South Korea Smart Glass and Smart Window Market to Grow at a CAGR of 14.50% During 2024-2032, Aided by the Growing Innovation and Investment

Smart glass, also called switchable glass, integrates modern technology to provide improved control over the transmission of heat and light, among other benefits. Widely used in businesses and institutions like hospitals, smart glass offers adjustable light and heat regulation while enhancing privacy. Unlike manual solutions such as blinds or curtains, smart glass provides cleaner environments and more precise control over light transmission. It can transition from translucent to transparent, regulating the passage of heat, electricity, and light.

  
Increasing investment in technology is aiding the South Korea smart glass and smart window market growth. LG Display is currently developing transparent OLED technology for subway windows in South Korea, enabling passengers to access real-time information, including schedules, location data, and weather forecasts while enjoying the outside view. This innovative approach integrates various information and advertisements tailored to the time and location, creating an augmented reality experience for commuters. The introduction of such modern and revolutionary products is expected to drive market expansion and find applications across multiple industries, particularly in the mobility sector. This utilization of smart glass and window technology, to enhance user experiences and revolutionize public transportation systems, is expected to increase.

New product launches and collaborations around smart glass technology and display are shaping the market dynamics. For instance, in 2021, LG Display launched a 55-inch OLED display for parking lot infotainment systems at COEX, providing valuable information to visitors and creating innovative space designs for "Kakao T Parking" to enhance the visitor experience. This collaboration aligns with Kakao Mobility's smart mobility platform, aiming to revolutionize parking services for approximately 40 million annual visitors, while LG Display continues to expand its OLED technology into various sectors including transportation and home interiors for future growth.

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Market Breakup by Technology and End Use:

• The market is segmented based on technology into active and passive.

• Based on end use, the market can be divided into automotive, aviation, marine, and construction, among others. 

Key Findings of the Report:

• Smart glass and window technology are experiencing increased investment, particularly in South Korea. This investment aids in enhancing light and insulation control properties, offering adjustable regulation of heat, electricity, and light.

• Further, the development of real-time information display which contributes to enhanced user experience is aiding the market growth. 

• There is a surge in introduction of modern smart glass products for various industries, with a particular focus on the mobility sector, for instance, large screens deployed in parking lots for information sharing.

Key Offerings of the Report:

• The EMR report gives an overview of the South Korea smart glass and smart window market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the technology and end use of smart glass and smart window.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the South Korea smart glass and smart window market are Gauzy Ltd., Korea Glass Industry Co., Ltd. (Hanglas), and Gentex Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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