Global Smart Glass Market

Smart glasses are electronic devices that enable the user to monitor the range of glare, light, and heat in their environment. Over the forecast period, sustainable solutions combined with incentives will drive consumer demand. Electrochromic windows are a popular application for these glasses in the construction industry. Because of its energy-saving properties, thermal and acoustic insulation, and sleek 3D design proposition, smart glass has gained popularity in recent years. The consumer has greater sunlight access with smart glass installed in place of regular glass in windows, doors, partitions, and skylights, preventing a rise in indoor temperatures during the summer and, as a result, lowering the building's total energy cost. The building's carbon footprint is reduced as a result of the reduced dependency on HVAC systems.

The global smart glass market size is projected to surpass USD 10 billion by 2025.

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Globally, the advent of energy-saving measures such as green buildings and eco-friendly systems is expected to give the industry promising growth prospects. Administrative support in the form of financial incentives and tax measures around the world is also boosting market growth. For instance, European banks have created a new green mortgage scheme to encourage end-users to use energy-saving goods like smart glass. Smart glass is suitable for glare and heat control in aviation, cars, and other automotive applications. This glass is also used in applications such as windshields, rearview mirrors, windows, and sunroofs. Smart glass protects against harmful ultraviolet (UV) radiation, decreases glare, assists in temperature regulation inside the car, and saves energy on temperature maintenance.

Market growth is boosted by factors such as the construction industry's steady growth and increased investment in infrastructure projects. The massive change in customer preference for glass over bricks and cement walls is also expected to boost the market's growth prospects in the coming years. Furthermore, the recent trend of big, floor-to-ceiling glass windows is providing manufacturers with new business opportunities.

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The major industry players operating across the global smart market include Research Frontiers, View, Gentex, SAGE Electrochromics, Asahi Glass., Hitachi Chemical, Pleotint, Glass Apps, Gauzy, SPD Control Systems, Polytronix, Scienstry, RavenWindow, and Smartglass International. In the current scenario, the industry for smart glass is consolidated with the presence of several global and domestic players. The industry players are coming up with inorganic growth strategies to expand their market presence.

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Key segments across smart glass market

• Technology Overview, 2018-2025, (USD Million)

• Suspended Particle Display

• Electrochromic

• Liquid Crystal

• Micro-Blinds

• Photochromic

• Thermochromic

• Applications Overview, 2018-2025, (USD Million)

• Architecture

• Commercial

• Residential

• Transportation

• Automotive

• Rail

• Aviation

• Marine

• Power Generation (Solar)

• Others

Regional Overview, 2018-2025, (USD Million)
• North America

• U.S.

• Canada

• Europe

• Germany

• UK

• Italy

• France

• Spain

• Rest of Europe

• Asia Pacific

• China

• India

• Japan

• Rest of Asia-Pacific

• Rest of the World

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Who should buy this report?

This study is suitable for industry participants and stakeholders in the global smart glass. The report will benefit:

• Every stakeholder involved in manufacturing and distributing components or solutions.

• Managers within financial institutions looking to publish recent and forecasted statistics pertaining to the global smart glass.

• Government organizations, regulatory authorities, policymakers and financial organizations looking for T&D investment trends in global smart glass.

• Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.

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