Smart Glass Market Size, Share 2024, Impressive Industry Growth Report 2031

The global smart glass market is expected to grow at a significant CAGR during the forecast period (2024-2031). Increasing legislative reforms for green buildings, such as LEEDS, the National Green Building Standard, Green Globes, and others, encourage commercial building owners to invest in smart energy-saving solutions like smart glass. Smart glass is in high demand due to the growing number of applications in the sector of transportation. Smart glasses put in autos are expected to give 98% UV protection and 40% solar reduction, making the interiors of the vehicles more comfortable. Aerospace application companies, such as Boing and Airbus, are applying smart glass technology by combining it with IoT systems. Electrochromic windows, for instance, are used on the Boeing 787 Dreamliner jet, which turns completely opaque with the push of a button. This concept is gaining traction among luxury and private jet manufacturers globally, bringing up new market opportunities.

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Click Materials, a Vancouver-based creator of "smart glass," struck a substantial deal with CardinalGlass, one of the largest makers of residential windows, in May 2020, as it prepares to take on billion-dollar-backed View Inc. Click Materials claims that their windows can save up to 50% on heating and cooling costs and that it can do so while slashing manufacturing costs by up to 60%. Smart glass has a wide range of applications, including sunroofs and exterior and interior automatic dimming rear-view mirrors, particularly in the car industry. Top vehicle manufacturers, such as BMW and Mercedes, have smart glass installations. Mercedes-Benz offers a sophisticated Magic Sky Control panoramic roof with SPD-SmartGlass technology on its S-Class Coupe and other S-Class versions.

Among the many advantages of SPD-SmartGlass is significant heat reduction within the car, UV protection, glare control, noise reduction, and more. Recent applications include Jaguar Land Rover's use of smart glass to promote the F-Type and Rolls-use Royce's of it to promote the Dawn. The user may maximise the usage of two of the most wanted switchable glass characteristics by integrating switchable technology with a projection application. Trains are also increasingly adopting smart glass. A monorail train in South Korea, for instance, features windows that fog automatically when it passes by apartments adjacent to the railway. When the light transmission qualities of a window are adjusted by adding voltage, heat, or light to the surface, glazing occurs.

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Market Coverage

Segment Covered
Regions Covered- Globally
Competitive Landscape: View Inc., Corning Incorporated, Gentex Corporation, Smart Films International, Argil Inc among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Smart Glass Market by Segment

By Type

• Electrochromic

• Suspended Particle Device (SPD)

• Liquid Crystal

• Passive

By End-User

• Automotive

• Architectural

• Avionics Power

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