Global Smart Glass Market Size Was Valued at USD 7.95 Billion In 2022 And Is Projected to Reach USD 21.60 Billion By 2030, Growing at A CAGR of 13.3% From 2023 To 2030.
Market Overview:
Glass is an inorganic solid material that is usually transparent or translucent and has physical properties such as hard, brittle, and impervious to the natural elements. Commercial glass is usually manufactured by integrating sand, limestone, and sodium carbonate which are raised to a certain temperature until they are melted.
This mixture is then cooled quickly to prevent the formation of visible crystals. Smart glass or switchable glass changes its light transmission properties when a suitable voltage, light, or heat is applied.
The glass transitions from clear to translucent and vice versa, allowing some wavelengths of light to flow through while blocking others. A smart glass contains a switchable layer sandwiched between two glass layers.
Top Key Players in the Smart Glass Market:
Corning Incorporated (US), Active Glass Technologies (US), AGC Inc. (Japan), Gentex Corporation (US), Clayton Glass Ltd.
(UK), Nippon Sheet Glass Co. Ltd. (Japan), Essex Safety Glass Ltd.
(UK), SAGE Electrochromics Inc. (US), SOLOS Glass Pty Ltd (Australia), Glass Apps LLC (US), Guardian Industries (US), RavenWindow (US), Research Frontiers Inc.
(US), and Other Major Players.Acquire PDF Sample Report + All Related thorough TOC, Graphs and Tables of Global Smart Glass Market Now:
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The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
Market Dynamics and Factors for the Smart Glass Market:
Drivers:
Growing awareness about smart glass
The growing trend of energy saving is the most debated topic overall around the globe. Businesses, governments, and organizations are becoming more aware of the benefits offered by smart glass when incorporated into infrastructure.
According to the US Department of Energy, the usage of smart glass can reduce energy consumption by almost 40%. The energy-saving property of smart glass is the main driving force of the smart glass market.
In addition, it also protects against UV radiation, reduces noise, ensures safe operation, and much more well it can act as an element of decorating, and create space for privacy. Individuals in developed countries have adopted smart glass for windows, and skylights.
Through this incorporation of smart glass in the household, they can control the excessive heat and light inflow as well as maintain privacy.
Opportunities:
Privacy at the flick of a switch
Switchable privacy glass is an innovative technology that has rapidly gained popularity in the design world. With a simple push of a button, the transparent glass panes are converted to opaque, enhancing any commercial or residential project.
This opaque mode protects privacy immediately, whether it's positioned as window panes to conceal space from passers-sight, or utilized as a temporary wall to split space and enhance flexibility within the property. For instance, trains in South Korea are equipped with smart glasses that turn opaque when passing by apartments close to the train.
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Segmentation Analysis of the Smart Glass Market:
By technology, the electrochromic segment is predicted to have the highest share of the smart glass market in the analysis period. Recently, the controllable ability of electrochromic materials to reflect not only visible light but also infrared rays has become popular.
By application, the transportation segment is anticipated to dominate the smart glass market throughout the projected period. The growing usage of smart glasses in automobiles and airplanes has increased the demand for smart glasses.
Smart glasses in this segment are utilized to reduce glare and to prevent the generation of heat inside the vehicle.
By Technology
- Suspended Particle Devices (SPD)
- Electrochromic
- Polymer Dispersed Liquid Crystal (PDLC)
- Others
By Application
- Transportation
- Architectural
- Consumer Electronics
- Others
Regional Analysis of the Smart Glass Market:
The European region is anticipated to lead the smart glass market throughout the forecast. The increasing demand in this region can be attributed to the rise in the usage of smart glass for renovation and building of new infrastructure that is eco-friendly as well as reduces expenditure on the consumption of energy.
Smart glasses are incorporated in virtual reality headsets to replicate real-time equipment and environments in an immersive training experience thus, it reduces the cost and time for workers to gain new and complex skills. Furthermore, to reduce the negative impact on the environment, corporate organizations are replacing normal glass windows or panes with smart glasses to reduce the expenses of artificial lighting and air conditioning.
The European smart glass market in this region is expected to reach US$ 2.6 billion by the end of the forecast timeframe.
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Industry Development:
In December 2021, Huawei launched a new pair of smart glasses in China, powered by Harmony OS technology. The design features a detachable front frame and supports the simultaneous connection of two devices.
The glasses feature square 128mm "ultra-thin large-amplitude" stereo speakers on the temple for music streaming and hands-free calling.
In June 2021, Corning Incorporated collaborated with Jeep to manufacture a windshield with Corning Gorilla Glass for the 2021 Jeep Wrangler and 2021 Jeep Gladiator. The new technology utilized in this windshield combines soda-lime glass with a thin inner ply of chemically strengthened Corning Gorilla Glass.
This made the windshield more durable, and lightweight.
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