Smart Glass Market

Smart Glass Market with COVID-19 Impact by Technology (Suspended Particle Display, Electrochromic, Liquid Crystal), Application (Architecture, Transportation, Consumer Electronics), and Geography - Global Forecast to 2025

Report Code: SE 2552 Sep, 2020, by marketsandmarkets.com

[186 Pages Report] The smart glass market size is expected to grow from USD 3.8 billion in 2020 to USD 6.8 billion by 2025, at a CAGR of 12.1% during the forecast period. The growth of the smart glass industry is driven by factors, such as the growing adoption of smart glass in automotive application and, declining prices for eletrochromic material.Other major driving factors for smart glass  adoption  include supportive government mandates and legislation on energy efficiency. Governing bodies of various countries are increasingly encouraging the use of these energy-efficient products. Smart glass has inherent energy-saving and auto-dimming properties, which reduce its maintenance cost. As a result, the perceived benefits of these glass products are more than the incurred investments.

Smart Glass Market

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COVID-19 impact on the smart glass market

COVID-19 has severely impacted the growth of the global smart glass industry. Global sales of smart glass for major applications such as architecture and automotive are expected to decline by 10–15% in this fiscal year, depending upon the progression of the virus in different parts of the world. The decline in the number of new construction projects and the temporary shutdown of manufacturing facilities are some of the factors hampering the growth of the smart glass market. However, the short-term supply chain disruptions are expected to affect market growth in key regions. COVID-19 has severely impacted the global automotive industry, wherein a number of automobile production facilities across the world have been shut down. Global automotive sales are expected to decline by 8–10% in this fiscal year, depending upon the progression of the virus.

Market dynamics

DRIVERS

  • Growing demand for smart glass in automobile applications

The automobile industry is growing at a fast pace since its revival after the financial meltdown in 2008. Renewed consumer confidence in the economy and higher spending have driven up the sales of light- and heavy-duty vehicles. The demand for automotive glass is influenced by several factors. The replacement volume of glasses increases with an increase in the total vehicle population and number of miles driven. Severe weather and road conditions can also increase the demand for automotive glass repair and replacement. However, consumers tend to defer fixing minor damage to a windscreen until a vehicle trade-in or sale or vehicle inspection. Therefore, sales of new vehicles, turnover of used vehicles, and laws for vehicle inspection influence the demand differently for smart glass in the automotive application in countries.

Smart glass is ideal for automobile, aviation, and any other transportation applications requiring heat and glare control. In the automotive sector, smart glass is used in applications such as rearview mirrors, windows, sunroofs, and windshields. Smart glass provides protection from harmful ultraviolet (UV) rays, reduces glare, helps control the heat inside the vehicle, and reduces energy consumed over temperature maintenance.

RESTRAINTS

  • Higher cost of smart glass

Smart glass was used for the first time in the 1980s, but the technology was commercialized after 2000. The smart glass industry has undergone many changes and advancements in terms of technologies and applications. The cost of smart glass is 2 to 4 times higher than that of conventional windows and glass due to significant technological advancements. The high cost of these glasses deters its large-scale adoption. Manufacturers find it difficult to quantify the ROI to end users and, hence, its major application can be found across the high-end and luxury verticals.

While the smart glass technology was introduced to the market almost a decade back, it is only in the last couple of years that manufacturers have secured the funding and support necessary to launch large volume production. With the opening of large volume manufacturing facilities, manufacturers are expected to achieve economies of scale, which, in turn, will lower the cost. With the increasing volume of production, the cost of smart glass is estimated to reduce by 30%–40%.

OPPORTUNITIES

  • High potential in solar power generation plants

The cost associated with energy is constantly increasing; consequently, the demand for unconventional power sources has been on the rise over the last decade. Solar energy is one of the alternatives to conventional sources of energy. The performances of photochromic and thermochromic smart glasses are directly or indirectly dependent on sunlight. The use of such auto-dimmable smart glass helps reduce electricity consumption to a great extent, especially for heating and cooling systems.

One of the emerging applications of smart glass is solar power generation plants. Smart glass is used in solar panels to absorb the maximum amount of light to generate electricity. The solar power generation sector is expected to offer many opportunities for smart glass applications in the future.

CHALLENGES

  • Lack of awareness of long-term benefits of smart glass

There is limited awareness in the market of the characteristic benefits of smart glass as the technology has only been commercialized for few applications across different verticals. The current stage of commercialization and adoption of smart glass in application areas such as automotive and architecture indicates the booming of the market, with industry participants and architects experiencing the benefits offered by the smart glass technology; as a result, this technology has gained a lot of traction in the past 2 years. However, there is a further need to educate the end users about its application as an energy-efficient, eco-friendly, and potential technology of the future.

Electrochromic technology segment to hold the largest share of the  smart glass market during the forecast period

The electrochromic smart glass technology dominated the smart glass market. The electrochromic technology has long been used in rearview mirrors across the automotive sector. With the recent advancements, it has also found applications in switchable windows, sunroofs, and so on. Though the electrochromic smart window technology is not used much in the architecture or building applications, it is expected to revolutionize the architecture sector in the coming years, accounting for a major share of the market by 2025. Commercial buildings (corporate and government) are expected to be early adopters of the electrochromic technology.

Transportation application to hold the largest market size during the forecast period

The transportation application is expected to be largest share of the smart glass market during forecast period, as many automobile manufacturers have been incorporating smart glass materials in their vehicle designs to benefit from its antiglare property, remote access capacity, and dynamic light emission adjustment properties. In transportation another major application area for smart glass are in the  form of doors, windows, sunroofs, windshields, rearview mirrors, and skylights. Smart glasses help minimize heat generation, provide shading, limit the viewing scope, and offer privacy to users.

UK is expected to hold the largest market size during the forecast period

UK is expected to lead the overall smart glass market in the coming years. Technological advancements and a recovering economy act as driving factors during the growth period. Rapidly increasing energy cost is likely to trigger the demand for energy-efficient products. The ability of smart glass to reduce the overall energy consumption of a building while offering attractive features such as on-demand privacy or glare-control is expected to multiply its applications.In extreme weather conditions prevalent in several areas of Europe, smart glass offers a suitable solution for maintaining the internal temperature of buildings or vehicles, thus saving the overall energy costs.

Smart Glass Market by Region

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In 2019, the smart glass market was dominated by Saint Gobain (France), AGC Inc (Japan), Research Fronteirs (US), Gentex Corporation (US), and Veiw Inc (US). A few strategies adopted by these players to compete in the smart glassmarket include product launches and development, partnerships, and mergers and acquisition.

Scope of the Report:

Report Metric

Details

Market size available for years

2017–2025

Base year

2019

Forecast period

2020–2025

Units

Value (USD Million/ Billion),

Segments covered

Technology, Applications, Control mode and Geography

Region covered

North America, Europe,APAC and RoW

Companies covered

Saint-Gobain (France), AGC Inc. (Japan), NSG Group (Japan), research frontier (US), and Gentex Corporation (US, View Inc.(US), Polytronix (US), and Pleotint(US), AGP Americas (US), Smartglass International (Ireland), Innovative Glass Corp (US), Hitachi Chemicals (Japan), SPD Control Systems (US), Fuyao Glass (China), TaiwanGlass Group (Taiwan), Central Glass (Japan), among others.

This report categorizes the  smart glass market based on the technology , applications, control mode, and region.

Market By Technology

  • Introduction
  • Technological Trends
    • Photovoltaic And Oled Lighting
    • 3D Gorilla Glass
    • Smart Controls For smart Glass
  • Comparison Of Technologies
  • Electrical Installation Of smart Glass
  • Low-E Glass
  • Active Glass
    • Suspended Particle Display
    • Electrochromic Glass
    • Liquid Crystals (LCs)/Polymer Dispersed Liquid Crystals (PDLCs) Glass
    • Micro-Blinds
    • Nanocrystals
  • Passive Glass
    • Photochromic Glass
    •  Thermochromic Glass

Smart Glass Market, By Mode Of Control (Qualitative Chapter)

  • Introduction
  • Switches
  • Dimmer
  • Remote
  • Others

Market By End-Use

  • Introduction
  • Architectural 
    • Commercial
    • Educational Buildings
    • Corporate
    • Healthcare and Lab Facilities
    • Retail
    • Residential
  • Transportation 
    • Automotive
      • Sunroofs
      • Rear View Mirrors
      • Windows
      • Windshields
      • Bus/Rail
    • Aerospace
      • Dimmable Windows
      • Exit Doors
    • Marine
      • Windows
      • Skylight
    • Power Generation Plant (Solar)
    • Consumer Electronics and Others
      • Others
      • Museum Artwork Exposition
      • Sunglasses

By Geography:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Rest of Europe (include Sweden, Russia, Switzerland, the Netherlands, Belgium, Spain, Finland, and other Nordic countries)
  • APAC
    • China
    • Japan
    • South Korea
    • India
    •  Rest of APAC (Includes Australia, Singapore, Taiwan, Malaysia, the Philippines, and other Southeast Asian countries)
  • RoW
    • South America
    • Middle East and Africa

Recent market developments

  • In May 2019, NSG Group entered a joint development agreement between its subsidiary and Ubiquitous Energy, a leader in transparent solar technology. The ongoing joint development work targets the development, manufacture, and integration of Ubiquitous Energy’s ClearView Power technology into architectural window glass that has the potential to produce solar electricity for buildings.
  • In December 2018,. AGC became the first in the world to utilize anti-fogging glass (exeview) technology capable of maintaining a clear field of vision for drivers, in Copen Coupe from Daihatsu motors
  • In October  2018,. NSG Group selected a new location in Troy Township, Ohio (US), for its new glass production facility in the United States. The new plant will support the Group’s plan to expand the production capacity of online TCO (transparent conductive oxide) coated glass to support the growing solar market
  • In Feb 2018, Research Frontiers signed an agreement with Arrow Electronics (US), a global electronic solution distributor and service provider, to expand its distribution channels. The agreement has helped enhance the company’s ability to serve the demands of the managed detection and response market through security resellers.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 23)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 SCOPE OF MARKET
        FIGURE 1 MARKETS COVERED
           1.3.1 GEOGRAPHIC SCOPE
    1.4 YEARS CONSIDERED FOR STUDY
    1.5 CURRENCY
    1.6 PACKAGE SIZE
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 27)
    2.1 RESEARCH DATA
        FIGURE 2 SMART GLASS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                 FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 6 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 7 PROCESS FLOW OF MARKET SIZE ESTIMATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 RISK

3 EXECUTIVE SUMMARY (Page No. - 37)
  FIGURE 8 PRE- AND POST-COVID-19 IMPACT ANALYSIS FOR SMART GLASS MARKET
  TABLE 1 COVID-19 IMPACT ANALYSIS FOR SMART GLASS MARKET, 2017–2025 (USD MILLION)
  TABLE 2 SMART GLASS MARKET, 2017–2025 (USD MILLION/MILLION UNITS)
  FIGURE 9 SMART GLASS MARKET, BY APPLICATION: ARCHITECTURE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
  FIGURE 10 ELECTROCHROMIC TECHNOLOGY TO DOMINATE SMART GLASS MARKET DURING FORECAST PERIOD
  FIGURE 11 SMART GLASS MARKET, BY REGION, 2019

4 PREMIUM INSIGHTS (Page No. - 42)
    4.1 ATTRACTIVE OPPORTUNITIES IN SMART GLASS MARKET
        FIGURE 12 FAVORABLE GOVERNMENT REGULATIONS AND DEMAND FROM AUTOMOTIVE AND ARCHITECTURE SECTORS DRIVING SMART GLASS MARKET
    4.2 SMART GLASS MARKET—TOP TECHNOLOGIES
        FIGURE 13 ELECTROCHROMIC TECHNOLOGY TO HOLD LARGEST SHARE OF SMART GLASS MARKET DURING FORECAST PERIOD
    4.3 SMART GLASS MARKET IN EUROPE, BY TECHNOLOGY AND COUNTRY
        FIGURE 14 UK AND SPD HELD LARGEST SHARE OF EUROPEAN SMART GLASS MARKET IN 2019
    4.4 COUNTRY-WISE ANALYSIS OF SMART GLASS MARKET
        FIGURE 15 US HELD LARGEST SHARE OF SMART GLASS MARKET IN 2019

5 MARKET OVERVIEW (Page No. - 45)
    5.1 INTRODUCTION
    5.2 VALUE CHAIN ANALYSIS
        FIGURE 16 VALUE CHAIN ANALYSIS: SMART GLASS MARKET
    5.3 PATENT ANALYSIS
        FIGURE 17 SMART GLASS TECHNOLOGY – PATENT ANALYSIS FOR 2017–2019
    5.4 MARKET DYNAMICS
        FIGURE 18 GROWING DEMAND FOR SMART GLASS IN AUTOMOBILE APPLICATIONS DRIVES SMART GLASS MARKET
           5.4.1 DRIVERS
                    5.4.1.1 Growing demand for smart glass in automobile applications
                            FIGURE 19 GROWING DEMAND FOR CARS TO SPUR MARKET GROWTH
                    5.4.1.2 Declining prices of electrochromic materials
                    5.4.1.3 Strong government support through mandates and legislations for energy-efficient construction
                    5.4.1.4 Optimal energy saving through smart glass applications
                            FIGURE 20 MARKET GROWTH PROJECTIONS CONSIDERING DRIVERS
           5.4.2 RESTRAINTS
                    5.4.2.1 Higher cost of smart glass
                    5.4.2.2 Technical issues related to performance of smart glass
           5.4.3 OPPORTUNITIES
                    5.4.3.1 High potential in solar power generation plants
                    5.4.3.2 Tapping potential avenues
                    5.4.3.3 Emerging eco-friendly buildings
                    5.4.3.4 Increasing demand for energy-efficient products
                            FIGURE 21 MARKET GROWTH PROJECTIONS CONSIDERING OPPORTUNITIES
           5.4.4 CHALLENGES
                    5.4.4.1 High initial cost for R&D and manufacturing
                    5.4.4.2 Lack of awareness of long-term benefits of smart glass
                            FIGURE 22 MARKET GROWTH PROJECTIONS CONSIDERING CHALLENGES & RESTRAINTS

6 SMART GLASS MARKET, INDUSTRY TRENDS (Page No. - 55)
    6.1 EMERGING TRENDS IN SMART GLASS MARKET BY TECHNOLOGY
    6.2 GROWING ADOPTION OF SMART GLASS IN HEALTHCARE APPLICATION DUE TO COVID-19
    6.3 STANDARD AND REGULATION ANALYSIS
    6.4 AVERAGE SELLING PRICE TREND
        FIGURE 23 AVERAGE SELLING PRICE TREND

7 SMART GLASS MARKET, BY TECHNOLOGY (Page No. - 59)
    7.1 INTRODUCTION
        FIGURE 24 SMART GLASS MARKET FOR SPD TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 3 SMART GLASS MARKET, BY TECHNOLOGY, 2017–2025 (USD MILLION)
        TABLE 4 SMART GLASS MARKET, BY TECHNOLOGY, 2017–2025 (MILLION UNITS)
           7.1.1 TECHNOLOGICAL TRENDS
           7.1.2 TRENDS
                    7.1.2.1 Photovoltaic and OLED lighting
                    7.1.2.2 3d gorilla glass
                    7.1.2.3 Smart controls for smart glass
           7.1.3 COMPARISON OF TECHNOLOGIES
                 TABLE 5 SMART GLASS CHARACTERISTICS BASED ON TECHNOLOGY
           7.1.4 ELECTRICAL INSTALLATION OF SMART GLASS
                 TABLE 6 TRANSFORMER DETAILS FOR SMART GLASS PANELS
    7.2 ACTIVE GLASS
           7.2.1 SUSPENDED PARTICLE DISPLAY (SPD)
                    7.2.1.1 SPD technology provides more control to manage natural light, heat, and temperature in buildings
                            FIGURE 25 ARCHITECTURE TO HOLD LARGEST SIZE OF SPD SMART GLASS MARKET DURING FORECAST PERIOD
                            TABLE 7 SPD SMART GLASS MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
                            TABLE 8 SPD SMART GLASS MARKET FOR ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 9 SPD SMART GLASS MARKET FOR COMMERCIAL ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
                            FIGURE 26 SMART GLASS MARKET FOR MARINE TRANSPORTATION TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                            TABLE 10 SPD SMART GLASS MARKET FOR TRANSPORTATION, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 11 SPD SMART GLASS MARKET FOR AUTOMOTIVE, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 12 SPD SMART GLASS MARKET, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 13 SPD SMART GLASS MARKET FOR ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 14 SPD SMART GLASS MARKET FOR COMMERCIAL ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 15 SPD SMART GLASS MARKET FOR RESIDENTIAL ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 16 SPD SMART GLASS MARKET FOR TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 17 SPD SMART GLASS MARKET FOR AUTOMOTIVE TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 18 SPD SMART GLASS MARKET FOR RAIL TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 19 SPD SMART GLASS MARKET FOR AVIATION TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 20 SPD SMART GLASS MARKET FOR MARINE TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
           7.2.2 ELECTROCHROMIC GLASS
                    7.2.2.1 Electrochromic smart glass market held largest market size in 2019
                    7.2.2.2 Electrochromic smart glass market, by application
                            FIGURE 27 ELECTROCHROMIC SMART GLASS MARKET FOR TRANSPORTATION TO HOLD LARGEST MARKET SHARE BY 2025
                            TABLE 21 ELECTROCHROMIC SMART GLASS MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
                            TABLE 22 ELECTROCHROMIC SMART GLASS MARKET FOR ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 23 ELECTROCHROMIC SMART GLASS MARKET FOR COMMERCIAL ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 24 ELECTROCHROMIC SMART GLASS MARKET FOR TRANSPORTATION, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 25 ELECTROCHROMIC SMART GLASS MARKET FOR AUTOMOTIVE TRANSPORTATION, BY TYPE, 2017–2025 (USD MILLION)
                            FIGURE 28 NORTH AMERICA TO HOLD LARGEST SIZE OF ELECTROCHROMIC SMART GLASS MARKET BY 2025
                            TABLE 26 ELECTROCHROMIC SMART GLASS MARKET, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 27 ELECTROCHROMIC SMART GLASS MARKET FOR ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 28 ELECTROCHROMIC SMART GLASS MARKET FOR COMMERCIAL ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 29 ELECTROCHROMIC SMART GLASS MARKET FOR RESIDENTIAL ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 30 ELECTROCHROMIC SMART GLASS MARKET FOR TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 31 ELECTROCHROMIC SMART GLASS MARKET FOR AUTOMOTIVE TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 32 ELECTROCHROMIC SMART GLASS MARKET IN RAIL TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 33 ELECTROCHROMIC SMART GLASS MARKET FOR AVIATION TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 34 ELECTROCHROMIC SMART GLASS MARKET FOR MARINE TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
           7.2.3 LIQUID CRYSTALS (LC)
                    7.2.3.1 LC glass primarily suitable for end-use applications requiring complete privacy
                            FIGURE 29 LC SMART GLASS MARKET FOR ARCHITECTURE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                            TABLE 35 LC SMART GLASS MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
                            TABLE 36 LC SMART GLASS MARKET FOR ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 37 LC SMART GLASS MARKET FOR COMMERCIAL ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 38 LC SMART GLASS MARKET FOR TRANSPORTATION, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 39 LC SMART GLASS MARKET FOR AUTOMOTIVE TRANSPORTATION, BY TYPE, 2017–2025 (USD MILLION)
                            FIGURE 30 NORTH AMERICA TO HOLD LARGEST SIZE OF SMART GLASS MARKET FOR LC BY 2025
                            TABLE 40 LC SMART GLASS MARKET, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 41 LC SMART GLASS MARKET FOR ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 42 LC SMART GLASS MARKET FOR COMMERCIAL ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 43 LC SMART GLASS MARKET FOR RESIDENTIAL ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 44 LC SMART GLASS MARKET FOR TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 45 LC SMART GLASS MARKET FOR AUTOMOTIVE TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 46 LC SMART GLASS MARKET IN RAIL TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 47 LC SMART GLASS MARKET FOR AVIATION TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
                            TABLE 48 LC SMART GLASS MARKET FOR MARINE TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
           7.2.4 MICRO-BLINDS
                    7.2.4.1 Micro-blind offers high switching speed, UV durability, customized appearance, and cost-effectiveness
                            TABLE 49 MICRO-BLIND SMART GLASS MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
                    7.2.4.2 Micro-blind smart glass market, by region
                            TABLE 50 MICRO-BLIND SMART GLASS MARKET, BY REGION, 2017–2025 (USD MILLION)
           7.2.5 NANOCRYSTALS
                    7.2.5.1 Nanocrystals offer enhanced lighting, heating, and cooling efficiency in buildings
    7.3 PASSIVE GLASS
           7.3.1 PHOTOCHROMIC GLASS
                    7.3.1.1 Photochromic most suitable for display panel and memory device applications
                            TABLE 51 TECHNOLOGICAL CHALLENGES AND SHORTCOMINGS OF PHOTOCHROMIC GLASS
                    7.3.1.2 Photochromic smart glass market, by application
                            TABLE 52 PHOTOCHROMIC SMART GLASS MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
                            FIGURE 31 PHOTOCHROMIC SMART GLASS MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                            TABLE 53 PHOTOCHROMIC SMART GLASS MARKET, BY REGION, 2017–2025 (USD MILLION)
           7.3.2 THERMOCHROMIC GLASS
                    7.3.2.1 Thermochromics glass uses solar energy to change from being transparent to opaque
                            TABLE 54 THERMOCHROMIC SMART GLASS MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
                            TABLE 55 THERMOCHROMIC SMART GLASS MARKET FOR ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 56 THERMOCHROMIC SMART GLASS MARKET FOR COMMERCIAL ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
                    7.3.2.2 Thermochromic smart glass market, by region
                            FIGURE 32 NORTH AMERICA TO HOLD LARGEST SIZE OF THERMOCHROMIC SMART GLASS MARKET DURING FORECAST PERIOD
                            TABLE 57 THERMOCHROMIC SMART GLASS MARKET, BY REGION, 2017–2025 (USD MILLION)

8 SMART GLASS MARKET, BY APPLICATION (Page No. - 93)
    8.1 INTRODUCTION
        FIGURE 33 ARCHITECTURE TO GROW AT HIGHEST CAGR IN SMART GLASS MARKET DURING FORECAST PERIOD
        TABLE 58 SMART GLASS MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
    8.2 ARCHITECTURE
           8.2.1 STRINGENT GOVERNMENT REGULATIONS AND GREEN BUILDING CODES TO DRIVE MARKET
                 FIGURE 34 USE OF SMART GLASS IN ARCHITECTURE APPLICATION
    8.3 USE CASES: ARCHITECTURE APPLICATION
        FIGURE 35 SPD TO HOLD LARGEST SIZE IN SMART GLASS MARKET FOR ARCHITECTURE DURING FORECAST PERIOD
        TABLE 59 SMART GLASS MARKET FOR ARCHITECTURE, BY TECHNOLOGY, 2017–2025 (USD MILLION)
        TABLE 60 SMART GLASS MARKET FOR ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
           8.3.1 COMMERCIAL
                 FIGURE 36 FEATURES OF SMART GLASS IN ARCHITECTURE APPLICATION
                    8.3.1.1 Education
                    8.3.1.2 Corporate
                    8.3.1.3 Healthcare and lab facilities
                            FIGURE 37 SMART GLASS APPLICATIONS IN HEALTHCARE AND LAB FACILITIES
                               8.3.1.3.1 External windows
                               8.3.1.3.2 Isolation screens
                    8.3.1.4 Government and others
                               8.3.1.4.1 Projection screens
                               8.3.1.4.2 Adverting display
           8.3.2 RESIDENTIAL
    8.4 TRANSPORTATION
           8.4.1 INCREASING ADOPTION OF SMART GLASS BY MAJOR AUTOMOTIVE MANUFACTURERS TO DRIVE DEMAND DURING FORECAST PERIOD
                 FIGURE 38 SPD TO GROW AT HIGHEST CAGR IN SMART GLASS MARKET FOR TRANSPORTATION DURING FORECAST PERIOD
                 TABLE 61 SMART GLASS MARKET FOR TRANSPORTATION, BY TECHNOLOGY, 2017–2025 (USD MILLION)
                 TABLE 62 SMART GLASS MARKET FOR TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
           8.4.2 AUTOMOTIVE
                 FIGURE 39 SMART GLASS APPLICATIONS IN AUTOMOTIVE
                    8.4.2.1 Sunroofs
                    8.4.2.2 Rearview mirrors
                    8.4.2.3 Windows
                    8.4.2.4 Windshields
           8.4.3 BUS/RAIL
           8.4.4 AEROSPACE
                    8.4.4.1 Dimmable windows
                    8.4.4.2 Exit doors
                    8.4.4.3 Use cases: Aviation application
           8.4.5 MARINE
                    8.4.5.1 Windows
                    8.4.5.2 Skylight
    8.5 POWER GENERATION PLANTS (SOLAR)
           8.5.1 GROWING USE OF PHOTOCHROMIC SMART GLASS IN SOLAR POWER GENERATION EQUIPMENT TO DRIVE DEMAND
                 TABLE 63 SMART GLASS MARKET FOR POWER GENERATION (SOLAR), BY TECHNOLOGY, 2017–2025 (USD MILLION)
                 TABLE 64 SMART GLASS MARKET FOR POWER GENERATION (SOLAR), BY REGION, 2017–2025 (USD MILLION)
    8.6 CONSUMER ELECTRONICS & OTHERS
           8.6.1 GROWING POPULARITY OF SMART GLASS IN ELECTRONICS APPLICATION TO DRIVE MARKET GROWTH
           8.6.2 OTHERS
                    8.6.2.1 Museums and artwork exhibitions
                    8.6.2.2 Sunglasses
                            FIGURE 40 ELECTROCHROMIC EXPECTED TO HOLD LARGEST SIZE OF SMART GLASS MARKET FOR CONSUMER ELECTRONICS & OTHERS DURING FORECAST PERIOD
                            TABLE 65 SMART GLASS MARKET FOR CONSUMER ELECTRONICS & OTHERS, BY TECHNOLOGY, 2017–2025 (USD MILLION)
                            TABLE 66 SMART GLASS MARKET FOR CONSUMER ELECTRONICS & OTHERS, BY REGION, 2017–2025 (USD MILLION)

9 SMART GLASS MARKET, BY CONTROL MODE (Page No. - 112)
    9.1 DIMMERS
    9.2 SWITCHES
    9.3 REMOTE CONTROL
    9.4 OTHERS

10 GEOGRAPHIC ANALYSIS (Page No. - 114)
     10.1 INTRODUCTION
          FIGURE 41 SMART GLASS MARKET IN EUROPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 67 SMART GLASS MARKET, BY REGION, 2017–2025 (USD MILLION)
     10.2 NORTH AMERICA
          FIGURE 42 NORTH AMERICA: MARKET SNAPSHOT
          TABLE 68 SMART GLASS MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2017–2025 (USD MILLION)
          TABLE 69 SMART GLASS MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
             10.2.1 US
                        10.2.1.1 Stringent green building regulations and government tax incentives to drive demand for energy-efficient products
             10.2.2 CANADA
                        10.2.2.1 Favorable government incentives for energy-efficient products to drive market
             10.2.3 MEXICO
                        10.2.3.1 Growing adoption of smart glass by major automotive manufacturers to provide promising growth opportunities
                                 TABLE 70 SMART GLASS MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)
                                 TABLE 71 SMART GLASS MARKET IN US, BY APPLICATION, 2017–2025 (USD MILLION)
                                 TABLE 72 SMART GLASS MARKET IN CANADA, BY APPLICATION, 2017–2025 (USD MILLION)
                                 TABLE 73 SMART GLASS MARKET IN MEXICO, BY APPLICATION, 2017–2025 (USD MILLION)
     10.3 EUROPE
          FIGURE 43 EUROPE: MARKET SNAPSHOT
          TABLE 74 SMART GLASS MARKET IN EUROPE, BY TECHNOLOGY, 2017–2025 (USD MILLION)
          TABLE 75 SMART GLASS MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
             10.3.1 UK
                        10.3.1.1 Growing industrialization and government policies to curb energy consumption to propel market growth
             10.3.2 GERMANY
                        10.3.2.1 Increasing adoption of smart glass in automotive application to drive demand
             10.3.3 FRANCE
                        10.3.3.1 Stringent government regulations to drive market growth
             10.3.4 ITALY
                        10.3.4.1 Increasing demand for smart glass from architecture application to boost market growth
             10.3.5 REST OF EUROPE
                    TABLE 76 SMART GLASS MARKET IN EUROPE, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 77 SMART GLASS MARKET IN UK, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 78 SMART GLASS MARKET IN GERMANY, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 79 SMART GLASS MARKET IN FRANCE, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 80 SMART GLASS MARKET IN ITALY, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 81 SMART GLASS MARKET IN REST OF EUROPE, BY APPLICATION, 2017–2025(USD MILLION)
     10.4 APAC
          FIGURE 44 APAC: MARKET SNAPSHOT
          TABLE 82 SMART GLASS MARKET IN APAC, BY TECHNOLOGY,  2017–2025 (USD MILLION)
          TABLE 83 SMART GLASS MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 Increasing demand for energy-efficient products and favorable government policy to drive market
             10.4.2 JAPAN
                        10.4.2.1 Presence of major smart glass manufacturers and government regulations to support market growth
             10.4.3 SOUTH KOREA
                        10.4.3.1 Growing demand for smart glass windows for architecture application to drive market growth
             10.4.4 INDIA
                        10.4.4.1 Growing awareness regarding energy-efficient glass to drive market
             10.4.5 REST OF APAC
                    TABLE 84 SMART GLASS MARKET IN APAC, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 85 SMART GLASS MARKET IN CHINA, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 86 SMART GLASS MARKET IN JAPAN, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 87 SMART GLASS MARKET IN SOUTH KOREA, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 88 SMART GLASS MARKET IN INDIA, BY APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 89 SMART GLASS MARKET IN REST OF APAC, BY APPLICATION, 2017–2025 (USD MILLION)
     10.5 ROW
          TABLE 90 SMART GLASS MARKET IN ROW, BY TECHNOLOGY, 2017–2025 (USD MILLION)
             10.5.1 SOUTH AMERICA
                        10.5.1.1 Growing demand for smart glass in infrastructure and transportation sectors
             10.5.2 MIDDLE EAST & AFRICA
                        10.5.2.1 Growing adoption of smart glass in commercial architecture to drive market
                                 FIGURE 45 MIDDLE EAST & AFRICA TO HOLD LARGER SIZE OF SMART GLASS MARKET DURING FORECAST PERIOD
                                 TABLE 91 SMART GLASS MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
                                 TABLE 92 SMART GLASS MARKET IN ROW, BY APPLICATION, 2017–2025 (USD MILLION)
                                 TABLE 93 SMART GLASS MARKET IN SOUTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)
                                 TABLE 94 SMART GLASS MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2017–2025 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 136)
     11.1 OVERVIEW
          FIGURE 46 KEY PLAYERS ADOPTED INORGANIC GROWTH STRATEGIES FROM 2017 TO 2019 TO STRENGTHEN THEIR POSITION IN SMART GLASS MARKET
     11.2 KEY PLAYERS IN SMART GLASS MARKET
          FIGURE 47 SMART GLASS MARKET SHARE ANALYSIS, 2019
          FIGURE 48 SMART GLASS MARKET REVENUE ANALYSIS, 2015–2019
          TABLE 95 RATING OF TOP 5 PLAYERS IN SMART GLASS MARKET, 2019
             11.2.1 PRODUCT LAUNCHES
                    TABLE 96 PRODUCT LAUNCHES, 2017–2019
             11.2.2 AGREEMENTS, PARTNERSHIPS, JOINT VENTURES, AND COLLABORATIONS
                    TABLE 97 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS, 2017–2019
             11.2.3 ACQUISITIONS
                    TABLE 98 ACQUISITIONS, 2017–2019
             11.2.4 EXPANSIONS
                    TABLE 99 EXPANSIONS, 2017–2018
     11.3 COMPETITIVE LEADERSHIP MAPPING
             11.3.1 STAR
             11.3.2 EMERGING LEADERS
             11.3.3 PERVASIVE
             11.3.4 PARTICIPANT
                    FIGURE 49 SMART GLASS MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
                    FIGURE 50 PRODUCT FOOTPRINT ANALYSIS SMART GLASS MARKET

12 COMPANY PROFILES (Page No. - 144)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.1 KEY PLAYERS
             12.1.1 SAINT-GOBAIN
                    FIGURE 51 SAINT-GOBAIN: COMPANY SNAPSHOT
             12.1.2 RESEARCH FRONTIERS
                    FIGURE 52 RESEARCH FRONTIERS: COMPANY SNAPSHOT
             12.1.3 VIEW, INC.
             12.1.4 AGC INC.
                    FIGURE 53 AGC INC.: COMPANY SNAPSHOT
             12.1.5 GENTEX
                    FIGURE 54 GENTEX: COMPANY SNAPSHOT
             12.1.6 CORNING
                    FIGURE 55 CORNING INC: COMPANY SNAPSHOT
             12.1.7 HITACHI CHEMICAL
                    FIGURE 56 HITACHI CHEMICAL: COMPANY SNAPSHOT
             12.1.8 NSG GROUP
                    FIGURE 57 NSG GROUP: COMPANY SNAPSHOT
             12.1.9 GLASS APPS
             12.1.10 PLEOTINT
             12.1.11 SMARTGLASS INTERNATIONAL
     12.2 OTHER KEY COMPANIES
             12.2.1 RAVENWINDOW
             12.2.2 POLYTRONIX
             12.2.3 PGW AUTO GLASS
             12.2.4 AGP AMERICA
             12.2.5 SPD CONTROL SYSTEMS
             12.2.6 SCIENSTRY
             12.2.7 XINYI GLASS
             12.2.8 TAIWANGLASS GROUP
             12.2.9 FUYAO GLASS
             12.2.10 CENTRAL GLASS
             12.2.11 INNOVATIVE GLASS CORP.
     12.3 KEY INNOVATORS
             12.3.1 ACTIVE GLASS TECHNOLOGIES
             12.3.2 KINESTRAL TECHNOLOGIES
             12.3.3 CHROMOGENICS AB
             12.3.4 GAUZY LTD
             12.3.5 CLICK MATERIALS
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
     12.4 RIGHT TO WIN

13 APPENDIX (Page No. - 180)
     13.1 INSIGHTS OF INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the smart glass market. Exhaustive secondary research has been done to collect information about the market, the peer markets, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information pertinent to this study. Secondary sources include annual reports, press releases, investor presentations, white papers, journals & certified publications, and articles from recognized authors, directories, and databases. Secondary research has been conducted to obtain important information about the industry’s supply chain, value chain, the total pool of key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from both market and technology oriented perspectives.

Primary Research

Extensive primary research has been conducted after gaining knowledge about the smart glass market scenario through secondary research. Several primary interviews have been conducted with market experts from both demand (commercial application providers) and supply (equipment manufacturers and distributors) sides across four major regions: North America, Europe, and APAC. Approximately 80% and 20% of primary interviews have been conducted with parties from demand and supply sides, respectively. The primary data has been collected through questionnaires, emails, and telephonic interviews.

Smart Glass Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the smart glass market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:

  • Key players in major applications and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the areas of smart glass technologies such as electrochromic, suspended partical display (SPD), Liquid Crystal (LC), Photochromic, Micro-Blind and Thermochromic, Applications and region.

Smart Glass Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Research Objective

  • To define, describe, and forecast the smart glass market, in terms of value, segmented into technology, application, and region
  • To forecast the smart glass market, in terms of volume, segmented into technology
  • To analyze the market structure by identifying various subsegments of the smart glass market
  • To forecast the market size, in terms of value, of 4 main regions—Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW)1—along with their respective countries
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets2 with respect to individual growth trends, prospects, and contribution to the total market
  • To identify the major market trends and factors driving or restricting the growth of the smart glass market and its various sub-markets
  • To provide a detailed overview of the smart glass value chain
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the smart glass ecosystem
  • To profile the key players in the smart glass market and comprehensively analyze their market shares and core competencies3 in each segment
  • To benchmark players within the market using the proprietary “Competitive Leadership Mapping” framework, which analyzes the market players on various parameters within the broad categories of business and product strategies
  • To analyze competitive developments in the smart glass market, such as alliances, joint ventures, and mergers and acquisitions

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Critical Questions

  • What are the new application areas that Smart glass product/solution providers are exploring?
  • Who are key players in the market, and how intense is the competition?
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Published ON
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