Smart glass is also referred to be dimmable, switchable, or dynamic glass, varies the thermal and light transmission properties of windows across a spectrum. As opposed to static high-specification glass, properties of smart glass can be changed depending on the varying ambient conditions through automation, programming or user control to suit the requirements of occupants.

The global smart glass market was valued at $3652.05 million in 2018 & is estimated to generate net revenue of approximately $11986.61 million by 2027, growing at a CAGR of 14.10%. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027. Key factors that are responsible for the market advancement are:

• Demand for smart glass products is growing rapidly
• Adoption of smart glass is increasing in the transportation sector
• Application of smart glass in solar power generation is getting popular
• Ongoing developments in smart glass technologies

However, the Global Smart Glass Market is driven by the rapid increase in usage of smart glass products across all industries. Smart glass-based products, such as framed anti-glare windows, are likely to revolutionize the technology market over the forecast period. The demand for these products is expected to augment over the next few years since end use industries are recognizing the technical attributes and unique aesthetics of smart glasses. The demand for energy-efficient smart glasses is witnessing an elevated growth due to policy-driven environmental and energy safety perspective. Utilization of smart glass was restricted to construction and architectural services initially. However, this scenario has changed in recent years, and smart glasses are being used in a variety of industries like aviation, rail, marine and automotive.

In terms of the technology segment, polymer dispersed liquid crystal segment is the fastest growing market by revenue with around XX% market share in 2018. The applications for PDLC switchable glass includes residential, corporate, health care and retail industries providing functional benefits such as privacy, display, energy savings and comfort. This technology is widely used in interior and exterior settings for privacy control, such as conference rooms, intensive-care areas, and bathroom/shower doors and as a temporary projection screen. For example, application in the corporate industry might be a centrally located conference room which has clear glazing that becomes a private cabin for client meetings and depositions after the glazing turns opaque with the flip of a switch or a building system control through automation integration.

As the use of smart glass is growing rapidly, it will also have some hindrances associated with it. The high cost is expected to hinder the market growth, lack of technical expertise & patents may harm the market, lack of awareness about the smart glass technology worldwide & technical limitations. The smart glass technology is still in its novelty phase and is estimated to undergo intensive technological and economic alterations over the forecast period. Market players have established price skimming strategies in order to increase the return on investments (ROI). Smart glass offerings cost thrice as much as their legacy counterparts, which is expected to hinder the market growth. Furthermore, the glazing and ancillary chemical coating alternatives to smart glass products are further expected to restrain the market.

The report on global smart glass includes segmentation on the basis of technology & verticals.

Technology is sub-segmented into:

• Thermochromic
• Photochromic
• Electrochromic
• Suspended Particle Devices
• Polymer Dispersed Liquid Crystal
• Other

Verticals are sub-segmented into:

• Transportation
  • Automotive
  • Aircraft
  • Marine
• Construction
• Power generation
• Others

This report covers the present market conditions and the growth prospects of the global smart glass market for the forecast period of 2019-2027. The report considered the revenue generated through the sales of smart glass for types, as to calculate the market size by considering 2018 as the base year.

Geographically, the Global Smart Glass market has been segmented on the basis of four major regions, which includes:

• Smart Glass North America Market: the United States & Canada
• Smart Glass Europe Market: United Kingdom, France, Italy, Russia, Spain, Germany & Rest of Europe
• Smart Glass Asia Pacific Market: China, India, Japan, Australia, South Korea & Rest of Asia Pacific
• Rest of World: Latin America, Middle East & Africa

The regional structure of the smart glass market is dominated by North America region by capturing the largest market share in terms of revenue of XX% in the year 2018. In North America, some of the leading market players operating in North America are Sage Electrochromics, Inc., Research Frontiers, Inc. & Corning, Inc. The primary driving factor for the North American smart glass market is the rising awareness and concerns among people regarding energy conservation. In addition, technological advancements are also attracting people and encouraging them to use energy efficient smart glasses in residential and commercial buildings. Due to high production costs and huge investment costs in the development of smart glasses, the prices of smart glass in North America are high.

On the flip side, Asia Pacific region is expected to surge with the fastest growth rate during the forecasted period. Numerous industries, such as automobile manufacturing, construction, and others, have shifted their production bases from North America to the Asia-Pacific region, such as China and India which has resulted in a tremendous boost to the Asia-Pacific economy. As a result, China and India are the leading economies of the region and are also growing at the fastest rate in the world. In the coming years, the other key factors driving the smart glass market in the region include innovation (in terms of quality and product development), growth in the end-user industries (e.g. automotive, manufacturing, electronics and other industries), increasing awareness, growing disposable income and a rising demand for low cost smart glass.

Global includes segmentation on the basis of technology & verticals. Technology is sub-segmented into thermochromic, photochromic, electrochromic, suspended particle devices, polymer dispersed liquid crystal & other. Verticals are sub-segmented into transportation, construction, power generation & others. Transportation segment is further segmented into automotive, aircraft & marine.

The market has a number of players, and some of the key players involved in the Global smart glass market are:

• Asahi Glass Co., Ltd.
• Saint-Gobain
• Gentex Corporation
• Research Frontiers Incorporated
• Sage Electrochromics, Inc.
• Nippon Sheet Glass

Company profiles of the prominent market players are discussed in detail. In October 2018, AGC and Panasonic have agreed to partner in developing vacuum insulated glass with the industry’s highest class of insulation performance and releasing the product for sale in the European market. AGC, a world-leading manufacturer of glass, chemicals and high-tech materials, had announced the global sales launch of AMOLEA™ AS-300, a new type of environmentally-friendly fluorinated solvent. The product will be available from October 2018. In Sweden, the country’s National Museum reopened in October 2018, after a five-year $132 million renovation. ArtRatio in collaboration with VariGuard SmartGlass (a business unit of Research Frontiers Inc.), was selected as part of the initiative to protect priceless books and objects from damage as a result of exposure to light.

Key findings of the Global Smart Glass Market:

• The high demand for smart glass in Asia-Pacific is due to growth in the building and construction industry.
• The transportation and aerospace sector is projected to emerge as a major client for smart glass applicability.
• The adoption of smart glass in solar power generation is one of the major opportunities for the smart glass market.
• There are some massive development in smart glass technologies.