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
[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.
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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.
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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 |
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Base year |
2019 |
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Forecast period |
2020–2025 |
|
Units |
Value (USD Million/ Billion), |
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Segments covered |
Technology, Applications, Control mode and Geography |
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Region covered |
North America, Europe,APAC and RoW |
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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
- Automotive
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.
Frequently Asked Questions (FAQ):
What is the current size of the smart glassmarket?
The smart glass market was valued at USD 3.8 billion in 2020, growing at a CAGR of 12.1% during the forecast period.
What are some of the protocols and standards for the smart glass market?
The US Green Building Council (USGBC) followed the released criteria aimed at improving the environmental performance of buildings through its Leadership in Energy and Environmental Design (LEED) rating system for new construction. There has been growing interest and demand for sustainable design, as evident in the Green Building Initiative (GBI), which was created to assist the National Association of Homebuilders (NAHB) in promoting its green building guidelines for residential projects. The unique difference between codes and building rating systems is that codes are mandatory. If green codes become widely adopted, their impact can change the building environment rapidly and extensively. When undertaking a project, whether it is new construction or a renovation, the International Green Construction Code (IGCC) provides a comprehensive set of requirements intended to reduce the negative impact of buildings on the natural environment
Who are the winners in the global smart glassmarket?
The major players operating in the smart glassmarket are Saint-Gobain (France), AGC Inc. (Japan), NSG Group (Japan), research frontier (US), and Gentex Corporation (US). A few of the major strategies adopted by these players to compete in the Smart glassmarket include product launches and development, partnerships, and mergers and acquisitions.
What are the upcoming industrial trends in the smart glass market?
The adoption of smart glasssolutions is augmented by the growing public awareness about green energy, coupled with innovations in smart glasstechnology. The overall development and future growth potential of the Smart glassmarket can be gauged by the key industry trends, including the growing adoption smart glass in healthcare application and the increasing adoption of switable privacy glass technologies.
What is the COVID-19 impact on smart glass manufacturers?
The growth of this market is attributed to the growing demand in APAC and the increasing usage of reactive hot melt adhesives in the automotive, and woodworking applications. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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 MARKET, 2017–2025 (USD MILLION)
TABLE 2 MARKET, 2017–2025 (USD MILLION/MILLION UNITS)
FIGURE 9 MARKET, BY APPLICATION: ARCHITECTURE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 10 ELECTROCHROMIC TECHNOLOGY TO DOMINATE 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 MARKET
4.2 MARKET—TOP TECHNOLOGIES
FIGURE 13 ELECTROCHROMIC TECHNOLOGY TO HOLD LARGEST SHARE OF MARKET DURING FORECAST PERIOD
4.3 MARKET IN EUROPE, BY TECHNOLOGY AND COUNTRY
FIGURE 14 UK AND SPD HELD LARGEST SHARE OF EUROPEAN MARKET IN 2019
4.4 COUNTRY-WISE ANALYSIS OF MARKET
FIGURE 15 US HELD LARGEST SHARE OF 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 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 MARKET FOR SPD TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 3 MARKET, BY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 4 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 MARKET FOR ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 9 SPD SMART GLASS FOR COMMERCIAL ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
FIGURE 26 MARKET FOR MARINE TRANSPORTATION TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 10 SPD SMART GLASS FOR TRANSPORTATION, BY TYPE, 2017–2025 (USD MILLION)
TABLE 11 SPD SMART GLASS FOR AUTOMOTIVE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 12 SPD SMART GLASS, BY REGION, 2017–2025 (USD MILLION)
TABLE 13 SPD SMART GLASS FOR ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
TABLE 14 SPD SMART GLASS FOR COMMERCIAL ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
TABLE 15 SPD SMART GLASS FOR RESIDENTIAL ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
TABLE 16 SPD SMART GLASS FOR TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 17 SPD SMART GLASS FOR AUTOMOTIVE TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 18 SPD SMART GLASS FOR RAIL TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 19 SPD SMART GLASS FOR AVIATION TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 20 SPD SMART GLASS 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 market, by application
FIGURE 27 ELECTROCHROMIC SMART GLASS FOR TRANSPORTATION TO HOLD LARGEST MARKET SHARE BY 2025
TABLE 21 ELECTROCHROMIC SMART GLASS , BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 22 ELECTROCHROMIC SMART GLASS FOR ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 23 ELECTROCHROMIC SMART GLASS FOR COMMERCIAL ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 24 ELECTROCHROMIC SMART GLASS FOR TRANSPORTATION, BY TYPE, 2017–2025 (USD MILLION)
TABLE 25 ELECTROCHROMIC SMART GLASS FOR AUTOMOTIVE TRANSPORTATION, BY TYPE, 2017–2025 (USD MILLION)
FIGURE 28 NORTH AMERICA TO HOLD LARGEST SIZE OF ELECTROCHROMIC SMART GLASS BY 2025
TABLE 26 ELECTROCHROMIC SMART GLASS MARKET, BY REGION, 2017–2025 (USD MILLION)
TABLE 27 ELECTROCHROMIC SMART GLASS FOR ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
TABLE 28 ELECTROCHROMIC SMART GLASS FOR COMMERCIAL ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
TABLE 29 ELECTROCHROMIC SMART GLASS FOR RESIDENTIAL ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
TABLE 30 ELECTROCHROMIC SMART GLASS 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 IN RAIL TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 33 ELECTROCHROMIC SMART GLASS FOR AVIATION TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 34 ELECTROCHROMIC SMART GLASS 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, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 36 LC SMART GLASS FOR ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 37 LC SMART GLASS FOR COMMERCIAL ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 38 LC SMART GLASS FOR TRANSPORTATION, BY TYPE, 2017–2025 (USD MILLION)
TABLE 39 LC SMART GLASS FOR AUTOMOTIVE TRANSPORTATION, BY TYPE, 2017–2025 (USD MILLION)
FIGURE 30 NORTH AMERICA TO HOLD LARGEST SIZE OF MARKET FOR LC BY 2025
TABLE 40 LC SMART GLASS, BY REGION, 2017–2025 (USD MILLION)
TABLE 41 LC SMART GLASS FOR ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
TABLE 42 LC SMART GLASS FOR COMMERCIAL ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
TABLE 43 LC SMART GLASS FOR RESIDENTIAL ARCHITECTURE, BY REGION, 2017–2025 (USD MILLION)
TABLE 44 LC SMART GLASS FOR TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 45 LC SMART GLASS FOR AUTOMOTIVE TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 46 LC SMART GLASS IN RAIL TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 47 LC SMART GLASS FOR AVIATION TRANSPORTATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 48 LC SMART GLASS 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, BY APPLICATION, 2017–2025 (USD MILLION)
7.2.4.2 Micro-blind smart glass, by region
TABLE 50 MICRO-BLIND SMART GLASS, 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, by application
TABLE 52 PHOTOCHROMIC SMART GLASS, BY APPLICATION, 2017–2025 (USD MILLION)
FIGURE 31 PHOTOCHROMIC SMART GLASS IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 53 PHOTOCHROMIC SMART GLASS, 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 FOR ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
TABLE 56 THERMOCHROMIC SMART GLASS FOR COMMERCIAL ARCHITECTURE, BY TYPE, 2017–2025 (USD MILLION)
7.3.2.2 Thermochromic smart glass, by region
FIGURE 32 NORTH AMERICA TO HOLD LARGEST SIZE OF THERMOCHROMIC SMART GLASS DURING FORECAST PERIOD
TABLE 57 THERMOCHROMIC SMART GLASS , 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 MARKET DURING FORECAST PERIOD
TABLE 58 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 MARKET FOR ARCHITECTURE DURING FORECAST PERIOD
TABLE 59 MARKET FOR ARCHITECTURE, BY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 60 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 MARKET FOR TRANSPORTATION, BY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 62 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 MARKET FOR POWER GENERATION (SOLAR), BY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 64 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 MARKET FOR CONSUMER ELECTRONICS & OTHERS DURING FORECAST PERIOD
TABLE 65 MARKET FOR CONSUMER ELECTRONICS & OTHERS, BY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 66 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 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 MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 69 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 MARKET IN US, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 72 MARKET IN CANADA, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 73 MARKET IN MEXICO, BY APPLICATION, 2017–2025 (USD MILLION)
10.3 EUROPE
FIGURE 43 EUROPE: MARKET SNAPSHOT
TABLE 74 MARKET IN EUROPE, BY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 75 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 MARKET IN UK, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 78 MARKET IN GERMANY, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 79 MARKET IN FRANCE, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 80 MARKET IN ITALY, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 81 MARKET IN REST OF EUROPE, BY APPLICATION, 2017–2025(USD MILLION)
10.4 APAC
FIGURE 44 APAC: MARKET SNAPSHOT
TABLE 82 MARKET IN APAC, BY TECHNOLOGY, 2017–2025 (USD MILLION)
TABLE 83 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 MARKET IN CHINA, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 86 MARKET IN JAPAN, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 87 MARKET IN SOUTH KOREA, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 88 MARKET IN INDIA, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 89 MARKET IN REST OF APAC, BY APPLICATION, 2017–2025 (USD MILLION)
10.5 ROW
TABLE 90 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 MARKET DURING FORECAST PERIOD
TABLE 91 MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 92 MARKET IN ROW, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 93 MARKET IN SOUTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 94 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 MARKET
11.2 KEY PLAYERS IN SMART GLASS MARKET
FIGURE 47 MARKET SHARE ANALYSIS, 2019
FIGURE 48 MARKET REVENUE ANALYSIS, 2015–2019
TABLE 95 RATING OF TOP 5 PLAYERS IN 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 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.
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.
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?
Get in-depth analysis of the COVID-19 impact on the Smart Glass Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Smart Glass Market
Request For Special Pricing
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Smart Glass Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Smart Glass Market
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.
I want to know market trend of using smart glass in 10 years down the road; or any related information about smart glass.
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.
I am interested in knowing the Architecture growth in North America, energy savings, renovation vs new construction. Also, which company has best technology?
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'm looking for data on enterprise use of smart glasses, to create a graphic to accompany a Wall Street Journal article.
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 !
Reasons why photochromic technology has not been incorporated for manufacturing of smart glass? Details such as it's cost, technological short comings, etc.
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)
Do you have forecasts for the total glass market that would serve as the potential for retrofitting/replacement with Smart Glass?
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.
Our company is interested in know more about Smart Glass applications in Aerospace industry, in order to start a pilot trial in our MRO.