Smart Glass Market Size, Share and Growth Outlook 2024-2031

The global smart glass market size is projected to reach USD 15,788.0 million by the end of 2027.

According to a report published by Fortune Business Insights, titled “Smart Glass Market Size, Share & COVID-19 Impact Analysis, By Technology (Polymer Dispersed Liquid Crystal Glass, Suspended Particle Device Glass, Electrochromic Glass, Photochromic Glass, and Thermochromic Glass), Application (Architectural, Automotive & Transportation, Consumer Electronics, Power Generation, and Others), and Regional Forecast, 2020-2027,” the market was worth USD 4,651.3 million in 2019 and will exhibit a CAGR of 17.2% during the forecast period, 2020-2027.Smart glass is widely used across several industry verticals as a medium of display and other interfaces.

The massive investments in the research and development of smart glass are consequential to the increasing applications of the product across diverse industries.The rising adoption and subsequently rising demand for smart homes and the integration of technologically advanced devices will create several growth opportunities for the market in the coming years.

Ultimately, the fierce market competition results in even more innovations and this will have a positive impact on the growth of the overall market in the coming years.

Our Sample Report Includes:2020 Updated Report Introduction, Overview, and In-depth industry analysisCOVID-19 Pandemic Outbreak Impact Analysis IncludedProvide Chapter-wise guidance on Request2020 Updated Regional Analysis with Graphical Representation of Size, Share & TrendsIncludes Updated List of table & figuresUpdated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue AnalysisFacts and Factors research methodology(Note: The sample of this report is updated with COVID-19 impact analysis before delivery) List of companies profiled in the report:Saint-Gobain (France)View, Inc. (U.S.)GENTEX Corporation (U.S.)Polytronix, Inc. (U.S.)Smartglass International Limited (Ireland)Glass Apps (U.S.)Scienstry, Inc. (U.S.)AGC Inc. (Japan)Research Frontiers (U.S.)Essex Safety Glass (UK)Gauzy Ltd and Entities (Israel)BSG Glass (Thailand)Asahi India Glass Ltd. (India)Schott AG (Germany)Central Glass Co., Ltd. (Japan)Pleotint LLC (U.S.)SPD Control Systems Corporation (U.S.)Other key players The decrease in Product Demand during the Covid-19 Pandemic will have a Negative Impact on SMEsThe recent coronavirus outbreak has had a drastic impact on several industries across the world.

Due to healthy market competition, large scale companies are looking to acquire start-ups as well as SMEs.

OverviewThe Smart Glass Market is expected to reach USD 9083.7 Million by 2025 at a CAGR of 17.8% during the forecast period.

Market Research Future (MRFR), in its report, envelops segmentations and drivers to provide a better glimpse of the market in the coming years.

Among all the sectors and industries served by smart glass manufacturers, suspended particle device (SPD) glass has registered the highest rate of adoption.

The major objective fulfilled by SPD smart glass technology is to provide a cost-effective and eco-friendly glass installation solution to the end-users.

Smart glass is being rapidly adopted across major economies.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1830Competitive AnalysisThe Key Players of Global Smart Glass Market are Saint-Gobain Group (France), Ravenwindow (Ravenbrick LLC) (US), PPG Industries, Inc. (US), LTI Smart Glass, Inc. (US), Kinestral Technologies, Inc. (US), Gentex Corporation (US), Merck KGAA (Germany), Pleotint LLC (US), E-Chromic Technologies, INC. (US), Chromogenics AB (Sweden), AGC Inc (Japan), Hitachi Chemical Co., Ltd (Japan), Nippon Sheet Glass Co., Ltd (Japan), and Innovative Glass Corporation (US), among others.In September 2018, ChromoGenics AB signed an agreement with Regal Förvaltning AB, a hardware component manufacturer, to deliver ConverLight Dynamic Glass to Regal office in Uppsala.

ChromoGenics’ dynamic glass automatically controls the heat and daylight emitted in buildings, providing increased indoor comfort.In June 2017, Pleotint, LLC partnered with Pilkington, a manufacturer of glass and glazing products, to supply its high-performance Suntuitive dynamic glass interlayer to Pilkington for use in the Pilkington Suncool Dynamic product line.

3 February 2020 - The global Smart Glass Market size is likely to reach USD 9.98 billion by 2025.

Smart glass helps to reduce the cost of heating, lighting and air conditioning.The market growth is associated with the capacity of the glass to transform light and adjust heat depending on the external environmental conditions.

Building owners started displaying an inclination towards adopting this technology, after realizing the long term benefits attributed to energy efficiency.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/smart-glass-marketThe industry is achieving heights owing to the development of strict regulations with respect to efficiency of energy and large-scale urbanization in developing countries.

Growing adoption of green initiatives such as eco-friendly and green buildings, non-electric technologies such as thermochromic, etc.

The growth of SPD glasses can be traced to its high electricity saving capabilities.Electrochromic glass applies the electrochromism principle, which allows the materials to change the color or opacity when a burst of charge is applied.

Electrochromics and SPD are used commonly in automotive and architecture applications.

The Smart Glass market is anticipated to reach around USD 8,223 million by 2026 according to a new study published by Polaris Market Research.

In 2017, the automotive segment dominated the global smart glass market, in terms of revenue.

Several stringent energy consumption regulations passed by governments worldwide have boosted the adoption of smart glass.

Growing concerns regarding environment, increasing need to reduce energy consumption, and growing demand from the automotive sector further support the growth of this market.

Additionally, the increasing adoption of energy efficient buildings and reducing operation costs would boost market growth during the forecast period.

Other factors supporting market growth include supportive government regulations, increasing awareness, and technological advancements.

The global Smart Glass Market is projected to reach USD 13.19 billion by 2027, according to a recent report by Emergen Research.

Renewed confidence of consumers within the economy coupled with greater spending boosted the sales of light-and heavy-duty vehicles.

The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period.

The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.Key Highlights From The Report.In November 2018, View Dynamic Glass, a US-based smart glass company, received one of the biggest VC investments of USD 1.1 billion from SoftBank Vision Fund.

This is to manufacture “dynamic” glass windows that can change the tint to let in the right amount of natural light without obstructing views.The electrochromic smart glass technology dominated the market in 2019.

The electrochromic technology has been utilized in rearview mirrors across the automotive sector.

May 15, 2019: The global smart glass market size is expected to reach USD 9.98 billion by 2025, according to a new report by Grand View Research, Inc.

The growing glazing area in commercial and residential buildings is expected to impact the market positively over the next few years.

Architects are suggesting the use of smart technology for new buildings, which is expected to drive smart glass demand in the architectural segment.High growth opportunities exist in the transportation sector as manufacturers are increasingly using smart glass as an alternative to conventional glass.

In 2016, the new Mercedes-Benz SLC incorporated the Suspended Particle Devices (SPD) technology developed by Research Frontiers, Inc. Daimler AG and BMW AG have deployed smart glass in sunroofs and windows of their premium cars.

Ferrari 575M Super America featured an electrochromic smart glass panel roof.

Electrochromic smart glass is used in the fabrication of Boeing 787 Dreamliner windows.Download sample Copy of This Report at: https://www.radiantinsights.com/research/smart-glass-market/request-sample The key factors contributing to the smart glass market growth include positive growth outlook of the construction industry, increasing automotive production, and rising investments in infrastructure projects.

The integration of innovation in glass is projected to boost the smart glass market 2020.

The information & communication technology industry reports are produced by Market Research Future, which highlights market options for expansion.

A CAGR of 19.6% is estimated to set the one for market expansion in the forecast period.The evolution in the use of glass as a merely decorative element in the construction sector to a means of controlling the energy sources or devices in a home is predicted to boost the smart glasses market size constructively in the upcoming period.

Based on technology, the smart glass market is segmented into PDLC, electrochromic technology, SPD, photochromic, and others.

The rise in construction activity in the MEA region is expected to supplement further the growth of the smart glass market in the forecast period.Competitive AnalysisThe influence of global trade policies by various administrations is expected to further enhance the market expansion potential in the forecast period.

The availability of new sources of raw material is likely to induce more opportunities for growth in the market.

The global smart glass market size is anticipated to reach USD 15.02 billion by 2026, owing to the rise in the use of smart glass for different applications such as aerospace, marine, architectural, and automotive.

Smart glass or switchable glass is glazing or a glass with altered transmission properties as and when heat, light, or voltage is applied.

They are capable of changing their appearance from opaque to translucent to transparent as per the needs of the user and help to maintain factors such as natural daylight, sound, temperature, and solar head absorbed by buildings.

Smart glass is utilized mainly in commercial buildings where it is essential to control the operative environment.List of Significant Manufacturers in Smart Glass Market are;BSG GlassGauzy Ltd and EntitiesCentral Glass Co., Ltd.SCHOTT AGNSG GroupEssex Safety GlassScienstry, Inc.Asahi India Glass Ltd.Research FrontiersOther PlayersMore information on the market is provided in a recently published report by Fortune Business Insights™ titled, “Smart Glass Market Size, Share & Industry Analysis, By Technology (Polymer Dispersed Liquid Crystal (PDLC) Glass, Suspended Particle Device (SPD) Glass, Electrochromic (EC) Glass, Photochromic Glass, and Thermochromic Glass), By Application (Architectural, Automotive & Transportation, Consumer Electronics, Power Generation, and Others), and Regional Forecast, 2019-2026.” As per this report, the market value was USD 3.97 billion in 2018 and is anticipated to rise exponentially at a CAGR of 18.2% within the forecast period 2019 to 2026.Get Sample PDF Brochure with “Short-Term and Long-Term Impact of COVID-19” on Market, Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/smart-glass-market-102569Market DriversIncreasing Demand from Healthcare Industry will Drive MarketMajor factors responsible for the smart glass market growth includes the rising demand from architectural, transportation, and automotive applications.

Additionally, the rise in environmental concerns, coupled with the rising number of smart and green buildings and are propelling the need for electrochromic windows in residential, commercial, as well as industrial buildings, thereby boosting the market.However, high cost of material, installations, and electricity costs and functional features such as speed control, transparency degree, and dimming possibilities may pose a major challenge to the market.

Nevertheless, a lead analyst at Fortune Business Insights say, “the healthcare industry uses smart glass for maintaining privacy and this reduced the use of curtains and blinds in operating rooms.

Increased implementation of sustainable solutions in the architectural and automotive sectors is driving the Smart Glass market growth.

These products have garnered widespread importance as end-use industries are realizing their technical attributes and distinctive aesthetics.

Moreover, energy-efficient glasses are witnessing high demand as a consequence of policy-driven environmental and energy safety perspective.

Administrative support through financial benefits and tax initiatives is also stimulating market growth.Get Exclusive Free PDF Sample Of This Report @ https://dataintelo.com/request-sample/?reportId=111104Architecturally advanced construction philosophies incorporating the installation of large windows in the majority of buildings are projected to drive demand in Europe.

Smart glass has gained importance due to its inherent capability of thermal and acoustic insulation, energy conservation, and aesthetic 3D designer proposition.

The automotive and residential applications have witnessed a dynamic phase change in functionalities from legacy weather protection features to seclusion apparatus and advanced energy-conserving.Moreover, positive outlook for the construction industry, recovering automotive production, and rising investments in infrastructure projects are also contributing to industry growth.