The global residential and commercial smart glass market size is expected to reach USD 58248.1 million in 2024. The sector is estimated to grow at a CAGR of 12.4% during the forecast period. The sector is projected to attain a value of USD 187475.7 million by 2034.
Technological advancements in smart glasses, including integration of voice assistant, self-cleaning properties, and improved energy efficiency are likely to make these attractive to consumers. Increasing concerns about climate change and energy efficiency are also fueling demand for smart glasses.
It is owing to the ability to reduce energy consumption. Governments across the globe are rolling out initiatives promoting green building programs. These are set to include tax breaks and subsidies for construction companies for incorporating smart glass technologies in novel constructions.
| Attributes | Description |
|---|---|
| Estimated Global Residential and Commercial Smart Glass Market Size (2024E) | USD 58248.1 million |
| Projected Global Residential and Commercial Smart Glass Market Value (2034F) | USD 187475.7 million |
| Value-based CAGR (2024 to 2034) | 12.4% |
As companies and homeowners become aware of the benefits of smart glasses, they are likely to adopt these in their houses and construction projects, thereby spiking demand. As technology advances and production scales up, smart glasses are expected to become affordable and an attractive solution for numerous applications.
Their wide availability will likely be a prominent aspect of the expansion of the market. Increasing focus on aesthetics is primarily driving demand for smart gasses. This is owing to their ability to enhance the architectural appeal of residential and commercial buildings by giving these a sleek, contemporary look.
Smart glasses can further provide instant privacy control without compromising on natural light. This feature is particularly useful for conference rooms and restrooms. These glasses enhance occupant well-being by regulating heat gain and glare, thereby granting access to natural light, and aligning with the expanding wellness trends in building designs.
High initial cost is hampering the wide adoption of smart glasses, compared to standard glasses. Additional demonstration is required to confirm the long-term performance and durability of smart glass technologies. Integrating smart glass solutions in existing building systems is anticipated to require additional investment.
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Surging Demand for Energy-efficient Smart Glass Solutions
Individuals are increasingly becoming aware of the environmental and financial advantages of using energy-efficient products. Smart glasses are hence becoming a popular choice among consumers as these can significantly decrease energy consumption by reducing the requirement for heating and cooling systems along with artificial lighting.
Governments across the globe are incentivizing people to adopt energy-efficient products. These incentives are likely to help make smart glasses an attractive option among consumers. Advancements in smart glass technologies are leading to the development of novel products that are highly energy-efficient. Sustainable building practices are gaining traction.
Smart glasses are considered an integral part of these buildings as they can reduce the energy footprint of a building and make the occupants' surroundings comfortable. Rising demand for smart glasses in the coming decade is expected to spur the development of energy-efficient and cost-competitive glass products.
Rapid Technological Advancements like Self-cleaning and Biometric Features
The residential and commercial smart glass sector is witnessing a boom in technological advancements, thereby pushing the boundaries for what’s possible in the industry. Manufacturers are focusing on research efforts to develop efficient and responsive electrochromic materials.
It can result in swift tint adjustments, enhanced durability, and a broad spectrum of color options for smart glasses. Innovations in suspended particle display (SPD) are expected to lower production costs while enhancing energy efficiency. This is likely to make SPD smart glasses a preferred choice for various applications.
Integrating self-cleaning and self-regulating properties in smart glasses can decrease maintenance costs and improve the long-term functionality of products. Smart glasses are being integrated with IoT and advanced sensors to enhance user comfort.
Biometric design is being used to mimic natural systems for optimal performance. Smart glasses with adjustable light and temperature control features are projected to revolutionize greenhouse technology, thereby enabling optimized growing conditions for various plants.
Rising Trend for Enhanced Comfort and Convenience in the Industry
There is a rising emphasis on comfort and convenience in the industry. Manufacturers are rolling out personalized and adjustable smart glasses that can assist in making living and working spaces comfortable, cozy, and welcoming.
Consumers are adopting smart glasses as these provide privacy while allowing them to switch between transparent and opaque states with just a command. In offices, these glasses can develop a stimulating environment for workers, thereby boosting their productivity.
Smart glasses also facilitate the adaption between open and collaborative to private meeting areas with a simple touch of a button. These further assist in creating a dynamic shopping experience across retail stores.
The global residential and commercial smart glass sector size was USD 38417.9 million in 2019. The sector grew at a CAGR of 6.9% from 2019 to 2023. The report suggests that the industry was valued at USD 53596 million in 2023. This growth was attributed to increasing environmental concerns spiking the demand for building solutions that could lower energy consumption.
The historical period experienced various technological investments in the smart glass sector, making these highly versatile and appealing. Increasing disposable income played a prominent role in fueling the demand for luxurious and innovative home features such as smart glasses. The potential of smart glasses to support LEED certification and other green building standards became a crucial factor for a few projects.
The forecast for the residential and commercial smart glass industry anticipates the sector to reach a value of USD 58248.1 million in 2024. It is expected to grow at a CAGR of 12.4% throughout the forecast period to reach a projected size of USD 187475.7 million by 2034.
Smart glass reduces dependence on artificial lighting, air conditioning, and heating by offering superior insulation and control over natural light. This results in significant energy cost savings, which is a prominent driver for residential and commercial applications.
The innovation of responsive electrochromic materials that can automatically alter colors based on ambient light is emerging as a prominent trend in the industry. Integration of IoT with smart glasses allows for seamless control via smartphones or building management systems.
The glasses cater to the increasing desire for intelligent and customized living and working environments. The industry is witnessing a diversification of applications across various industries.
Principal Consultant
Key features of Tier 1 companies are stability and brand awareness. These organizations compose a significant share of the sector. Businesses deploy modern technologies in production procedures to boost output. They also boast an extensive product portfolio and vast production facilities spread across several regions. Saint-Gobain, Asahi Glass Co. (AGC), Corning Incorporated, Gentex Corporation, and Guardian Industries are a few industry giants from Tier 1.
Companies functioning in particular locations make up a significant portion of Tier 2. These firms have a substantial influence on the local economy and are well-known in global industries. These companies possess an abundance of industrial experience. Notable businesses in Tier 2 include View, Inc., PGT Innovations, Pleotint LLC, Polytronix, Inc., and Kinestral Technologies.
Tier 3 consists of regionally based medium-to-small-sized firms. These enterprises cater to a particular geographic location and serve specific industries. They are less structured and formalized compared to the industry giants from Tier 1 and Tier 2. Their limited industry reach results in less competition. Smartglass International, RavenBrick LLC, Research Frontiers Inc., and Scienstry, Inc. constitute a significant portion of Tier 3.
The section below offers a detailed analysis of the residential and commercial smart glass industry by county. It offers insights into the industry trends, dynamics, opportunities, and challenges specific to each country.
The examination comprises key factors, potential challenges, and the market forecast influencing demand, production, and consumption in specific countries. This analysis aims to assist businesses make informed decisions and create effective strategies customized to individual industries of the country.
India is expected to emerge as a dominating country in the sector during the forecast period with a projected CAGR of 18.4% by 2034. China, Spain, and France are anticipated to follow closely to become significant countries in the industry with projected CAGRs of 13.8%, 9.2%, and 8.6%, respectively.
| Countries | CAGR 2024 to 2034 |
|---|---|
| India | 18.4% |
| China | 13.8% |
| Spain | 9.2% |
| France | 8.6% |
| Italy | 8% |
India's economy is rapidly growing, resulting in a rise in disposable income in the country. This equates to an increasing demand for innovative and luxury home features among affluent homeowners in the country. Urbanization in the country is propelling a spike in the construction of contemporary and sustainable buildings. Smart glasses offer various advantages that align with this trend.
Luxury apartments and exclusive residential projects are becoming immensely popular in India. Projects like these are expected to benefit from adding smart glasses to amenities, thereby making these attractive to potential buyers.
Rising emphasis on sustainability has made citizens of India conscious of leading sustainable lives. Eco-conscious consumers are finding smart glasses intriguing owing to their contributions to energy savings and reduced reliance on air conditioning and heating.
China is a global leader in glass manufacturing. The country has vast production facilities for smart glass components. Its robust manufacturing base allows for a potentially lower production cost, strengthening the country’s position in the global market.
The country’s government is promoting green building initiatives and smart technologies. This involves rolling out programs that incentivize the adoption of smart glass technology. Rapid urbanization in the country has created a huge market for smart glass technology as it can satisfy the growing requirement for modern amenities among consumers. The country has a strong focus on technological innovations.
It is progressively promoting investments in research and development activities of smart glass technologies. This is likely to result in fast innovation and the creation of low-cost solutions in the country.
The rising middle-class population in the country is also driving demand for luxury living spaces with modern amenities. Smart glasses are projected to be used as a USP for such premium residential projects.
Government initiatives promoting sustainable construction and energy efficiency are incentivizing the adoption of smart glasses across Spain. The nation has ambitious goals regarding its energy efficiency and smart glass can contribute significantly to achieve these.
The country is currently undergoing a renovation wave for building structures. Smart glasses have proved to be a valuable upgrade for the restoration of these buildings. The country’s thriving tourism industry is fueling the demand for smart glasses in hotels and resorts. These glasses are set to help improve visitor comfort through features like glare reduction and increased privacy while assisting in meeting energy-saving targets.
Companies and homeowners in Spain are showing increased interest in contemporary features that enhance comfort, convenience, and aesthetics. These goals align well with smart glasses that provide a fusion of design and utility. The country has a favorable climate for the utilization of smart glasses, leading to high adoption rates as consumers look for solutions to regulate indoor temperatures and enhance comfort.
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The section below provides businesses with insightful data and analysis of the two leading segments of the target sector. The segmentation of these categories allows organizations to understand the dynamics of the industry and invest in the beneficial zones.
By analyzing the trends, opportunities, and challenges present in the field, organizations can get a thorough understanding of the growth of the industry. This analytical data is likely to help companies navigate the complex business environment and make informed decisions.
Based on technology type, electrochromic is dominating the category with a value share of 39.4% in 2024. Residential is emerging as the leading end-user with a value share of 54.8% in the same year.
| Segment | Electrochromic (Technology Type) |
|---|---|
| Value Share (2024) | 39.4% |
Electrochromic glass is expected to lead the technology type segment with a value share of 39.4% in 2024. This type allows for precise control over transparency, thereby enabling users to adjust the tint to their preferred degree and giving them ideal control over heat and light.
The glasses can cut down on energy consumption by regulating the degree of heat and sunlight coming through a structure, resulting in reduced heating and cooling expenses. These also enhance the well-being of occupants by automatically adjusting to reduce glare and maintain comfortable indoor temperatures.
The technology is projected to be incorporated into numerous applications to offer a diverse range of design possibilities, including windows, skylights, partitions, and facades. Electrochromic glass, compared to other substitutes, is well known for high strength and longevity.
| Segment | Residential (End-user) |
|---|---|
| Value Share (2024) | 54.8% |
The residential sector is witnessing a robust demand for smart glasses with a value share of 54.8% in 2024. This surge in demand can be attributed to the rising interest of homeowners in innovative technologies that enhance security and comfort while ensuring energy efficiency.
Smart glasses provide a unique combination of these benefits. These are regarded as luxury elements in high-end residential projects, attracting homeowners seeking to improve their living spaces.
The glasses have diverse applications in homes and offer a lot of potential benefits. Currently, these are still expensive. Residential projects may have the flexibility to adopt these, particularly for luxury homes. Compared to commercial buildings, the residential sector is likely to get a quicker return on investment (ROI), owing to its vast advantages.
Key players in the industry, including Gentex Corporation, Asahi India Glass Limited, Glass Apps, LLC, and Kinestral Technologies, Inc. are working toward providing customizable smart glass solutions to meet particular demands. These features include tint adjustment, integration with smart home systems, and a few self-cleaning properties.
Manufacturers are consistently investing in research and development activities to create efficient and cost-competitive materials for smart glasses. This involves researching electrochromic or suspended particle display (SPD) technologies.
Companies understand that the future lies in the seamless integration of smart home devices with the existing building systems. These players are hence in the process of innovating smart glasses for voice control, improved user experience, and automated adjustments based on environmental conditions.
Manufacturers are targeting specialized markets for smart glasses beyond traditional uses. A few players are exploring their uses in smart shower enclosures skylights, commercial space partitions, and greenhouses. This diversification targets specific consumer categories and assists in creating additional revenue streams.
Companies are further deploying competitive strategies, including collaborations with construction firms, design businesses, and architects to pave the way for novel project opportunities and accelerate the adoption of smart glass technologies.
Industry players are also increasingly focusing on optimizing production procedures and exploring substitute materials to bring down the upfront cost of smart glass solutions, thereby making these accessible to a wide range of consumers.
Industry Updates
Based on technology type, the sector is divided into electrochromic, thermochromic, and photochromic.
By end-use, the sector is segmented into residential and commercial. The residential segment is further divided into smart windows and doors, smart glass partitions, smart shower glass, and smart glass walls. The commercial category is segregated into commercial buildings, automobiles, aircraft, marine, consumer electronics, and others.
The sector is spread across North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe, and the Middle East and Africa.
The sector is estimated to reach USD 58248.1 million in 2024.
The sector is set to reach USD 187475.7 million by 2034.
Gentex Corporation, Asahi India Glass Limited, and Glass Apps, LLC.
India is anticipated to lead with a CAGR of 18.4% through 2034.
The sector is projected to grow at a CAGR of 12.4%.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Technology Type 6.2. End Use 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology Type 7.1. Electrochromic 7.2. Thermochromic 7.3. Photochromic 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 8.1. Residential 8.1.1. Smart Windows and Doors 8.1.2. Smart Glass Partitions 8.1.3. Smart Shower Glass 8.1.4. Smart Glass Walls 8.2. Commercial 8.2.1. Commercial Buildings 8.2.2. Automobiles 8.2.3. Aircraft 8.2.4. Marine 8.2.5. Consumer Electronics 8.2.6. Others 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. South Asia 9.5. East Asia 9.6. Eastern Europe 9.7. Middle East and Africa 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Sales Forecast 2024 to 2034 by Technology Type and End Use for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Gentex Corporation 19.2. Asahi India Glass Limited 19.3. Glass Apps, LLC 19.4. Kinestral Technologies, Inc. 19.5. NODIS Pte Ltd. 19.6. Polytronix, Inc. 19.7. RavenBrick LLC 19.8. Scienstry Inc. 19.9. Smart Glass Technologies Inc. 19.10. ToughGlaze (UK) Ltd
Chemicals & Materials
February 2023
REP-GB-167
325 pages
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Residential and Commercial Smart Glass Market
