Global Smart Glass Market Size To Grow USD 18.58 Billion by 2032 | CAGR of 12.57%
Category: Information & TechnologyGlobal Smart Glass Market Size worth $18.58 Billion by 2032
According to a research report published by Spherical Insights & Consulting, The Global Smart Glass Market size is To Grow from USD 5.62 Billion in 2022 to USD 18.58 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 12.57% during the forecast period.
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Browse key industry insights spread across 200 pages with 100 Market data tables and figures & charts from the report on "Global Smart Glass Market Size, Share, and COVID-19 Impact Analysis, By Technology (Electrochromic, Polymer Dispersed Liquid Crystal, Suspended Particle Devices, Thermochromics, and Photochromic), By Application (Architectural, Transportation, Automotive, Aircraft, Marine, Consumer Electronics, and Power Generation), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032." https://www.sphericalinsights.com/reports/smart-glass-market
Smart glass, also known as switchable glass, is a transformative technology that allows windows and glass surfaces to change their transparency or opacity. By employing techniques like electrochromism or liquid crystal technology, smart glass enables dynamic control over privacy, glare reduction, energy efficiency, and aesthetics. With the use of an electric current or a control system, the glass can be switched from transparent to opaque or adjusted to intermediate states. This technology has diverse applications in architecture, automotive, aviation, and consumer electronics, offering a futuristic solution that enhances our interactions with glass surfaces and improves our living and working environments.
The suspended particle devices segment is expected to grow at a CAGR of around 13.8% during the forecast period
Based on technology, the global smart glass market is segmented into electrochromic, polymer dispersed liquid crystal, suspended particle devices, thermochromics, and photochromic. The suspended particle device smart glass segment is anticipated to witness significant growth in the forecast period. This can be attributed to several factors. SPD technology offers the ability to instantly adjust the transparency of glass by applying an electric charge to suspended particles within the glass. This flexibility makes it ideal for various applications, including architectural, automotive, and aerospace sectors. The growing demand for energy-efficient and visually appealing solutions, coupled with the advancements in SPD technology, is expected to drive the adoption of SPD smart glass. Additionally, the increasing focus on smart homes and smart cities is likely to contribute to the segment's growth, making it a promising area within the overall smart glass market.
The automotive segment is expected to grow at a CAGR of around 12.4% during the forecast period
Based on application, the global smart glass market is segmented into architectural, transportation, automotive, aircraft, marine, consumer electronics, and power generation. The automotive segment is poised for significant growth in the forecast period within the smart glass market. There are several factors driving this anticipated expansion. The increasing consumer demand for advanced features and technologies in vehicles, such as augmented reality displays, improved visibility, and enhanced safety, is fueling the adoption of smart glass in the automotive sector. Additionally, the rising popularity of electric vehicles and autonomous driving technology is creating opportunities for the integration of smart glass solutions. The automotive industry's focus on energy efficiency and sustainability further drives the demand for smart glass, which offers glare reduction and improved thermal management.
Asia-Pacific is predicted To Grow at a higher CAGR of around 14.5% over the projected period
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Based on region, Asia-Pacific is poised to experience highest growth in the forecast period in the smart glass market. Several factors contribute to this expected expansion. The region's rapid urbanization, population growth, and increasing disposable incomes are driving the demand for advanced construction and infrastructure solutions. Moreover, government initiatives promoting energy efficiency and sustainable building practices further propel the adoption of smart glass in the region. Additionally, the rise of smart cities and the integration of Internet of Things (IoT) technologies are creating opportunities for smart glass applications. Furthermore, the presence of key players in the region, technological advancements, and growing awareness about the benefits of smart glass are expected to fuel the market's growth in Asia-Pacific.
Some of the major players in the global smart glass market include AGC Inc., Chromo Genics, Corning Incorporated, Gauzy Ltd., Gentex Corporation, Guardian Industries, Kinestral Technologies, Inc., Nippon Sheet Glass Co., Ltd., PPG Industries, Inc., Raven Window, Research Frontiers Inc., Saint-Gobain S.A., Showa Denko Materials Co., Ltd., Smartglass International Limited, VELUX Group, View, Inc., and Vision Systems.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global smart glass market based on the below-mentioned segments:
Smart Glass Market, By Technology
- Electrochromic
- Polymer Dispersed Liquid Crystal
- Suspended Particle Devices
- Thermochromics
- Photochromic
Smart Glass Market, By Application
- Architectural
- Transportation
- Automotive
- Aircraft
- Marine
- Consumer Electronics
- Power Generation
Smart Glass Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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