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Increasing Construction Industry Driving Growth Of Smart Glass Market: A Significant Driver Propelling The Smart Glass Market In 2025
Smart Glass Market
What Is the Smart Glass Market Size and Projected Growth Rate?
In recent years, the size of the smart glass market has increased significantly. From 2024 to 2025, there is expected growth from $7.57 billion to $8.52 billion, representing a compounded annual growth rate (CAGR) of 12.5%. This substantial increase during the historic period can be traced back to swift advancements in technology, a greater focus on energy efficiency, widespread acceptance in the construction industry, progressive developments in the integration of Internet of Things (IoT), and a surge in demand within the automotive industry.
The intelligent glass market is anticipated to experience swift expansion in the coming years, surging to a market size of $12.68 billion in 2029 with a compound annual growth rate of 10.5%. The growth during the projection period can be credited to progress in smart glass technologies, sensitivity towards energy efficiency, amalgamation with IoT and intelligent technologies, technological enhancement, and government policies and drives. Leading tendencies during the prophesied phase comprise of technological progression, emphasis on energy efficiency, amalgamation with IoT and smart housing systems, and broadening application scope.
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What Are the Major 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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What Are The Driving Smart Glass Market Evolution?
The expansion of the construction sector is believed to be a key driver of growth for the smart glass market. The sector features tasks related to the planning, design, building, and upkeep of both structures and infrastructures. Owing to factors like population increase, urban growth, economic progression, infrastructure initiatives, tech progress, and sustainability emphasis, the construction industry is on a rise. Smart glass has the potential to aid in the construction of greener, more comfortable, and technologically advanced buildings, making it a popular choice in this sector. For example, the U.S. Census Bureau, a governmental agency, reported that total construction expenditure in 2022 reached $1,840.9 billion, which then rose 7.0% to $1,978.7 billion in 2023. As such, the burgeoning construction industry is providing impetus to the smart glass market.
Which Firms Dominate The Smart Glass Market Segments?
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 Trends Are Driving Growth in The Smart Glass Market?
Significant players in the smart glass industry are focusing on introducing innovative, high-tech solutions like smart privacy glass to gain a market advantage. This technology allows the transformation of glass and other transparent materials from clear to shaded or opaque, based on requirement. For instance, in November 2023, a smart privacy glass solution for single-family homes was launched as a result of a collaboration between Kolbe, a US-based window and glass manufacturer, and Gauzy Ltd., an Israel-based smart glass and ADAS technologies company. This novel technology integrates high-quality polymer dispersed liquid crystal (PDLC) films between glass panes, enabling the glass to transition from opaque to transparent when electrically powered. Homeowners have the option to regulate their window and door privacy and shading via a wall-mounted touch panel, remote control, or home automation system. This state-of-the-art technology offers tailored privacy solutions and comes in white or gray. It is applicable to select Kolbe window and door products like VistaLuxe WD LINE direct sets, ultra series casements, awnings, swinging doors, and forgentsSeries all glastra cases.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Glass Market?
2. What is the CAGR expected in the Smart Glass Market?
3. What Are the Key Innovations Transforming the Smart Glass Industry?
4. Which Region Is Leading the Smart Glass Market?
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