Smart Glass Industry

The global smart glass market size was estimated at USD 6.59 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 9.9% from 2023 to 2030. The growing energy-conservation initiatives, such as green buildings and eco-friendly structures are expected to drive the market expansion. Moreover, favorable regulatory scenario facilitating financial and tax benefits is also positively influencing the market space. Rise in developments, including an increase in investment level and the establishment of industrial-scale production capacity, has contributed to the glass industry's growth. Recent trends in modern architecture, such as extensive use of window structures inside the buildings, increasing area of glazing, and maximizing external environment interference, are fueling the demand for smart solutions.

Moreover, in multi-story buildings, smart device solution solves the problem of energy-saving and safety concerns. Many building owners and architects are striving for sustainable, green building initiatives that improve occupant health and well-being, energy efficiency, and environmental impact. Glass can be easily exchanged with old, traditional wooden windows providing an effortless transition to new technology. Products, including anti-glare frame windows and electrochromic films, are revolutionizing the glass technology industry. As end-use industries are recognizing unique aesthetics and technical attributes of smart devices, the demand for smart glass-based products is expected to increase in the near future.

Gather more insights about the market drivers, restrains and growth of the Global Smart Glass market

Smart Glass Market Segments:

Market Characteristics

The market growth stage is high, and the pace of the market growth is accelerating. The smart glass market is characterized by a high degree of innovation, owing to the advancements in materials science, nanotechnology, and connectivity. High levels of research and development have yielded smart glass solutions that offer dynamic tinting, energy efficiency, and interactive capabilities. Integration with smart home systems and the growing demand for sustainable building solutions further drive innovation.

Technology Insights

Electrochromic segment captured a significant market share of around 62.0% in 2022. This can be credited to increasing consumer demand, driven by the ability of electrochromic glass to control the amount of light passing through it, becoming opaque or transparent through a switch or a remote control. It allows light to pass through, preventing the entry of heat in times as hot as summer enabling lesser consumption of air conditioning in the house. Windows made of electrochromic glass increase visual comfort since light transmission can be reduced in periods, especially when there is excessive light from the external environment. It also enables energy savings.

Application Insights

Transportation application segment accounted for a considerable market share of around 49.0% in 2022 due to an increased inclination of automakers toward adopting SPD glass, especially in the luxury car segment. SPD glass comprising a tint material blocks 99% of light providing shade as well as transparency required by the driver to operate the vehicle. The potential application of glass in transportation segment lies in vehicle windows displaying time and location-based information, dynamic shading by blocking up to 99% light, and temperature & solar control. For instance, in January 2023, BMW unveiled BMW iVISION Dee at the CES 2023 event, equipped with high-end technologies and ultra-modern design.

Regional Insights

North America dominated the market in 2022 accounting for largest revenue share of over 33.0%. This growth can be attributed to the growing inclination toward green buildings. Smart windows are emerging as a promising solution for sustainable and green buildings. As they control the amount of solar radiation entering a building, they can reduce heating and cooling energy needs of the building. Moreover, immense growth in the construction sector is opening new growth avenues for the market with shifting focus toward integrating energy efficiency solutions to deliver buildings that are appealing, affordable, low-carbon, and high-performance.

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Key Smart Glass Companies:

1. AGC Inc.

2. ChromoGenics

3. Corning Incorporated

4. Gauzy Ltd.

5. Gentex Corporation

6. Guardian Industries Holdings, LLC

7. Halio Inc.

8. Merck KGaA (Merck Group)

9. Nippon Sheet Glass Co. Ltd.

10. PPG Industries Inc

11. RavenWindow

12. Research Frontiers Inc.

13. Saint Goblin S.A.

14. Smartglass International

15. VELUX Group

16. RavenWindow

17. View Inc.

18. Polytronix Inc.

19. Smart Glass Technologies LLC

Segments Covered in the Report

Grand View Research has segmented the global smart glass market report based on technology, application, control mode, and region:

Smart Glass Technology Outlook (Revenue, USD Million, 2018 - 2030)

1. Electrochromic

2. Polymer Dispersed Liquid Crystal (PDLC)

3. Suspended Particle Devices (SPD)

4. Thermochromics

5. Photochromic

Smart Glass Application Outlook (Revenue, USD Million, 2018 - 2030)

1. Architectural

   1. Residential Buildings

   2. Commercial Buildings

2. Transportation

   1. Automotive

   2. Aircraft

   3. Marine

3. Consumer Electronics

4. Power Generation

Smart Glass Control Mode Outlook (Revenue, USD Million, 2018 - 2030)

1. Rheostats

2. Switches

3. Remote

4. Others

Smart Glass Regional Outlook (Revenue, USD Million, 2018 - 2030)

1. North America

   1. US

   2. Canada

2. Europe

   1. Germany

   2. UK

   3. France

   4. Italy

   5. Spain

3. Asia Pacific

   1. China

   2. Japan

   3. India

   4. South Korea

   5. Australia

4. Latin America

   1. Brazil

   2. Mexico

5. Middle East and Africa (MEA)

   1. UAE

   2. Saudi Arabia

   3. South Africa

Recent Developments

1. In October 2023, Guardian Industries Holdings, LLC introduced SunGuard SNX 70+, a triple silver-coated glass featuring a visible light transmission of 68% and a solar heat gain coefficient of 0.28 when applied to Guardian UltraClear low-iron glass. Engineered to ensure a uniform neutral reflected color, this glass maintains its aesthetic appeal whether observed directly or from an angled perspective.

2. In August 2023, Gauzy Ltd. partnered with Kolbe, a producer of top-tier windows and doors to launch a complete switchable privacy glass solution to the residential sector, enabling homeowners to effortlessly merge customized living spaces with cutting-edge integrated technology. The solution incorporates Premium Polymer Dispersed Liquid Crystal (PDLC) films, which are laminated between dual glass panes providing an innovative and adaptable privacy feature for residential applications.

3. In February 2023, AGC Inc. announced its partnership with Saint-Gobain flat glass manufacturers. This collaboration aimed to design a flat glass line which reduce CO2 emissions significantly.

4. In January 2023, BMW unveiled BMW iVISION Dee at the CES 2023 event, equipped with high-end technologies and ultra-modern design.

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