Smart Glass Global Market Predicted to Achieve Double-Digit CAGR

May 17, 2018

WELLESLEY, Mass., May 17, 2018 – Technological advancements, improving global conditions and increased uses for smart glass across diverse industry sectors are pushing double-digit growth in the global market for smart glass. In a new report, Global Markets and Technologies for Smart Glass, BCC Research estimates this market to grow at a compound annual growth rate (CAGR) of 12.4% from 2017 to 2022 to reach global revenues of almost $5.1 billion by the end year.

Smart glass is characterized by its ability to change opacity or color when a voltage is applied. This unique behavior has been exploited in numerous applications, ranging from residential and commercial construction and architectural projects to interior design, as well as museum artwork expositions, high-end appliances, advanced displays, automotive mirrors and privacy glass.

The global smart glass market has grown significantly during the past few years, a trend that should continue with even higher growth rates expected. Sales of smart glass products are projected to continue rising, driven by increasing demand for rearview mirrors, dimmable windows and sunroofs in the automotive sector; dimmable windows for civilian aircraft and marine transportation; solar-control and energy-saving windows and privacy glass for the construction sector; and advanced displays for electronics.

Research Highlights

  • Growing demand for smart glass in the building sector is driving smart glass application in the construction industry.
  • Europe is the second-largest market for smart glass products.
  • About one-third of all manufacturers of smart glass products are headquartered in the United States, one-third are in Europe, and the remaining is split between Asia-Pacific and the Rest of the World.

“In 2011, the market for smart glass based products was valued at approximately $1.5 billion. At less than 2% of the primary flat glass market, smart glass represents a relatively small segment of the total glass industry, but as the electronic content of related business sectors increases, so does interest in this technology,” the report states. “Since BCC Research published its last report on this topic in 2015, the global economic conditions have continued to improve, smart glass fabrication processes have evolved and several new applications have been developed.” 

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Global Markets and Technologies for Smart Glass( AVM065D )
Publish Date: May 2018    

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