스마트 글래스 시장 예측(-2030년) : 기술별, 메커니즘별, 제어 시스템별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Smart Glass Market is accounted for $5.58 billion in 2023 and is expected to reach $12.17 billion by 2030 growing at a CAGR of 11.8% during the forecast period. Smart glass, sometimes referred to as switchable glass or privacy glass, is a technological and architectural marvel of the modern era. In contrast to conventional glass, smart glass is able to change its opacity or transparency in response to changes in temperature, light, or voltage. Its novel feature allows it to change from transparent to translucent or opaque, providing control over light transmission and privacy.

Market Dynamics:

Driver:

Demand in buildings for energy-efficient solutions

The need for smart glass in buildings has increased due to the growing focus on sustainability and energy efficiency in building design. By controlling the amount of heat and light that enters a building, smart glass helps reduce energy consumption by lowering the need for artificial lighting, heating, and cooling. By lowering carbon emissions, this lowers energy costs while also promoting environmental conservation. Additionally, the use of smart glass solutions is anticipated to increase in both residential and commercial buildings due to strict building regulations and certifications that promote energy-efficient construction methods globally.

Restraint:

Expensive initial outlay and extended payback time

The initial cost of smart glass is higher than that of traditional glass alternatives, which is one of the main obstacles preventing its widespread adoption. Because of its high price point, complex manufacturing procedures, and cutting-edge technologies, smart glass is an expensive investment for developers and property owners. Furthermore, even though smart glasses provide long-term advantages and energy savings, some potential customers may be discouraged from adopting the technology due to the lengthy payback period of the initial investment.

Opportunity:

Growth into developing areas and markets

Emerging markets and regions are experiencing faster rates of urbanization, infrastructure development, and construction activity, which is driving up demand for cutting-edge building technologies like smart glass. A major opportunity for smart glass manufacturers to profit from the construction boom and changing architectural trends is to increase market penetration in areas like Asia-Pacific, Latin America, and the Middle East. Moreover, manufacturers can position themselves to meet the growing demand for smart glass solutions and spur revenue growth in emerging markets by forming local partnerships, distribution channels, and market presence.

Threat:

Competition from traditional glass substitutes

Due to their familiarity and affordability, traditional glass products like double-glazed windows and low-emissivity (low-E) glass are still widely used in construction and automotive applications. These traditional glass substitutes provide the same basic functionality as smart glass technologies, but without the added complexity or expense. Additionally, well-established players in the glass industry with traditional solutions compete in the smart glass market.

Covid-19 Impact:

The COVID-19 pandemic has caused supply chain disruptions, project delays, and demand fluctuations, all of which have had a substantial effect on the smart glass market. The economic downturn caused by the pandemic resulted in a decrease in construction activity, a delay in architectural projects, and a reduction in consumer spending, especially in industries like commercial real estate, hospitality, and automotive. Furthermore, production operations and product availability were negatively impacted by supply chain disruptions, which included factory closures, logistical difficulties, and shortages of components and raw materials.

The Mobile-based segment is expected to be the largest during the forecast period

In the smart glass market, the mobile-based segment commands the largest share. Via smartphone applications, users of mobile-based smart glass solutions can easily control and customize the transparency, tinting, and other properties of the glass from a distance. Moreover, the increasing popularity of connected Internet of Things (IoT) devices and the broad use of smartphones have led to growth in this market. With a single tap of a button on their mobile devices, users of mobile-based smart glass solutions can optimize natural light, augment privacy, and boost energy efficiency for a range of residential, commercial, and automotive uses.

The Transportation segment is expected to have the highest CAGR during the forecast period

In the smart glass market, the transportation segment has the highest CAGR. The primary driver of this growth is the rising demand for sophisticated glazing solutions in automotive applications, which aim to enhance the safety, energy efficiency, and aesthetics of vehicles. Cars are becoming more and more equipped with smart glass technologies to provide features like heads-up displays, switchable privacy glass, and dimmable sunroofs, which improve driver comfort and the driving experience as a whole. Furthermore, automakers are adopting smart glass solutions due to strict regulations requiring the integration of energy-efficient and safety technologies in vehicles.

Region with largest share:

The market for smart glasses is dominated by North America. The prevailing position in the market is ascribed to elements like the existence of significant players, progress in technology, and a strong infrastructure that facilitates the integration of smart glass solutions in diverse sectors. The region's strong emphasis on sustainability, together with strict laws governing energy use and green building programs, has increased demand for smart glass in projects involving both residential and commercial construction. Moreover, the market for smart glasses is greatly influenced by the North American automotive sector, which integrates more and more cutting-edge glazing technologies into cars to improve comfort, safety, and aesthetics.

Region with highest CAGR:

In the smart glass market, the Asia-Pacific region has the highest CAGR. Rapid urbanization, the development of infrastructure, and rising investments in smart building technologies throughout nations like China, Japan, and India are the main drivers of this growth. Smart glass adoption in commercial and residential construction projects is being driven by the region's burgeoning construction industry as well as government initiatives promoting sustainable building practices and energy-efficient solutions. Additionally, increasing disposable incomes, evolving consumer preferences, and heightened cognizance of smart technologies are all driving factors behind the need for smart glass in automotive settings, especially high-end cars.

Key players in the market

Some of the key players in Smart Glass market include DuPont, Asahi Glass Co., Ltd., Gauzy Ltd., Hitachi Chemical Co., Ltd., AGC Inc., Nippon Sheet Glass Co., Ltd., Polytronix, Inc., Merck KGaA (Merck Group), Gentex Corporation, ChromoGenics AB, PPG Industries, Inc., Vision Systems, Research Frontiers Inc., Corning Incorporated, View Inc., Kinestral Technologies, Inc. and Saint-Gobain S.A.

Key Developments:

In May 2024, Asahi India Glass and INOX Air Products sign MoU for Green Hydrogen. INOX Air Products, a manufacturer of industrial and medical gases, has signed a Memorandum of Understanding (MoU) with Asahi India Glass Limited (AIS) for a 20-year offtake agreement to supply green hydrogen to AIS's greenfield float glass facility in Soniyana, Chittorgarh, Rajasthan.

In February 2024, AGC Chemicals Americas Inc. announces an expansion at its Thorndale, Pennsylvania, production facility that will add up to fifty percent more manufacturing, quality control lab and office space. The multiuse facility will be configured to meet the growing needs of current business and accommodate future production increases and new capabilities.

In August 2023, DuPont announced a definitive agreement to sell an 80.1% ownership interest in the Delrin(R) acetal homopolymer (H-POM) business1 to TJC LP (TJC) in a transaction valuing the business at $1.8 billion. TJC has received fully committed financing in connection with the transaction, which is expected to close around year-end 2023, subject to customary closing conditions and regulatory approval.

Technologies Covered:

• Electrochromic
• Suspended Particle Display (SPD)
• Liquid Crystal (LC)
• Photochromic
• Thermochromic
• Micro-blinds
• Other Technologies

Mechanisms Covered:

• Active
• Passive

Control Systems Covered:

• Manual
• Remote
• Mobile-based
• Voice-based
• Other Control Systems

End Users Covered:

• Architecture
• Transportation
• Power Generation Plants
• Consumer Electronics
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Smart Glass Market, By Technology

• 5.1 Introduction
• 5.2 Electrochromic
• 5.3 Suspended Particle Display (SPD)
• 5.4 Liquid Crystal (LC)
  • 5.4.1 Polymer Dispersed Liquid Crystal (PDLC)
  • 5.4.2 Twisted Nematic (TN) Liquid Crystals
• 5.5 Photochromic
• 5.6 Thermochromic
• 5.7 Micro-blinds
• 5.8 Other Technologies

6 Global Smart Glass Market, By Mechanism

• 6.1 Introduction
• 6.2 Active
• 6.3 Passive

7 Global Smart Glass Market, By Control System

• 7.1 Introduction
• 7.2 Manual
• 7.3 Remote
• 7.4 Mobile-based
• 7.5 Voice-based
• 7.6 Other Control Systems

8 Global Smart Glass Market, By End User

• 8.1 Introduction
• 8.2 Architecture
  • 8.2.1 Residential
  • 8.2.2 Commercial
• 8.3 Transportation
  • 8.3.1 Automotive
  • 8.3.2 Aerospace
  • 8.3.3 Marine
• 8.4 Power Generation Plants
• 8.5 Consumer Electronics
• 8.6 Other End Users

9 Global Smart Glass Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 DuPont
• 11.2 Asahi Glass Co., Ltd.
• 11.3 Gauzy Ltd.
• 11.4 Hitachi Chemical Co., Ltd.
• 11.5 AGC Inc.
• 11.6 Nippon Sheet Glass Co., Ltd.
• 11.7 Polytronix, Inc.
• 11.8 Merck KGaA (Merck Group)
• 11.9 Gentex Corporation
• 11.10 ChromoGenics AB
• 11.11 PPG Industries, Inc.
• 11.12 Vision Systems
• 11.13 Research Frontiers Inc.
• 11.14 Corning Incorporated
• 11.15 View Inc.
• 11.16 Kinestral,Technologies, Inc.
• 11.17 Saint-Gobain S.A.