Smart Glass/Mirror in Automotive Market By Functionality (Connected, Non-Connected), By Technology (Electrochromic, Polymer Dispersed Liquid Crystal, Suspended Particle Devices, Thermochromic, Photochromic), By Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles, Passenger Cars), By Applications (Side/Rear View Mirror, Sunroofs, Sidelites/ Backlites, Windshield) - Growth, Future Prospects, and Competitive Landscape, 2019 -2027
Key Market Insights
"Increasing demand of Sustainable Solution projected to boost the overall demand for smart glass/ mirror in automotive sector"
The global smart glass/mirror in automotive market value was at US$ 1,159.3 Mn in the year 2018 and projected to reach US$ 2,752.0 Mn by 2027, witnessing a CAGR of 10.2% during the forecast from 2019 to 2027.
Smart mirror is among those futuristic technologies that have paved its way into the world of intelligent automobiles through integration with computer-aided information service. Its distinctive aesthetic and technical attributes have increased its demand among various automobile manufacturers. Despite the sluggish growth of the automotive sector, smart mirror has registered double-digit growth in the past few years. Its protective features from UV and other harmful rays along with its contribution towards energy saving are some of the prime factors contributing towards the escalating growth of smart mirror.
Technology Analysis
"SPD held the Largest Revenue Share in the Smart Glass/ Mirror in Automotive Market in the year 2018"
Suspended Particle Devices (SPD) glasses held the largest revenue share in the smart glass or mirror in the automotive market owing to its feature of saving electricity greater than 25%. SPD glasses control solar radiation that automatically reduces HVAC energy consumption. These glasses have an increasing demand in the automotive sector mainly due to favorable government policies regarding energy consumption. For instance, the USA has set a definite standard for the electricity consumption in light-duty vehicles for around 570 to 1140 Tera Watt-hour (TWh).
On the other hand, electrochromic glasses expected to witness magnificent growth during the forecast period. Its property to offer a high blockage ratio for harmful ultraviolet and infrared rays coupled with reduced response time are some of the prime factors favoring its escalating growth.
Regional Analysis
"Asia Pacific is projected to garner the Highest Growth during Forecast Period"
In 2018, Europe dominated the global smart glass/ mirror in the automotive market in terms of revenue share as automobile manufacturing is one of the most enduring industries of the region. North America is another prime region contributing to the revenue share of the global market. Increasing demand for smart and connected solutions is the prime reason supporting regional growth.
However, Asia Pacific projected to witness significant growth in the adoption of smart glasses in the automotive sector. The escalating growth of the region is mainly attributed to the high production rate of luxury and autonomous vehicles, especially in China and India. In addition, an increasing trend of alliances between auto manufacturers and technology companies in the Asia region to modify their self-driving solutions is very common these days. Recently, Honda signed an agreement with General Motors Cruise Holdings LLC to develop a new autonomous car. The company also plans to invest US$ 1.15 Mn in the upcoming 12 years plan for the same.
Key Players & Competitive Landscape:
"Increased research and development with strong product portfolio in the developed regions"
Global smart glass/ mirror in the automotive market is highly competitive owing to the presence of few players who specializes in manufacturing all smart glass technologies. Gentex Corporation is one of the leading market players that specializes in manufacturing SPD glasses for automotive. Similarly, Glaston Corp. and AGC Ltd. offer a diverse range of electrochromic and smart-tinting glass respectively.
These days market competition has fiercely increased due to increasing technology investment by various market players. Each player in the market is actively working on product advancement coupled with regional expansion. The Asia Pacific offers a huge consumer base to the smart glass manufacturers because of which several companies have planned their regional expansion in the Asia Pacific in the forthcoming years. In addition, some players are also involved in the joint venture or partnership activities to strengthen their market position.
List of Companies Covered:
- Gentex Corporation
- Gauzy Ltd.
- Research Frontiers Inc.
- Corning Inc.
- SmartGlass International Ltd.
- PPG Industries
- SAGE Electrochromics
- Hitachi Chemicals Co. Ltd.
- View Inc.
- Pleotint LLC.
- AGC Ltd.
Key Industry Development:
- On October 26, 2018, Heliotrope Technologies Inc. and Glaston Corporation introduced NanoEC™ technology at a trade show ‘Glasstec 2018’ in Germany. The technology offers both dynamic aesthetic appearance and competitive price that helps in the mass adoption of electrochromic smart glasses to win the market.
- On January 10, 2018, Fisker Inc. launched an Electric Vehicle named Fisker-E-Motion equipped with SPD smart glass roof. The company also announced its plan to introduce smart side windows using SPD smart mirror technology for future vehicle launch.
- On December 7, 2017, AGC Ltd. and Kinestral Technologies signed a joint-venture agreement to accelerate the global adoption of ‘Halio’, a smart-tinting glass.
- On August 30, 2017, Nissan Technology introduced a new intelligent rear-view mirror in its Armada Platinum model.
Historical & Forecast Period
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The research study titled smart glass/mirror in automotive market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides all round view of the global smart glass/mirror in automotive market based on functionality, technology, application, vehicle type, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | USD Million |
| Segmentation |
Functionality Segment (2017–2027; US$ Mn) |
|
Technology Segment (2017–2027; US$ Mn) |
|
|
Application Segment (2017–2027; US$ Mn) |
|
|
Vehicle Type Segment (2017–2027; US$ Mn) |
|
|
Geography Segment (2017–2027; US$ Mn) |
Key questions answered in this report
- What was the global market size of smart glass/mirror in automotive in 2017 & 2018?
- What is estimated forecast and market projections up to 2027?
- Which is largest regional market for smart glass/mirror in automotive?
- Which technology has the largest penetration in smart glass/mirror in automotive market?
- Which is the most lucrative application for smart glass/mirror in automotive?
- Which are the predominant trends shaping the global smart glass/mirror in automotive market?
- Which is the most promising, attractive, and less-explored region in the global smart glass/mirror in automotive market?
- Who are the leading vendors in the global smart glass/mirror in automotive market?
- What are the premiere strategies adopted by the leading vendors in the global smart glass/mirror in automotive market?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Smart Glass/ Mirror in Automotive Market
2.2. Global SGMA Market, by Functionality, 2018 (US$ Mn)
2.3. Global SGMA Market, by Technology, 2018 (US$ Mn)
2.4. Global SGMA Market, by Application, 2018 (US$ Mn)
2.5. Global SGMA Market, by Vehicle Type, 2018 (US$ Mn)
2.6. Global SGMA Market, by Geography, 2018 (US$ Mn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global SGMA Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Smart Glass/ Mirror in Automotive (SGMA) Market, by Functionality, 2017-2027 (US$ Mn)
4.1. Overview
4.2. Connected
4.3. Non-Connected
5. Global Smart Glass/ Mirror in Automotive (SGMA) Market, by Technology, 2017-2027 (US$ Mn)
5.1. Overview
5.2. Electrochromic
5.3. Polymer Dispersed Liquid Crystal (PDLC)
5.4. Suspended Particle Devices (SPD)
5.5. Thermochromic
5.6. Photochromic
6. Global Smart Glass/ Mirror in Automotive (SGMA) Market, by Application, 2017-2027 (US$ Mn)
6.1. Overview
6.2. Side/rear view mirror
6.3. Sunroofs
6.4. Sidelites/ Backlites
6.5. Windshield
7. Global Smart Glass/ Mirror in Automotive (SGMA) Market, by Vehicle Type, 2017-2027 (US$ Mn)
7.1. Overview
7.2. Light Commercial Vehicles (LCVs)
7.3. Heavy Commercial Veicles (HCVs)
7.4. Passenger Cars
8. North America Smart Glass/ Mirror in Automotive (SGMA) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. North America SGMA Market Value and Growth, 2017-2027, (US$ Mn)
8.2. North America SGMA Market Value, By Functionality, 2017-2027 (US$ Mn)
8.2.1. Connected
8.2.2. Non-Connected
8.3. North America SGMA Market Value, By Technology, 2017-2027 (US$ Mn)
8.3.1. Electrochromic
8.3.2. Polymer Dispersed Liquid Crystal (PDLC)
8.3.3. Suspended Particle Devices (SPD)
8.3.4. Thermochromic
8.3.5. Photochromic
8.4. North America SGMA Market Value, By Application, 2017-2027 (US$ Mn)
8.4.1. Side/rear view mirror
8.4.2. Sunroofs
8.4.3. Sidelites/ Backlites
8.4.4. Windshield
8.5. North America SGMA Market Value, By Vehicle Type, 2017-2027 (US$ Mn)
8.5.1. Light Commercial Vehicles (LCVs)
8.5.2. Heavy Commercial Veicles (HCVs)
8.5.3. Passenger Cars
8.6. North America SGMA Market Value, By Country/ Region, 2017-2027 (US$ Mn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America
9. Europe Smart Glass/ Mirror in Automotive (SGMA) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Europe SGMA Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Europe SGMA Market Value, By Functionality, 2017-2027 (US$ Mn)
9.2.1. Connected
9.2.2. Non-Connected
9.3. Europe SGMA Market Value, By Technology, 2017-2027 (US$ Mn)
9.3.1. Electrochromic
9.3.2. Polymer Dispersed Liquid Crystal (PDLC)
9.3.3. Suspended Particle Devices (SPD)
9.3.4. Thermochromic
9.3.5. Photochromic
9.4. Europe SGMA Market Value, By Application, 2017-2027 (US$ Mn)
9.4.1. Side/rear view mirror
9.4.2. Sunroofs
9.4.3. Sidelites/ Backlites
9.4.4. Windshield
9.5. Europe SGMA Market Value, By Vehicle Type, 2017-2027 (US$ Mn)
9.5.1. Light Commercial Vehicles (LCVs)
9.5.2. Heavy Commercial Veicles (HCVs)
9.5.3. Passenger Cars
9.6. Europe SGMA Market Value, By Country/ Region, 2017-2027 (US$ Mn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe
10. Asia Pacific Smart Glass/ Mirror in Automotive (SGMA) Market Analysis, 2017-2027 (US$ Mn)
10.1. Overview
10.1.1. Asia Pacific SGMA Market Value and Growth, 2017-2027, (US$ Mn)
10.2. Asia Pacific SGMA Market Value, By Functionality, 2017-2027 (US$ Mn)
10.2.1. Connected
10.2.2. Non-Connected
10.3. Asia Pacific SGMA Market Value, By Technology, 2017-2027 (US$ Mn)
10.3.1. Electrochromic
10.3.2. Polymer Dispersed Liquid Crystal (PDLC)
10.3.3. Suspended Particle Devices (SPD)
10.3.4. Thermochromic
10.3.5. Photochromic
10.4. Asia Pacific SGMA Market Value, By Application, 2017-2027 (US$ Mn)
10.4.1. Side/rear view mirror
10.4.2. Sunroofs
10.4.3. Sidelites/ Backlites
10.4.4. Windshield
10.5. Asia Pacific SGMA Market Value, By Vehicle Type, 2017-2027 (US$ Mn)
10.5.1. Light Commercial Vehicles (LCVs)
10.5.2. Heavy Commercial Veicles (HCVs)
10.5.3. Passenger Cars
10.6. Asia Pacific SGMA Market Value, By Country/ Region, 2017-2027 (US$ Mn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific
11. Rest of the World Smart Glass/ Mirror in Automotive (SGMA) Market Analysis, 2017-2027 (US$ Mn)
11.1. Overview
11.1.1. Rest of the World SGMA Market Value and Growth, 2017-2027, (US$ Mn)
11.2. Rest of the World SGMA Market Value, By Functionality, 2017-2027 (US$ Mn)
11.2.1. Connected
11.2.2. Non-Connected
11.3. Rest of the World SGMA Market Value, By Technology, 2017-2027 (US$ Mn)
11.3.1. Electrochromic
11.3.2. Polymer Dispersed Liquid Crystal (PDLC)
11.3.3. Suspended Particle Devices (SPD)
11.3.4. Thermochromic
11.3.5. Photochromic
11.4. Rest of the World SGMA Market Value, By Application, 2017-2027 (US$ Mn)
11.4.1. Side/rear view mirror
11.4.2. Sunroofs
11.4.3. Sidelites/ Backlites
11.4.4. Windshield
11.5. Rest of the World SGMA Market Value, By Vehicle Type, 2017-2027 (US$ Mn)
11.5.1. Light Commercial Vehicles (LCVs)
11.5.2. Heavy Commercial Veicles (HCVs)
11.5.3. Passenger Cars
11.6. Rest of the World Smart Glass/ Mirror in Automotive Market Value, By Region, 2017-2027 (US$ Mn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America
12. Company Profiles
12.1. Gentex Corporation
12.2. Gauzy Ltd.
12.3. Research Frontiers Inc.
12.4. Corning Inc.
12.5. SmartGlass International Ltd.
12.6. PPG Industries
12.7. SAGE Electrochromics
12.8. Hitachi Chemicals Co. Ltd.
12.9. View Inc.
12.10. Pleotint LLC.
12.11. AGC Ltd.
* Here we use SGMA as a short form of Smart Glass/ Mirror in Automotive
TABLE 1 Market Snapshot: Global Smart Glass/ Mirror in Automotive (SGMA) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global SGMA Market, by Functionality, 2017–2027 (US$ Mn)
TABLE 5 Global SGMA Market, by Technology, 2017–2027 (US$ Mn)
TABLE 6 Global SGMA Market, by Application, 2017–2027 (US$ Mn)
TABLE 7 Global SGMA Market, by Vehicle Type, 2017–2027 (US$ Mn)
TABLE 8 Global SGMA Market, by Geography, 2017–2027 (US$ Mn)
TABLE 9 North America SGMA Market, by Functionality, 2017–2027 (US$ Mn)
TABLE 10 North America SGMA Market, by Technology, 2017–2027 (US$ Mn)
TABLE 11 North America SGMA Market, by Application, 2017–2027 (US$ Mn)
TABLE 12 North America SGMA Market, by Vehicle Type, 2017–2027 (US$ Mn)
TABLE 13 North America SGMA Market, by Country/ Region, 2017–2027 (US$ Mn)
TABLE 14 Europe SGMA Market, by Functionality, 2017–2027 (US$ Mn)
TABLE 15 Europe SGMA Market, by Technology, 2017–2027 (US$ Mn)
TABLE 16 Europe SGMA Market, by Application, 2017–2027 (US$ Mn)
TABLE 17 Europe SGMA Market, by Vehicle Type, 2017–2027 (US$ Mn)
TABLE 18 Europe SGMA Market, by Country/ Region, 2017–2027 (US$ Mn)
TABLE 19 Asia Pacific SGMA Market, by Functionality, 2017–2027 (US$ Mn)
TABLE 20 Asia Pacific SGMA Market, by Technology, 2017–2027 (US$ Mn)
TABLE 21 Asia Pacific SGMA Market, by Application, 2017–2027 (US$ Mn)
TABLE 22 Asia Pacific SGMA Market, by Vehicle Type, 2017–2027 (US$ Mn)
TABLE 23 Asia Pacific SGMA Market, by Country/ Region, 2017–2027 (US$ Mn)
TABLE 24 Rest of the World SGMA Market, by Functionality, 2017–2027 (US$ Mn)
TABLE 25 Rest of the World SGMA Market, by Technology, 2017–2027 (US$ Mn)
TABLE 26 Rest of the World SGMA Market, by Application, 2017–2027 (US$ Mn)
TABLE 27 Rest of the World SGMA Market, by Vehicle Type, 2017–2027 (US$ Mn)
TABLE 28 Rest of the World SGMA Market, by Region, 2017–2027 (US$ Mn)
TABLE 29 Gentex Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 Gauzy Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 31 Research Frontiers Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 Corning Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 SmartGlass International Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 34 PPG Industries: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 35 SAGE Electrochromics: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 36 Hitachi Chemicals Co. Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 37 View Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 38 Pleotint LLC.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 39 AGC Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
FIG. 1 Global Smart Glass/ Mirror in Automotive (SGMA) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global SGMA Market Segmentation
FIG. 4 Global SGMA Market, by Functionality, 2018 (US$ Mn)
FIG. 5 Global SGMA Market, by Technology, 2018 (US$ Mn)
FIG. 6 Global SGMA Market, by Application, 2018 (US$ Mn)
FIG. 7 Global SGMA Market, by Vehicle Type, 2018 (US$ Mn)
FIG. 8 Global SGMA Market, by Geography, 2018 (US$ Mn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key SGMA Market Players, 2018
FIG. 11 Global SGMA Market Value Share, by Functionality, 2018 & 2027 (Value %)
FIG. 12 Global SGMA Market for Connected, 2017–2027 (US$ Mn)
FIG. 13 Global SGMA Market for Non-Connected, 2017–2027 (US$ Mn)
FIG. 14 Global SGMA Market Value Share, by Technology, 2018 & 2027 (Value %)
FIG. 15 Global SGMA Market for Electrochromic, 2017–2027 (US$ Mn)
FIG. 16 Global SGMA Market for Polymer Dispersed Liquid Crystal (PDLC), 2017–2027 (US$ Mn)
FIG. 17 Global SGMA Market for Suspended Particle Devices (SPD), 2017–2027 (US$ Mn)
FIG. 18 Global SGMA Market for Thermochromic, 2017–2027 (US$ Mn)
FIG. 19 Global SGMA Market for Photochromic, 2017–2027 (US$ Mn)
FIG. 20 Global SGMA Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 21 Global SGMA Market for Side/rear view mirror, 2017–2027 (US$ Mn)
FIG. 22 Global SGMA Market for Sunroofs, 2017–2027 (US$ Mn)
FIG. 23 Global SGMA Market for Sidelites/ Backlites, 2017–2027 (US$ Mn)
FIG. 24 Global SGMA Market for Windshield, 2017–2027 (US$ Mn)
FIG. 25 North America SGMA Market, 2017–2027 (US$ Mn)
FIG. 26 Europe SGMA Market, 2017–2027 (US$ Mn)
FIG. 27 Asia Pacific SGMA Market, 2017–2027 (US$ Mn)
FIG. 28 RoW SGMA Market, 2017–2027 (US$ Mn)
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