Global Smart Glass Market Leading Companies and Regional Average Price Analysis by 2030

The smart glass market is expected to possess high growth potential in upcoming smart glass as privacy glass in end-use sectors such as building and construction

PORTLAND, OREGON, USA, August 11, 2022 / — Allied Market Research released a report titled “Smart Glass Market by Technology (Thermochromic, Photochromic, Electrochromic, Suspended Particle Device (SPD), Polymer Dispersed Liquid Crystal (PDLC) and Others) and Glass Industry ‘End User (Transportation, Construction, Power Generation, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.’ According to the report, the global smart glass industry generated $4.62 billion in 2020 and is expected to generate $15.1 billion by 2030, growing at a CAGR of 12.6% from 2021 to 2030.

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Main determinants of growth

Rising demand from the building and construction sector and increasing demand from the automotive sector are driving the growth of the global smart glass market. However, the high price of smart glass is hampering the growth of the market. On the other hand, the rise of potential smart glass end-use industries in the renewable energy sector presents new opportunities in the coming years.

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Covid-19 scenario

The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global smart glass market, especially during the initial phase.
End-use industries such as building and construction, automotive, aerospace and others have been heavily impacted due to the implementation of the global lockdown.
Manufacturing activities have been stopped or restricted to a large extent. Transport activities, as well as their supply chains, are hampered globally. This has led to a decline in the manufacturing rate of smart glasses, which has directly hindered the growth of the concrete market.
The Suspended Particle Device (Spd) Segment to Maintain Its Leading Status Throughout the Forecast Period

Based on technology, the suspended particle device (Spd) segment held the highest market share in 2020, accounting for one-third of the global smart glass market, and is expected to maintain its leading status throughout the forecast period. This is because smart glass based on a suspended particle device can be adjusted automatically or manually to precisely control the amount of light, glare and heat passing through it. Indeed, manufacturers and customers are increasingly adopting electrochromic technology for manufacturing smart glass.

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The construction segment to maintain its leading position during the forecast period

Based on end-use industry, the construction segment accounted for the largest share in 2020, contributing more than half of the global smart glass market, and is expected to maintain its leading position during the period. forecast. The growing population has boomed the building and construction business where smart glass is used as an energy efficient lighting solution in windows, skylights, doors, partitions and others, which is driving the segment. However, the transportation segment is expected to show the highest CAGR of 13.0% from 2021 to 2030, driven by the growing demand for consumer goods where smart glass is widely used for heat and cooling control applications. glare in the transport sector.

Europe, followed by North America, to maintain its dominance by 2030

Based on region, Europe, followed by North America, held the highest market share in terms of 2020 revenue, accounting for more than a third of the global smart glass market. The increase in renovation activities based on modern themed architecture in countries like Italy, France and others where smart glass is widely used in windows, doors, skylights, partitions and others can fuel market growth. Additionally, the Asia-Pacific region is expected to witness the fastest CAGR of 14.1% during the forecast period, owing to the use of smart glass in sectors such as building and construction, automotive, aerospace and others.

Main market players

Asahi Glass Co. Ltd
Gauzy Ltd and entities
Gentex Company
Halio Inc.
Ravenbrick LLC
Frontiers Research Inc.
Saint Gobain
Showa Denko Materials Co. Ltd.

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David Correa
Allied Analytics LLP
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