Global Smart Glass Market Forecast: USD 6.2 Billion in 2023, Featuring Growing Trends and Opportunities

Table of Contents

Market Insights

As per recent research by MarkNtel Advisors, The Global Smart Glass Market size was valued at USD 6.2 Billion in 2023 & is estimated to grow at a CAGR of around 15.12% during the forecast period, i.e., 2024–30.

Global Smart Glass Market Driver:

Surge in Urbanization & Infrastructural Development Augmenting Demand for Smart Glass – Growing urbanization has led to the expansion of cities as well as a massive migration of population from rural to urban spaces. With urbanization in developing regions such as Asia-Pacific, the Middle East, and Africa, the construction of residential & commercial spaces has grown extensively. Subsequently, this enhances the need for smart glass in commercial buildings, residential properties, transportation infrastructure, and public spaces. According to the United Nations Conference on Trade and Development (UNCTAD), 57% of the total world population lived in urban areas in 2021, which is further expected to rise to nearly 68% by 2030, leading to the enhancement of commercial & residential construction in the coming years.

Furthermore, rising government initiatives supporting the residential sector include providing capital & financing push to the buyers as well as the real estate developers to fuel the construction activities. The respective support by the government in developing regions such as the Middle East, Asia-Pacific, South America, etc., to expand home ownership among the citizens is another crucial aspect, driving demand for smart glass in the respective regions.

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Market Segmentation and Consumer Behavior:

By Technology
- Electrochromic- Market Size & Forecast 2019-2030F, (USD Million)
- Suspended Particle Devices- Market Size & Forecast 2019-2030F, (USD Million)
- Liquid Crystal- Market Size & Forecast 2019-2030F, (USD Million)
  - Polymer Dispersed Liquid Crystals (PDLCS) – Market Size & Forecast 2019-2030F, (USD Million)
  - Twisted Nematic (TN) Liquid Crystals – Market Size & Forecast 2019-2030F, (USD Million)
- Thermochromic- Market Size & Forecast 2019-2030F, (USD Million)
- Photochromic- Market Size & Forecast 2019-2030F, (USD Million)
- Micro-Blinds- Market Size & Forecast 2019-2030F, (USD Million)
- Others- Market Size & Forecast 2019-2030F, (USD Million)
By Mechanism
- Active- Market Size & Forecast 2019-2030F, (USD Million)
- Passive- Market Size & Forecast 2019-2030F, (USD Million)
By Control Systems
- Manual- Market Size & Forecast 2019-2030F, (USD Million)
- Remote- Market Size & Forecast 2019-2030F, (USD Million)
- Mobile-based- Market Size & Forecast 2019-2030F, (USD Million)
- Voice-based- Market Size & Forecast 2019-2030F, (USD Million)
By End User
- Architecture- Market Size & Forecast 2019-2030F, (USD Million)
  - Residential- Market Size & Forecast 2019-2030F, (USD Million)
  - Commercial- Market Size & Forecast 2019-2030F, (USD Million)
- Transportation- Market Size & Forecast 2019-2030F, (USD Million)
  - Automotive- Market Size & Forecast 2019-2030F, (USD Million)
  - Aerospace- Market Size & Forecast 2019-2030F, (USD Million)
  - Marine- Market Size & Forecast 2019-2030F, (USD Million)
- Power Generation Plants- Market Size & Forecast 2019-2030F, (USD Million)
- Consumer Electronics & Others- Market Size & Forecast 2019-2030F, (USD Million)

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Smart Glass Market Geographical Analysis:

By Region:

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Key Players and Competitive Strategies in the Smart Glass Market

Several prominent players dominate the Smart Glass Market, including:

Asahi Glass Co. Ltd. (AGC Inc.)
Smartglass International Ltd.
ChromoGenics AB
Corning, Inc.
Guardian Glass LLC.
Innovative Glass Corporation
HALIO Inc.
Schott AG
View Inc.
Saint-Gobain SA
Merck KGaA
Research Frontiers Inc.
Nippon Steel Glass (NSG) Group

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Questions Addressed in this Study

1.What factors are driving the Smart Glass Market growth?

2.How is the Smart Glass Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Smart Glass Market?

4.What is the current size of the Smart Glass Market, and how is it projected to change in the future?

5.What is the future outlook for the Smart Glass Market in terms of technological advancements and market expansion?

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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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