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 Technology
· Electrochromic
· Thermochromic
· Photochromic
· Liquid Crystal
· Suspended Particle Device
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
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
- 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.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
