by on February 15, 2024
17 views

The latest report by IMARC Group, titled “Smart Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the smart glass market forecast. The global market size reached US$ 5.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.0 Billion by 2028, exhibiting a growth rate (CAGR) of 11.2% during 2023-2028.

Factors Affecting the Growth of the Global Smart Glass Industry:

  • Growing Need for Energy Efficiency:

Energy efficiency is a paramount concern in today's construction and automotive industries. Smart Glass, also known as switchable or dynamic glass, offers a solution by dynamically controlling the amount of light and heat that enters a building or vehicle. This ability to regulate sunlight reduces the need for artificial lighting and air conditioning, leading to significant energy savings. As environmental sustainability becomes increasingly important, Smart glass aligns with green building and transportation initiatives. Incentives and regulations promoting energy-efficient solutions further drive the adoption of Smart Glass in both residential and commercial sectors. With its potential to reduce carbon footprints and lower energy costs, Smart Glass is a key driver in the pursuit of sustainable and eco-friendly buildings and vehicles.

  • Enhanced User Experience:

Smart glass enhances the comfort and experience of occupants in various settings. In architectural applications, it can adapt to changing daylight conditions, providing natural light while preventing glare and excessive heat. In the automotive sector, smart glass sunroofs and windows offer passengers adjustable transparency, improving the driving experience. Additionally, privacy and security are enhanced through instant opacity control, making smart glass valuable in healthcare facilities, offices, and residential spaces. As consumers seek more comfortable and technologically advanced environments, the demand for Smart Glass in homes, offices, and automobiles continues to grow. The ability to create customizable and user-centric spaces is a significant driving force behind the adoption of smart glass technology.

  • Rising Security Concerns:

In an era of increasing concern about privacy and security, smart glass addresses these issues effectively. The ability to switch between transparent and opaque states provides instant privacy on demand. This feature is particularly valuable in spaces like conference rooms, hotels, and healthcare facilities where confidentiality is essential. Additionally, smart glass can be integrated with security systems, further enhancing protection against unauthorized access and potential threats. As privacy and security continue to be paramount considerations, the adoption of smart glass in commercial and residential applications is driven by the need for convenient and effective solutions. The technology's ability to offer privacy and security without compromising aesthetics or functionality is a compelling factor behind its growing market presence.

For an in-depth analysis, you can request the sample copy of the report: https://www.imarcgroup.com/smart-glass-market/requestsample

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • AGC Inc.
  • Asahi India Glass Limited
  • ChromoGenics AB
  • Compagnie de Saint-Gobain S.A.
  • Diamond Glass Limited
  • Gauzy Ltd
  • Gentex Corporation
  • Halio Inc.
  • Polytronix Inc.
  • Research Frontiers Inc.
  • View Inc.

Smart Glass Market Report Segmentation:

By Technology: 

  • Thermochromic
  • Photochromic
  • Electrochromic
  • Suspended Particle Device (SPD)
  • Polymer Disperse Liquid Crystal (PDLC)
  • Others

Electrochromic bars dominate the market as it can dynamically control the amount of light and heat entering a building or vehicle.

By Control Mode: 

  • Dimmers
  • Switches
  • Remote Control
  • Others

Based on the control mode, the market is divided into dimmers, switches, remote control, and others.

By Application:

  • Architectural
  • Transportation
  • Consumer Electronics
  • Power Generation

Transportation sector dominates the market as it significantly improves energy efficiency in vehicles.

By Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

North America leads the market as many leading companies in the smart glass industry are based in the region, and they continually invest in research and development.

Smart Glass Market Trends:

Smart glass is increasingly being used in the construction industry for energy-efficient building designs. It can dynamically control the amount of sunlight entering a building, reducing the need for artificial lighting and air conditioning. As sustainable building practices gain momentum, the demand for smart glass in commercial and residential construction continues to rise. Besides, in the automotive sector, smart glass is finding increasing use in sunroofs, windows, and rearview mirrors. Consumers appreciate the ability to adjust transparency and reduce glare. As vehicle technology evolves, smart glass is becoming a key feature, improving comfort and safety.

Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/smart-glass-market

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

Posted in: Business, Technology
Be the first person to like this.