Global Smart Glass Market Report

Date: 1 August 2019

According to a research report published by Azoth Analytics in July 2019, the Smart Glass Market was valued at USD 3,548.12 Million in the year 2018. Key responsible factors for high demand of Smart Glass includes product performance, durability and growing adoption in developed and developing countries. Additionally, growth in per capita income and development in manufacturing sector boost the demand of smart glasses. Global Smart Glass market has gained importance due to its inherent capability of thermal and acoustic insulation, energy conservation and aesthetic 3D designer proposition. These markets are influenced by many factors including changing consumer preferences, consumer confidence and the overall strength of the economy.

The Azoth Analytics research report titled Global Smart Glass Market has analysed and segmented the Smart Glass Market by Value (USD Million). The report has also further analysed the Smart Glass Market by Technology (Electrochromic, Photochromic, Polymer Dispersed Liquid Crystal, Suspended Particle Display, Thermochromic), By End-Users Application (Transportation, Construction, Consumer Electronics, Solar Power Generation). The Global Smart Glass Market has been analysed By Region (Americas, Europe, Asia Pacific, LAMEA) and By Country (United States, Canada, Mexico, Brazil, Rest Of Americas, United Kingdom, Germany, France, Russia, Rest of Europe, China, Japan, India, Rest of Asia Pacific) for the historical period of 2014-2018 and the forecast period of 2019-2024.

Smart glass is playing a significant role in automotive field where the luxurious car manufacturing companies are going for smart glass to be incorporated in their vehicles. Automotive segment captured the major chunk in smart glass market owing to the fact the application is compensating all other expenditures including air-conditioning, lightning, heating etc. The transportation sector is expected to remain the largest end-use market over the forecasted period, led by global economic recovery, technology development to reduce fuel/energy consumption and CO2 emissions, and automotive demand growth, especially from developing economies.
North America currently leads the smart glass market in terms of production and consumption followed by Europe and Asia Pacific. In both Europe and North America, a supportive regulatory environment for energy-efficient building materials and products, the presence of key value chain participants (including smart glass producers, premium automotive OEMs etc.) and growing consumer awareness are all driving strong growth in consumption of smart glass. 

Technological advancement in transportation vehicles includes introduction of larger sunroofs and panoramic roofs and large windows with more passenger control and functionality in aircraft industry are few major trends in smart glass market. The roofs give occupants an unobstructed view of the heavens and a feeling of openness that comes with the impression that they are traveling in a convertible car – but without the disadvantages of noise, wind and rain. On worldwide basis some 11% of all new passenger cars already have a panoramic sunroof.

In the “transport category” primarily large commercial passenger aircraft segment, the world’s two largest aircraft manufacturers are both promoting the size of the windows in new aircraft platforms already being delivered e.g. Boeing 787 and Airbus A350. In the “general aviation” category primarily business jets, private or chartered smaller aircraft this trend is true as well. For example, Gulfstream is promoting the size of the windows on their G650 platform, and Bombardier highlights the size of the cabin window on the upcoming Global 7000 and 8000 platforms.