Smart Glass market will reach USD 15,788.0 million in 2027

Fortune business insights

Fortune business insights

Companies in the smart glass market include View, Inc. (US), GENTEX Corporation (US), Polytronix, Inc. (US), Smartglass International Limited (Ireland), Glass Apps (US), Scienstry, Inc. (US), AGC Inc. (Japan), Research Frontiers (US), Essex Safety Glass (UK), Gauzy Ltd and Entities (Israel), BSG Glass (Thailand), Asahi India Glass Ltd. (India) and more players profiled.

Pune, India, December 19, 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insights™the global size of the smart glass market is expected to reach USD 15,788.0 million by the end of 2027. The market was worth USD 4,651.3 million in 2019 and will exhibit a CAGR of 17.2% during the forecast period 2020-2027.

The increasing investment in research and development of low cost and efficient products will bode well for market growth. The increasing integration of smart glasses in the aerospace industry will have a positive impact on the market growth. According to a report published by Fortune Business Insights,

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List of companies profiled in the report:

  • Saint Gobain (France)

  • View, Inc. (US)

  • GENTEX Corporation (USA)

  • Polytronix Inc. (US)

  • Smartglass International Limited (Ireland)

  • Glass Apps (US)

  • Sciencetry, Inc. (US)

  • AGC Inc (Japan)

  • Research Frontiers (US)

  • Essex safety glass (UK)

  • Gauzy Ltd and Entities (Israel)

  • BSG glass (Thailand)

  • Asahi India Glass Ltd. (India)

  • Nippon Sheet Glass Co.Ltd.

  • Schott AG (Germany)

  • Central Glass Co., Ltd. (Japan)

  • Pleotint LLC (USA)

  • SPD Control Systems Corporation (USA)

  • Other protagonists

Report reach

Report coverage

Details

Forecast period

2020-2027

Forecast CAGR

17.2%

Value projection 2027

USD 15,788.0 million

Base year

2019

Market Size for Smart Glass in 2019

USD 4,651.3 million

Historical data

2016-2018

Number of pages

130

Segments covered

By shape, by product and by region

Drivers for growth of the Smart Glass market

Corporate mergers and acquisitions are an increasing trend among major companies around the world

Europe has the highest market share; Increasing product usage in architectural design will emerge in favor of market growth

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Smart glass is widely used in various industries in the industry as a medium for display and other interfaces. The product works on the mechanism of light or voltage transmission, changing its appearance when the above factors are passed through it or applied. The huge investments in research and development of smart glass are the result of the increasing applications of the product in various industries.

The increasing adoption and subsequently rising demand for smart homes and the integration of technologically advanced devices will create several growth opportunities for the market in the coming years. Due to the huge potential of smart glass around the world, there are several companies operating around the world. Ultimately, the fierce market competition results in even more innovations and this will have a positive influence on the growth of the total market in the coming years.

Segmentation

By technology

Job application

A decrease in demand for products during the Covid-19 pandemic will have a negative impact on SMEs

The recent coronavirus outbreak has had a drastic impact on various industries around the world. With closures in production units and production houses, the coronavirus outbreak has hampered the economic conditions of most companies that fall under the small and medium-sized enterprises (SMEs) category.

Declining demand for smart glasses in industrial sectors will have a negative impact on the market. That said, the steady demand for smart homes and the increasing integration of smart glasses into smart homes will provide a platform for growth in an otherwise stagnant market.

Corporate mergers and acquisitions are an increasing trend among major companies around the world

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Considering the huge potential of smart glass around the world, there have been several mergers and acquisitions of companies in recent times. Due to the healthy competition in the market, large-scale companies want to acquire both start-ups and SMEs. In 2020, Smartglass International announced a partnership with V-stream.

The latter is an Irish-based company and focuses on technical innovations. Through this partnership, the companies will look into deploying the multi-panel floor-to-ceiling privacy smart glass specifically for Dell offices in Ireland. Given the huge demand for smart glasses in Europe, this collaboration will influence other companies in this sector. The report highlights some other corporate mergers of recent times and discusses their impact on the global market.

Europe has the highest market share; Increasing product usage in architectural design will emerge in favor of market growth

The report analyzes ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. All regions are expected to become dominant in the European market in the coming years. Rising demand and adoption of smart glasses in architectural designs and interiors will have a huge impact on the growth of the regional market.

Moreover, efforts to integrate smart glasses in renovations and retrofits of old infrastructures will also contribute to the growth of the regional market. As of 2019, the market in Europe was worth USD 1,994.7 million and this value is expected to increase at a significant rate in the coming years.

Browse a detailed summary of the research report with TOC:

https://www.fortunebusinessinsights.com/smart-glass-market-102569

Detailed table of contents:

  • Introduction

  • Management summary

  • Market dynamics

    • Market drivers

    • Market restrictions

    • Market opportunities

  • Key insights

    • Key emerging trends – for major countries

    • Main developments: mergers, acquisitions, partnership, etc.

    • Latest technological advancement

    • Regulatory Scenario Insights

    • Porter’s Five Forces Analysis

  • Qualitative insights on the impact of COVID-19 on Global Smart Glass

    • Supply Chain Analysis & Challenges

    • Steps taken by government/corporate to overcome this impact

    • Potential challenges and opportunities from the COVID-19 outbreak

  • Global Smart Glass Market Analysis, Insights and Forecast, 2016-2027

TOC Continued…!

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Frequently Asked Questions (FAQs):

1. Is the impact of COVID-19 on smart glass industry growing?

Answer: The global smart glass market size is expected to reach USD 15,788.0 million by the end of 2027. The market was worth USD 4,651.3 million in 2019 and will exhibit a CAGR of 7.2% during the forecast period 2020-2027.

2. Who are the main players in the impact of COVID-19 on Smart glass market?

Answer: Glass Apps (US), Science, Inc. (US), AGC Inc. (Japan), Research Frontiers (US), Essex Safety Glass (UK), Gauzy Ltd and Entities (Israel), BSG Glass (Thailand), Asahi India Glas Ltd (India)

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