Smart Glass Market Hits USD 6.2 Billion Value in 2023 and till 2030 15.12% CAGR Growth Expected

Smart Glass Market Hits USD 6.2 Billion Value in 2023 and till 2030 15.12% CAGR Growth Expected

The Global Smart Glass Market report provides a detailed analysis of the market's current state, key players, emerging trends, and future growth prospects. The report is divided into several sections, each focusing on different aspects of the market, such as market size, geographical shares, competitive landscape, and market dynamics.

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Global Smart Glass Market Key Points and Findings (2024-2030)

Smart Glass Market Overview: -

The Global Smart Glass Market size was valued at USD 6.2 Billion in 2023  is estimated to grow at a CAGR of around 15.12% during the forecast period, i.e., 2024–30. The market growth is attributed to rising government investment toward the adoption of renewable energy sources such as solar power, which has spurred the demand for smart glass as it is used in photovoltaic panels.

Regional Analysis:

  • North America
  • Europe
  • Asia Pacific
  • Middle East/Africa
  • South America

Among them, the Asia-Pacific experienced considerable growth in the Global Smart Glass Market.

Top 10 Industry Competitive: Smart Glass Market

  • Asahi Glass Co. Ltd. (AGC Inc.)
  • Smartglass International Ltd.
  • ChromoGenics AB
  • Corning, Inc.
  • Guardian Glass LLC.
  • Innovative Glass Corporation
  • HALIO Inc.
  • Schott AG
  • View Inc.
  • Saint-Gobain SA
  • Merck KGaA
  • Research Frontiers Inc.
  • Nippon Steel Glass (NSG) Group

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Market Segmentation:

By Technology

  Electrochromic- Market Size Forecast 2019-2030F, (USD Million)

  Suspended Particle Devices- Market Size Forecast 2019-2030F, (USD Million)

  Liquid Crystal- Market Size Forecast 2019-2030F, (USD Million)

  Polymer Dispersed Liquid Crystals (PDLCS) - Market Size Forecast 2019-2030F, (USD Million)

  Twisted Nematic (TN) Liquid Crystals - Market Size Forecast 2019-2030F, (USD Million)

  Thermochromic- Market Size Forecast 2019-2030F, (USD Million)

  Photochromic- Market Size Forecast 2019-2030F, (USD Million)

  Micro-Blinds- Market Size Forecast 2019-2030F, (USD Million)

  Others- Market Size Forecast 2019-2030F, (USD Million)

By Mechanism

  Active- Market Size Forecast 2019-2030F, (USD Million)

  Passive- Market Size Forecast 2019-2030F, (USD Million)

By Control Systems

  Manual- Market Size Forecast 2019-2030F, (USD Million)

  Remote- Market Size Forecast 2019-2030F, (USD Million)

  Mobile-based- Market Size Forecast 2019-2030F, (USD Million)

  Voice-based- Market Size Forecast 2019-2030F, (USD Million)

By End User

  Architecture- Market Size Forecast 2019-2030F, (USD Million)

  Residential- Market Size Forecast 2019-2030F, (USD Million)

  Commercial- Market Size Forecast 2019-2030F, (USD Million)

  Transportation- Market Size Forecast 2019-2030F, (USD Million)

  Automotive- Market Size Forecast 2019-2030F, (USD Million)

  Aerospace- Market Size Forecast 2019-2030F, (USD Million)

  Marine- Market Size Forecast 2019-2030F, (USD Million)

  Power Generation Plants- Market Size Forecast 2019-2030F, (USD Million)

  Consumer Electronics Others- Market Size Forecast 2019-2030F, (USD Million)

Smart Glass Market Dynamics:

Key Factor Driving Market–

Surge in Urbanization Infrastructural Development Augmenting Demand for Smart Glass – Growing urbanization has led to the expansion of cities as well as a massive migration of population from rural to urban spaces. With urbanization in developing regions such as Asia-Pacific, the Middle East, and Africa, the construction of residential commercial spaces has grown extensively. Subsequently, this enhances the need for smart glass in commercial buildings, residential properties, transportation infrastructure, and public spaces. According to the United Nations Conference on Trade and Development (UNCTAD), 57% of the total world population lived in urban areas in 2021, which is further expected to rise to nearly 68% by 2030, leading to the enhancement of commercial residential construction in the coming years.

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Frequently Asking Questions (FAQ’s):

  • Which companies lead the Global Smart Glass Market? 
  • How will current trends shape the market in the coming years? 
  • What opportunities, challenges, and driving forces characterize the Smart Glass Industry? 
  • Which specific Smart Glass market segments should industry competitor target to capitalize on recent technological advancements? 
  • What is the projected growth rate of the global Smart Glass market?

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Akio Komatsu

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