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Asia Pacific Emerges as the Fastest Growing Market in the Global Smart Glass Industry: Infrastructure Development Spurs Demand

Post Time:Sep 13,2023Classify:Industry NewsView:1059

The global smart glass market is on an upward trajectory, with expectations to reach a substantial 

USD 12.76 billion by 2030. This growth reflects a robust CAGR of 9.9% from 2023 to 2030.

The market's expansion is propelled by surging demand in the automotive and architectural industries. 

The adoption of innovative technologies in new construction projects has driven the use of smart glass 

products in the architectural sector. Moreover, increased investment in infrastructure development, 

a rising appetite for luxury vehicles equipped with smart glass, and government initiatives to construct 

eco-friendly and energy-efficient buildings are contributing to market growth. The escalating glazing area 

in commercial and residential structures is set to further bolster demand in the coming years.

Architectural Sector Dominates with Electrochromic Glass

Electrochromic glass has gained significant traction in both automotive and building construction applications, 

positioning it as the leading contributor in this segment. North America and Europe have witnessed rapid

 adoption of electrochromic windows, providing control over energy consumption, glare reduction, and enhanced

 comfort. According to the National Renewable Energy Laboratory (NREL), electrochromic technology can reduce 

electricity consumption for cooling by up to 49% and lighting costs by up to 51%. Such advantages are expected 

to stimulate growth in this segment.

Smart Glass Revolutionizes Commercial Office Buildings

Smart glass technology is making substantial inroads in commercial office buildings and corporate headquarters, 

offering substantial cost savings and heightened workplace productivity. Technologies like self-cleaning glass, 

low-emissivity glass, and solar control glass have become prominent choices in the construction sector. 

The increased number of infrastructure projects, coupled with restoration and renovation activities in residential 

and commercial spaces, is bolstering the architectural segment. Notable projects, including Evora Public Central Hospital, 

Edge East Side Tower, Baltic Offshore Pipeline, and Flamanville 3, are indicative of the robust construction activities

 in Europe scheduled for completion in 2023.

Strategic Initiatives Drive Market Competitiveness

Companies operating in this space are actively pursuing strategic initiatives, such as investments in 

research and development (R&D), mergers and acquisitions, collaborations, partnerships, and new product development, 

to gain a competitive edge. For instance, in March 2023, Kognition, an AI safety and security startup, partnered with View Inc., 

a leading smart glass provider, to integrate View's Smart Building Cloud, an integrated software stack for smart buildings, 

with Kognition's SPS smart building software. This collaboration aims to offer a comprehensive approach to building 

safety and security, enabling customers to deploy and manage a cyber-physical security system powered by AI.

Key Companies in the Smart Glass Market

Some of the key companies operating in the smart glass market include:

AGC Inc.


Corning Incorporated

Gauzy Ltd. and Entities

Gentex Corporation

Guardian Industries

Halio Inc. (Kinestral Technologies Inc.)

Merck KGaA (Merck Group)

Nippon Sheet Glass Co. Ltd.

PPG Industries Inc.


Research Frontiers Inc.

Saint-Gobain S.A.

Smartglass International Ltd.


View Inc.

Vision System

Polytronix Inc.

Smart Glass Technologies

Key Market Highlights

The global smart glass market is gaining prominence, driven by stringent regulations for energy efficiency and rapid urbanization 

in developing countries, which have led to increased infrastructure demands. The installation of glass is vital in various buildings 

within the residential building sector and consumer devices. Installers, often independent contractors hired by building authorities 

or glass retailers, play a crucial role in this process.

The aerospace and transportation sector is poised to become a significant client for smart glass applications, contributing to 

market revenue. The commercialization of SPD smart glass has unveiled numerous opportunities, including its use in rearview mirrors, side-view windows, and sunroofs.

Furthermore, Asia Pacific, an untapped market with abundant growth potential, is projected to record the fastest CAGR of approximately 11.5% over the forecast period.

Source: https://finance.yahoo.com/news/Author: shangyi

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