The global smart glass market is expected to grow at a significant CAGR during the forecast period (2021-2027). Increasing legislative reforms for green buildings, such as LEEDS, the National Green Building Standard, Green Globes, and others, encourage commercial building owners to invest in smart energy-saving solutions like smart glass. Smart glass is in high demand due to the growing number of applications in the sector of transportation. Smart glasses put in autos are expected to give 98% UV protection and 40% solar reduction, making the interiors of the vehicles more comfortable. Aerospace application companies, such as Boing and Airbus, are applying smart glass technology by combining it with IoT systems. Electrochromic windows, for instance, are used on the Boeing 787 Dreamliner jet, which turns completely opaque with the push of a button. This concept is gaining traction among luxury and private jet manufacturers globally, bringing up new market opportunities.
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Click Materials, a Vancouver-based creator of “smart glass,” struck a substantial deal with CardinalGlass, one of the largest makers of residential windows, in May 2020, as it prepares to take on billion-dollar-backed View Inc. Click Materials claims that their windows can save up to 50% on heating and cooling costs and that it can do so while slashing manufacturing costs by up to 60%. Smart glass has a wide range of applications, including sunroofs and exterior and interior automatic dimming rear-view mirrors, particularly in the car industry. Top vehicle manufacturers, such as BMW and Mercedes, have smart glass installations. Mercedes-Benz offers a sophisticated Magic Sky Control panoramic roof with SPD-SmartGlass technology on its S-Class Coupe and other S-Class versions.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Smart Glass Market by Segment
By Type
- Electrochromic
- Suspended Particle Device (SPD)
- Liquid Crystal
- Passive
By End-User
- Automotive
- Architectural
- Avionics Power
Global Smart Glass Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
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