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Report Overview

The global smart glass market attained a value of nearly USD 6.04 billion in 2023. The smart glass market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 16.2% to reach USD 23.34 billion by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Smart Glass Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 6.04
Market Size 2032 USD Billion 23.34
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 16.2%
CAGR 2024-2032 - Market by Region Asia Pacific 17.8%
CAGR 2024-2032 - Market by Country India 19.4%
CAGR 2024-2032 - Market by Country China 18.1%
CAGR 2024-2032 - Market by Technology Electrochromic (EC) 18.3%
CAGR 2024-2032 - Market by Application Construction 17.9%
Market Share by Country 2023 Japan 4.2%

Global Smart Glass Market

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Market Segmentation

Smart glass or switchable glass refers to a glass or glazing whose light-transmitting characteristics are altered when the strength, illumination, or heat is applied. This is also the case with smart windows or switchable windows. The glass switches usually from clear to translucent, and vice versa; from allowing light to block some (or all) wavelengths of light and vice versa.

On the basis of technology, the smart glass market can be divided into:

  • Electrochromic (EC)
  • Polymer Dispersed Liquid Crystal (PDLC) 
  • Suspended Particles Devices (SPD) 
  • Thermochromic
  • Photochromic

The smart glass market can be broadly categorised based on its applications into:

  • Construction
  • Transportation
  • Electronics
  • Power Generation

Looks into the regional markets of smart glass like:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Smart Glass Market By Application

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CAGR 2024-2032 - Market by Country
India 19.4%
China 18.1%
UK 14.8%
USA 14.4%
Germany 13.3%
Canada XX%
France XX%
Italy XX%
Japan 11.2%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

Market Analysis

The rising product demand for improved aesthetics in residential as well as commercial buildings is projected to fuel the smart glass market growth in the forecast period. Architects are increasingly utilising smart technology in new buildings, which is anticipated to have a positive effect on the product demand in the field of architectural applications. Smart glass is slowly replacing its traditional equivalent in cars, aircraft, and trains, leading to substantial growth prospects for transport sector manufacturers. Due to the increased use in commercial buildings and the transport sector, the electrochromic smart glass segment is expected to witness the highest growth in the industry.

Global Smart Glass Market By Region

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global smart glass market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • AGC Inc.  
  • Compagnie de Saint-Gobain S.A. 
  • Corning Incorporated 
  • Gentex Corporation 
  • Guardian Industries Holdings
  • Polytronix, Inc.
  • Others

The EMR report gives an in-depth insight into the smart glass market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global smart glass market attained a value of nearly USD 6.04 billion.

The market is projected to grow at a CAGR of 16.2% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 23.34 billion by 2032.

The major drivers expected to aid the market growth are the thriving automotive sector, rising disposable incomes, increasing population, and growing construction industry, 

The key trends guiding the growth of the market include the growing product demand with rising focus on aesthetics in residential as well as commercial architectural applications and rapid technological advancement.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Electrochromic (EC), polymer dispersed liquid crystal (PDLC), suspended particles devices (SPD), thermochromic, and photochromic are the leading smart glass technologies in the market.

The significant applications of smart glass are construction, transportation, electronics, and power generation.

The major players in the global smart glass market are AGC Inc., Compagnie de Saint-Gobain S.A., Corning Incorporated, Gentex Corporation, Polytronix, Inc., and Guardian Industries Holdings, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • Application
  • Region
Breakup by Technology
  • Electrochromic (EC)
  • Polymer Dispersed Liquid Crystal (PDLC)
  • Suspended Particles Devices (SPD)
  • Thermochromic
  • Photochromic
Breakup by Application
  • Construction
  • Transportation
  • Electronics
  • Power Generation
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • AGC Inc.
  • Compagnie de Saint-Gobain S.A.
  • Corning Incorporated
  • Gentex Corporation
  • Polytronix, Inc.
  • Guardian Industries Holdings
  • Others
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63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124