Smart Glass Market: Impact of Sustainability on Industry Practices

The global smart glass market size is expected to reach USD 12.76 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to grow at a CAGR of 9.9% from 2023 to 2030. The growth of the market can be attributed to the growing product demand across the automotive and architectural industries. The emerging trend of deploying innovative technologies in new buildings has instigated the adoption of smart glass products in the architectural sector. The market's expansion is attributed to the growing investment in infrastructure development, high demand for luxury vehicles equipped with smart glass, and government initiatives to construct eco-friendly and energy-efficient buildings. An increase in the glazing area in commercial and residential buildings is expected to affect demand positively over the next few years.

An increasing number of architects suggest using this glass to construct new buildings, which is estimated to lead to high demand in architectural applications. The high adoption of electrochromic glass in automotive and building construction applications has been the primary contributor to the segment’s dominance. There is a rapid growth in the adoption of electrochromic windows that offer control over energy consumption, glare, and comfort in the North America and Europe region. According to the National Renewable Energy Laboratory (NREL), windows made using electrochromic technology are capable of reducing the electricity consumption for cooling by up to 49% and decreasing the costs of lighting by up to 51%. Such benefits of electrochromic technology are opportunistic for the growth of the segment.

Gather more insights about the market drivers, restrains and growth of the Global Smart Glass Market

Smart glass technology is largely adopted in commercial office buildings and corporate headquarters as it helps save costs considerably while maximizing workplace productivity. Technologies, such as self-cleaning glass, low-emissivity glass, and solar control glass, have become prominent offerings for the construction sector. The increasing number of infrastructure projects, as well as restoration & renovation activities in residential & commercial spaces, is contributing to the growth of the architectural segment. For instance, Evora Public Central Hospital (around USD 228.8 million), Edge East Side Tower (around USD 448.7 million), Baltic Offshore Pipeline (around USD 2,720.1 million), and Flamanville 3 (around USD 14,245.6 million) among others are some of the prominent construction projects in Europe that were planned for the completion in the year 2023.

Companies are adopting strategic initiatives, such as investments in research & development (R&D), mergers & acquisitions, collaborations, partnerships, and new product developments, to gain a competitive edge. For instance, in March 2023, Kognition, an AI safety & security startup, partnered with View Inc., the provider of smart glass, to integrate View’s Smart Building Cloud, an integrated software stack for smart buildings, with Kognition’s SPS smart building software. This partnership is aimed at providing a comprehensive approach to building safety & security and helping the customers deploy & manage a cyber-physical security system powered by AI.

Smart Glass Market Report Highlights

  • Electrochromic segment captured a significant market share of around 62.0% in 2022. This can be credited to increasing consumer demand, driven by the ability of electrochromic glass to control the amount of light passing through it, becoming opaque or transparent through a switch or a remote control.
  • Transportation application segment accounted for a considerable market share of around 49.0% in 2022 due to an increased inclination of automakers toward adopting SPD glass, especially in the luxury car segment.
  • North America dominated the market in 2022 accounting for largest revenue share of over 33.0%. This growth can be attributed to the growing inclination toward green buildings.
  • Asia Pacific is projected to record a fastest CAGR of over 11.0% from 2023 to 2030 as the region presents remarkable growth opportunities in the transportation sector.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

  • Smart Glasses Market: The global smart glasses market size was estimated at USD 1.93 billion in 2024 and is expected to grow at a CAGR of 27.3% from 2025 to 2030.
  • Smart Thermostat Market: The global smart thermostat market size was valued at USD 4.99 billion in 2024 and is expected to grow at a CAGR of 18.5% from 2025 to 2030.

Smart Glass Market Segmentation

Grand View Research has segmented the global smart glass market report based on technology, application, control mode, and region:

Smart Glass Technology Outlook (Revenue, USD Million, 2018 - 2030)

  • Electrochromic
  • Polymer Dispersed Liquid Crystal (PDLC)
  • Suspended Particle Devices (SPD)
  • Thermochromics
  • Photochromic

Smart Glass Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Architectural
    • Residential Buildings
    • Commercial Buildings
  • Transportation
    • Automotive
    • Aircraft
    • Marine
  • Consumer Electronics
  • Power Generation

Smart Glass Control Mode Outlook (Revenue, USD Million, 2018 - 2030)

  • Rheostats
  • Switches
  • Remote
  • Others

Smart Glass Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • K.
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)
    • UAE
    • Saudi Arabia
    • South Africa

Order a free sample PDF of the Smart Glass Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

Micronized PTFE Market Overview, Industry Value Chain, Competitive Landscape, Segmentation by Type and Application 2013-2028

Image
The global Micronized PTFE market was valued at $XX million in 2017, and Radiant Insights, Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2017 and 2028. This report provides detailed historical analysis of global market for Micronized PTFE from 2013-2018, and provides extensive market forecasts from 2018-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Micronized PTFE market. Leading players of Micronized PTFE including: • 3M • Shamrock Technologies • Micro Powder (MPI) • Solvay • AGC • Daikin • Gujarat Fluorochemicals • Chemours (DuPont) • ECO U.S.A • Dreyplas • Reprolon Texas • MAFLON • Fluorez Technology • Tianyuxiang • Norshine • Nanjin Tianshi • Sichuan Chenguang • 3F • Yanggi • Zhejiang Juhua • Shanghai Joule Download Free Sample Report @ https://www.radiantinsights.com/research/2013-2028-report-on-global-m...
Read more

Global Dimethyl Sulfoxide (DMSO) Industry Growth, Top Players, Regions, Application and Forecast 2019-2023

Dimethyl sulfoxide (DMSO) is a highly polar and water miscible organic liquid. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Dimethyl Sulfoxide (DMSO) Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). In this report, the global Dimethyl Sulfoxide (DMSO) market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023. Download Free Sample Report @ https://www.radiantinsights.com/research/global-dimethyl-sulfoxide-dmso-market-research-report-2019-2023/request-sample The report firstly introduced the Dimethyl Sulfoxid...
Read more

Law Enforcement Personal Protective Equipment Market Players: Armorsource LLC, Lakeland Industries, Inc., Avon Rubber PLC, And COFRA SRL

  Law Enforcement Personal Protective Equipment Industry Overview The global  law enforcement personal protective equipment market  size is expected to reach USD 5.24 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.3% from 2019 to 2028. Rising awareness pertaining to officer safety in tactical and riot control situations is anticipated to have a positive impact on the market growth. Growing government procurement globally to produce lightweight advanced protective equipment for law enforcement agencies is expected to boost the market demand over the forecast period. Furthermore, rising government subsidies and donations to law enforcement agencies are likely to boost the demand for personal protective equipment by the officers. The COVID-19 pandemic outbreak has increased the demand for  PPE  in law enforcement agencies as they have to constantly be in touch with the public to perform their dutie...
Read more