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Pulished Date April, 2021
ID: 8724
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Global Smart Glass Market Research Report – Segmentation by Technology (Suspended Particle Display, Electrochromic, Liquid Crystal, Photochromic, Thermochromic), Application (Architecture, Transportation, Consumer Electronics), and Geography - Forecast to 2026

Pulished: April, 2021
ID: 8724
Pages: 175

Global Smart Glass Market Size & Growth (2021-2026)

The global smart glass market is expected to reach $13 billion by 2026, up from $6.2 billion in 2020, at a compound annual growth rate (CAGR) of 17% between 2021 and 2026.

Glass is produced by melting potash, lime, and silica at high temperature, and to modify its properties, various components are added. The smart glass includes advanced technology that can alter light transmission features based on external stimuli. These glasses have numerous applications, especially in the automotive sector, as sunroofs, mirrors, windshields, skylights, windows, and doors. Smart glass works automatically or manually to control glare, the amount of heat and light. The smart glass can be changed depending on the temperature outside. However, constant UV rays can damage smart glass.

Currently, electrochromic materials are offered in the form of smart electrochromic lenses and electrochromic films. There are a number of reasons why electrochromic materials are ideal for smart windows. This is an emerging technology, as windows made of this material can be managed manually or with the help of automation systems, providing both comfort and energy control. The abilities and properties of these materials are well understood because of their increased implementation in automatic mirrors.

The smart glass business has registered various changes and advances on the verge of technology and applications. In general, the price of smart glass is almost double to four times more than conventional windows despite technological progressions. The high cost related to these glasses limits their rapid adoption globally. Manufacturers are struggling to quantify the return on investment for end-users, and therefore its application has been mainly in the luxury and high-end sectors.

Recent Developments:

  • January 2018: Fisker introduced its new Fisker E-motion with an advanced four-segment SPD SmartGlass roof at CES 2018. In addition, the firm also envisions providing SPD-SmartGlass technology for the side windows of their new electric vehicles.
  • Spirit Lake Casino and Resort, an elegant restaurant in North Dakota, has installed smart glass to provide (customers) spectacular views of the natural environment, despite the problem of the sun's rays. The technology also helps the restaurant save money by reducing the cooling load due to weather conditions on sunny days.

Market growth and trends:

Transportation should have a significant stake

  • Smart glass has found wide application, particularly in the automotive industry, on sunroofs and on the exterior and interior mirrors with automatic dimming. Intelligent glass installations are observed at major car manufacturers such as BMW and Mercedes. Mercedes-Benz offers its S-Class Coupé, as well as other variants of the S-Class, with the popular Magic Sky Control panoramic roof option, using SPD-SmartGlass technology. Some of the advantages associated with the SPD-SmartGlass are a reduction of heat within the vehicle, protection from UV rays, glare control, reduction in noise and fuel usage.
  • Smart glass is also touted to register adoption in trains. For instance, in South Korea, a monorail train has an automatic fog up window that works while passing nearby apartments. Glazing occurs when the light-transmitting properties of the window are changed by the application of voltage, heat or light to the surface.

Drivers and Market Restraints:

Electrochromic smart glasses are the most recent and novel variants of smart glasses, which can be used in educational buildings, buildings, businesses, shops and residences, hotels, hospitals, laboratories and points of sale, commercial buildings and residential to create partitions on your walls, windows and skylights. An increase in architectural engineering investments in the architectural segment further contributes to growth by stimulating the development of the global smart electrochromic glass market. Aviation is also one of the main sectors where demand for electrochromic smart glass is expected to increase during the outlook period, which is contributing to the growth of the global electrochromic smart glass market.

Market segmentation:

The electrochromic smart glass segment is expected to experience substantial growth due to unique facets, such as reduced response time to apply a glass effect with low voltage consumption and offer a high blocking rate of dangerous IR and UV rays. Growth can also be credited to rising applications of these glasses in end-user verticals like automotive and domestic sectors.

The transportation segment registered a significant portion of the global smart glass market in 2018 and is foreseen to continue its trend during the anticipated years. Smart glass has become a primary choice for vehicle manufacturers to implement windows, mirrors, sunroofs, doors and windshields of vehicles. The growing need to reduce heat accumulation and limit the degree of display stimulates demand for products in this sector. The transportation mainly comprises the automotive, aviation, and marine industries. Of these, the automotive sector is considered as the leading consumer of switchable glass and accounted for the principal portion of revenue in 2018. The smart glass technology features protection against UV rays and manages the heat within vehicles by restricting overall energy utilization.

Regional Analysis:

North America has been the most exception region for this market in 2018 and is determined to develop further in the coming years. Strict government regulations and policies have resulted in the dominance of this regional market. In addition to the rise in overall energy savings, smart glasses also decrease maintenance costs, which promote the expansion of the local market. The United States and European governments have planned to implement electronic equipment with smart glasses, which has been mentioned to their respective transportation departments.

Smart glass is becoming one of the most popular building materials in the North American region. One of the prominent aspects of its fame is its functioning as a versatile material in buildings that can be used for numerous purposes. Furthermore, smart glass has become pivotal in the commercial design sector because of its appearance.

Key players in the market:

Some of the major companies operating in the global smart glass market are Smartglass International Limited, SAGE Electrochromics, Asahi Glass Corporation, View, Inc., Shenzhen Hongjia Glass Product Co, Dupont, Saint-Gobain SA, and Guangdong Kangde Xin Window Film Co ., Ltd.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Smart Glass Market, By Technology                 

                                6.1.1 Suspended Particle Display              

                                6.1.2 Electrochromic      

                                6.1.3 Liquid Crystal          

                                6.1.4 Photochromic        

                                6.1.5 Thermochromic    

                                6.1.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.7 Y-o-Y Growth Rate Analysis             

                                6.1.8 Market Attractiveness Index          

                6.2 Smart Glass Market, By Application                 

                                6.2.1 Architecture           

                                6.2.2 Transportation      

                                6.2.3 Consumer Electronics         

                                6.2.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2021-2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Technology       

                                7.2.3 By Application        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Technology       

                                7.3.3 By Application        

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Technology       

                                7.4.3 By Application        

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Technology       

                                7.5.3 By Application        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Technology       

                                7.6.3 By Application        

8. Key Player Analysis                                    

                8.1 Smartglass International Limited                       

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 SAGE Electrochromics                            

                8.3 Asahi Glass Corporation                        

                8.4 View, Inc                     

                8.5 Shenzhen Hongjia Glass Product Co                

                8.6 Dupont                         

                8.7 Saint-Gobain SA                       

                8.8 Guangdong Kangde Xin Window Film Co., Ltd

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of Technology, Application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Smart Glass Market By Region, From 2021-2026 ( USD Billion )
  2. Global Smart Glass Market By Technology, From 2021-2026 ( USD Billion )
  3. Global Suspended Particle Display Market By Region, From 2021-2026 ( USD Billion )
  4. Global Electrochromic Market By Region, From 2021-2026 ( USD Billion )
  5. Global Liquid Crystal Market By Region, From 2021-2026 ( USD Billion )
  6. Global Photochromic Market By Region, From 2021-2026 ( USD Billion )
  7. Global Thermochromic Market By Region, From 2021-2026 ( USD Billion )
  8. Global Smart Glass Market By Application, From 2021-2026 ( USD Billion )
  9. Global Architecture Market By Region, From 2021-2026 ( USD Billion )
  10. Global Transportation Market By Region, From 2021-2026 ( USD Billion )
  11. Global Consumer Electronics Market By Region, From 2021-2026 ( USD Billion )

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