Smart Glass and Smart Windows Market Trends, Industry | 2031
Smart Glass and Smart Windows Market Trends, Industry | 2031
Segments - Smart Glass and Smart Windows Market by Technologies (Active Glasses and Passive Glasses), Applications (Automotive, Aircraft, Marine, and Construction), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031)
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| Report ID :ICT-SE-4371
| 4.9 Rating
| 73 Reviews
| 165 Pages
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Report Description
The Global Smart Glass and Smart Windows Market size was valued at USD 6.74 Billion in 2022 and is expected to surpass USD 23.71 Billion by 2031, expanding at a CAGR of 15% during the forecast period, 2023 – 2031. Smart glass or window is a switchable glass where the light transmission properties can be easily changed by the application of voltage, heat or light.
The glass can change from transparent to translucent by altering the amount of light to pass through the glass. In such a way, the amount of solar energy transmitting through the window can be altered according to the user’s needs and the excess UV rays can be blocked from penetrating into the room.
Market Trends, Drivers, Restraints, and Opportunities
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Demand for smart glasses and windows installed in the envelopes of buildings is increasing which primarily drives the market.
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Consumer preference has shifted to smart windows and glasses owing to the benefits of smart windows such as preservation of privacy, ease of use & maintenance, energy conservation, and reduction of heat loss. This is projected to boost the market.
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Smart glasses or windows used in buildings and transportation facilitate manual control of the transparency of windows & dynamic glare, heat and light which fuels the market.
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High installation and electricity costs incurred while using smart windows and glasses discourage people to buy smart glasses that hampers the market growth.
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The establishment of new scale production capacities, increasing investments and mergers and acquisitions has led to new product development and innovation which is expected to offer lucrative opportunities for market growth.
Scope of Smart Glass and Smart Windows Market Report
The report on the global smart glass and smart windows market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Smart Glass and Smart Windows Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016 - 2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Technologies (Active Glasses and Passive Glasses), Applications (Automotive, Aircraft, Marine, and Construction) |
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Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
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Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
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Key Players Covered |
Sage Electrochromics Inc.; Saint Gobain SA; Smart glass International Ltd; Ravenbrick LLC; Pleotint LLC; View Inc; Research Frontiers Inc; Asahi Glass Co Ltd; Gentex Corporation; Hitachi Chemical Co. Ltd |
Global Smart Glass and Smart Windows Market Segment Insights
The active segment is projected to hold significant market share
Based on technologies, the smart glass and windows market can be bifurcated into active and passive glasses. The active glasses segment is expected to register a significant CAGR during the forecast period owing to popularity of active glasses over passive glasses. The adaptation of active glasses in aviation, marine, and solar power result in the expansion of segment.
Additionally, growing innovations in active smart glasses such as reaction to an electrical stimulus to initiate change is another factor that has shifted consumer preference towards active glasses. Active glasses allow the user to manually change the transmission properties of the light whereas the passive glasses do not have any such function.
The construction segment is projected to hold significant market share
On the basis of applications, the market can be categorised as automotive, aircraft, marine, and construction. The construction segment is projected to hold a significant market share. Various infrastructural projects undertaken globally have resulted in increasing demand for smart windows and glasses. Smart city projects where all the installations are technologically advanced and easy to use are being implemented globally.
Smart glasses offer various benefits, like privacy, reduction of UV rays, manual alterations, and others which shifts user preference towards these windows rather than normal glasses. Various partitions, windows, skylights, and doors are built with smart glasses to make the houses more comfortable and liveable.
Smart glasses also eliminate the requirement for blinds or curtains which serves as an added benefit. Smart glasses are also used in marine vehicles according to the shapes and sizes of different boats. These smart glasses can withstand heavy temperatures and provide privacy solutions in a luxurious environment by changing its transparency from frosted to clear with just the press of a button.
North America dominates the market
In terms of regions, the global smart glass and smart windows market can be fragmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Europe accounted for the large share in the market due to rising disposable income and implementation of various smart city projects in the region. The demand for smart glass and windows has increased substantially in the recent years due to high consumer preference and increasing awareness about the benefits offered by smart glasses.
Segments
By Technologies
- Active Glasses
- Passive Glasses
By Applications
- Automotive
- Aircraft
- Marine
- Construction
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- Sage Electrochromics Inc.
- Saint Gobain SA
- Smart glass International Ltd
- Ravenbrick LLC
- Pleotint LLC
- View Inc
- Research Frontiers Inc
- Asahi Glass Co Ltd
- Gentex Corporation
- Hitachi Chemical Co. Ltd
Competitive Landscape
Key players in the global smart glass and smart windows market include Sage Electrochromics Inc.; Saint Gobain SA; Smart glass International Ltd; Ravenbrick LLC; Pleotint LLC; View Inc; Research Frontiers Inc; Asahi Glass Co Ltd; Gentex Corporation; Hitachi Chemical Co. Ltd.
These players are widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and expand their consumer base globally.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Glass and Smart Windows Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Glass and Smart Windows Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Glass and Smart Windows Market - Supply Chain
4.5. Global Smart Glass and Smart Windows Market Forecast
4.5.1. Smart Glass and Smart Windows Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Glass and Smart Windows Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Smart Glass and Smart Windows Market Absolute $ Opportunity
5. Global Smart Glass and Smart Windows Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Smart Glass and Smart Windows Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Smart Glass and Smart Windows Demand Share Forecast, 2019-2026
6. North America Smart Glass and Smart Windows Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Smart Glass and Smart Windows Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Smart Glass and Smart Windows Demand Share Forecast, 2019-2026
7. Latin America Smart Glass and Smart Windows Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Smart Glass and Smart Windows Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Smart Glass and Smart Windows Demand Share Forecast, 2019-2026
8. Europe Smart Glass and Smart Windows Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Smart Glass and Smart Windows Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Smart Glass and Smart Windows Demand Share Forecast, 2019-2026
9. Asia Pacific Smart Glass and Smart Windows Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Smart Glass and Smart Windows Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Smart Glass and Smart Windows Demand Share Forecast, 2019-2026
10. Middle East & Africa Smart Glass and Smart Windows Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Smart Glass and Smart Windows Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Smart Glass and Smart Windows Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Smart Glass and Smart Windows Market: Market Share Analysis
11.2. Smart Glass and Smart Windows Distributors and Customers
11.3. Smart Glass and Smart Windows Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Sage Electrochromics Inc.
11.4.2. Saint Gobain SA
11.4.3. Smart glass International Ltd
11.4.4. Ravenbrick LLC
11.4.5. Pleotint LLC
11.4.6. View Inc
11.4.7. Research Frontiers Inc
11.4.8. As
Methodology
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