The Global Smart/Switchable Glass Market size accounted for US$4,650 Mn in 2020 and is projected to reach US$ 7,550 Mn in 2028, growing with a considerable CAGR of 6.5% throughout the forecast period from 2021 to 2028.
Smart/switchable glass is also called intelligent glass, privacy glass or light control glass (LCG), electric glass, and dynamic glass. It may be produced through lamination with smart film or switchable film. In addition, this glass generates weather-friendly building shells and controls the flow of visible light, ultraviolet (UV)-radiation, and infrared (IR). The smart/switchable glasses are used in office partitions, indoor, hotel guest rooms, hospitals, automotive industry, windows, and skylights in residential as well as commercial buildings. Moreover, growing construction activities around the world is a key factor driving the growth of the smart/switchable glass market during the forecast period.
Market Dynamics
Drivers
- Growing use of smart glass in automotive applications
- Rising spending on renovation and remodeling activities
- Increasing industrial setups in automotive, construction, and interior design sectors
Restraint
- High cost of smart/switchable glass
Opportunities
- Digitalization and technological advancements
- Huge investments in infrastructural projects
Rising demand for smart/switchable glass in automotive industry
The rapidly increasing automotive industry is one of the primary factors driving the growth of smart/switchable glass market. Automotive industry has witnessed increased sale of light and heavy vehicles in recent years. In addition, manufactures of premium brands in automotive industry such as Mercedes-Benz and BMW are focusing on integrating modern concepts into their vehicles to create unique selling point or unique selling proposition (USP) for their offerings. Moreover, due to increasing investment potential of consumers in the last decade, users have insisted on including luxury features in the vehicle selection process, which has increased the demand for smart/switchable glass. Smart or switchable glass is used in glass panels like sunroofs, panoramic view windows, rear-view mirrors, windows, windshields, and sun visors. Also, these glass panels not only control the transmission of light through the vehicle chamber but also helps in maintaining privacy and temperature inside the car. Because of these properties, the smart/switchable glass increases vehicle's energy efficiency and enhances comfort for the passengers. This is further expected to drive the growth in the smart/switchable glass market across the globe. Furthermore, increase in tourism activity at global level has added to the rising demand for vehicles with sunroofs and panoramic window panels which allow passengers to enjoy the scenic beauty in the comfort of the car. Thus, the growing demand for switchable glass for production of automotive glass panels is expected to propel the growth of smart/switchable glass market during the forecast period.
Report Coverage:
| Market | Smart/Switchable Glass Market |
| Market Size 2020 | US $4,650 Mn |
| Market Forecast 2028 | US $7550 Mn |
| CAGR | 6.5 % During 2021 - 2028 |
| Analysis Period | 2017 - 2028 |
| Base Year | 2020 |
| Forecast Data | 2021 - 2028 |
| Segments Covered | By Technology Type, By End-User and By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | Ashland Inc., Royal DSM, Mitsubishi Chemicals, Nova Chemicals Corporation, Alpek SAB DE CV, The Dow Chemical Company, Bayer Material Science, LG Chem, Chevron Philips Chemical Company, IneosStyrolution Group GmbH, and others. |
| Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Customization Scope |
10 hrs of free customization and expert consultation |
Market Segmentation
Market By Technology
- Suspended Particle Devices (SPD) Glass
- Polymer Dispersed Liquid Crystal (PDLC) Glass
- Electrochromic (EC) Glass
- Thermochromic
- Photochromic
- Others
The suspended particle devices (SPD) glass segment is expected to register the highest CAGR over the forecast period owing to the rising demand from the automotive and construction industries. Additionally, these glasses may be operated remotely by switches, motion detectors, dimmers, and light or temperature sensors and are easy to integrate into several building systems.
Market By End-User Industry
- Architecture & Construction
- Automotive & Transportation
- Aerospace& Defense
- Electronics
- Others
Based on the end-user industry, the automotive & transportation segment dominated the market for smart/switchable in 2020 and expected to continue its dominance over the forecast period due to the rising users spending ability along with enhanced living standards in emerging regions, particularly in North America and Europe. In addition, the smart/switchable glass’ wide used in automotive application for developing glass panels like window visors, windshields are augmenting the growth of smart/switchable glass in this segment.
Regional Overview
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
North America region is expected to dominate the smart/switchable glass market throughout the forecasted years
Among all the regions, North America is expected to dominate with highest market share and is anticipated to grow over the forecast period owing to the rising per capita income, and high presence of market players in the region. In addition, increasing consumer spending capacity and improving standards of living, further drive the growth of smart/switchable glass market in the region. Moreover, increase in adoption of electric car coupled with technological advancements in North America regionis also projected to drive the demand for smart/switchable glass in the automotive industry. Furthermore, rising use of smart/switchable glass product in aerospace sector and solar power generation along with government initiatives to boost the use of electric vehicles has increased the demand for smart/switchable glass in the region.
Asia Pacific is predicted to expand at highest CAGR in forthcoming years due to the fast economic growth of countries like China, Japan, and India. Additionally, the subsequent growth in solar energy infrastructure, construction and housing, transportation, and electronics, which are increasing the demand for smart/switchable glass market in the region.
Competitive Landscape
The key players in the smart/switchable glass market includeBSG Glass, Schott AG, Polytronix, Inc., Central Glass Co., Ltd., Saint-Gobain, Essex Safety Glass, GENTEX Corporation, SPD Control Systems Corporation, Asahi India Glass Ltd., AGC Inc., View, Inc., Scienstry, Inc., and among others.