Smart glasses are useful as they allow optimum customization, and the global smart glass market is witnessing huge demand due to the rise in the construction and automotive industries. According to a Grand View Research report, the estimated global smart glass market size was at $6.59 billion in 2023 and is expected to grow at a growth rate (CAGR) of 9.9% from 2023 to 2030.
What is Driving the Market Expansion?
The efficient use of smart glasses in buildings and vehicles is one of the key driving factors propelling the global smart glass market. Governments worldwide have taken new initiatives to implement regulations aimed at promoting sustainability and reducing carbon emissions. Therefore, construction companies are led to a surge in the construction of green buildings and eco-friendly structures, which heavily utilize smart glass technologies.
Access the Smart Glass Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research
Dynamic Glass or Switchable Glass
Smart glass is also known as dynamic glass or switchable glass. Such glasses have light transmission properties where the glass materials adjust in response to electrical, heat, or light stimuli. This refers to glass controlling the amount of light, heat, and glare that passes through, offering significant energy savings compared to traditional glass.
Growing with Propelling Technologies & Applications
The global smart glass market is segmented based on technology, application, and control mode. In terms of technology, the market is divided into polymer dispersed liquid crystal (PDLC), electrochromic, thermochromic, suspended particle devices (SPD), and photochromic smart glass. The PDLC technology-based smart glasses can switch between transparent and opaque states by applying an electric current, providing privacy and light control in various applications.
- Electrochromic technology implies smart glasses, which have light transmission properties. When an electric current is applied, these glasses allow users to control the amount of light and heat that passes through.
- Suspended Particle Devices (SPD) allow end-users to manage rapid voltage modulations and rely on microscopic particles.
- Thermochromics are used in heat management, especially solar heat, and handle all temperature fluctuations.
- Photochromic technology deals with ultraviolet (UV) rays and transmits lower light by darkening glass and automatically tinting when exposed to direct sunlight.
Among all technologies, Electrochromic technology is widely adopted around the world, especially in industries such as architecture, automotive, and transportation, due to its energy-efficient capabilities and user-friendly controls.
The application of smart glasses is largely used and categorized into architecture, transportation, consumer electronics, and power generation. For instance, the transportation industry, which encompasses automotive, aircraft, and marine applications, is also expected to experience robust market growth.
The increasing demand for fuel-efficient and environmentally friendly vehicles such as electric vehicles (EVs) is fueling the adoption of smart glass in the automotive industry, as it can help reduce environmental impact and improve overall vehicle performance.
Order Your Sample Copy of the Smart Glass Market Size, Share & Trends Analysis Report By Technology (PDLC, SPD, Electrochromic, Thermochromic, Photochromic), By Application, By Control Mode (Rheostats, Remote), By Region, And Segment Forecasts, 2024 - 2030
So How to Control These Smart Glasses?
The global smart glass market is fragmented into three different control modes, which includes rheostats, switches, and remote control.
Rheostats, which allow for continuous adjustment of light transmission, are the most commonly used control mode in the smart glass industry.
However, the switch and remote control segments are expected to grow in the upcoming years as this technology offers end-users more convenience and versatile controlling options at one place.
Asia Pacific Dominates the Market
Geographically, the smart glass market is dominated by the Asia Pacific region as the large scope for emerging economies is witnessing the rapid urbanization, infrastructures, and construction of energy-efficient buildings in countries like China, India, Singapore, South Korea, and Japan.
In the end
The global smart glass market is projected to grow substantially in the coming years, driven by the increasing focus on energy conservation, environmental regulations, and technological advancements in smart glass materials and control systems. As the demand for energy-efficient buildings, Electric vehicles (EVs), and other automobile sectors continues to rise, the smart glass industry is well-positioned to play a crucial role in shaping a more sustainable future.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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