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Smart Glass and Smart Window Market By Technology, By End User: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 230 Pages
  • April 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640308
Description Jump to:
The global smart glass and smart window market size was valued at $5.14 billion in 2020, and is projected to reach $19.62 billion by 2030, registering a CAGR of 15.0% from 2021 to 2030. Smart glass and smart window are glass-based products, in which light transmission properties vary when voltage, light, or heat is applied. In a smart window, glass normally transforms from translucent to transparent by blocking numerous wavelengths of light. It is widely used in automotive, aerospace, marine, commercial & residential buildings, and other industries.

Growth of the global smart glass and smart window market is anticipated to be driven by factors, such as growing demand for smart glass-based products in the automotive & aviation sector, reducing expenditure on air-conditioning, heating, and lighting, and stringent regulations by government. However, high initial cost of smart glass and smart window products acts as a major restraint for the market. On the contrary, decline in the price of electrochromic materials, adoption of new technology, and advancements in smart glass functions are expected to fuel the market growth during the forecast period.

The smart glass and smart window market is segmented on the basis of technology, end user, and region. By technology, the market is classified into active, and passive. On the basis of end user, market is divided into automotive, aviation, marine, and construction.

Region-wise, the smart glass and smart window market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America dominated the smart glass and smart window market in 2020, and is projected to register significant growth rate during the forecast period, owing to growth in the automotive segment. However, Asia-Pacific is expected to witnesses significant growth by the end of the forecast period, followed by LAMEA. The key players operating in the market include Asahi Glass Co., Ltd., Corning Incorporated, Gentex Corporation, Hitachi Ltd. (Hitachi Chemical Co., Ltd.), Pleotint LLC, PPG Industries Inc., Ravenbrick LLC (Ravenwindow), Research Frontiers Incorporated, Saint Gobain, and View Inc.

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global smart glass and smart window market size along with current trends and future estimations to depict imminent investment pockets.
  • The overall smart glass and smart window market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current smart glass and smart window market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and the smart glass and smart window market share of key vendors.
  • The report includes the market trends and the market share of key vendors.

Key Market Segments


By Technology

  • Active
  • Passive

By End User

  • Automotive
  • Aviation
  • Marine
  • Construction

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Asahi Glass Co Ltd
  • Corning Incorporated
  • Gentex Corporation
  • Hitachi Ltd (Hitachi Chemical Co Ltd)
  • Pleotint LLC
  • Ppg Industries Inc
  • Ravenbrick LLC (Ravenwindow)
  • Research Frontiers Incorporated
  • Saint Gobain
  • View Inc

 

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  • PDF Single and Enterprise price formats enable printing.

 

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: SMART GLASS AND SMART WINDOW MARKET, BY TECHNOLOGY
4.1 Overview
4.1.1 Market size and forecast
4.2 Active
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Passive
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: SMART GLASS AND SMART WINDOW MARKET, BY END USER
5.1 Overview
5.1.1 Market size and forecast
5.2 Automotive
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Aviation
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Marine
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Construction
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: SMART GLASS AND SMART WINDOW MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Technology
6.2.3 North America Market size and forecast, by End User
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Technology
6.2.4.1.2 Market size and forecast, by End User
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Technology
6.2.4.2.2 Market size and forecast, by End User
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Technology
6.2.4.3.2 Market size and forecast, by End User
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Technology
6.3.3 Europe Market size and forecast, by End User
6.3.4 Europe Market size and forecast, by country
6.3.4.1 U.K.
6.3.4.1.1 Market size and forecast, by Technology
6.3.4.1.2 Market size and forecast, by End User
6.3.4.2 Germany
6.3.4.2.1 Market size and forecast, by Technology
6.3.4.2.2 Market size and forecast, by End User
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Technology
6.3.4.3.2 Market size and forecast, by End User
6.3.4.4 Rest of Europe
6.3.4.4.1 Market size and forecast, by Technology
6.3.4.4.2 Market size and forecast, by End User
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Technology
6.4.3 Asia-Pacific Market size and forecast, by End User
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Technology
6.4.4.1.2 Market size and forecast, by End User
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Technology
6.4.4.2.2 Market size and forecast, by End User
6.4.4.3 South Korea
6.4.4.3.1 Market size and forecast, by Technology
6.4.4.3.2 Market size and forecast, by End User
6.4.4.4 India
6.4.4.4.1 Market size and forecast, by Technology
6.4.4.4.2 Market size and forecast, by End User
6.4.4.5 Rest of Asia-Pacific
6.4.4.5.1 Market size and forecast, by Technology
6.4.4.5.2 Market size and forecast, by End User
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Technology
6.5.3 LAMEA Market size and forecast, by End User
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Market size and forecast, by Technology
6.5.4.1.2 Market size and forecast, by End User
6.5.4.2 Middle East
6.5.4.2.1 Market size and forecast, by Technology
6.5.4.2.2 Market size and forecast, by End User
6.5.4.3 Africa
6.5.4.3.1 Market size and forecast, by Technology
6.5.4.3.2 Market size and forecast, by End User
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Asahi Glass Co Ltd
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Corning Incorporated
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Gentex Corporation
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Hitachi Ltd (Hitachi Chemical Co Ltd)
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Pleotint LLC
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Ppg Industries Inc
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Ravenbrick LLC (Ravenwindow)
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Research Frontiers Incorporated
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Saint Gobain
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 View Inc
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Smart Glass and Smart Window Market, by Technology, 2020-2030, ($Million)
Table 2. Smart Glass and Smart Window Market Revenue, for Active, by Region, 2020-2030, ($Million)
Table 3. Smart Glass and Smart Window Market Active by Country, 2020-2030, ($Million)
Table 4. Smart Glass and Smart Window Market Revenue, for Passive, by Region, 2020-2030, ($Million)
Table 5. Smart Glass and Smart Window Market Passive by Country, 2020-2030, ($Million)
Table 6. Global Smart Glass and Smart Window Market, by End-user, 2020-2030, ($Million)
Table 7. Smart Glass and Smart Window Market Revenue, for Automotive, by Region, 2020-2030, ($Million)
Table 8. Smart Glass and Smart Window Market Automotive by Country, 2020-2030, ($Million)
Table 9. Smart Glass and Smart Window Market Revenue, for Aviation, by Region, 2020-2030, ($Million)
Table 10. Smart Glass and Smart Window Market Aviation by Country, 2020-2030, ($Million)
Table 11. Smart Glass and Smart Window Market Revenue, for Marine, by Region, 2020-2030, ($Million)
Table 12. Smart Glass and Smart Window Market Marine by Country, 2020-2030, ($Million)
Table 13. Smart Glass and Smart Window Market Revenue, for Construction, by Region, 2020-2030, ($Million)
Table 14. Smart Glass and Smart Window Market Construction by Country, 2020-2030, ($Million)
Table 15. Smart Glass and Smart Window Market, by Region, 2020-2030, ($Million)
Table 16. North America Smart Glass and Smart Window Market, by Technology, 2020-2030, ($Million)
Table 17. North America Smart Glass and Smart Window Market, by End-user, 2020-2030, ($Million)
Table 18. North America Smart Glass and Smart Window Market, by Country, 2020-2030, ($Million)
Table 19. U.S. Smart Glass and Smart Window Market by Technology 2020-2030, ($Million)
Table 20. U.S. Smart Glass and Smart Window Market by End-user 2020-2030, ($Million)
Table 21. Canada Smart Glass and Smart Window Market by Technology 2020-2030, ($Million)
Table 22. Canada Smart Glass and Smart Window Market by End-user 2020-2030, ($Million)
Table 23. Mexico Smart Glass and Smart Window Market by Technology 2020-2030, ($Million)
Table 24. Mexico Smart Glass and Smart Window Market by End-user 2020-2030, ($Million)
Table 25. Europe Smart Glass and Smart Window Market, by Technology, 2020-2030, ($Million)
Table 26. Europe Smart Glass and Smart Window Market, by End-user, 2020-2030, ($Million)
Table 27. Europe Smart Glass and Smart Window Market, by Country, 2020-2030, ($Million)
Table 28. U.K. Smart Glass and Smart Window Market by Technology 2020-2030, ($Million)
Table 29. U.K. Smart Glass and Smart Window Market by End-user 2020-2030, ($Million)
Table 30. Germany Smart Glass and Smart Window Market by Technology 2020-2030, ($Million)
Table 31. Germany Smart Glass and Smart Window Market by End-user 2020-2030, ($Million)
Table 32. France Smart Glass and Smart Window Market by Technology 2020-2030, ($Million)
Table 33. France Smart Glass and Smart Window Market by End-user 2020-2030, ($Million)
Table 34. Rest of Europe Smart Glass and Smart Window Market by Technology 2020-2030, ($Million)
Table 35. Rest of Europe Smart Glass and Smart Window Market by End-user 2020-2030, ($Million)
Table 36. Asia-Pacific Smart Glass and Smart Window Market, by Technology, 2020-2030, ($Million)
Table 37. Asia-Pacific Smart Glass and Smart Window Market, by End-user, 2020-2030, ($Million)
Table 38. Asia-Pacific Smart Glass and Smart Window Market, by Country, 2020-2030, ($Million)
Table 39. China Smart Glass and Smart Window Market by Technology 2020-2030, ($Million)
Table 40. China Smart Glass and Smart Window Market by End-user 2020-2030, ($Million)
Table 41. Japan Smart Glass and Smart Window Market by Technology 2020-2030, ($Million)
Table 42. Japan Smart Glass and Smart Window Market by End-user 2020-2030, ($Million)
Table 43. South Korea Smart Glass and Smart Window Market by Technology 2020-2030, ($Million)
Table 44. South Korea Smart Glass and Smart Window Market by End-user 2020-2030, ($Million)
Table 45. India Smart Glass and Smart Window Market by Technology 2020-2030, ($Million)
Table 46. India Smart Glass and Smart Window Market by End-user 2020-2030, ($Million)
Table 47. Rest of Asia-Pacific Smart Glass and Smart Window Market by Technology 2020-2030, ($Million)
Table 48. Rest of Asia-Pacific Smart Glass and Smart Window Market by End-user 2020-2030, ($Million)
Table 49. LAMEA Smart Glass and Smart Window Market, by Technology, 2020-2030, ($Million)
Table 50. LAMEA Smart Glass and Smart Window Market, by End-user, 2020-2030, ($Million)
Table 51. LAMEA Smart Glass and Smart Window Market, by Country, 2020-2030, ($Million)
Table 52. Latin America Smart Glass and Smart Window Market by Technology 2020-2030, ($Million)
Table 53. Latin America Smart Glass and Smart Window Market by End-user 2020-2030, ($Million)
Table 54. Middle East Smart Glass and Smart Window Market by Technology 2020-2030, ($Million)
Table 55. Middle East Smart Glass and Smart Window Market by End-user 2020-2030, ($Million)
Table 56. Africa Smart Glass and Smart Window Market by Technology 2020-2030, ($Million)
Table 57. Africa Smart Glass and Smart Window Market by End-user 2020-2030, ($Million)
Table 58. Asahi Glass Co Ltd: Company Snapshot
Table 59. Asahi Glass Co Ltd: Operating Segments
Table 60. Asahi Glass Co Ltd: Product Portfolio
Table 61. Asahi Glass Co Ltd: Net Sales
Table 62. Asahi Glass Co Ltd: Key Stratergies
Table 63. Corning Incorporated: Company Snapshot
Table 64. Corning Incorporated: Operating Segments
Table 65. Corning Incorporated: Product Portfolio
Table 66. Corning Incorporated: Net Sales
Table 67. Corning Incorporated: Key Stratergies
Table 68. Gentex Corporation: Company Snapshot
Table 69. Gentex Corporation: Operating Segments
Table 70. Gentex Corporation: Product Portfolio
Table 71. Gentex Corporation: Net Sales
Table 72. Gentex Corporation: Key Stratergies
Table 73. Hitachi Ltd (Hitachi Chemical Co Ltd): Company Snapshot
Table 74. Hitachi Ltd (Hitachi Chemical Co Ltd): Operating Segments
Table 75. Hitachi Ltd (Hitachi Chemical Co Ltd): Product Portfolio
Table 76. Hitachi Ltd (Hitachi Chemical Co Ltd): Net Sales
Table 77. Hitachi Ltd (Hitachi Chemical Co Ltd): Key Stratergies
Table 78. Pleotint LLC: Company Snapshot
Table 79. Pleotint LLC: Operating Segments
Table 80. Pleotint LLC: Product Portfolio
Table 81. Pleotint LLC: Net Sales
Table 82. Pleotint LLC: Key Stratergies
Table 83. Ppg Industries Inc: Company Snapshot
Table 84. Ppg Industries Inc: Operating Segments
Table 85. Ppg Industries Inc: Product Portfolio
Table 86. Ppg Industries Inc: Net Sales
Table 87. Ppg Industries Inc: Key Stratergies
Table 88. Ravenbrick LLC (Ravenwindow): Company Snapshot
Table 89. Ravenbrick LLC (Ravenwindow): Operating Segments
Table 90. Ravenbrick LLC (Ravenwindow): Product Portfolio
Table 91. Ravenbrick LLC (Ravenwindow): Net Sales
Table 92. Ravenbrick LLC (Ravenwindow): Key Stratergies
Table 93. Research Frontiers Incorporated: Company Snapshot
Table 94. Research Frontiers Incorporated: Operating Segments
Table 95. Research Frontiers Incorporated: Product Portfolio
Table 96. Research Frontiers Incorporated: Net Sales
Table 97. Research Frontiers Incorporated: Key Stratergies
Table 98. Saint Gobain: Company Snapshot
Table 99. Saint Gobain: Operating Segments
Table 100. Saint Gobain: Product Portfolio
Table 101. Saint Gobain: Net Sales
Table 102. Saint Gobain: Key Stratergies
Table 103. View Inc: Company Snapshot
Table 104. View Inc: Operating Segments
Table 105. View Inc: Product Portfolio
Table 106. View Inc: Net Sales
Table 107. View Inc: Key Stratergies
LIST OF FIGURES
Figure 1. Smart Glass and Smart Window Market Segmentation
Figure 2. Smart Glass and Smart Window Market, 2020-2030
Figure 3. Smart Glass and Smart Window Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Smart Glass and Smart Window Market:Drivers, Restraints and Opportunities
Figure 11. Smart Glass and Smart Window Market, by Technology, 2020 (%)
Figure 12. Comparative Share Analysis of Active Smart Glass and Smart Window Market, 2020-2030 (%)
Figure 13. Comparative Share Analysis of Passive Smart Glass and Smart Window Market, 2020-2030 (%)
Figure 14. Smart Glass and Smart Window Market, by End-user, 2020 (%)
Figure 15. Comparative Share Analysis of Automotive Smart Glass and Smart Window Market, 2020-2030 (%)
Figure 16. Comparative Share Analysis of Aviation Smart Glass and Smart Window Market, 2020-2030 (%)
Figure 17. Comparative Share Analysis of Marine Smart Glass and Smart Window Market, 2020-2030 (%)
Figure 18. Comparative Share Analysis of Construction Smart Glass and Smart Window Market, 2020-2030 (%)
Figure 19. Smart Glass and Smart Window Market by Region, 2020
Figure 20. U.S. Smart Glass and Smart Window Market, 2020-2030 ($Million)
Figure 21. Canada Smart Glass and Smart Window Market, 2020-2030 ($Million)
Figure 22. Mexico Smart Glass and Smart Window Market, 2020-2030 ($Million)
Figure 23. U.K. Smart Glass and Smart Window Market, 2020-2030 ($Million)
Figure 24. Germany Smart Glass and Smart Window Market, 2020-2030 ($Million)
Figure 25. France Smart Glass and Smart Window Market, 2020-2030 ($Million)
Figure 26. Rest of Europe Smart Glass and Smart Window Market, 2020-2030 ($Million)
Figure 27. China Smart Glass and Smart Window Market, 2020-2030 ($Million)
Figure 28. Japan Smart Glass and Smart Window Market, 2020-2030 ($Million)
Figure 29. South Korea Smart Glass and Smart Window Market, 2020-2030 ($Million)
Figure 30. India Smart Glass and Smart Window Market, 2020-2030 ($Million)
Figure 31. Rest of Asia-Pacific Smart Glass and Smart Window Market, 2020-2030 ($Million)
Figure 32. Latin America Smart Glass and Smart Window Market, 2020-2030 ($Million)
Figure 33. Middle East Smart Glass and Smart Window Market, 2020-2030 ($Million)
Figure 34. Africa Smart Glass and Smart Window Market, 2020-2030 ($Million)
Figure 35. Top Winning Strategies, by Year
Figure 36. Top Winning Strategies, by Development
Figure 37. Top Winning Strategies, by Company
Figure 38. Product Mapping of Top 10 Players
Figure 39. Competitive Dashboard
Figure 40. Competitive Heatmap of Top 10 Key Players
Figure 41. Asahi Glass Co Ltd.: Net Sales, ($Million)
Figure 42. Corning Incorporated.: Net Sales, ($Million)
Figure 43. Gentex Corporation.: Net Sales, ($Million)
Figure 44. Hitachi Ltd (Hitachi Chemical Co Ltd).: Net Sales, ($Million)
Figure 45. Pleotint LLC.: Net Sales, ($Million)
Figure 46. Ppg Industries Inc.: Net Sales, ($Million)
Figure 47. Ravenbrick LLC (Ravenwindow).: Net Sales, ($Million)
Figure 48. Research Frontiers Incorporated.: Net Sales, ($Million)
Figure 49. Saint Gobain.: Net Sales, ($Million)
Figure 50. View Inc.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Smart Glass and Smart Window Market,' the smart glass and smart window market was valued at $5.1 billion in 2020, and is estimated to reach $19.6 billion by 2030, growing at a CAGR of 15% from 2021 to 2030. The global smart glass and smart window market size was valued at $5.14 billion in 2020, and is projected to reach $19.62 billion by 2030, registering a CAGR of 15.0%. Asia-Pacific is expected to be the leading contributor toward the smart glass and smart window market during the forecast period, followed by LAMEA and Europe.

Smart glass and smart window have features, such as controlling heat, absorbing ultraviolet light, and getting their transmission properties changed from opaque to translucent to transparent when voltage, heat or light is applied. Also, the use of electrochromic smart windows is the latest trend which reduces energy costs and provides architects with more design freedom.

Growth of the global smart glass and smart window industry is anticipated to be driven by factors, such as growing demand for smart glass-based products in automotive & aviation sector, reducing expenditure on air-conditioning, heating & lighting, and stringent regulations by government. However, high initial cost of smart glass and smart window products acts as a major restraint for the market. On the contrary, decline in the price of electrochromic materials, adoption of new technology, and advancements in smart glass functions are expected to fuel the market growth during the forecast period.

Moreover, developing nations tend to witness high penetration of smart glass and smart window products, especially in the automotive segment, which is anticipated to augment the smart glass and smart window market growth. Factors, such as rise in demand for electric and hybrid vehicles accelerate the market growth.

The smart glass and smart window market is segmented on the basis of technology, end user, and region. By technology, the market is classified into active and passive. On the basis of end user, the market is divided into automotive, aviation, marine, and construction. Also, the report provides a detailed smart glass and smart window market analysis based on competitive intensity and how the competition will take shape in coming years.

Region-wise, the smart glass and smart window market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed maximum revenue in 2020. However, between 2020 and 2030, the smart glass and smart window market in Asia-Pacific is expected to grow at a faster rate as compared to other regions. This is attributed to increase in demand from emerging economical countries such as India, China, and South Korea.

KEY FINDINGS OF STUDY

  • The active segment is projected to be the major technology, followed by passive.
  • Asia-Pacific and North America collectively accounted for more than 59% of the smart glass and smart window market share in 2020.
  • India is anticipated to witness highest growth rate during the forecast period.
  • The U.S. was the major shareholder in the North America smart glass and smart window market, accounting for approximately $ 70% share in 2020.
  • Depending on end user, the construction segment generated the highest revenue in 2020. However, the automotive segment is expected to witness the highest growth rate in the future.
  • Region-wise, the smart glass and smart window market was dominated by North America. However, Asia-Pacific is expected to witness significant growth in the coming years.
The key players profiled in the report include Asahi Glass Co., Ltd., Corning Incorporated, Gentex Corporation, Hitachi Ltd. (Hitachi Chemical Co., Ltd.), Pleotint LLC, PPG Industries Inc., Ravenbrick LLC (Ravenwindow), Research Frontiers Incorporated, Saint Gobain, and View Inc. These players have adopted various strategies such as partnership, acquisition, and product launch to strengthen their foothold in the industry.

Companies Mentioned

  • Asahi Glass Co Ltd
  • Corning Incorporated
  • Gentex Corporation
  • Hitachi Ltd (Hitachi Chemical Co Ltd)
  • Pleotint LLC
  • Ppg Industries Inc
  • Ravenbrick LLC (Ravenwindow)
  • Research Frontiers Incorporated
  • Saint Gobain
  • View Inc

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages230
PublishedApril 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 5.14 billion
Forecasted Market Value ( USD ) by 2030 $ 19.62 billion
Compound Annual Growth Rate14.3%
Regions CoveredGlobal
No. of Companies Mentioned10

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