Smart Glass Market Size & Share, Global Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

  • TBI809573
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                          

Abstract, Snapshot, Market Analysis & Market Definition: Global Smart Glass Market

The global Smart Glass market size is projected to reach US$ 11.51 billion by 2026, from US$ 4.92 billion in 2020, at a CAGR of 15.2% during 2021-2026. Increased implementation of sustainable solutions in the architectural and automotive sectors is driving the market growth. These products have garnered widespread importance as end-use industries are realizing their technical attributes and distinctive aesthetics. Moreover, energy-efficient glasses are witnessing high demand as a consequence of policy-driven environmental and energy safety perspective. Administrative support through financial benefits and tax initiatives is also stimulating market growth. Architecturally advanced construction philosophies incorporating the installation of large windows in the majority of buildings are projected to drive demand in Europe. Smart glass has gained importance due to its inherent capability of thermal and acoustic insulation, energy conservation, and aesthetic 3D designer proposition. The automotive and residential applications have witnessed a dynamic phase change in functionalities from legacy weather protection features to seclusion apparatus and advanced energy-conserving. Moreover, positive outlook for the construction industry, recovering automotive production, and rising investments in infrastructure projects are also contributing to industry growth. Numerous opportunities exist in restoration and renovation activities as several windows in the current infrastructure lack energy efficiency. On the other hand, presence of viable substitutes, such as chemical glazes and decals & coatings, may hamper the industry growth. However, the industry is expected to witness substantial growth due to stringent regulations for energy efficiency and rapid urbanization in developing countries leading to increased need for infrastructure development. In addition, consolidations between technology providers and suppliers are fueling the product demand. Recently at CES 2018, Fisker Inc. launched an Electric Vehicle (EV) Fisker E-Motion with SPD smart glass roof. In addition, the company announced its further plan to introduce SPD smart glass technology for side windows. McLaren, a sports car manufacturer, used electrochromic glass for the roof and door windows in the Speedtail Hyper-GT model.

Market Segmentation, Outlook & Viewpoint: Global Smart Glass Market

Technology Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

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

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  • Architectural
  • Transportation
  • Automotive
  • Aircraft
  • Marine
  • Consumer Electronics
  • Power Generation

Key Players, Recent Developments & Regional Insights: Global Smart Glass Market

The transportation segment accounted for the highest market share in 2018 and is projected to retain its leading position throughout the forecast years. Smart glass is widely used in doors, windows, rear-view mirrors, sunroofs, and windshields of vehicles. Rising need for reducing heat build-up and limiting the viewing degree is driving the product demand in this sector. The segment is further categorized into automotive, aircraft, and marine. Automotive sector is the largest consumer of switchable glass and captured the largest revenue share of more than 70% in 2018. The technology provides protection from UV rays and controls heat inside the vehicles by limiting energy consumption. Moreover, initiative for reducing CO2 emissions and minimizing energy consumption are encouraging manufacturers to develop anti-heat glass and glazing solutions. High demand for luxury automobiles, especially in Asia Pacific, is driving the market growth. Furthermore, major aerospace manufacturers, such as The Boeing Company, Beechcraft Corporation, Airbus SA, Bombardier Inc., and Embraer S.A., are shifting towards electronically dimmable windows. The construction sector has contributed significantly to the industry growth in 2018 owing to continual investment in smart technology. Skyscrapers and high towers in MEA have incorporated this technology that has helped in reducing heat and light transmissions to maintain the internal ambiance. Furthermore, architects are using switchable glasses in the construction of new buildings, which is estimated boost the market growth in architectural applications. Also, it is one of the fastest commodity replacing concrete and other building materials to provide a vibrant and dynamic dimension. In addition, the new construction market is anticipated to be more responsive to these glass solutions as compared to the refurbishment market. The corporate sector is one of the major consumers of switchable glass, with an increased installation of the product in cubical partitions and conference rooms, mainly due to its facade characteristics, such as translucent diffusion. The replacement market growth is restricted due to the pre-existing architectural framework of buildings as in their blueprints.

Regional Insights

North America was the largest market in 2018 and is projecetd to maintain its dominacne over the forecast years. Favorable regulations and mandates have led to the growth of the regional market. They have not only added to the overall energy savings but also reduced the maintenance costs, which has had a positive impact on the market. The U.S and European governments have planned to install the electronics equipment with smart glasses and have addressed their transport department towards the same. Increasing automotive production and presence of key companies in North America are contributing the regions growth. Rapidly expanding real estate sector in Asia Pacific is projected to offer numerous growth opportunities over the next few years. Furthermore, growth opportunities exist in the areas of transportation and consumer electronics as manufacturers are increasingly using tinted and switchable products as an alternative to conventional glasses. For instance, the new Mercedes-Benz SLC has incorporated the SPD technology developed by Research Frontiers. In the Europe residential sector, Leadership in Energy and Environmental Design (LEED) and Nearly Zero-Energy Buildings (NZEB) have laid down certain discretionary regulations to augment the green building construction, consequently ensuring the use of eco-friendly material. Specific automotive laws bound the application of tint and glazes on automotive windows to maintain a certain degree of transparency for security concerns.

Smart Glass Market Share Insights

The industry is led by a few major companies, such as AGC, Inc.; Corning Inc.; Saint-Gobain; and DuPont de Nemours, Inc., which offer niche solutions for end-use applications. However, as no single company has expertise in manufacturing all kinds of smart glass technologies, there exists a significant opportunity for consolidations, to gain a stronghold in the market. Key companies focus more on investments and partnerships with technology providers to develop innovative and differentiated products. For instance, in February 2017, Kinestral Technologies invested a significant amount to begin its smart glass production in Taiwan.

Key Insights Covered: Global Smart Glass Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Smart Glass industry. 2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Smart Glass industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Smart Glass industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Smart Glass industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Smart Glass industry.

Research Methodology: Global Smart Glass Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Contents
Chapter 1 Methodology and Scope                1.1 Research Methodology                1.2 Research Scope & Assumptions                1.3 List of Data SourcesChapter 2 Executive Summary                2.1 Smart Glass - Market Snapshot & Key Buying Criteria, 2014 - 2025Chapter 3 Smart Glass Industry Outlook                3.1 Market Segmentation                3.2 Smart Glass - Market Size and Growth Prospects
   3.2.1 Smart glass - New buildings/houses vs. replacement market                3.3 Smart Glass - Value Chain Analysis                3.4 Market Dynamics
   3.4.1 Mar
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