Smart Glass Market - Industry analysis, Trends, Estimation & Forecast, 2016 - 2024

November 2017

 ERC 4499

Smart Glass is a groundbreaking building material that is made from electrochromic glass to create smart partitions, windows and skylights. The properties of these electrically switchable planes can be easily changed, when an electric current is applied. Smart glass is generally used in luxurious apartments and commercial buildings. Instant and precise privacy control, efficient use of space, and aesthetic looks are some of the salient features of the smart glass. Rising application of smart glass across various industry verticals will create the need for smart glass within the market. For instance, Avery Dennison Corporation has announced an investment in Israeli company Gauzy, a leading tech company working in smart glass technology in October 2017.

Smart Glass Market Determinants

Increasing demand for smart glass in automobile vehicles and reduction in the cost of electrochromic materials are major factors influencing the global smart glass market, positively. Further, efficient energy saving with smart glass application and application within various industry verticals would also driver the market in the upcoming years. For instance, Vistamatic, the pioneer in integral shading and privacy glass solutions, launched its new switchable privacy glass solution that enables privacy and discrete observation for healthcare, commercial and residential applications in June 2016. However, high cost of smart glass and performance reliability might hinder the market growth. High potential in solar power generation and Evolution of Eco-friendly & green buildings would offer lucrative opportunities for the market in coming years.

Smart Glass Market Segment Analysis

Global smart glass market is segmented by technology, by application, and by region. By technology it is further segmented as outlook, active smart glass, and passive smart glass. By application it is further segmented as transportation, infrastructure, and other application. Geographically, global smart glass market is segmented as North America, Europe, Asia-Pacific, and Rest of the World.
The global smart glass market is highly fragmented owing to numerous regional and international players. North America is one of the biggest markets for smart glass and the most competitive region for smart glass market. With emerging demands for developing regions, the market is expected to experience intense competition. New product launch is the most preferred technique adopted by market players to generate more revenue within the market. For instance, DoorDash, Inc. launched PrivacyVue, an impact-resistant fixed glazing system with switchable glass on January 2016.
Top players of the market are Asahi Glass Co., Gentex, Glass Apps, Hitachi Chemical, Pleotint, Polytronix, Ravenwindow, Research Frontiers , Scienstry, and View, Inc.

Smart market Segmentation

By Technology
• Outlook
• Active Smart Glass
• Passive Smart Glass

By Application
• Outlook
• For Transportation
• For Infrastructure Development
• For Other Applications

By Geography
• North America
• Europe
• APAC
• Rest of the World

Key Market Players

• Asahi Glass Co.
• Gentex
• Glass Apps
• Hitachi Chemical
• Pleotint
• Polytronix
• Ravenwindow
• Research Frontiers
• Scienstry
• View, Inc.

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    What Information does this report contain?

    • What was the market size of the Smart Glass Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Smart Glass Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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