Press release
Smart Glass Network Equipment Market Trends, Top Companies, Share, Growth And Forecast 2033
Smart Glass Network Equipment Market
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.
Market Overview -
Smart glass refers to a type of glass that can change its properties, such as tint, opacity, or color, in response to external stimuli such as heat, light, or electricity. It is based on cutting-edge technology that integrates advanced materials to create windows and surfaces capable of altering their properties in response to external conditions or user commands.
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Increasing Construction Industry Driving Growth Of Smart Glass Market
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.
Competitive Landscape -
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
Revolutionizing Smart Glass With Integrated Augmented Reality (AR) Technology For Enhanced User Experience
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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