A smart window for an automobile is painstakingly constructed via lamination, which includes a switchable or smart film and can be made of glass, acrylic, or polycarbonate laminates. Thanks to this advanced technology, light transmission qualities may be dynamically adjusted in response to external stimuli like heat, light, or applied voltage. Car smart windows use a wide variety of technologies, including electrochromic, photochromic, thermochromic, and suspended particle processes. With the use of voltage, electrochromic technology allows for immediate changes in transparency, guaranteeing a quick and responsive transformation from translucent to transparent states. Light-sensitive changes are made possible by photochromic components, which adjust to changing ambient light levels to provide the best visibility and comfort. Thermochromic systems respond to temperature variations by changing the transparency of the window in a smooth and energy-efficient manner. Furthermore, suspended particle technology modifies small particles inside the window to enable customized and regulated light transmission. This complex combination of materials and technology highlights the adaptability and sophistication built into car smart windows, which are revolutionizing driving through creative light control options.
Prominent factors that impact the automotive smart window market growth include surge in demand for electric & hybrid vehicles and high demand from the passenger car segment. However, high product cost and high capital investments for R&D restricts the market growth. On the contrary, lowering prices of advance materials and high demand from Asia-Pacific are expected to create lucrative opportunities for the market.
The automotive smart window market is segmented on the basis of technology, type, vehicle type, and region. By technology, the market is classified into electrochromic, polymer dispersed liquid device, and suspended particle device. On the basis of type, the market is divided into OLED glass, self-dimming window, and others. Depending on vehicle type, it is categorized into light commercial vehicles, medium & heavy commercial vehicles, and passenger cars.
Region wise, the automotive smart window market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America dominated the Automotive Smart Window Market in 2022 and is projected to register significant growth rate during the forecast period owing to growth of the commercial sector.
The key players profiled in the report include AGC Inc., Gentex Corporation, Corning Incorporated, Saint Gobain, Pleotint LLC, PPG Industries, Hitachi Ltd., RavenWindow, View, Inc., and Research Frontiers Inc.
Prominent factors that impact the automotive smart window market growth include surge in demand for electric & hybrid vehicles and high demand from the passenger car segment. However, high product cost and high capital investments for R&D restricts the market growth. On the contrary, lowering prices of advance materials and high demand from Asia-Pacific are expected to create lucrative opportunities for the market.
The automotive smart window market is segmented on the basis of technology, type, vehicle type, and region. By technology, the market is classified into electrochromic, polymer dispersed liquid device, and suspended particle device. On the basis of type, the market is divided into OLED glass, self-dimming window, and others. Depending on vehicle type, it is categorized into light commercial vehicles, medium & heavy commercial vehicles, and passenger cars.
Region wise, the automotive smart window market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America dominated the Automotive Smart Window Market in 2022 and is projected to register significant growth rate during the forecast period owing to growth of the commercial sector.
The key players profiled in the report include AGC Inc., Gentex Corporation, Corning Incorporated, Saint Gobain, Pleotint LLC, PPG Industries, Hitachi Ltd., RavenWindow, View, Inc., and Research Frontiers Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive smart window market analysis from 2022 to 2032 to identify the prevailing automotive smart window market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the automotive smart window market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global automotive smart window market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Technology
- Electrochromic (EC)
- Polymer Dispersed Liquid Device (PDLC)
- Suspended Particle Device (SPD)
By Type
- OLED Glass
- Self-dimming Window
- Others
By Vehicle Type
- Light Commercial Vehicles
- Medium and Heavy Commercial Vehicles
- Passenger Cars
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- RavenWindow
- PPG Industries
- Research Frontiers Inc.
- View, Inc.
- saint gobain
- Gentex Corporation
- Corning Incorporated
- Hitachi, Ltd
- AGC Inc.
- PLEOTINT LLC
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AUTOMOTIVE SMART WINDOW MARKET, BY TECHNOLOGY
CHAPTER 5: AUTOMOTIVE SMART WINDOW MARKET, BY TYPE
CHAPTER 6: AUTOMOTIVE SMART WINDOW MARKET, BY VEHICLE TYPE
CHAPTER 7: AUTOMOTIVE SMART WINDOW MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, titled, 'Automotive Smart Window Market,' the automotive smart window market was valued at $1.4 billion in 2021, and is estimated to reach $8.6 billion by 2031, growing at a CAGR of 20.1% from 2022 to 2031.Asia-Pacific is expected to be the leading contributor in the automotive smart window market during the forecast period, followed by LAMEA and Europe. Automotive smart window insulates an enclosed area by using advance technologies as in smart glass car windows in which many light wavelengths are restricted. The glass’s transmission properties can be affected by light, heat or electricity. It uses various technologies such as electrochromic, photochromic, thermochromic, and suspended-particle, among others.
Growth of the global automotive smart window industry is anticipated to be driven by factors such as surge in demand for smart window from transportation sector. Also, smart window plays a crucial role in in reducing costs for heating, air conditioning, and lighting which drive its market. In addition, they help in blocking ultra violet light, which boosts the product demand and contribute to the overall market growth. However, high cost of smart windows acts as a major restraint for the global automotive smart window market industry. On the contrary, surge in demand for solar energy solution provided by smart window is expected to create lucrative opportunities for the automotive smart window market growth.
Moreover, developing nations tend to witness high penetration of automotive smart window products, especially in passenger cars segment, which is anticipated to augment the market growth. Factors such as rise in adoption of electric and hybrid vehicles accelerate the growth of automotive smart window market size. As per the global automotive smart window market analysis, the market is segmented on the basis of technology, type, vehicle type, and region. By technology, the market is classified into electrochromic, polymer dispersed liquid device, and suspended particle device.
On the basis of type, the market is divided into OLED Glass, self-dimming window, and self-repairing. Depending on vehicle type, market is categorized into light commercial vehicles, medium and heavy commercial vehicles, and passenger cars.
Region wise, the automotive smart window market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the automotive smart window market share in 2021. However, between 2021 and 2031, the automotive 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, Japan, Taiwan, and South Korea.
Companies Mentioned
- RavenWindow
- PPG Industries
- Research Frontiers Inc.
- View, Inc.
- saint gobain
- Gentex Corporation
- Corning Incorporated
- Hitachi, Ltd
- AGC Inc.
- PLEOTINT LLC
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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