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Global Smart Glass Market to reach USD XX billion by the end of 2030

Global Smart Glass Market Size study & Forecast, by Technology (Thermochromic., Photochromic, Electrochromic, Suspended Particle Device, Polymer Disperse Liquid Crystal, Others), by End User Industry (Transportation, Construction, Power Generation, Others) and Regional Analysis, 2023-2030

Product Code: OIRBC-40548989
Publish Date: 10-03-2024
Page: 200

Global Smart Glass Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Smart glass is a type of glass that can change its properties in response to external stimuli such as voltage, heat, or light. The main feature of smart glass is its ability to switch between transparent and opaque states, providing control over the amount of light, heat, and glare entering a space. This technology offers various applications across different industries. The key factors driving the market growth are the increasing adoption of smart home technologies, growing advancement in construction and architectural industries, and increasing demand from the automotive sector that is anticipated to create the lucrative demand for the market during the forecast period 2023-2030.

Additionally, the growing adoption of smart homes has a significant impact on the growth of the Smart Glass Market. Smart glass can be seamlessly integrated with home automation systems, allowing users to control the transparency or opacity of the glass through voice commands or smartphone apps. As more homes embrace automation for lighting, temperature control, security, and entertainment systems, the demand for smart glass that can be part of these integrated solutions increases. According to Statista, globally the number of smart home users in 2020 was 224.18 million; in 2022 the number reached 307.82 million and it is anticipated to reach 493.55 million by 2025. As a result, the growing adoption of smart homes is anticipated to support the market growth. Moreover, the rising development of sustainable buildings, and expanding applications in automotive, aviation, and marine industries are anticipated to create a lucrative opportunity for the market. However, the high research and development costs stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Smart Glass Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing emphasis on sustainable and energy-efficient solutions, rising awareness of green building technologies, rising adoption of smart homes, and strong presence of key market players. Whereas, the Asia Pacific is expected to grow with the fastest growth rate over the forecast period, owing to factors such as increasing investments in construction and infrastructure, rising awareness of green building technologies, rising disposable income, and growing rapid urbanization.

Major market player included in this report are:
Asahi Glass Co. Ltd
Gauzy Ltd and Entities
Gentex Corporation
Halio Inc.
Pleotint LLLC
Ravenbrick LLC
Research Frontiers Inc.
Saint Gobain
Showa Denko Materials Co. Ltd.

Recent Developments in the Market:
Ø In August 2023, Gauzy Ltd. collaborated with Kolbe, a leading manufacturer of windows and doors, to introduce a comprehensive switchable privacy glass solution tailored for residential use. This collaboration empowers homeowners to seamlessly integrate personalized living spaces with state-of-the-art integrated technology. The solution utilizes Premium Polymer Dispersed Liquid Crystal (PDLC) films, strategically laminated between dual glass panes, offering an innovative and flexible privacy feature designed specifically for residential applications.

Global Smart Glass Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Technology, End User Industry, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
Suspended Particle Device (SPD)
Polymer Disperse Liquid Crystal (PDLC)

By End User Industry:
Power Generation

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Smart Glass Market, by Region, 2020-2030 (USD Billion)
1.2.2. Smart Glass Market, by Technology, 2020-2030 (USD Billion)
1.2.3. Smart Glass Market, by End User Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Glass Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Glass Market Dynamics
3.1. Smart Glass Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing adoption of smart home technologies Growing advancement in construction and architectural industries Increasing demand from automotive sector
3.1.2. Market Challenges High research and development costs
3.1.3. Market Opportunities Rising development of sustainable buildings Expanding applications in automotive, aviation, and marine industries
Chapter 4. Global Smart Glass Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economica
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Smart Glass Market, by Technology
5.1. Market Snapshot
5.2. Global Smart Glass Market by Technology, Performance – Potential Analysis
5.3. Global Smart Glass Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
5.4. Smart Glass Market, Sub Segment Analysis
5.4.1. Thermochromic
5.4.2. Photochromic
5.4.3. Electrochromic
5.4.4. Suspended Particle Device (SPD)
5.4.5. Polymer Disperse Liquid Crystal (PDLC)
5.4.6. Others
Chapter 6. Global Smart Glass Market, by End User Industry
6.1. Market Snapshot
6.2. Global Smart Glass Market by End User Industry, Performance – Potential Analysis
6.3. Global Smart Glass Market Estimates & Forecasts by End User Industry 2020-2030 (USD Billion)
6.4. Smart Glass Market, Sub Segment Analysis
6.4.1. Transportation
6.4.2. Construction
6.4.3. Power Generation
6.4.4. Others
Chapter 7. Global Smart Glass Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Smart Glass Market, Regional Market Snapshot
7.4. North America Smart Glass Market
7.4.1. U.S. Smart Glass Market Technology breakdown estimates & forecasts, 2020-2030 End User Industry breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Smart Glass Market
7.5. Europe Smart Glass Market Snapshot
7.5.1. U.K. Smart Glass Market
7.5.2. Germany Smart Glass Market
7.5.3. France Smart Glass Market
7.5.4. Spain Smart Glass Market
7.5.5. Italy Smart Glass Market
7.5.6. Rest of Europe Smart Glass Market
7.6. Asia-Pacific Smart Glass Market Snapshot
7.6.1. China Smart Glass Market
7.6.2. India Smart Glass Market
7.6.3. Japan Smart Glass Market
7.6.4. Australia Smart Glass Market
7.6.5. South Korea Smart Glass Market
7.6.6. Rest of Asia Pacific Smart Glass Market
7.7. Latin America Smart Glass Market Snapshot
7.7.1. Brazil Smart Glass Market
7.7.2. Mexico Smart Glass Market
7.8. Middle East & Africa Smart Glass Market
7.8.1. Saudi Arabia Smart Glass Market
7.8.2. South Africa Smart Glass Market
7.8.3. Rest of Middle East & Africa Smart Glass Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Asahi Glass Co. Ltd Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. ChromoGenics AB
8.3.3. Gauzy Ltd and Entities
8.3.4. Gentex Corporation
8.3.5. Halio Inc.
8.3.6. Pleotint LLC
8.3.7. Ravenbrick LLC
8.3.8. Research Frontiers Inc.
8.3.9. Saint Gobain
8.3.10. Showa Denko Materials Co. Ltd
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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