The smart glass global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Smart Glass Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The smart glass market size has grown rapidly in recent years. It will grow from $6.71 billion in 2023 to $7.57 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to rapid technological advancements, focus on energy efficiency, adoption in the construction sector, advancements in IoT integration, demand in the automotive industry.
The smart glass market size is expected to see rapid growth in the next few years. It will grow to $11.51 billion in 2028 at a compound annual growth rate (CAGR) of 11%. The growth in the forecast period can be attributed to advancements in smart glass technologies, awareness of energy efficiency, integration with iot and smart technologies, technological advancements, government regulations and initiatives. Major trends in the forecast period include technological advancements, focus on energy efficiency, integration with IoT and smart home systems, expanding application scope.
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Scope Of Smart Glass Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Smart Glass Market Overview
Market Drivers –
The growing construction industry is expected to propel the growth of the smart glass market going forward. The construction industry encompasses all activities related to the planning, designing, building, and maintenance of structures and infrastructure. The construction industry is growing due to population growth, urbanization, economic development, infrastructure projects, technological advancements, and a focus on sustainability. Smart glass can contribute to creating more sustainable, comfortable, and technologically advanced buildings, making it an attractive option for the construction industry. For instance, according to the U.S. Census Bureau, a US-based government agency, the total construction spending in 2022 was $1,840.9 billion, while in 2023, it increased to $1,978.7 billion, marking a 7.0% rise. Therefore, the growing construction industry is driving the smart glass market.
Market Trends –
Major companies operating in the smart glass market are focusing their efforts on introducing intelligent and advanced solutions, such as smart privacy glass solution to gain a competitive edge in the market. A smart glass privacy solution is a technology that allows glass or other transparent materials to switch, on demand, from clear to shaded or opaque state. For instance, in November 2023., Kolbe, a US-based window and glass manufacturer in collaboration with Gauzy Ltd., an Israel-based smart glass and ADAS technologies company, has launched a smart privacy glass solution for single-family homes. This breakthrough switchable privacy glass technology incorporates premium polymer dispersed liquid crystal (PDLC) films between glass panes, resulting in smart glass that can switch from opaque to transparent with the application of power. Homeowners can use a wall-mounted touch panel, remote control, or home automation system to adjust the privacy and shading of their windows and doors. This cutting-edge technology provides customizable privacy options and is available in white or gray on select Kolbe window and door products such as VistaLuxe WD LINE direct sets, ultra series casements, awnings, swinging doors, and forgentsSeries all glastra cases.
The smart glass market covered in this report is segmented –
1) By Type: Electrochromic, Suspended Particle Device (SPD), Liquid Crystal, Passive, Other Types
2) By Control System: Manual, Remote, Mobile-based, Voice-based, Other Control Systems
3) By End User: Transportation, Construction, Power Generation, Other End Users
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Regional Insights –
Europe was the largest region in the smart glass market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the smart glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the smart glass market are Huawei Technologies Co. Ltd., Hitachi Chemical Co. Ltd., General Electric Company, Compagnie de Saint-Gobain S.A., Honeywell International Inc., Ericsson, Merck Group, PPG Industries Inc., AGC Inc., Polytronix Inc., ADT Inc., VELUX Group., Gentex Corporation, Switch Materials Inc., AGP eGlass, Kore Wireless Group, View Inc., Intevac Inc., Kinestral Technologies Inc., Quantum Glass GmbH, SAGE Electrochromics Inc., Soladigm Inc., Gauzy Ltd., Eyrise B.V., Halio Inc., 100Plus Inc., Heliotrope Technologies Inc., Pleotint LLC
Table of Contents
1. Executive Summary
2. Smart Glass Market Characteristics
3. Smart Glass Market Trends And Strategies
4. Smart Glass Market – Macro Economic Scenario
5. Global Smart Glass Market Size and Growth
…
32. Global Smart Glass Market Competitive Benchmarking
33. Global Smart Glass Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Smart Glass Market
35. Smart Glass Market Future Outlook and Potential Analysis
36. Appendix
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