Smart Glass Market by Technology and Application - Global Industry Analysis and Forecast to 2023

Published On : February 2018 Pages : 100 Category: Emerging & Next Generation Technologies Report Code : SE02591

Industry Trend Analysis

In 2014, the global smart glass market was evaluated around USD 1.95 billion and is expected to reach approximately USD 7.70 billion by 2023 while registering itself at a compound annual growth rate (CAGR) of 16.50% over the forecast period. The growth of the global market is assigned to the capability of the glass to modulate heat and transmit light in accordance with the external ecological conditions. As structure owners recognized the long-term benefits linked with energy competence, they have initiated demonstrating a preference towards implementing this technology. The market is acquiring prominence owing to the appearance of strict regulations regarding large-scale urbanization and energy efficiency in emerging countries. Amplified investments in the production of smart glass along with the formation of industrial-scale manufacturing capacity, has considerably contributed towards industry growth. Rising consolidations between technology suppliers and providers are boosting the smart glass development, customized as per an extensive range of application fields. Factors like rising applications in aviation, marine, and power generation are assisting the market growth. In addition, the appearance of novel solutions has contributed to the development of smart windows in the architectural segment. The rising importance of green energy initiatives, like green & eco-friendly buildings, and the prominence of non-electric technologies, like thermochromic technology, has fueled the market growth. Administrative support rendered by several governments, via financial aid and tax initiatives around the world is also bestowing to the market demand.

Technology Outlook and Trend Analysis

In 2016, the Suspended Particle Devices (SPD) sector reported for a market revenue share of approximately 40%. This technology facilitates control of heat, glare, and light entering the premises to render enhanced user comfort and well-being combined with considerable improvement in energy competence. This SPD smart glass growth can be assigned to its elevated electricity-saving capacities. The decline in energy consumption happens on account of the dynamic control of lunar radiations, which ensues in an extensive decline in HVAC energy usage. The decline in energy consumption contributes to a rise in total energy savings owing to the maximum use of daylight. The European and North American regions are anticipated to appear as the major markets for liquid crystal smart glass owing to the augmented emphasis on the application of ‘Green Energy’ resources.

Application Outlook and Trend Analysis

In 2016, the transportation application section captured a market revenue share of around 45%. It is expected to appear as the most productive segment, due to the rising implementation of this technology by medium-sized and premium car makers. The increasing infiltration of premium vehicles in the Asia Pacific regional market, combined with elevated earnings levels of costumers, is the key driving factor for the market growth in automobile applications. The construction segment is alleged to be a sector that shows potential, due to its elevated growth rate with steady investments in smart technology. Most of the skyscrapers and high towers in the Middle East region have integrated smart glass for external structure manufacturing to trim down light and heat transmissions and preserve internal ambiance.

Regional Outlook and Trend Analysis

In 2016, North American region ruled the global smart glass industry with a market share around 35%. Encouraging regulations and authorizations have contributed to the expansion of these products in this region. They have altered total energy savings and abbreviated maintenance costs directing to impact the growth of the market positively. The U.S. governments and the European Union territories are scheduling to regulate the implementation of smart glass-integrated electronic instruments and have led their transport departments toward the similar. Furthermore, the existence of major players in this region and the rising automotive production are assisting the growth of the market.

Competitive Outlook and Trend Analysis

The major market players are Vision Systems, PPG Industries Inc., Research Frontiers Inc., Corning, INC., Sage Electronics, Pleotint LLC, Hitachi Chemical Co. Ltd., Asahi Glass Co., Ltd., SAGE Electrochromics, Inc., SmartGlass International Ltd., Ravenbrick LLC, Pleotint LLC, Saint-Gobain S.A., and E. I. du Pont de Nemours and Company. The market is ruled by a few key players rendering solutions for end-user applications.

The global smart glass market is segmented as follows –

By Technology

  • Electrochromic
  • Polymer Dispersed Liquid Crystal (PDLC)
  • Suspended Particle Devices (SPD)
  • Thermochromic
  • Photochromic

By Application

  • Architectural
  • Transportation
  • Automotive
  • Aircraft
  • Marine
  • Consumer electronics
  • Power generation

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

· What was the market size in 2014 and forecast from 2014 to 2023?

· What will be the industry market growth from 2014 to 2023?

· What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?

· What are the major segments leading the market growth and why?

· Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

  • Smart Glass Market, By Technology, Estimates and Forecast, 2014-2023($Million)
    • Electrochromic
    • Polymer Dispersed Liquid Crystal (PDLC)
    • Suspended Particle Devices (SPD)           
    • Thermochromic
    • Photochromic
  • Smart Glass Market, By Application, Estimates and Forecast, 2014-2023($Million)
    • Architectural
    • Transportation
      • Automotive
      • Aircraft
      • Marine
    • Consumer electronics
    • Power generation
  • Smart Glass Market, By Region, Estimates and Forecast, 2014-2023($Million)
    • North America
      • North America Smart Glass Market, By Country
      • North America Smart Glass Market, By Technology
      • North America Smart Glass Market, By Application
        • U.S. Smart Glass Market, By Technology
        • U.S. Smart Glass Market, By Application
        • Canada Smart Glass Market, By Technology
        • Canada Smart Glass Market, By Application
        • Mexico Smart Glass Market, By Technology
        • Mexico Smart Glass Market, By Application
    • Europe
  • Europe Smart Glass Market, By Country
  • Europe Smart Glass Market, By Technology
  • Europe Smart Glass Market, By Application
    • Germany Smart Glass Market, By Technology
    • Germany Smart Glass Market, By Application
    • France Smart Glass Market, By Technology
    • France Smart Glass Market, By Application
    • UK Smart Glass Market, By Technology
    • UK Smart Glass Market, By Application
    • Italy Smart Glass Market, By Technology
    • Italy Smart Glass Market, By Application
    • Spain Smart Glass Market, By Technology
    • Spain Smart Glass Market, By Application
    • Rest of Europe Smart Glass Market, By Technology
    • Rest of Europe Smart Glass Market, By Application
    • Asia-Pacific
      • Asia-Pacific Smart Glass Market, By Country
      • Asia-Pacific Smart Glass Market, By Technology
      • Asia-Pacific Smart Glass Market, By Application
        • Japan Smart Glass Market, By Technology
        • Japan Smart Glass Market, By Application
        • Australia Smart Glass Market, By Technology
        • Australia Smart Glass Market, By Application
        • India Smart Glass Market, By Technology
        • India Smart Glass Market, By Application
        • South Korea Smart Glass Market, By Technology
        • South Korea Smart Glass Market, By Application
        • Rest of Asia-Pacific Smart Glass Market, By Technology
        • Rest of Asia-Pacific Smart Glass Market, By Application
    • Rest of the World
      • Rest of the World Smart Glass Market, By Country
      • Rest of the World Smart Glass Market, By Technology
      • Rest of the World Smart Glass Market, By Application
        • Brazil Smart Glass Market, By Technology
        • Brazil Smart Glass Market, By Application
        • South Africa Smart Glass Market, By Technology
        • South Africa Smart Glass Market, By Application
        • Saudi Arabia Smart Glass Market, By Technology
        • Saudi Arabia Smart Glass Market, By Application
        • Turkey Smart Glass Market, By Technology
        • Turkey Smart Glass Market, By Application
        • United Arab Emirates Smart Glass Market, By Technology
        • United Arab Emirates Smart Glass Market, By Application
        • Others Smart Glass Market, By Technology
        • Others Smart Glass Market, By Application

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.1.1.    Surging Demand for Smart Glass-based Products

3.2.1.2.    Favorable Administrative Initiatives for Green Building Proposals

3.2.1.3.    High Adoption in the Transportation Sector

3.2.2.  Restraints

3.2.2.1.    High Acquisition Cost of Smart Glass Solutions

3.2.2.2.    Lack of Patents and Adequate Technical Expertise

3.2.2.3.    Lack of Awareness

3.2.3.  Opportunities

3.2.3.1.    Emerging Markets to Offer Lucrative Growth Opportunities

4.       Smart Glass Market by Technology

4.1.       Introduction

4.2.       Global Smart Glass Sales, Revenue and Market Share by Technology (2014-2017)

4.2.1.  Global Smart Glass Sales and Sales Share by Technology (2014-2017)

4.2.2.  Global Smart Glass Revenue and Revenue Share by Technology (2014-2017)

4.3.       Smart Glass Market Assessment and Forecast, by Technology, 2014-2023

4.4.       Electrochromic

4.4.1.  Market Assessment and Forecast, by Region, 2014-2023 ($Million)

4.5.       Polymer Dispersed Liquid Crystal (PDLC)

4.5.1.  Market Assessment and Forecast, by Region, 2014-2023 ($Million)

4.6.       Suspended Particle Devices (SPD)

4.6.1.  Market Assessment and Forecast, by Region, 2014-2023 ($Million)

4.7.       Thermochromic

4.7.1.  Market Assessment and Forecast, by Region, 2014-2023 ($Million)

4.8.       Photochromic

4.8.1.  Market Assessment and Forecast, by Region, 2014-2023 ($Million)

5.       Smart Glass Market by Application

5.1.       Introduction

5.2.       Global Smart Glass Sales, Revenue and Market Share by Application (2014-2017)

5.2.1.  Global Smart Glass Sales and Sales Share by Application (2014-2017)

5.2.2.  Global Smart Glass Revenue and Revenue Share by Application (2014-2017)

5.3.       The Smart Glass Market    Assessment and Forecast, by Application, 2014-2023

5.4.       Architectural

5.4.1.  Market Assessment and Forecast, by Region, 2014-2023 ($Million)

5.5.       Transportation

5.5.1.  Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

5.5.2.  Market Assessment and Forecast, by Region, 2014-2023 ($Million)

5.5.3.  Automotive

5.5.3.1.    Market Assessment and Forecast, by Region, 2014-2023 ($Million)

5.5.4.  Aircraft

5.5.4.1.    Market Assessment and Forecast, by Region, 2014-2023 ($Million)

5.5.5.  Marine

5.5.5.1.    Market Assessment and Forecast, by Region, 2014-2023 ($Million)

5.6.       Consumer electronics

5.6.1.  Market Assessment and Forecast, by Region, 2014-2023 ($Million)

5.7.       Power generation

5.7.1.  Market Assessment and Forecast, by Region, 2014-2023 ($Million)

6.       Smart Glass Market by Region

6.1.       Introduction

6.2.       Smart Glass Market    Assessment and Forecast, by Region, 2014-2023 ($Million)

6.3.       Global Smart Glass Sales, Revenue and Market Share by Regions

6.3.1.  Global Smart Glass Sales by Regions (2014-2017)

6.3.2.  Global Smart Glass Revenue by Regions (2014-2017)

6.4.       North America

6.4.1.  North America Smart Glass Sales and Growth Rate (2014-2017)

6.4.2.  Market Assessment and Forecast, by Country, 2014-2023 ($Million)

6.4.3.  Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.4.4.  Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.4.5.  U.S.

6.4.5.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.4.5.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.4.6.  Canada

6.4.6.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.4.6.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.4.7.  Mexico

6.4.7.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.4.7.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.5.       Europe

6.5.1.  Europe Smart Glass Sales and Growth Rate (2014-2017)

6.5.2.  Market Assessment and Forecast, by Country, 2014-2023 ($Million)

6.5.3.  Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.5.4.  Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.5.5.  Germany

6.5.5.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.5.5.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.5.6.  France

6.5.6.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.5.6.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.5.7.  UK

6.5.7.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.5.7.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.5.8.  Italy

6.5.8.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.5.8.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.5.9.  Spain

6.5.9.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.5.9.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.5.10.      Rest of Europe

6.5.10.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.5.10.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.6.       Asia-Pacific

6.6.1.  Asia-Pacific Smart Glass Sales and Growth Rate (2014-2017)

6.6.2.  Market Assessment and Forecast, by Country, 2014-2023 ($Million)

6.6.3.  Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.6.4.  Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.6.5.  Japan

6.6.5.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.6.5.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.6.6.  China

6.6.6.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.6.6.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.6.7.  Australia

6.6.7.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.6.7.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.6.8.  India

6.6.8.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.6.8.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.6.9.  South Korea

6.6.9.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.6.9.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.6.10.      Rest of Asia-Pacific

6.6.10.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.6.10.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.7.       Rest of the World

6.7.1.  Rest of the World Smart Glass Sales and Growth Rate (2014-2017)

6.7.2.  Market Assessment and Forecast, by Country, 2014-2023 ($Million)

6.7.3.  Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.7.4.  Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.7.5.  Brazil

6.7.5.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.7.5.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.7.6.  Turkey

6.7.6.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.7.6.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.7.7.  Saudi Arabia

6.7.7.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.7.7.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.7.8.  South Africa

6.7.8.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.7.8.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.7.9.  United Arab Emirates

6.7.9.1.    Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.7.9.2.    Market Assessment and Forecast, by Application, 2014-2023 ($Million)

6.7.10.      Others

6.7.10.1. Market Assessment and Forecast, by Technology, 2014-2023 ($Million)

6.7.10.2. Market Assessment and Forecast, by Application, 2014-2023 ($Million)

7.       Company Profiles

7.1.       Asahi Glass Co., Ltd. (AGC)

7.1.1.  Business Overview

7.1.2.  Product Portfolio

7.1.3.  Strategic Developments

7.1.4.  Smart Glass Sales, Revenue and Market Share

7.2.       ChromoGenics AB

7.2.1.  Business Overview

7.2.2.  Product Portfolio

7.2.3.  Strategic Developments

7.2.4.  Smart Glass Sales, Revenue and Market Share

7.3.       Corning Incorporated

7.3.1.  Business Overview

7.3.2.  Product  Portfolio

7.3.3.  Strategic Developments

7.3.4.  Smart Glass Sales, Revenue and Market Share

7.4.       DuPont

7.4.1.  Business Overview

7.4.2.  Product  Portfolio

7.4.3.  Strategic Developments

7.4.4.  Smart Glass Sales, Revenue and Market Share

7.5.       e-Chromic Technologies, Inc.

7.5.1.  Business Overview

7.5.2.  Product  Portfolio

7.5.3.  Strategic Developments

7.5.4.  Smart Glass Sales, Revenue and Market Share

7.6.       Gentex Corporation

7.6.1.  Business Overview

7.6.2.  Product  Portfolio

7.6.3.  Strategic Developments

7.6.4.  Smart Glass Sales, Revenue and Market Share

7.7.       Guardian Industries Corp.

7.7.1.  Business Overview

7.7.2.  Product  Portfolio

7.7.3.  Strategic Developments

7.7.4.  Smart Glass Sales, Revenue and Market Share

7.8.       Hitachi Chemical Co., Ltd.

7.8.1.  Business Overview

7.8.2.  Product  Portfolio

7.8.3.  Strategic Developments

7.8.4.  Smart Glass Sales, Revenue and Market Share

7.9.       Innovative Glass Corporation

7.9.1.  Business Overview

7.9.2.  Product  Portfolio

7.9.3.  Strategic Developments

7.9.4.  Smart Glass Sales, Revenue and Market Share

7.10.    Kinestral Technologies, Inc.

7.10.1.      Business Overview

7.10.2.      Product Portfolio

7.10.3.      Strategic Developments

7.10.4.      Smart Glass Sales, Revenue and Market Share

7.11.    LTI Smart Glass, Inc.

7.11.1.      Business Overview

7.11.2.      Product Portfolio

7.11.3.      Strategic Developments

7.11.4.      Smart Glass Sales, Revenue and Market Share

8.       Global Smart Glass Market Competition, by Manufacturer

8.1.       Global Smart Glass Sales and Market Share by Manufacturer (2016-2017)

8.2.       Global Smart Glass Revenue and Market Share by Manufacturer (2016-2017)

8.3.       Top 5 Smart Glass Manufacturer Market Share

8.4.       Market Competition Trend


List of Tables

*You can glance through the list of Tables and Figures when you view the sample copy of Smart Glass Market.


Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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