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Smart Glass Market Trends That Will Shape the Next Decade: Insights from Revolutionizing Smart Glass With Integrated Augmented Reality (AR) Technology For Enhanced User Experience
Smart Glass Market
How Large Will the Smart Glass Market Size By 2025?
The size of the smart glass market has experienced fast-paced growth in the last few years. It is projected to expand from a value of $7.57 billion in 2024 to $8.47 billion in 2025, with a compound annual growth rate (CAGR) of 11.8%. This significant growth during the historic period was driven by factors such as rapid advancements in technology, an emphasis on energy efficiency, its adoption in the construction industry, developments in IoT integration, and its high demand in the automotive sector.
How Big Is the Smart Glass Market Size Expected to Grow by 2029?
The market size of smart glass is predicted to witness substantial expansion in the forthcoming years. It is projected to reach a value of $12.51 billion in 2029, escalating at a compound annual growth rate (CAGR) of 10.3%. Factors contributing to this growth during the forecast period include developments in smart glass technology, increased consciousness about energy efficiency, IoT and smart technology integration, advancements in technology, and government legislations and drives. The key trends during the forecast period involve technological progress, concentration on energy efficiency, integration with IoT and smart home technologies, and the broadening application range.
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Which Key Market Drivers Powering Smart Glass Market Expansion and Growth?
The expansion of the construction sector is predicted to catalyze the growth trajectory of the smart glass market. All tasks associated with the planning, design, construction, and upkeep of buildings and infrastructure come under the construction sector. Aspects such as population growth, urbanization, economic advancement, infrastructural modernization, technological strides, and emphasis on sustainability are powering the growth of the construction industry. Smart glass offers the possibility of developing buildings that are more sustainable, comfortable, and packed with advanced technology, making it appealing to the construction sector. For example, data from the U.S. Census Bureau, a governmental organization in the United States, disclosed that total construction expenditure stood at $1,840.9 billion in 2022, which surged to $1,978.7 billion in 2023, a jump of 7.0%. Hence, the thriving construction industry is fueling the smart glass market.
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What Are the Key Trends Driving Smart Glass Market Growth?
Prominent enterprises in the smart glass market are striving to introduce technologically advanced and intelligent solutions, such as smart privacy glass, in a bid to gain a competitive advantage. A smart glass privacy solution is a technology that enables glass or other clear materials to shift from transparent to shaded or opaque, depending on demand. To illustrate, in November 2023, Kolbe, a window and glass manufacturer based in the US, teamed up with Gauzy Ltd., an Israel-based firm specializing in smart glass and ADAS technologies, to launch a smart privacy glass solution specifically for single-family homes. This revolutionary switchable privacy glass technology utilizes high-grade polymer dispersed liquid crystal (PDLC) films inserted between glass panes, which results in a smart glass that can transition from opaque to clear through the application of power. The privacy and shading of windows and doors can be adjusted by homeowners using a wall-mounted touch panel, remote control, or home automation system. This innovative technology offers personalized privacy solutions and comes in either white or gray for selected Kolbe window and door products, such as VistaLuxe WD LINE direct sets, ultra series casements, awnings, swinging doors, and forgentsSeries all glastra cases.
What Are the Emerging 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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Who Are the Global Leaders in the Smart Glass Market?
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
Which are the Top Profitable Regional Markets for the Smart Glass Industry?
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.
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