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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Smart glass market size was valued at US$ 6,921.2 million in 2023 and is poised to grow at a CAGR of 10.1%. Smart glass is a type of glazing technology that can adjust its light transmission properties in response to changes in applied heat, voltage, and light. It is sometimes referred to as switchable glass, light control glass, or privacy glass. Glass can be made transparent, translucent, or opaque, and vice versa. It provides privacy and energy savings for both residential and commercial structures. Applications for the items are numerous and include electronics, automobiles, airplanes, building and architecture, and more.
The key factors fuelled are energy efficiency and sustainability, technological advancements, increased building automation, growing focus on aesthetics, and enhanced comfort. For instance, Huawei Technologies Co., Ltd. announced in December 2021 the release of smart glasses running Harmony OS, its operating system. The operating system enables simultaneous connections between two devices and smart glasses. However, high initial costs, complex installation, limited awareness, and durability concerns are the limiting factors for the market growth. Furthermore, expansion into emerging markets, integration with IoT, increased use in the automotive sector, and advances in manufacturing are opportunities that enhance market growth. In addition, key trends of the market are smart home integration, green building standards, energy harvesting capabilities, and increased use in commercial spaces.
Study Period
2024-2030Base Year
2023CAGR
10.1%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Growing environmental consciousness and the need for affordable energy solutions are driving the market for smart glasses. Smart glass is essential in lowering the need for artificial lighting, heating, and cooling systems because it can dynamically change its transparency to regulate heat and light. Over time, this capability contributes to significant cost savings in addition to reducing energy use. The use of smart glass technology is growing as energy-performance-related building norms and requirements become more severe and as individuals and companies look to lower their carbon footprints.
Innovations in smart glass technology, which increase its price and efficiency make it a desirable alternative for both new construction and building retrofitting, further reinforcing this trend. As a result, it is anticipated that demand for energy-efficient smart glasses will increase in line with worldwide trends toward more environmentally friendly and sustainable building methods.
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America dominates the smart glasses market. Furthermore, the market is anticipated to increase as smart glasses become more and more popular among fitness enthusiasts and athletes in nations like the United States and Canada.
For example, every sight raptor and solos smart glasses are made especially for runners, cyclists, and triathletes since they enable them to perform to their best by showing real-time data like heart rate and average pace, among other things. The adoption of smart glass in commercial and residential buildings has been fueled by the region's strict energy efficiency regulations and sustainability initiatives, as well as the fact that North America is a hub for numerous technology companies and research institutions that support ongoing advancements in smart glass technology.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 6,921.2 million |
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Market CAGR |
10.1% |
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By Technology |
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By Application |
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By Region |
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Download Free Sample Report
The global smart glass market size was valued at US$ 6,921.2 million in 2023 and is projected to grow at a CAGR of 10.1% from 2024 to 2030.
Some of the key trends in the market are smart home integration, green building standards, energy harvesting capabilities, and increased use in commercial spaces.
The Smart Glass market is segmented based on technology, Application, and region.
Energy efficiency and sustainability, technological advancements, increased building automation, a growing focus on aesthetics, and enhanced comfort are some of the key factors fostering market growth.
| 1.Executive Summary |
| 2.Global Smart Glass Market Introduction |
| 2.1.Global Smart Glass Market - Taxonomy |
| 2.2.Global Smart Glass Market - Definitions |
| 2.2.1.Technology |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Smart Glass Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Smart Glass Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Smart Glass Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Polymer Dispersed Liquid Crystal Glass |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Suspended Particle Device Glass |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Electrochromic Glass |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Photochromic Glass |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Thermochromic Glass |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Smart Glass Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Architectural, |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Automotive & Transportation |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Consumer Electronics |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Power Generation |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global Smart Glass Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Smart Glass Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Polymer Dispersed Liquid Crystal Glass |
| 8.1.2.Suspended Particle Device Glass |
| 8.1.3.Electrochromic Glass |
| 8.1.4.Photochromic Glass |
| 8.1.5.Thermochromic Glass |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Architectural, |
| 8.2.2.Automotive & Transportation |
| 8.2.3.Consumer Electronics |
| 8.2.4.Power Generation |
| 8.2.5.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Smart Glass Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Polymer Dispersed Liquid Crystal Glass |
| 9.1.2.Suspended Particle Device Glass |
| 9.1.3.Electrochromic Glass |
| 9.1.4.Photochromic Glass |
| 9.1.5.Thermochromic Glass |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Architectural, |
| 9.2.2.Automotive & Transportation |
| 9.2.3.Consumer Electronics |
| 9.2.4.Power Generation |
| 9.2.5.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Smart Glass Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Polymer Dispersed Liquid Crystal Glass |
| 10.1.2.Suspended Particle Device Glass |
| 10.1.3.Electrochromic Glass |
| 10.1.4.Photochromic Glass |
| 10.1.5.Thermochromic Glass |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Architectural, |
| 10.2.2.Automotive & Transportation |
| 10.2.3.Consumer Electronics |
| 10.2.4.Power Generation |
| 10.2.5.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Smart Glass Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Polymer Dispersed Liquid Crystal Glass |
| 11.1.2.Suspended Particle Device Glass |
| 11.1.3.Electrochromic Glass |
| 11.1.4.Photochromic Glass |
| 11.1.5.Thermochromic Glass |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Architectural, |
| 11.2.2.Automotive & Transportation |
| 11.2.3.Consumer Electronics |
| 11.2.4.Power Generation |
| 11.2.5.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Smart Glass Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Polymer Dispersed Liquid Crystal Glass |
| 12.1.2.Suspended Particle Device Glass |
| 12.1.3.Electrochromic Glass |
| 12.1.4.Photochromic Glass |
| 12.1.5.Thermochromic Glass |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Architectural, |
| 12.2.2.Automotive & Transportation |
| 12.2.3.Consumer Electronics |
| 12.2.4.Power Generation |
| 12.2.5.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Amazon Inc. |
| 13.2.2.Ampere LLC |
| 13.2.3.Bose Corporation |
| 13.2.4.Flows Bandwidth |
| 13.2.5.Google LLC |
| 13.2.6.Lenovo |
| 13.2.7.Magic Leap |
| 13.2.8.Microsoft Corporation |
| 13.2.9.Qualcomm Technologies, Inc |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.