The Global Smart Glass Market is projected to reach a value of over USD 13.3 billion by 2027 at a CAGR of around 16.6%.
Smart glass is an electronically controlled device which allow users to manage the glare, light, and heat passing through the glass automatically or manually. The technologies behind the smart glass allows to resolve complex design and operating demands for balancing the benefits of view, natural light, and open floor plans with the need of privacy and energy conservation. Smart glass is mainly used for architectural & construction applications which includes office partitions, hotels, residential, and hospitals. Saint-Gobain, Research Frontiers Inc., GENTEX CORPORATION, and Smartglass International Limited are the key players of the smart glass market.
Market Driver:
Doctor offices and hospitals are the places where minimalistic design and efficiency are paramount. Smart glass creates open and connected patient environment with maintaining the privacy. Smart glass technology reduces energy cost by reducing heat transfer and increasing natural light. Curtains, and blinds can hold germs, dust, and allergenic contents. Smart glass technology products are extremely hygienic, easy to clean, and can be controlled by remote control. These electronic glasses are easily controlled by wall switches, remote control, smartphone, and various automated systems. Patients and nurse are easily adjusting their privacy and lighting conditions without have to move. Hence, huge demand from hospitals are expected to drive the smart glass market during the forecast period.
Market Restraint:
The smart glass consists of various advance electronic technologies which make the product expensive. Moreover, various access to various wireless technologies and various control methods such as remote control, smartphones, and automated systems increases the cost of the product. Due to various research and development activities and more investment in smart glass technology in several developing countries, these technology is less commercialized and this is expected to hamper the growth of the market during the projected years.
The report on the smart glass market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
Base Year for Market Calculation |
2019 |
Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Mode of Control, Technology, Application, |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Smart Glass Market, by Mode of Control
Smart Glass Market, by Technology
Smart Glass Market, by Application
Smart Glass Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE SMART GLASS MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY