Global Smart Glass Market, By Technology (Electrochromic, Thermochromic, Photochromic, Liquid Crystal, Suspended Particle Device), By End-User (Architectural, Consumer Electronics, Transportation, Solar Power Generation), and opportunities and forecast 2020-2027
Smart Glass Market Overview
The global Smart Glass market is projected to grow at a significant rate in the forthcoming years due to the increasing demand and frequent technological progressions. Smart glass has enormous applications in several sectors such as consumer electronics, solar power generation, and transportation.
Green buildings are becoming cornerstones of construction activities across the world. Green buildings are becoming more attractive for their numerous economic benefits. The smart glass market plays a crucial role in these economic benefits, by reducing cooling, heating, and lighting costs. In addition, the smart glass market offerings also block close to 100% UV light and protect residents from harmful exposure to UV radiation. Further, governments around the world are taking initiatives to promote green development. All these prime factors are remarkably boosting the growth of the global Smart Glass market.
Manufacturers in the smart glass market are mainly focusing on technologies related to COVID-19 prevention. For instance, a Chinese startup Rokid has developed COVID-19 detection glasses that have inbuilt thermal imaging technology. The T1 thermal glasses use an infrared sensor to identify temperatures of over 200 people within 2-3 minutes as far as 3 meters. Additionally, the glasses also offer features like a 12-megapixel camera and hands-free voice controls to record live photos and videos. Such innovations are anticipated to enlarge the growth of the Smart Glass market in the forecast period.
On the other hand, the high costs related to the technology are expected to pose a challenge to the growth of the global Smart Glass market over the forecast period. Apart from this, huge investments by key manufactures and the use of smart glasses by social media giants to develop new technologies are also projected to boost the growth of the Smart Glass market in the coming years.
Covid-19 Impact on Smart Glass Market
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world
Smart Glass Market Segment Overview
Based on Technology, the Electrochromic segment occupied the largest share of the Smart Glass market during the forecast period. Electrochromic technology has long been used in rearview mirrors across the automotive sector. With the recent advancements, it has also found applications in switchable windows, sunroofs, and so on. Moreover, by the End-User, Transportation is the largest segment in the market. The smart glass market offerings are more popular in premium cars. The auto thermal cooling and heating according to external weather changes is very important and raises fuel efficiency with less pressure of fuel management on car engines. Therefore, smart glass installations on sunroofs, side, and rear windows, sun visors are in large demand in the global smart glass market.
Smart Glass Market, By End-User · Architectural · Consumer Electronics · Transportation · Solar Power Generation
Smart Glass Market Regional Overview
Region-wise, North America accounts for a major share in the global Smart Glass market and it is predicted to maintain its supremacy during the forecast period. This is because of the increasing focus on renewable and green energy. As well, rising renewable energy sources like solar energy are anticipated to boost the growth of the global smart glass market in the forthcoming years. Likewise, Asia Pacific regional market is witnessing substantial growth in the global smart glass market. Main factors such as the growing expansion of infrastructure, rising disposable income in Asian countries are expected to propel the growth of the market. Additionally, increasing demand for smart technologies, solar energy, renewable sources, and growing automobile sales are further projected to boost demand in the region in the near future.
Smart Glass Market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Smart Glass Market Competitor overview
Some key developments and strategies adopted by manufacturers in Smart Glass are highlighted below.
· In July 2021, INMO announced its latest innovation on the crowdfunding platform Indiegogo. INMO Air is a pair of wireless lightweight AR smart glasses that delivers a completely hands-free connection between technology and real life. INMO Air is now available on Indiegogo
Smart Glass Market, Key Players
· Smartglass International Ltd. · DuPont · Research Frontiers · Polytronix Inc. · iGlass · Central Glass · Innovative Glass Corp · AGC Inc. · Gentex Corporation · View Inc. · Fuyao Glass
Smart Glass Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global Smart Glass Market Analysis (USD Billion), Insights and Forecast, 2020-2027
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Technology
5.2.1. Electrochromic
5.2.2. Thermochromic
5.2.3. Photochromic
5.2.4. Liquid Crystal
5.2.5. Suspended Particle Device
5.3. Market Analysis, Insights and Forecast – By End-User
5.3.1. Architectural
5.3.2. Consumer Electronics
5.3.3. Transportation
5.3.4. Solar Power Generation
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America, Middle East and Africa
6. North America Smart Glass Market Analysis (USD Billion), Insights and Forecast, 2020-2027
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Technology
6.2.1. Electrochromic
6.2.2. Thermochromic
6.2.3. Photochromic
6.2.4. Liquid Crystal
6.2.5. Suspended Particle Device
6.3. Market Analysis, Insights and Forecast – By End-User
6.3.1. Architectural
6.3.2. Consumer Electronics
6.3.3. Transportation
6.3.4. Solar Power Generation
6.4. Market Analysis, Insights and Forecast – By Country
6.4.1. U.S.
6.4.2. Canada
7. Europe Smart Glass Market Analysis (USD Billion), Insights and Forecast, 2020-2027
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Technology
7.2.1. Electrochromic
7.2.2. Thermochromic
7.2.3. Photochromic
7.2.4. Liquid Crystal
7.2.5. Suspended Particle Device
7.3. Market Analysis, Insights and Forecast – By End-User
7.3.1. Architectural
7.3.2. Consumer Electronics
7.3.3. Transportation
7.3.4. Solar Power Generation
7.4. Market Analysis, Insights and Forecast – By Country
7.4.1. UK
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.4.6. Russia
7.4.7. Rest of Europe
8. Asia Pacific Smart Glass Market Analysis (USD Billion), Insights and Forecast, 2020-2027
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Technology
8.2.1. Electrochromic
8.2.2. Thermochromic
8.2.3. Photochromic
8.2.4. Liquid Crystal
8.2.5. Suspended Particle Device
8.3. Market Analysis, Insights and Forecast – By End-User
8.3.1. Architectural
8.3.2. Consumer Electronics
8.3.3. Transportation
8.3.4. Solar Power Generation
8.4. Market Analysis, Insights and Forecast – By Country
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. Australia
8.4.5. South East Asia
8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Smart Glass Market Analysis (USD Billion), Insights and Forecast, 2020-2027
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Technology
9.2.1. Electrochromic
9.2.2. Thermochromic
9.2.3. Photochromic
9.2.4. Liquid Crystal
9.2.5. Suspended Particle Device
9.3. Market Analysis, Insights and Forecast – By End-User
9.3.1. Architectural
9.3.2. Consumer Electronics
9.3.3. Transportation
9.3.4. Solar Power Generation
9.4. Market Analysis, Insights and Forecast – By Country
9.4.1. Brazil
9.4.2. Saudi Arabia
9.4.3. UAE
9.4.4. Rest of LAMEA
10. Competitive Analysis
10.1. Company Market Share Analysis, 2018
10.2. Key Industry Developments
10.3. Company Profile
10.4. Smartglass International Ltd.
10.4.1. Business Overview
10.4.2. Segment 1 & Service Offering
10.4.3. Overall Revenue
10.4.4. Geographic Presence
10.4.5. Recent Development
*Similar details will be provided for the following companies
10.5. DuPont
10.6. Research Frontiers
10.7. Polytronix Inc.
10.8. iGlass
10.9. Central Glass
10.10. Innovative Glass Corp
10.11. AGC Inc.
10.12. Gentex Corporation
10.13. View Inc.
List of Figures
Figure 1: Global Smart Glass Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Smart Glass Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Smart Glass Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Smart Glass Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Smart Glass Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Smart Glass Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Smart Glass Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Smart Glass Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Smart Glass Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Smart Glass Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Smart Glass Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Smart Glass Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Smart Glass Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Smart Glass Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Smart Glass Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Smart Glass Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Smart Glass Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Smart Glass Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Smart Glass Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Smart Glass Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Smart Glass Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Smart Glass Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Smart Glass Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Smart Glass Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Smart Glass Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Smart Glass Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Smart Glass Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Smart Glass Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Smart Glass Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Smart Glass Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Smart Glass Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Smart Glass Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Smart Glass Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Smart Glass Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Smart Glass Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Smart Glass Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Smart Glass Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Smart Glass Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Smart Glass Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Smart Glass Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Smart Glass Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Smart Glass Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Smart Glass Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Smart Glass Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Smart Glass Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Smart Glass Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Smart Glass Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Smart Glass Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Smart Glass Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Smart Glass Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Smart Glass Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Smart Glass Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Smart Glass Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Smart Glass Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Smart Glass Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Smart Glass Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Smart Glass Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Smart Glass Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Smart Glass Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Smart Glass Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Smart Glass Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Smart Glass Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Smart Glass Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Smart Glass Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Smart Glass Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Smart Glass Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Smart Glass Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Smart Glass Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Smart Glass Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Smart Glass Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Smart Glass Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Smart Glass Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Smart Glass Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Smart Glass Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Smart Glass Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Smart Glass Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Smart Glass Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Smart Glass Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Smart Glass Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Smart Glass Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Smart Glass Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Smart Glass Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Smart Glass Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Smart Glass Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Smart Glass Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Smart Glass Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Smart Glass Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Smart Glass Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Smart Glass Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Smart Glass Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Smart Glass Market Revenue (USD Billion) Forecast, by Country, 2016-2027
