Automotive Smart window Market Size, Trends (2022 - 2027)
The Automotive Smart window Market was valued at USD 2.10 billion in 2021 and is expected to grow at a CAGR of 20% between 2022 and 2027 to reach USD 5.2 billion.
Automotive Smart window Market Overview:
An automatic smart window in an automobile is a piece of glass that can be turned on and off intelligently. Smart Glass uses switchable films made from a material known as a Suspended Particle Device, which is a tinted material, to provide shade. A typical tungsten oxide battery is composed of tungsten oxide atoms and a liquid electrolyte, which typically contains lithium ion ions. The driver will greatly benefit because the smart glass absorbs heat, and thus it will save him a significant amount of money on his air conditioning costs. The smart window will also prevent them from experiencing any discomfort as a result of the sun while traveling, as it rejects a large spectrum of light wavelengths. As a result, 99.0 percent of ultraviolet light is blocked, preventing the fabric from fading.
When a small electric current is passed through the film, microscopic particles combine to form a window shade that blocks up to 99.5 percent of light. When the current is turned off, the particles return to their original position, restoring transparency to the window glass. The film has been applied to the inside of the window.
Automotive Smart window Market Drivers
The growing demand for premium vehicles, as well as the use of various technologies such as electrochromic, tungsten-based, polymer dispersed liquid devices, suspended particle devices, and others, are driving the market for automotive smart windows. Customers are increasingly turning to technology for more efficient solutions to their problems, which is why switchable smart windows are more in demand than ever. Although 99.9% of the light is blocked, the driver can still operate the vehicle safely. Using smart windows, which vary their luminous and solar transmission dynamically in response to changing climatic conditions, automobiles can be made more energy efficient. These major factors are also driving the growth of the market.
Automotive Smart window Market Restraints
The high cost of smart windows and their availability in the premium car segment are the key factors hampering the growth of the Automotive Smart window market.
Automotive Smart window Key Developments
Market Size Available
2022 – 2027
2022 - 2027
By Application, Type and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Automotive Smart Window Market Segmentation as per the research report until 2027.
Automotive Smart Window Market - By Technology
Electrochromics are leading the technology segment and are expected to grow at a high rate during the forecasted period. They provide various benefits over other types of technologies to the passengers and drivers by quickly achieving a comfortable level and reducing fuel consumption. Also, keeping the interior of the car cooler by controlling EC windows increases the fuel economy.
Automotive Smart Window Market - By Type
At present, OLED glass in the type segment occupies the largest share of the market and is projected to lead in the forecasted period. OLED glass ensures a clear view of the outside, allowing drivers, passengers, and pedestrians to see road signs, pedestrians, and traffic signals. However, the self-repairing segment is expected to grow at the highest CAGR during the forecasted period.
Automotive Smart Window Market - By Vehicle type
Passenger cars are leading the vehicle segment and are expected to grow during the forecasted period. Modern lifestyles and the adoption of new technology lead to rapid growth in the demand for luxury and premium vehicles. Thus, the market for automotive smart windows is experiencing a significant expansion as a result.
Automotive Smart Window Market - By Region
North America led the automotive smart window market in 2020 and is expected to grow at a significant growth rate during the forecast period. This is because luxury cars, as well as advanced convenience features, are becoming increasingly popular. It is significant to note that one of the major factors driving the growth of this market in this region is the increase in the number of passenger cars sold.
Asia-Pacific will grow at the highest rate during the forecast period because it is the largest market for luxury vehicles and has the highest demand for luxury vehicles. As a result of the increasing demand for luxury cars in China, the country leads the region.
Automotive Smart Window Market Key Players listed in the report are,
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
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Smart Window Market, By Technology
6.1.2 Tungsten Based
6.1.3 Non-Tungsten Based
6.1.4 Photovoltaic Integrated
6.1.5 All Solid State Switchable Mirrors
6.1.6 Polymer Dispersed Liquid Device (PDLC)
6.1.7 Suspended Particle Device (SPD)
6.1.8 Market Size Estimations & Forecasts (2021-2026)
6.1.9 Y-o-Y Growth Rate Analysis
6.1.10 Market Attractiveness Index
6.2 Automotive Smart Window Market, By Type
6.2.1 OLED Glass
6.2.2 Self-dimming Window
6.2.4 Market Size Estimations & Forecasts (2021-2026)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Automotive Smart Window Market, By Vehicle type
6.3.1 Light commercial vehicles
6.3.2 Medium and heavy commercial vehicles
6.3.3 Passenger cars
6.3.4 Market Size Estimations & Forecasts (2021-2026)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Automotive Smart Window Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.2 By Technology
7.2.3 By Type
7.2.4 By Vehicle type
7.3.1 By Country
22.214.171.124 Rest of Europe
7.3.2 By Technology
7.3.3 By Type
7.3.4 By Vehicle type
7.4 Asia Pacific
7.4.1 By Country
126.96.36.199 South Korea
188.8.131.52 South East Asia
184.108.40.206 Australia & NZ
220.127.116.11 Rest of Asia-Pacific
7.4.2 By Technology
7.4.3 By Type
7.4.4 By Vehicle type
7.5 Latin America
7.5.1 By Country
18.104.22.168 Rest of Latin America
7.5.2 By Technology
7.5.3 By Type
7.5.4 By Vehicle type
7.6 Middle East and Africa
7.6.1 By Country
22.214.171.124 Middle East
7.6.2 By Technology
7.6.3 By Type
7.6.4 By Vehicle type
8. Key Player Analysis
8.1 Hitachi Chemicals
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Research Frontiers
8.3 PPG Industries
8.4 AGC Inc
8.5 Corning Corporate
8.6 Gentex Corporation
8.7 RavenBrick LLC
8.8 Pleotint LLC
8.9 View Inc
8.10 Saint Gobain
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
Some of the major players include AGC Inc, Gentex Corporation, PPG Industries, Hitachi Chemicals, and others.
North America is leading the market in terms of share in 2021.
The market is expected to grow at a rate of 20 % CAGR during the forecasted period (2021-2027).
Passenger car is leading in the Vehicle type segment
High Cost of the Smart Window in the market is restraining the growth.
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