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Leading Growth Driver in the Smart Glass Market in 2025: Increasing Construction Industry Driving Growth Of Smart Glass Market Driver's Influence
Smart Glass Market Size
The smart glass market has grown rapidly in recent years. It will increase from $7.57 billion in 2024 to $8.52 billion in 2025, at a CAGR of 12.5%. This growth is attributed to technological advancements, a focus on energy efficiency, adoption in the construction sector, IoT integration advancements, and demand in the automotive industry.
The smart glass market is expected to grow rapidly, reaching $12.68 billion by 2029 with a CAGR of 10.5%. Growth is driven by advancements in smart glass technologies, a focus on energy efficiency, and integration with IoT and smart technologies. Trends include technological advancements, energy-efficient solutions, smart home integrations, and expanding applications.
What Is Contributing to the Growth of the Smart Glass Market?
The expansion of the construction industry is expected to accelerate the growth of the smart glass market in the coming years. The construction sector encompasses all activities related to designing, planning, building, and maintaining infrastructure and structures. Factors such as population growth, urbanization, economic expansion, infrastructure investments, technological advancements, and sustainability concerns have fueled the industry's growth. Smart glass is an appealing option for the construction sector as it enhances the sustainability, comfort, and technological advancement of buildings. For instance, according to the U.S. Census Bureau, a U.S.-based government agency, total construction spending reached $1,840.9 billion in 2022 and increased to $1,978.7 billion in 2023, marking a 7% rise. As a result, the growing construction industry is driving the smart glass market.
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Which Key Market Leaders Are Driving Smart Glass Industry Growth?
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
What Are the Emerging Trends in the Smart Glass Industry?
Leading companies in the smart glass market are introducing cutting-edge solutions like smart privacy glass to strengthen their market presence. This technology enables glass to switch between transparent and opaque states on demand. For example, in November 2023, Kolbe, a US-based window and glass manufacturer, in partnership with Gauzy Ltd., an Israel-based smart glass technology company, launched a smart privacy glass solution for residential homes. This innovation incorporates premium polymer-dispersed liquid crystal (PDLC) films between glass panes, allowing users to adjust transparency with a remote control, touch panel, or home automation system. Available in select Kolbe window and door products, this technology provides enhanced privacy and shading options.
What Are the Main Segments in the Smart Glass Market?
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
Subsegments:
1) By Electrochromic: Electrochromic Glass for Windows, Electrochromic Glass for Architectural and Automotive Applications
2) By Suspended Particle Device (SPD): SPD Glass for Windows, SPD Glass for Skylights and Curtain Walls
3) By Liquid Crystal: Liquid Crystal Display (LCD) Glass, Liquid Crystal Smart Glass for Privacy Control
4) By Passive: Thermochromic Glass, Photochromic Glass
5) By Other Types: Micro Blinds Smart Glass, Nanocrystal Smart Glass
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Which Geographic Area Leads the Smart Glass Market?
Europe was the largest region in the smart glass market in 2024. 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.
What Is Covered In The Smart Glass Global Market Report?
- Market Size Analysis: Analyze the Smart Glass Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Glass Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Glass Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Glass Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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