Smart Glass

World Market Report

MCP-7087

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5637
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DATE

OCT 2022

TABLES

122

PAGES

198

EDITION

17

PRICE

USD 5600

CODE

MCP-7087


COMPETITIVE METRICS

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(S/A/N/T)

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HIGHLIGHTS & REPORT INDEX

What`s New for 2023?

» Special coverage on Russia-Ukraine war; global inflation; easing of "zero-Covid" policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
» Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
» Online interactive peer-to-peer collaborative bespoke updates
» Access to our digital archives and MarketGlass Research Platform
» Complimentary updates for one year

Looking Ahead to 2023

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

Amid the COVID-19 crisis, the global market for Smart Glass estimated at US$5 Billion in the year 2020, is projected to reach a revised size of US$7.2 Billion by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027. Electrochromic, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$5.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Liquid Crystal segment is readjusted to a revised 4.1% CAGR for the next 7-year period.
The Smart Glass market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.
In the global Photochromic segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$189.8 Million in the year 2020 will reach a projected size of US$267.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$826.5 Million by the year 2027.

SELECT PLAYERS

Active Glass Technologies; Asahi Glass Company Ltd.; Asahi India Glass Ltd. (AIS); Clayton Glass Ltd.; Corning, Inc.; Essex Safety Glass Ltd.; Flat Glass Industries Ltd.; Gentex Corporation; Glass Apps, LLC; Guardian Industries; Intelligent Glass; InvisiShade, LLC; Nippon Sheet Glass Co., Ltd.; RavenWindow; Research Frontiers Inc.; SAGE Electrochromics, Inc.; Schott Corporation; Smartglass International Limited; Vario Glass, Inc.; View, Inc.

SEGMENTS

» Technology (Electrochromic, Liquid Crystal, Photochromic, Other Technologies) » Application (Transportation, Architectural, Other Applications)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Smart Glass: Creating Intelligent Windows and Enabling Need Driven Multi-Functional Spaces
Recent Market Activity
Strong Growth Predicted for Smart Glass over the Next Few Years
Growth Drivers in a Nutshell
Key Growth Restraints
Super Windows for Energy Efficiency
Developed Markets Dominate, while Developing Markets Drive Growth
China: The Fastest Growing Smart Glass Market Worldwide
Transportation: The Largest and the Fastest Growing Application Sector
Electrochromic Glass Adoption Growing Globally
Smart Glass – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Active Glass Technologies PLC (UK)
Asahi Glass Company Ltd. (Japan)
Asahi India Glass Ltd. (AIS) (India)
Clayton Glass Ltd. (UK)
Corning, Inc. (USA)
Essex Safety Glass Ltd. (UK)
Flat Glass Industries Ltd. (Australia)
Gentex Corporation (USA)
Glass Apps, LLC (USA)
Guardian Industries (USA)
Hitachi Chemical Group (Japan)
Intelligent Glass (UK)
InvisiShade, LLC (USA)
Nippon Sheet Glass Co., Ltd. (Japan)
Pleotint, LLC (USA)
RavenWindow (USA)
Research Frontiers Incorporated (USA)
Saint-Gobain SA (France)
SAGE Electrochromics, Inc. (USA)
Schott Corporation (USA)
Scienstry, Inc. (USA)
Smart Glass Country (Canada)
SmartGlass International Limited (Ireland)
Vario Glass, Inc. (Canada)
View, Inc. (USA)
3. MARKET TRENDS & DRIVERS
Myriad Benefits Offered by Smart Glass Windows Drive Widespread Adoption in Architectural Applications
List of Exterior, Interior, and Projection Applications of Smart Glass in the Architectural Sector
Smart Windows Offers Several Benefits to Building Owners
Novel Smart Window Technology for the Building Retrofit Segment
Towards Sustainable Building Materials and Building Methods
Positive Outlook for the Global Construction Offers Growth Opportunities
Focus on Energy Efficiency, Better Fuel Economy, and Improved Vehicle Designs Drive Robust Demand in the Automotive Industry
Self-Cleaning and Self-Repairing Applications Gain Momentum
Smart Glass to Provide Social Networking and Entertainment Features in Vehicles
Smart Mirrors Dominate Smart Glass Applications in Automobiles
Electrochromic Technology Dominates Smart Mirrors Application
Self-Tinting in Automobiles: SPD-Based Smart Glass Rules the Market
Niche Active Smart Window Technologies Offers Untapped Market Potential
Lightweight Smart Glass: First-Choice Materials in Connected Cars
Recovering Global Automobiles Production: An Important Opportunity Indicator
Growing Concerns with Regard to Energy Loss Drive Demand for Switchable Smart Glass in Varied Applications
Switchable Privacy Glass Panels
Boardrooms and Conference Rooms
Residential Front Doors
Operating Theaters and Hospital Wards
Prisons and Detention Rooms
Retail Displays
Financial Institutions
Use of Privacy Glass Walls in Commercial and Residential Spaces Gain Momentum
Designs for Living Room
Bedroom Design
Bathroom Design
Restaurant and Bar Design
Contemporary Office Designs
Growing Trend towards Green/LEED Buildings Offer Lucrative Market Growth Opportunities
Spiraling Electricity Usage and Resulting Energy Costs Spur Demand for Automatic Tinting Windows in the Building Sector
Tinted Smart Glass Technology Revolutionizes Interior Design & Decor
Customization of Designs to Suit Brand Color
Experimenting with Patterns
Complementing Existing Color Schemes
Creating Roofs that Enrich Sky’s Natural Color
Customization of Color of Floor Glasses
Customizing Colors to Complement Prevailing Weather
Color Tints Options in Privacy Smart Glass
Superior Attributes of Active Smart Glass Promote Higher Growth than Passive Types
Comparison of Active Smart Glass Technologies
Aesthetics: The Fundamental Factor behind the Huge Popularity of Smart Windows
Electrochromics and SPD: Leading Smart Glass Technologies
PDLC Active Smart Glass Penetration Marred by Limited Capabilities
Development of PDLC Technology
Active smart glasses respond to electrical stimulus
LCDs are today omnipresent
Self-Adhesive-Switchable PDLC Film and Laminated-Switchable PDLC Glass
Smart Windows in Aircrafts Enable Efficient Management of Light and Glare
Smart Glass Solutions to Revolutionize the Air Travel Experience
Smart Glass for Smart Yachts
Smart Glass to Witness Large-Scale Adoption in the Electronics Sector
Rising Popularity of Multiple Entertainment Displays Drive Smart Glass Demand in High-Performance Immersion Wall
Growing Applications of Smart Glass in the Healthcare Sector Lends Traction to Market Growth
Application of Smart Glass in Solar Panels to Open up New Growth Avenues
Rising Investments in Infrastructure Projects Strengthens Market Prospects
Key Factors Hampering Widespread Adoption of Smart Glass
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Smart Glass by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Smart Glass by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Electrochromic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Electrochromic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Other Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Other Technologies by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Architectural by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Architectural by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Liquid Crystal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Liquid Crystal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Recent Past, Current & Future Analysis for Photochromic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
World 7-Year Perspective for Photochromic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2021 & 2027
World Smart Glass Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
UNITED STATES
Smart Glass Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
USA Recent Past, Current & Future Analysis for Smart Glass by Technology - Electrochromic, Liquid Crystal, Photochromic and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Smart Glass by Technology - Percentage Breakdown of Value Sales for Electrochromic, Liquid Crystal, Photochromic and Other Technologies for the Years 2021 & 2027
USA Recent Past, Current & Future Analysis for Smart Glass by Application - Transportation, Architectural and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
USA 7-Year Perspective for Smart Glass by Application - Percentage Breakdown of Value Sales for Transportation, Architectural and Other Applications for the Years 2021 & 2027
CANADA
Canada Recent Past, Current & Future Analysis for Smart Glass by Technology - Electrochromic, Liquid Crystal, Photochromic and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Smart Glass by Technology - Percentage Breakdown of Value Sales for Electrochromic, Liquid Crystal, Photochromic and Other Technologies for the Years 2021 & 2027
Canada Recent Past, Current & Future Analysis for Smart Glass by Application - Transportation, Architectural and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Canada 7-Year Perspective for Smart Glass by Application - Percentage Breakdown of Value Sales for Transportation, Architectural and Other Applications for the Years 2021 & 2027
JAPAN
Smart Glass Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Recent Past, Current & Future Analysis for Smart Glass by Technology - Electrochromic, Liquid Crystal, Photochromic and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Smart Glass by Technology - Percentage Breakdown of Value Sales for Electrochromic, Liquid Crystal, Photochromic and Other Technologies for the Years 2021 & 2027
Japan Recent Past, Current & Future Analysis for Smart Glass by Application - Transportation, Architectural and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Japan 7-Year Perspective for Smart Glass by Application - Percentage Breakdown of Value Sales for Transportation, Architectural and Other Applications for the Years 2021 & 2027
CHINA
Smart Glass Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China Recent Past, Current & Future Analysis for Smart Glass by Technology - Electrochromic, Liquid Crystal, Photochromic and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Smart Glass by Technology - Percentage Breakdown of Value Sales for Electrochromic, Liquid Crystal, Photochromic and Other Technologies for the Years 2021 & 2027
China Recent Past, Current & Future Analysis for Smart Glass by Application - Transportation, Architectural and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
China 7-Year Perspective for Smart Glass by Application - Percentage Breakdown of Value Sales for Transportation, Architectural and Other Applications for the Years 2021 & 2027
EUROPE
Smart Glass Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe Recent Past, Current & Future Analysis for Smart Glass by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Smart Glass by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Smart Glass by Technology - Electrochromic, Liquid Crystal, Photochromic and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Smart Glass by Technology - Percentage Breakdown of Value Sales for Electrochromic, Liquid Crystal, Photochromic and Other Technologies for the Years 2021 & 2027
Europe Recent Past, Current & Future Analysis for Smart Glass by Application - Transportation, Architectural and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Europe 7-Year Perspective for Smart Glass by Application - Percentage Breakdown of Value Sales for Transportation, Architectural and Other Applications for the Years 2021 & 2027
FRANCE
Smart Glass Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, Current & Future Analysis for Smart Glass by Technology - Electrochromic, Liquid Crystal, Photochromic and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Smart Glass by Technology - Percentage Breakdown of Value Sales for Electrochromic, Liquid Crystal, Photochromic and Other Technologies for the Years 2021 & 2027
France Recent Past, Current & Future Analysis for Smart Glass by Application - Transportation, Architectural and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
France 7-Year Perspective for Smart Glass by Application - Percentage Breakdown of Value Sales for Transportation, Architectural and Other Applications for the Years 2021 & 2027
GERMANY
Smart Glass Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany Recent Past, Current & Future Analysis for Smart Glass by Technology - Electrochromic, Liquid Crystal, Photochromic and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Smart Glass by Technology - Percentage Breakdown of Value Sales for Electrochromic, Liquid Crystal, Photochromic and Other Technologies for the Years 2021 & 2027
Germany Recent Past, Current & Future Analysis for Smart Glass by Application - Transportation, Architectural and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Germany 7-Year Perspective for Smart Glass by Application - Percentage Breakdown of Value Sales for Transportation, Architectural and Other Applications for the Years 2021 & 2027
ITALY
Italy Recent Past, Current & Future Analysis for Smart Glass by Technology - Electrochromic, Liquid Crystal, Photochromic and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Smart Glass by Technology - Percentage Breakdown of Value Sales for Electrochromic, Liquid Crystal, Photochromic and Other Technologies for the Years 2021 & 2027
Italy Recent Past, Current & Future Analysis for Smart Glass by Application - Transportation, Architectural and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Italy 7-Year Perspective for Smart Glass by Application - Percentage Breakdown of Value Sales for Transportation, Architectural and Other Applications for the Years 2021 & 2027
UNITED KINGDOM
Smart Glass Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
UK Recent Past, Current & Future Analysis for Smart Glass by Technology - Electrochromic, Liquid Crystal, Photochromic and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Smart Glass by Technology - Percentage Breakdown of Value Sales for Electrochromic, Liquid Crystal, Photochromic and Other Technologies for the Years 2021 & 2027
UK Recent Past, Current & Future Analysis for Smart Glass by Application - Transportation, Architectural and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
UK 7-Year Perspective for Smart Glass by Application - Percentage Breakdown of Value Sales for Transportation, Architectural and Other Applications for the Years 2021 & 2027
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Smart Glass by Technology - Electrochromic, Liquid Crystal, Photochromic and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Smart Glass by Technology - Percentage Breakdown of Value Sales for Electrochromic, Liquid Crystal, Photochromic and Other Technologies for the Years 2021 & 2027
Rest of Europe Recent Past, Current & Future Analysis for Smart Glass by Application - Transportation, Architectural and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe 7-Year Perspective for Smart Glass by Application - Percentage Breakdown of Value Sales for Transportation, Architectural and Other Applications for the Years 2021 & 2027
ASIA-PACIFIC
Smart Glass Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific Recent Past, Current & Future Analysis for Smart Glass by Technology - Electrochromic, Liquid Crystal, Photochromic and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Smart Glass by Technology - Percentage Breakdown of Value Sales for Electrochromic, Liquid Crystal, Photochromic and Other Technologies for the Years 2021 & 2027
Asia-Pacific Recent Past, Current & Future Analysis for Smart Glass by Application - Transportation, Architectural and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific 7-Year Perspective for Smart Glass by Application - Percentage Breakdown of Value Sales for Transportation, Architectural and Other Applications for the Years 2021 & 2027
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Smart Glass by Technology - Electrochromic, Liquid Crystal, Photochromic and Other Technologies - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Smart Glass by Technology - Percentage Breakdown of Value Sales for Electrochromic, Liquid Crystal, Photochromic and Other Technologies for the Years 2021 & 2027
Rest of World Recent Past, Current & Future Analysis for Smart Glass by Application - Transportation, Architectural and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World 7-Year Perspective for Smart Glass by Application - Percentage Breakdown of Value Sales for Transportation, Architectural and Other Applications for the Years 2021 & 2027

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