Global Smart Glass Market Valued at USD 6.2 Billion in 2023, Poised for 15.12% CAGR Growth

MarkNtel Advisors has recently study an extensive market intelligence analysis on the Global Smart Glass Market. The newly released report showcases an engaging format enriched with visually compelling tables, graphs, charts, and figures. These seamlessly integrated visual aids are designed to bolster the accuracy and clarity of the information presented, offering readers a thorough grasp of the topic at hand.

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How big is the Smart Glass market?

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.

Factors Influencing Smart Glass Market Growth: An Analysis of Market Drivers:

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.

Geographical Insight: Smart Glass Industry

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Among them, Asia-Pacific accounted for a maximum revenue share in the Global Smart Glass Market in 2023 and would continue to dominate the market in the forecast years as well. The factors responsible for market growth are increasing government policies such as Make in India & Made in China 2025 to promote the establishment of manufacturing plants to make the respective economies self-sufficient & capable of exporting surplus goods.

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Competitor Breakdown: Global Smart Glass Market

In the fast-changing Global Smart Glass Market, understanding what our competitors are doing is really important. By carefully looking at things, we figure out who the major market players are, what they're good at, and where they're not so good. This helps us make smart choices and do well in the competition. Understanding our rivals helps to grow fast and do their best. By keeping a close eye on our competitors and changing our approach when needed, we stay ahead and grab opportunities for growth. Also, watching what customers like and how the market is changing helps stay ahead of the competition.

Names of major industry players are:

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

Segmentation Analysis: Smart Glass Market

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)

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