Press release
Innovative Wearable Solutions Redefining The Smart Fitness Market Trend: A Crucial Influence on the Smart Glass Market's Transformation in 2025
Smart Glass Market Overview
The expansion of the construction industry is anticipated to fuel the advancement of the smart glass market. All tasks associated with organizing, drafting, constructing, and upkeep of buildings and infrastructure fall within the construction industry's domain. The industry's expansion is attributed to factors such as rising population, urban expansion, economic progression, infrastructure ventures, technological innovations, and an emphasis on environmental sustainability. Smart glass, due to its potential to help construct buildings that are more environmentally friendly, comfortable, and technologically advanced, is becoming a popular choice within the construction sector. As per the data by the U.S. Census Bureau, a government agency based in the US, the overall construction expenditure in 2022 stood at $1,840.9 billion, whereas in 2023, it jumped to $1,978.7 billion, indicating a rise of 7.0%. So, the expansion of the construction industry is a key driver of the smart glass market.
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What Is the projected market size and growth rate for the smart glass market?
The market size of smart glass has seen significant expansion in the past few years. The market value is predicted to increase from $7.57 billion in 2024 to $8.52 billion in 2025, boasting a compound annual growth rate (CAGR) of 12.5%. This evolution during the historical period is primarily driven by factors such as quick progression in technology, heightened focus on energy conservation, its usage uptake in the construction industry, strides in integrating IoT, and growing demand in the automotive sector.
The market size of smart glass is anticipated to experience a brisk expansion in the approaching years, with an anticipated growth to reach $12.68 billion by 2029, observing a compound annual growth rate (CAGR) of 10.5%. The surge in the projection period can be ascribed to the progression in smart glass technologies, energy efficiency consciousness, amalgamation with Iot and smart technologies, technological evolution, and government reforms and projects. The prominent trends in the projection period encompass technological evolution, concentration on energy efficiency, amalgamation with IoT and intelligent home systems, and broadening application horizon.
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What new trends are reshaping the smart glass market and its opportunities?
Key players in the smart glass market are concentrating efforts on devising innovative and sophisticated solutions such as smart privacy glass offerings to consolidate their market positions. Smart glass privacy solutions are technologies enabling transparent substances like glass to transition, as needed, from transparent to shaded or non-transparent modes. For example, in November 2023, Kolbe, a US-based window and glass production firm, teamed up with Gauzy Ltd., a smart glass and ADAS technology company from Israel, to roll out a smart privacy glass solution aimed at single-family residences. This ground-breaking switchable privacy glass technology embeds premium PDLC films within glass layers, creating smart glass capable of shifting from non-transparency to transparency once power is applied. Homeowners have the flexibility to adjust their window and door privacy and shading using wall-mounted touch panels, remote controls, or home automation systems. This avant-garde technology allows for tailor-made privacy options and comes in white or grey and can be found on select Kolbe window and door products such as VistaLuxe WD LINE direct sets, ultra series casements, awnings, swing doors, and forgentsSeries all-glass cases.
What major market segments define the scope and growth of 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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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.
Which key market leaders are driving the 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
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What Is Covered In The Smart Glass Global Market Report?
•Market Size Forecast: Examine the smart glass market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the smart glass market for a structured understanding.
•Key Players Overview: Analyze major players in the smart glass market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart glass market.
•Segment Contributions: Evaluate how different segments drive overall growth in the smart glass market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart glass market.
•Industry Challenges: Identify potential risks and obstacles affecting the smart glass market.
•Competitive Landscape: Review strategic developments in the smart glass market, including expansions, agreements, and new product launches.
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