • Saudi Arabia
    • South Africa

Key Companies profiled:

  • AGC Inc.
  • ChromoGenics
  • Corning Incorporated
  • Gauzy Ltd.
  • Gentex Corporation
  • Guardian Industries Holdings, LLC
  • Halio Inc.
  • Merck KGaA (Merck Group)
  • Nippon Sheet Glass Co. Ltd.
  • PPG Industries Inc.
  • RavenWindow
  • Research Frontiers Inc.
  • Saint Goblin S.A.
  • Smartglass International
  • VELUX Group
  • View Inc.
  • Polytronix Inc.
  • Smart Glass Technologies LLC

Recent Developments

  • In October 2023, Guardian Industries Holdings, LLC introduced SunGuard SNX 70+, a triple silver-coated glass featuring a visible light transmission of 68% and a solar heat gain coefficient of 0.28 when applied to Guardian UltraClear low-iron glass. Engineered to ensure a uniform neutral reflected color, this glass maintains its aesthetic appeal whether observed directly or from an angled perspective.
  • In August 2023, Gauzy Ltd. partnered with Kolbe, a producer of top-tier windows and doors to launch a complete switchable privacy glass solution to the residential sector, enabling homeowners to effortlessly merge customized living spaces with cutting-edge integrated technology. The solution incorporates Premium Polymer Dispersed Liquid Crystal (PDLC) films, which are laminated between dual glass panes providing an innovative and adaptable privacy feature for residential applications.
  • In February 2023, AGC Inc. announced its partnership with Saint-Gobain flat glass manufacturers. This collaboration aimed to design a flat glass line which reduce CO2 emissions significantly.

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