Smart Glass Market Growth Accelerated by Smart Features Integration


Smart glass, also known as switchable glass or electrochromic glass, is a novel technology that enables variable light transmission in windows and skylights, thereby reducing energy consumption in buildings. Smart glass products offer advantages like enhancing user comfort through automatic control of heat and light transmission according to surrounding environment and also minimizes cooling, heating and lighting costs. Smart glass technology is garnering attention across industries for its ability to create sustainable and energy efficient solutions. The global Smart Glass Market is estimated to be valued at US$ 6.44 Bn in 2024 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:

One of the key trends driving the growth of the smart glass market is the increasing integration of smart features in glass panels. Earlier smart glass technology only had the ability to change its light transmission property. However, recent advancements allow integration of advanced connectivity, sensors and networking capabilities in glass panels. This enables applications beyond daylighting control including smart home automation, indoor navigation, smart surveillance and more. The combination of intelligently controlled optics with communication and computing functions opens up new application opportunities for smart glass across various industries. Innovation in integration of technologies is expanding use cases and propelling higher demand of smart glass products.

Segment Analysis
The global smart glass market size is dominated by the electrochromic sub segment which holds around 60% of the total market share. Electrochromic glass is popular as it offers advantages like automatic dimming and light control without the need for an external power source which makes it an efficient option across residential as well as commercial sectors.

Key Takeaways
The global smart glass market is expected to witness high growth over the forecast period. Factors such as rising infrastructure development across countries and growing demand for energy efficient smart buildings will boost the market expansion.

Regional analysis: North America holds the largest share in the smart glass market owing to high adoption across residential as well as commercial sectors in countries like United States and Canada. Asia Pacific is expected to grow at the fastest pace during the forecast period supported by rapid infrastructural activities and rising consumer electronics sector in emerging economies of China and India.

Key players operating in the smart glass market are Intel Corporation, Broadcom Inc., Mellanox Technologies (now part of NVIDIA), Cisco Systems Inc., Juniper Networks Inc., Hewlett Packard Enterprise (HPE), Dell Technologies Inc., Huawei Technologies Co. Ltd., Arista Networks Inc., Extreme Networks Inc., Juniper Networks Inc., Marvell Technology Group Ltd., Fujitsu Limited, NEC Corporation, Microchip Technology Inc.

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