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The global smart glass market attained a value of nearly USD 6.04 billion in 2023. The smart glass market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 16.2% to reach USD 23.34 billion by 2032.
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Smart glass or switchable glass refers to a glass or glazing whose light-transmitting characteristics are altered when the strength, illumination, or heat is applied. This is also the case with smart windows or switchable windows. The glass switches usually from clear to translucent, and vice versa; from allowing light to block some (or all) wavelengths of light and vice versa.
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On the basis of technology, the smart glass market can be divided into:
The smart glass market can be broadly categorised based on its applications into:
The EMR report looks into the regional markets of smart glass like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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The rising product demand for improved aesthetics in residential as well as commercial buildings is projected to fuel the smart glass market growth in the forecast period. Architects are increasingly utilising smart technology in new buildings, which is anticipated to have a positive effect on the product demand in the field of architectural applications. Smart glass is slowly replacing its traditional equivalent in cars, aircraft, and trains, leading to substantial growth prospects for transport sector manufacturers. Due to the increased use in commercial buildings and the transport sector, the electrochromic smart glass segment is expected to witness the highest growth in the industry.
The report presents a detailed analysis of the following key players in the global smart glass market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the smart glass market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global smart glass market attained a value of nearly USD 6.04 billion.
The market is projected to grow at a CAGR of 16.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 23.34 billion by 2032.
The major drivers expected to aid the market growth are the thriving automotive sector, rising disposable incomes, increasing population, and growing construction industry,
The key trends guiding the growth of the market include the growing product demand with rising focus on aesthetics in residential as well as commercial architectural applications and rapid technological advancement.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Electrochromic (EC), polymer dispersed liquid crystal (PDLC), suspended particles devices (SPD), thermochromic, and photochromic are the leading smart glass technologies in the market.
The significant applications of smart glass are construction, transportation, electronics, and power generation.
The major players in the global smart glass market are AGC Inc., Compagnie de Saint-Gobain S.A., Corning Incorporated, Gentex Corporation, Polytronix, Inc., and Guardian Industries Holdings, among others.
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