Press release
Smart Glass Market Expected to Reach USD 10.62 Billion by 2034 with a CAGR of 6.0%
Smart Glass Market
Market Definition
Smart glass is dynamic, permitting a conventionally steady substance to become active and multi-operational. This technology permits the regulation of several configurations of light involving visible light, UV, and IR. Smart isolated glass commodities are dependent on technologies that permit transparent substances to switch on demand from clarified to shadowed to entirely opaque. This technology can be amalgamated into windows and partitions.
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Growth Drivers and Opportunities
• Several reasons have contributed to the expansion of the smart glass market in recent years. Among these is the amalgamation in automobiles, which offers glare control, reduced noise, and UV safeguarding. Also, it decreases the heat entering the vehicle, which can decrease fuel intake.
• The market size will expand due to the inclination toward the profound requirements for energy preservation, strict carbon objectives, and the growing maturing of prevailing buildings. The amalgamation of smart glass in buildings sanctions light regulation and heat management.
Key Players:
The market is portrayed by splintering. It has the existence of several compact and moderate sized firms. Here is the list of the leading companies operating in the smart glass market:
• AGC Inc.
• Gauzy Ltd.
• Gentex Corporation
• ChromoGenics
• Corning Incorporated
• Guardian Industries Holdings, LLC
• Halio Inc.
• PPG Industries Inc
• Merck KGaA (Merck Group)
• Nippon Sheet Glass Co. Ltd.
• Research Frontiers Inc.
• VELUX Group
• Saint Gobain S.A.
• Smartglass International
• Polytronix Inc.
• Smart Glass Technologies LLC
• RavenWindow
• View Inc.
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Smart Glass Industry: Recent Developments
• October 2023: Guardian Industries Holdings, LLC launched SunGuard SNX 70+, a high-performance coated glass. The new glass offers 68% visible light transmission and a solar heat gain coefficient of 0.28 when combined with Guardian UltraClear low-iron glass.
• October 2023: Saint-Gobain announced a USD 400 million investment across multiple sectors, including solar glass, adhesives, ceramics, mortars, and float glass. The company stated that this investment is part of its expansion strategy in Tamil Nadu, India.
Segmentation Overview:
The smart glass market analysis is mainly based on technology, end-use, and region. Based on technology, the suspended particle display segment witnessed the fastest growth. It has nano-scale particles dangled in liquid and provides scarce light movement to offer privacy.
According to end use, the architecture and construction segment holds a significant revenue share. It can be utilized in walls, doors, windows, elevators, and skylights in architectural applications. The glare curtailment element of smart glass decreases undesired glare from sunlight.
By Technology Outlook
• Photochromic
• Liquid Crystal
• Suspended Particle Display
• Electrochromic
• Thermochromic
• Others
By End Use Outlook
• Automotive & Transportation
• Architecture & Construction
• Aerospace
• Solar Energy
• Others
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Geographical Landscape:
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of the Middle East & Africa
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
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