Smart Glass Market by Technology (Electrochromic, Suspended Particle Display, Liquid Crystal, Photochromic, Thermochromic, Micro- blinds), Mechanism (Active, Passive), Control System (Manual, Remote, Mobile-based, Voice-based) - Global Forecast to 2029
Updated on : Oct 15, 2024
The global smart glass market size is expected to be valued at USD 5.8 billion in 2024 and is projected to reach USD 9.4 billion by 2029; growing at a CAGR of 9.8% during the forecast period.
Increasing awareness and adopting energy-efficient solutions are significant drivers, particularly in the construction and automotive sectors. Ongoing technological advancements, such as responsive electrochromic materials and IoT integration, present opportunities for enhanced functionality and connectivity.
The surge in urbanization, sustainability initiatives, and a growing demand for advanced safety features contribute to the expanding application of smart glass. Additionally, opportunities arise in integrating smart glass with minimalist architecture, offering functional improvement and aesthetic appeal. These factors collectively shape a dynamic landscape, positioning the smart glass industry for sustained growth and innovation.
Smart Glass Market Statistics Forecast to 2029
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Global Smart Glass Market Trends
Driver: Increasing demand for smart glass from the automotive sector
The escalating adoption of smart glass in the automotive sector is primarily driven by the heightened demand for advanced safety features, improved user experiences, and the ongoing trend toward connected and autonomous vehicles.
Smart glass technologies, including features like automatic tinting for glare reduction and Heads-Up Display (HUD) integration, address critical driver needs, enhancing overall safety and comfort. Consumers' growing preference for innovative and technologically advanced vehicles, combined with the automotive industry's focus on integrating intelligent technologies, is a significant driver propelling the increased adoption of smart glass in automotive applications.
Restraint: Technical limitations in optimal functioning of smart glass technologies
Technical limitations in smart glass technologies can include challenges related to the speed of response in transitioning between different states, such as tinted and transparent modes. Achieving a perfect balance between extreme transparency and opacity can be challenging, impacting the effectiveness of the glass in specific scenarios.
Durability concerns, such as wear and tear over time or susceptibility to environmental conditions, can affect the long-term performance of smart glass. Complex manufacturing processes, particularly for certain advanced technologies, may result in higher production costs, limiting affordability and widespread adoption. Overcoming these technical constraints requires continuous research and innovation to improve response times, durability, and cost-effectiveness, ensuring that smart glass meets the evolving demands of various industries and applications.
Opportunity: The rising potential of minimalist architecture offers a unique opportunity for the market growth of smart glass
The higher potential of minimalist architecture in smart glasses presents a noteworthy opportunity for functional improvement. The clean and uncluttered design principles of minimalist architecture align seamlessly with the desire for sleek and unobtrusive smart glass applications.
This creates an opportunity to enhance the user experience by discreetly integrating smart glass features into architectural elements, providing functionalities like dynamic tinting, energy optimization, and interactive displays without compromising the aesthetic appeal. The minimalist approach caters to a contemporary design sensibility. It allows for a more seamless incorporation of smart glass technologies into various architectural settings, unlocking the potential for a harmonious blend of functionality and aesthetics in the built environment.
Challenge: Compliance with building codes and regulations in the smart glass market
Ensuring compliance with building codes and regulations poses a significant challenge in the smart glass market. The dynamic nature of smart glass, with features like tint adjustment and transparency control, requires thorough validation against existing construction standards.
Achieving alignment with safety, privacy, and energy efficiency regulations becomes crucial, as smart glass installations must meet prescribed guidelines without compromising structural integrity or violating privacy norms. Navigating the complex landscape of diverse and evolving building codes across regions adds complexity, necessitating industry collaboration, and continuous innovation to develop smart glass solutions that seamlessly integrate with established regulatory frameworks.
Smart Glass Market Ecosystem
The smart glass market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include Saint-Gobain from France, AGC Inc. from Japan, GENTEX CORPORATION from the US, Corning Incorporated from the US, and Nippon Sheet Glass Co., Ltd from Japan, among others.
Smart Glass Market Segmentation
Smart Glass Industry Segment Overview
The electrochromic segment by technology is expected to hold the highest market share during the forecast period.
Electrochromic technology claims the largest share in the smart glass market due to its exceptional versatility and energy-efficient characteristics. Electrochromic glass enables users to dynamically control tint and transparency in response to external stimuli, such as sunlight or electrical signals.
This adaptability enhances user comfort by mitigating glare and managing indoor temperatures and significantly contributes to energy savings by reducing reliance on external shading devices or air conditioning. Its widespread adoption across residential, commercial, and automotive applications and ongoing advancements in electrochromic materials and manufacturing processes position electrochromic technology as the preferred and dominant choice in the smart glass market.
Based on the mechanism, active smart glass accounts for the highest growth rate during the forecast period.
Active mechanisms secure the highest growth rate in the smart glass market owing to their dynamic and responsive nature. Active smart glass systems, driven by external stimuli like electrical voltage or heat, provide rapid optical properties such as tint and transparency adjustments.
This real-time adaptability is particularly attractive across various applications, including smart windows in homes, offices, and automobiles, as it offers precise control over environmental factors. The demand for active mechanisms is fueled by their capability to enhance user experience by reducing glare, improving privacy, and optimizing energy efficiency. Continuous innovation in active smart glass technologies, leading to enhanced responsiveness, energy efficiency, and cost-effectiveness, positions the dynamic mechanism as a frontrunner in the smart glass market, driving its highest growth rate.
Architecture by end use to hold the highest growth rate in the smart glass market
The architecture segment accounts for the highest growth rate in the smart glass market due to increasing demand for innovative and energy-efficient solutions in the construction industry. Smart glass, with its ability to optimize natural light, regulate indoor temperatures, and enhance sustainability, aligns seamlessly with the evolving trends in modern architecture.
The integration of smart glass in both residential and commercial structures caters to a growing preference for smart and connected buildings. As sustainability becomes paramount, smart glass applications in architecture significantly create more comfortable and efficient living and working spaces.
The adaptability of smart glass to diverse architectural designs, coupled with its ability to meet the escalating consumer demand for sustainable construction practices, positions the architecture segment as a critical driver of the highest growth rate in the smart glass market.
Smart Glass Market Share
Smart glass market in the Asia Pacific region to exhibit the highest CAGR during the forecast period
Asia Pacific has the highest growth rate in the smart glass market, primarily driven by rapid urbanization, expanding construction activities, and a surge in technological adoption across the region. The burgeoning middle class and increasing disposable income contribute to the demand for advanced and energy-efficient solutions, positioning smart glass as a key player.
Government initiatives promoting sustainable building practices and integrating smart technologies further propel market growth. The automotive industry's rapid expansion in Asia Pacific, coupled with a growing focus on smart city initiatives, enhances the adoption of smart glass across diverse applications. The combination of these factors establishes Asia Pacific as a focal point for the highest growth rate in the smart glass market.
Smart Glass Market Statistics by Region
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Top Companies in Smart Glass Market - Key Market Players
The smart glass companies is dominated by players such as
- Saint-Gobain (France),
- AGC Inc. (Japan),
- GENTEX CORPORATION (US),
- Corning Incorporated (US),
- Nippon Sheet Glass Co., Ltd (Japan) and others.
Smart Glass Market Report Scope
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Report Metric |
Details |
| Estimated Market Size | USD 5.8 billion |
| Projected Market Size |
USD 9.4 billion
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| Smart Glass Market Growth Rate | CAGR of 9.8% |
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Market size available for years |
2020-2029 |
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Base year considered |
2023 |
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Forecast period |
2024-2029 |
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Forecast units |
Value (USD Thousand/Million/Billion) |
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Segments Covered |
By Technology, By Mechanism, By Control System, By End Use |
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Geographies covered |
North America, Europe, Asia Pacific, and Rest of the world (RoW) |
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Companies covered |
The major market players include Saint-Gobain (France), AGC Inc. (Japan), GENTEX CORPORATION (US), Corning Incorporated (US), Nippon Sheet Glass Co., Ltd (Japan), (Total of 25 players are profiled) |
Smart Glass Market Highlights
The study categorizes the smart glass market based on the following segments:
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Segment |
Subsegment |
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By Technology |
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By Mechanism |
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By Control System |
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By End Use |
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By Region |
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Recent Developments in Smart Glass Industry
- In October 2023, Sant-Gobain announced an investment of USD 400 million across different businesses: Glasswool, Gypsum Plasterboard, Plaster, Acoustic Ceiling, Float Glass, Solar Glass, Adhesives, Sealants, Mortars, and Ceramics in our next phase of expansion in Tamil Nadu.
- In February 2023, Saint-Gobain collaborated with AGC Inc. (Japan), a prominent company in the glass industry. They have collaborated on designing a pilot flat glass line that is expected to reduce the companies’ direct carbon dioxide (CO2) emissions. AGC’s patterned glass production line in Barevka, Czech Republic, will be refurbished into a high-performing and modernized line. The line aims to be 50% electrified and 50% fired by combining oxygen and gas.
- In December 2022, AGC Inc. announced the launch of Anti-Glare Glass, which reduces sparkle (random unevenness on a screen caused by optical factors) by approximately 30% while suppressing light reflection.
- In November 2022, Corning Incorporated unveiled its glass innovation, Corning Gorilla Glass Victus 2. With a new glass composition, Gorilla Glass Victus 2 delivers improved drop performance on rough surfaces like concrete, the world’s most abundantly engineered material, while preserving the scratch resistance of Gorilla Glass Victus.
- In March 2022, GENTEX CORPORATION announced its partnership with eSight, a leading provider of vision enhancement technology, to develop and manufacture the next generation of mobile electronic eyewear designed to help people with visual impairments.
Frequently Asked Questions(FAQs):
What are the smart glass market's major driving factors and opportunities?
Some of the major driving factors for the growth of this market include The smart glass market, which is driven by rising demand for energy-efficient solutions and technological advancements, with opportunities emerging in IoT integration for enhanced connectivity. The surge in urbanization and sustainability initiatives further fuels the adoption of smart glass, presenting significant growth opportunities in diverse applications.
Which region is expected to hold the highest market share?
Europe is anticipated to command a significant market share due to its strong emphasis on sustainable and energy-efficient solutions. Robust demand for smart glass in construction, driven by stringent environmental regulations and a focus on green building practices, positions the region as a critical adopter. European automotive manufacturers' inclination toward integrating advanced technologies, including smart glass, further contributes to market dominance. The region's proactive stance in implementing cutting-edge technologies aligns with the growing trend of smart city initiatives, propelling the adoption of smart glass
Who are the leading players in the global smart glass market?
Companies such as Saint-Gobain (France), AGC Inc. (Japan), GENTEX CORPORATION (US), Corning Incorporated (US), and Nippon Sheet Glass Co., Ltd (Japan) are the leading players in the market. Moreover, these companies rely on several strategies, including new product launches and developments, collaborations and partnerships, and acquisitions. Such methods give these companies an edge over other players in the market.
What are some of the technological advancements in the market?
Technological advancements in the smart glass market include developing more responsive electrochromic materials, allowing quicker tint adjustments. Innovations in Suspended Particle Display (SPD) technology enhance dynamic control over light transmission. Integration with the Internet of Things (IoT) enables enhanced connectivity and remote control functionalities. Advanced manufacturing processes contribute to improved durability and cost-effectiveness, driving the evolution of smart glass technologies.
What is the size of the global smart glass market?
The global smart glass market was valued at USD 5.4 billion in 2023 and is anticipated to reach USD 9.4 billion at a CAGR of 9.8% during the forecast period.
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The study involved four major activities in estimating the current size of the smart glass market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain key information about the industry’s supply chain, the market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), regional markets, and key developments from market- and technology-oriented perspectives. The secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.
List of major secondary sources
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Sources |
Web Link |
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Society of Glass Technology |
https://sgt.org/ |
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National Glass Association |
https://www.glass.org/ |
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International Electrotechnical Commission (IEC) |
https://www.iec.ch/homepage |
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The Glass and Glazing Federation (GGF) |
https://www.ggf.org.uk/ |
Primary Research
Extensive primary research was conducted after gaining knowledge about the current scenario of the smart glass market through secondary research. Several primary interviews were conducted with experts from both the demand and supply sides across four major regions—North America, Europe, Asia Pacific and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been used, along with several data triangulation methods, to perform market estimation and forecasting for the overall market segments and subsegments listed in this report. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the parameters affecting the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The following figure represents this study’s overall market size estimation process.
Bottom-Up Approach
The bottom-up approach was used to arrive at the overall size of the smart glass market from the revenues of the key players and their shares in the market. The overall market size was calculated based on the revenues of the key players identified in the market.
- Identifying entities in the smart glass value chain influencing the entire smart glass industry
- Analyzing each entity along with related major companies identifying technology providers for the implementation of products
- Estimating the market for these smart glass end users
- Tracking ongoing and upcoming implementation of smart glass developments by various companies and forecasting the market based on these developments and other critical parameters
- Arriving at the market size by analyzing smart glass companies based on their countries and then combining it to get the market estimate by region
- Verifying estimates and crosschecking them by a discussion with key opinion leaders, which include CXOs, directors, and operation managers
Top-Down Approach
In the top-down approach, the overall market size has been used to estimate the size of individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research.
The most appropriate immediate parent market size has been used to implement the top-down approach to calculate the market size of specific segments. The top-down approach has been implemented for the data extracted from the secondary research to validate the market size obtained.
Each company’s market share has been estimated to verify the revenue shares used earlier in the top-down approach. This study has determined and confirmed the overall parent market and individual market sizes by the data triangulation method and data validation through primaries. The data triangulation method in this study is explained in the next section.
- Focusing initially on topline investments by market players in the smart glass ecosystem
- Calculating the market size based on the revenue generated by market players through the sales of smart glass
- Mapping the use of smart glass in different technologies
- Building and developing the information related to the revenue generated by market players through key products
- Estimating the geographic split using secondary sources considering factors, such as the number of players in a specific country and region, the role of major players in the development of innovative products, and adoption and penetration rates in a particular country for various technologies, mechanisms, control systems, and end uses.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The data triangulation procedure has been employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size has been validated using top-down and bottom-up approaches.
Market Definition
Smart glass, also known as switchable, dimmable, or magic glass, can adjust the light transmission properties dynamically or statically, depending on the stimuli. The stimuli altering the light transmission properties could be light, voltage, or heat. It does not require electricity to maintain its opacity or change color. The installation of smart glass helps reduce the energy spent on heating, ventilation, and air conditioning (HVAC) and lighting systems and improves the indoor environmental quality of buildings. Electrochromic glass, which can be directly controlled by building occupants, is popular for enhancing occupant comfort, maximizing access to daylight and outdoor views, reducing energy costs, and providing architects with more design freedom.
Key Stakeholders
- Smart glass manufacturers
- Building material suppliers
- Switchable (metal-oxide) film manufacturers
- Dimmable/smart glass film manufacturers
- Aerospace and automotive glass industry players
- Architects and building owners
- Smart glass-related technology investors
- Advanced glass and film technology researchers and developers
- End users
- Research institutes and organizations
- Market research and consulting firms
- Smart glass buyers
- Smart glass technology providers
Report Objectives
- To describe and forecast the smart glass market, by technology, mechanism, control system, and end use, in terms of value
- To forecast the smart glass market, technology in terms of volume
- To forecast the market size for various segments with regard to four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value
- To provide detailed information regarding the major factors influencing the growth of the smart glass market (drivers, restraints, opportunities, and challenges)
- To analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To study the complete value chain and allied industry segments and perform a value chain analysis of the smart glass landscape
- To strategically analyze the ecosystem, regulatory landscape, patent landscape, Porter’s five forces, import and export scenarios, trade landscape, case studies pertaining to the market under study.
- To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the smart glass market
- To profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape for the market leaders
- To track and analyze competitive developments, such as partnerships, collaborations, agreements, mergers and acquisitions, expansions, product launches, and other developments in the market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to 5)
- Additional country-level analysis of the smart glass market
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the smart glass market.
Generating Response ...
Growth opportunities and latent adjacency in Smart Glass Market
Do you have forecasts for the total glass market that would serve as the potential for retrofitting/replacement with Smart Glass?
Reasons why photochromic technology has not been incorporated for manufacturing of smart glass? Details such as it's cost, technological short comings, etc.
I want the list of manufacturers of smart glasses in US with their product prices, because I will sale the best one in KSA as representative of best products.
I came across your report and the segments "Consumer Electronics" and "Power Generation Plant" really caught my eye. What we primarily do is manufacture these glasses for aircraft, vehicles and buildings. If you could explain what goes into consumer electronics and solar power generation, I could have a word with my manager and we could take this ahead. Looking forward to your timely response.
I am interested in Smart Glasses + Touched, separately. Information for the European and Middle East markets , if there are any import figures / country , and market shares among the producing companies , and any general marketing info's !
I am interested in Smart Glasses + Touched, separately. Information for the European and Middle East markets , if there are any import figures / country , and market shares among the producing companies , and any general marketing info's !
I'm looking for data on enterprise use of smart glasses, to create a graphic to accompany a Wall Street Journal article.
I am only interested in the Automotive sector for smart glass report. So if you could customize it so we could reduce the whole report scope I'd appreciate a new quote, considering the actual price is way over my budget.
We have a client who is interested in the smart glass market. He is especially interested in data about installed square meter of facades, installed square meters of glass and installed square meter of smart glass in the following regions: World, Europe, Germany. Further he is interested in the potential of smart glass in the future. We would like to know if the study comprises such data? Furthermore which sources you used to get the data (in general)? Our client likes to purchase a study, but is uncertain about the quality of the data. I would very much appreciate your support. It is possible to get a sample?
I am interested in penetration and growth rates of the major smart glass players (Sage, View, Gauzy, Scienstry, Pleating)
I want to know market trend of using smart glass in 10 years down the road; or any related information about smart glass.
Our company is interested in know more about Smart Glass applications in Aerospace industry, in order to start a pilot trial in our MRO.
I am interested in knowing the Architecture growth in North America, energy savings, renovation vs new construction. Also, which company has best technology?
We are examining the needs of smart glass and the market price. Also, I would like to know why it is expanding in the West and not in Asia.