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What key factors are powering the surge in the smart glass market right now?

The smart glass market has experienced significant growth, expected to increase from $7.57 billion in 2024 to $8.52 billion in 2025 at a CAGR of 12.5%. Past growth was driven by rapid technological advancements, energy efficiency focus, increased adoption in construction, IoT integration, and demand from the automotive industry.

How fast Is the smart glass market expected to grow, and what’s its future value?

The smart glass market is set to grow rapidly, reaching $12.68 billion in 2029 with a CAGR of 10.5%. Growth is fueled by technological advancements, rising awareness of energy efficiency, the integration of IoT and smart technologies, and government regulations. Key trends involve energy efficiency initiatives, integration with smart home systems, and an expanding range of applications.

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What are the leading drivers of growth in the smart glass market?

The expansion of the construction industry is predicted to drive the growth of the smart glass market. Construction activities cover all aspects from planning and design, to building and upkeep of structures and infrastructure. Factors such as population growth, urbanization, economic progression, development of infrastructure, advancements in technology, and emphasis on sustainability are all driving growth in the construction industry. Smart glass can aid in establishing buildings that are more technologically progressive, sustainable, and comfortable, which makes it a desirable choice for the construction sector. For example, data from the U.S. Census Bureau, a government agency based in the U.S., showed the total expenditure on construction in 2022 reached $1,840.9 billion. In 2023, this increased to $1,978.7 billion, marking a 7.0% rise. Hence, the expansion of the construction industry is pushing the growth of the smart glass market.

What are the key segments defining the smart glass market?

The smart glass market covered in this report is segmented –

1) By Type: Electrochromic, Suspended Particle Device (SPD), Liquid Crystal, Passive, Other Types

2) By Control System: Manual, Remote, Mobile-based, Voice-based, Other Control Systems

3) By End User: Transportation, Construction, Power Generation, Other End Users

Subsegments:

1) By Electrochromic: Electrochromic Glass for Windows, Electrochromic Glass for Architectural and Automotive Applications

2) By Suspended Particle Device (SPD): SPD Glass for Windows, SPD Glass for Skylights and Curtain Walls

3) By Liquid Crystal: Liquid Crystal Display (LCD) Glass, Liquid Crystal Smart Glass for Privacy Control

4) By Passive: Thermochromic Glass, Photochromic Glass

5) By Other Types: Micro Blinds Smart Glass, Nanocrystal Smart Glass

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Who are the key players steering the development of the smart glass market?

Major companies operating in the smart glass market are Huawei Technologies Co. Ltd., Hitachi Chemical Co. Ltd., General Electric Company, Compagnie de Saint-Gobain S.A., Honeywell International Inc., Ericsson, Merck Group, PPG Industries Inc., AGC Inc., Polytronix Inc., ADT Inc., VELUX Group., Gentex Corporation, Switch Materials Inc., AGP eGlass, Kore Wireless Group, View Inc., Intevac Inc., Kinestral Technologies Inc., Quantum Glass GmbH, SAGE Electrochromics Inc., Soladigm Inc., Gauzy Ltd., Eyrise B.V., Halio Inc., 100Plus Inc., Heliotrope Technologies Inc., Pleotint LLC

What emerging trends are influencing the growth of the smart glass market?

In an effort to stay competitive in the smart glass market, primary firms are embarking on the development of advanced and smart solutions such as the smart glass privacy solution. This innovative technology can alter the transparency of glass materials from clear to shaded or opaque as per necessity. As an illustrative example, in November 2023, Kolbe, a US-based entity that manufactures windows and glass, along with Gauzy Ltd., an Israel-based firm specializing in smart glass and ADAS technologies, released a smart privacy glass solution intended for single-family houses. This cutting-edge switchable privacy glass technology integrates superior polymer dispersed liquid crystal (PDLC) films amid glass panes enabling the glass to transition from opaque to transparent through the supply of power. Taking this further, homeowners are provided with the choice to modify the privacy and shading of windows and doors via a wall-mounted touch panel, a remote control, or a home automation system. This technology, which offers customizable privacy settings, comes in white or grey and can be fitted into multiple Kolbe window and door products like VistaLuxe WD LINE direct sets, ultra series casements, awnings, swinging doors, and forgentsSeries all glastra cases.

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Which regions are most influential in expanding the smart glass market?

Europe was the largest region in the smart glass market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the smart glass market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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