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The global Smart Glass and Smart Window Market Size is expected to attain a market size of $6.6 billion by 2022, rising at a CAGR of 14.3% during the forecast period.
Smart glass and smart window or switchable glass and switchable window are a technology with light transmission properties, which get modified when voltage, light or heat is applied. Generally, the glass changes from a translucent glass to a transparent glass. The smart glass technology when installed in the envelope of buildings has the potential to create climate adaptive building shells, saving heating cost, air-conditioning and lighting. It also saves the cost of installing and maintaining motorized light screens or blinds or curtains. Blackout smart glass has the potential to block about 99.4% of ultraviolet light, and as a result reduces fabric fading. Smart glass manufacturers focus largely on automotive industry, commercial buildings, and personal property buildings to expand the market. Price, functions, technology, efficiency, and safety are the major factors that would bring in the differentiation factor. Safety includes water resistance implementation, to controlling the risks of electroshock, etc.
Based on the Technology, the Smart Glass & Smart Window market is segmented into Active Glasses and Passive Glasses. Active glasses are further divided into Polymer Dispersed Liquid Crystals, Suspense Particle Device, Electrochromic, and Others (Micro-blinds and Nanocrystals). Passive Glasses is divided into Passive Thermochromic and Passive Photochromic. Based on Application, the market is segmented into Automotive, Construction, Marine, and Aviation. Based on region, Smart Glass & Smart Window market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific) and Latin America, and Middle East & Africa. North America remained the dominant region in the global Smart Glass & Smart Window market in 2015. Asia-Pacific would witness promising CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Smart Glass & Smart Window market. Key companies profiled in the report include Saint Gobain S.A, Smart Glass International, View, Inc., Research Frontiers Incorporated, Gentex Corporation, Asahi Glass Co., Pleotint, and Hitachi Ltd.