Smart Glass Market By Technology (Suspended Particle Display, Electrochromic, Liquid Crystal, Photochromic, Thermochromic, Micro-Blinds), By Application (Architecture, Transportation, Power Generation Plants (Solar), Consumer Electronics, Other) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026
Industry Outlook
Smart glass is electronically switchable glass that is also known as switchable glass, privacy glass, electric glass, and intelligent glass. These are technically advanced type of glass which are coming to mainstream product line from being niche product.
Rise in construction activities across the globe, coupled with high investments in smart and green infrastructure along with increase in automotive production are driving the demand for smart glass market. Further, growing renovation and restoration activities in both residential and commercial buildings are boosting the growth of smart glass market worldwide as the existing buildings lack infrastructure, which is energy-efficient. As an alternative to traditional glass, smart glass manufacturers are ready to tap-in the enormous opportunities available in the smart glass market. In 2016, Mercedes-Benz introduced the Suspended Particle Devices technology (SPD technology), which is a switchable glass assembly that offers different range of light to transmit. BMW AG and Daimler AG have also incorporated smart glass in windows and sunroofs in premium cars. LG incorporated the smart glass technology in its latest refrigerator, which features dark glass panel that pops up light as an when it receives an outside stimulus to become transparent to reveal contents of the fridge.
Electrochromic expected to dominate the market in upcoming years
By technology, global smart glass market segmented into suspended particle display, electrochromic, liquid crystal, photochromic, thermochromic and micro-blinds among which electrochromic segment held the largest market share in 2017 and expected to dominate the market during the forecasted period of 2018 to 2026. This mainly attributed to increase in usage of smart windows for architectural and transportation applications for which it has earned several investments by the key market players.
Architecture expected to be the fastest growing sector for smart glass applications
On basis of application, global smart glass market is segmented into architecture, transportation, power generation plants (solar), consumer electronics and others among which architecture is expected to be the fastest growing sector. Smart glass used for architecture enhances the aesthetic value while reducing cooling, heating, and lighting costs. In the architecture application, smart glasses are used in partitions, windows, doors, elevators and skylights. Different establishments using smart glass are schools and colleges, corporate offices, hospitals, residential buildings, malls supermarkets etc. Hence, higher usage of smart glass in variety of establishments helped in fueling the growth of global smart glass market. Furthermore, increase in use of smart glass in sun roofs, sun visors and rear windows parts in the premium cars along with heavy demand for smart glass from aviation industry is fueling the overall growth of global smart glass market.
Rapid demand for smart glass in Asia Pacific projected to drive the market growth
Based on geography, global smart glass market is segmented into Europe, North America, Latin America, Asia- Pacific and Middle East & Africa. In 2017, Europe dominated the market mainly due to developed manufacturing business in countries such as U.K, France and Germany. In addition to this, government initiatives regarding energy harvesting and green buildings have further fueled the growth of smart glass market in prominently in developed regions. North America followed Europe very closely owing to increasing usage of smart glass in renewable sources such as solar plant. Asia Pacific is considered as the most lucrative region for smart glass market due to rapid economic development of nations such as Japan, China and India. Some developing segments in the region include construction and housing, consumer electronics, transportation and solar energy generation, which are anticipated to boost the demand for smart glass market in the region.
Few major players dominates the global smart glass market
Asahi Glass Company Ltd, Saint Gobain S.A., Corning Incorporated, Pleotint LLC, Polytronix Inc., Ravenbrick LLC, Research Frontiers Inc., Aage electrochromics, Inc., Schott corporation, Smartglass International Ltd. , View Inc. among others are some of the few major players enjoying significant market share in the industry. There is good opportunity for industry consolidation as no single player has expertise in manufacturing all kinds of smart glass technologies that are required by various different end-use industries.
Historical & Forecast Period
Our study analyzed each market segment during the period of 2016 to 2026 with 2017 as the base year. Forecast period of 2018 to 2026 is considered for the CAGR calculation.
This research report describes leading continents and their major countries, along with profiles of key players operating in overall market and their planned developments. Our report further defines the overall market dynamics such as drivers, challenges, and opportunities prevalent in the market to understand global smart glass market more explicitly. Our in-depth segmentation analysis up to country level highlights revenue pockets and investment opportunities in the market. Key players profiled include Aage Electrochromics, Inc, Asahi glass company Ltd., Hitachi chemicals co., Ltd., Pleotint LLC., Polytronix, Inc., Ravenbrick LLC., Research frontiers, Inc., Schott corporation, Smartglass international Ltd. and View, Inc.
Key questions answered in this report
- What are the current market trends in the smart glass market and valuable opportunities for the players?
- How the governmental laws affects the global as well as the regional markets?
- Which are the prominent technologies and recent innovations in the market?
- Which is the most successful business model implemented in the market?
- Which is the most lucrative region for investment?
- What is the market size and trend in emerging markets such as China, India and Brazil?
- Which are the prime applications of smart glass among different geographies?
Chapter 1 Preface 11
1.1 Report Scope and Description 11
1.1.1 Study Purpose 11
1.1.2 Target Audience 11
1.1.3 USP and Key Offerings 11
1.2 Research Scope 12
1.3 Research Methodology 13
1.3.1 Phase I – Secondary Research 13
1.3.2 Phase II – Primary Research 14
1.3.3 Approach Adopted 14
1.3.4 Top-Down Approach 14
1.3.5 Bottom-Up Approach 15
1.3.6 Phase III – Expert Panel Review 15
1.3.7 Assumptions 16
1.4 Market Segmentation 16
Chapter 2 Executive Summary 17
2.1 Market Snapshot: Global SG Market 17
2.1.1 Global SG Market, by Technology, 2017 (US$ Mn) 18
2.1.2 Global SG Market, by Application, 2017 (US$ Mn) 19
2.1.3 Global SG Market, by Geography, 2017 (US$ Mn) 19
Chapter 3 Market Dynamics 20
3.1 Introduction 20
3.2 Market Dynamics 21
3.2.1 Market Drivers 21
3.2.1.1 Growing demand for smart glass in automobile applications 21
3.2.1.2 Increasing government support for energy-efficient construction 22
3.2.1.3 Surging demand for smart glass-based products 23
3.2.2 Market Challenges 24
3.2.2.1 Higher Cost of Smart Glass 24
3.2.2.1 Lack of awareness among end-users 25
3.2.3 Market Opportunities 26
3.2.3.1 Emerging Eco-Friendly Buildings 26
3.2.3.2 Increasing demand from emerging economies 27
3.3 Attractive Investment Proposition, by Geography, 2017 28
3.4 Market Positioning of Key Players, 2017 29
Chapter 4 Global Smart Glass (SG) Market, by Technology 30
4.1 Overview 30
4.1.1 Global SG Market Value Share, by Technology, 2017 & 2026 (Value, %) 31
4.1.2 Global SG Market, by Technology, 2016 – 2026 (US$ Mn) 31
4.2 Suspended Particle Display 32
4.2.1 Global SG Market, by Suspended Particle Display, 2016 – 2026 (US$ Mn) 32
4.3 Electrochromic 33
4.3.1 Global SG Market, by Electrochromic, 2016 – 2026 (US$ Mn) 33
4.4 Liquid Crystal 34
4.4.1 Global SG Market, by Liquid Crystal, 2016 – 2026 (US$ Mn) 34
4.5 Photochromic 35
4.5.1 Global SG Market, by Photochromic, 2016 – 2026 (US$ Mn) 35
4.6 Thermochromic 36
4.6.1 Global SG Market, by Thermochromic, 2016 – 2026 (US$ Mn) 36
4.7 Micro-Blinds 37
4.7.1 Global SG Market, by Micro-Blinds, 2016 – 2026 (US$ Mn) 37
Chapter 5 Global Smart Glass (SG) Market, by Application 38
5.1 Overview 38
5.1.1 Global SG Market Value Share, by Application, 2017 & 2026 (Value, %) 39
5.1.2 Global SG Market, by Application, 2016 – 2026 (US$ Mn) 39
5.2 Architecture 40
5.2.1 Global SG Market, by Architecture, 2016 – 2026 (US$ Mn) 40
5.3 Transportation 41
5.3.1 Global SG Market, by Transportation, 2016 – 2026 (US$ Mn) 41
5.4 Power Generation Plants (Solar) 42
5.4.1 Global SG Market, by Power Generation Plants (Solar), 2016 – 2026 (US$ Mn) 42
5.5 Consumer Electronics 43
5.5.1 Global SG Market, by Consumer Electronics, 2016 – 2026 (US$ Mn) 43
5.6 Other Applications 44
5.6.1 Global SG Market, by Other Applications, 2016 – 2026 (US$ Mn) 44
Chapter 6 Global Smart Glass (SG) Market, by Geography 45
6.1 Overview 45
6.1.1 Global SG Market Value Share, by Geography, 2017 & 2026 (Value %) 46
6.1.2 Global SG Market, by Geography 2016 – 2026 (US$ Mn) 46
6.2 North America 47
6.2.1 North America SG Market, by Technology 2016 – 2026 (US$ Mn) 47
6.2.1 North America SG Market, by Application 2016 – 2026 (US$ Mn) 48
6.2.2 North America SG Market, by Country (US$ Mn) 48
6.3 Europe 49
6.3.1 Europe SG Market, by Technology 2016 – 2026 (US$ Mn) 49
6.3.2 Europe SG Market, by Application 2016 – 2026 (US$ Mn) 50
6.3.3 Europe SG Market, by Country/Region (US$ Mn) 50
6.4 Asia Pacific 51
6.4.1 Asia Pacific SG Market, by Technology 2016 – 2026 (US$ Mn) 51
6.4.2 Asia Pacific SG Market, by Application 2016 – 2026 (US$ Mn) 52
6.4.3 Asia Pacific SG Market, by Country/Region (US$ Mn) 52
6.5 Latin America 53
6.5.1 Latin America SG Market, by Technology 2016 – 2026 (US$ Mn) 53
6.5.2 Latin America SG Market, by Application 2016 – 2026 (US$ Mn) 54
6.5.3 Latin America SG Market, by Country/Region (US$ Mn) 54
6.6 Middle East & Africa 55
6.6.1 Middle East & Africa SG Market, by Technology 2016 – 2026 (US$ Mn) 55
6.6.2 Middle East & Africa SG Market, by Application 2016 – 2026 (US$ Mn) 56
6.6.3 Middle East & Africa SG Market, by Region (US$ Mn) 56
Chapter 7 Company Profiles 57
7.1 AGC Inc. 57
7.2 Aage Electrochromics, Inc. 59
7.3 Corning Incorporated 61
7.4 Pleotint LLC 63
7.5 Polytronix Inc. 65
7.6 Ravenbrick LLC. 67
7.7 Research Frontiers Inc. 69
7.8 Saint Gobain S.A. 71
7.9 Schott Corporation 73
7.10 Smartglass International Ltd. 75
7.11 View Inc. 77
* SG - Smart Glass
TABLE 1 Market Snapshot: Global Smart Glass (SG) Market Volume 17
TABLE 2 Market Snapshot: Global SG Market Value 18
TABLE 3 Global SG Market, by Technology, 2016 – 2026 (US$ Mn) 31
TABLE 4 Global SG Market, by Application, 2016 – 2026 (US$ Mn) 39
TABLE 5 Global SG Market, by Geography 2016 – 2026 (US$ Mn) 46
TABLE 6 North America SG Market, by Technology 2016 – 2026 (US$ Mn) 47
TABLE 7 North America SG Market, by Application 2016 – 2026 (US$ Mn) 48
TABLE 8 North America SG Market, by Country 2016 – 2026 (US$ Mn) 48
TABLE 9 Europe SG Market, by Technology 2016 – 2026 (US$ Mn) 49
TABLE 10 Europe SG Market, by Application 2016 – 2026 (US$ Mn) 50
TABLE 11 Europe SG Market, by Country/Region 2016 – 2026 (US$ Mn) 50
TABLE 12 Asia Pacific SG Market, by Technology 2016 – 2026 (US$ Mn) 51
TABLE 13 Asia Pacific SG Market, by Application 2016 – 2026 (US$ Mn) 52
TABLE 14 Asia Pacific SG Market, by Country/Region 2016 – 2026 (US$ Mn) 52
TABLE 15 Latin America SG Market, by Technology 2016 – 2026 (US$ Mn) 53
TABLE 16 Latin America SG Market, by Application 2016 – 2026 (US$ Mn) 54
TABLE 17 Latin America SG Market, by Country/Region 2016 – 2026 (US$ Mn) 54
TABLE 18 Middle East & Africa SG Market, by Technology 2016 – 2026 (US$ Mn) 55
TABLE 19 Middle East & Africa SG Market, by Application 2016 – 2026 (US$ Mn) 56
TABLE 20 Middle East & Africa SG Market, by Region 2016 – 2026 (US$ Mn) 56
TABLE 21 AGC Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 57
TABLE 22 Aage Electrochromics, Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 59
TABLE 23 Corning Incorporated: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 61
TABLE 24 Pleotint LLC: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 63
TABLE 25 Polytronix Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 65
TABLE 26 Ravenbrick LLC.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 67
TABLE 27 Research Frontiers Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 69
TABLE 28 Saint Gobain S.A.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 71
TABLE 29 Schott Corporation: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 73
TABLE 30 Smartglass International Ltd.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 75
TABLE 31 View Inc.: Company Snapshot (Business Description; Product Portfolio; Financial Information; Business Overview and Recent Development) 77
FIG. 1 Global Smart Glass (SG)Market: Research Methodology 13
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach 15
FIG. 3 Global SG Market Segmentation 16
FIG. 4 Global SG Market, by Technology, 2017 (US$ Mn) 18
FIG. 5 Global SG Market, by Application, 2017 (US$ Mn) 19
FIG. 6 Global SG Market, by Geography, 2017 (US$ Mn) 19
FIG. 7 Attractive Investment Proposition, by Geography, 2017 28
FIG. 8 Global Market Positioning of Key Smart Glass Manufacturers, 2017 29
FIG. 9 Global SG Market Value Share, by Technology, 2017 & 2026 (Value, %) 31
FIG. 10 Global SG Market, by Suspended Particle Display, 2016 – 2026 (US$ Mn) 32
FIG. 11 Global SG Market, by Electrochromic, 2016 – 2026 (US$ Mn) 33
FIG. 12 Global SG Market, by Liquid Crystal, 2016 – 2026 (US$ Mn) 34
FIG. 13 Global SG Market, by Photochromic, 2016 – 2026 (US$ Mn) 35
FIG. 14 Global SG Market, by Thermochromic, 2016 – 2026 (US$ Mn) 36
FIG. 15 Global SG Market, by Micro-Blinds, 2016 – 2026 (US$ Mn) 37
FIG. 16 Global SG Market Value Share, by Application, 2017 & 2026 (Value, %) 39
FIG. 17 Global SG Market, by Architecture, 2016 – 2026 (US$ Mn) 40
FIG. 18 Global SG Market, by Transportation, 2016 – 2026 (US$ Mn) 41
FIG. 19 Global SG Market, by Power Generation Plants (Solar), 2016 – 2026 (US$ Mn) 42
FIG. 20 Global SG Market, by Consumer Electronics, 2016 – 2026 (US$ Mn) 43
FIG. 21 Global SG Market, by Other Applications, 2016 – 2026 (US$ Mn) 44
FIG. 22 Global SG Market Value Share, by Geography, 2017 & 2026 (Value %) 46
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