The Smart Switchable Glass Market Size was valued at USD 44.8 Billion in 2022 and is anticipated to reach USD 86.7 Billion  by 2032 with a CAGR of 6.9% from 2023 to 2032.

Smart/switchable glass is a cutting-edge product. Its opacity levels may be easily controlled by using the right voltage, heat, or light. The glass's characteristics can shift from translucent to transparent. It can also be manufactured to filter certain wavelengths of sunlight while allowing others to pass through quite easily. Because smart/switchable glass is primarily used for privacy, it is also known as privacy glass. Smart/switchable glass is a type of specialty glass that may change color or temperature based on the outside temperature or by remote control. It allows users to manage light, heat, and glare in their rooms manually or automatically. Smart glass is suitable for both home and commercial use since it can change from clear to dark in seconds. Its unique appearance makes it suitable for use as room dividers or privacy in hospitals, showrooms, and boardrooms.

Smart Switchable Glass Market Dynamics

The smart/switchable glass market is being fueled by a growing construction industry and increased investment in infrastructure projects. These glasses are utilized in the design of smart facades, skylights, and smart windows in buildings, providing a unique, dynamic aesthetic as well as control over privacy within the premises, particularly in office areas and hospital walls. The need for smart construction materials is predicted to rise as consumer spending in emerging nation’s rises, allowing people to live in style. Increased expenditure on renovation and remodeling activities are also contributing to the smart/switchable industry's growth throughout the projection period of 2021 to 2028. Changing lifestyles in terms of improved home technology, safety, and security enhancements, followed by handy components such as climate control and smart lighting, will drive market growth globally. Building codes are growing more stringent as structures become glassier, and building owners are placing a greater emphasis on energy efficiency. Smart glass increases passenger comfort and happiness while improving energy efficiency.

However, the high cost of smart glass is a major hindrance to market growth. In addition, the global smart/switchable glass market has been severely harmed by declining vehicle sales and fewer investments in the residential construction sector in FY 2020. Furthermore, decreased consumer spending capacity and an emphasis on spending money on vital goods and services has reduced demand for specialty items such as smart/switchable glass. As a result, the COVID-19 pandemic has had a significant negative impact on the industry's growth.

The advent of smart glass technology in the automotive industry is expected to create numerous growth prospects for the market in the coming years. Smart glass offers a wide range of uses in any automobile, including rear and side view mirrors, sunroofs, windshields, backlights, and sidelights, indicating that smart glass in automobiles have a bright future. There is also safety rules pertaining to the glass used in automobiles these days, which leads to a growth in the use of smart glasses in order to comply with regional norms.

Global Smart Switchable Glass Market Segment Analysis

Smart Switchable Glass Market By Technology

·         Suspended Particle Devices (SPD) Glass

·         Polymer Dispersed Liquid Crystal (PDLC) Glass

·         Electrochromic (EC) Glass

·         Thermochromic

·         Photochromic

·         Others

Suspended particle devices (SPD) glass, electrochromic (EC) glass, polymer dispersed liquid crystal (PDLC) glass, thermochromic, photochromic, and others are the segmentations of technology. Among them, the suspended particle devices (SPD) glass segment is likely to register the fastest growth rate during the forecast period 2023 – 2032. The suspended particle devices (SPD) glass segment is being propelled by factors such as rising demand for smart glass products in the construction sector, the prevalence of stringent government regulations to control risk-oriented incidents, and increasing applications in the healthcare, defense, and entertainment industries, among others. Meanwhile, electrochromic (EC) glass accounted for the majority of the share in 2022.

Smart Switchable Glass Market By End-User Industry

·         Automotive & Transportation

·         Architecture & Construction

·         Electronics

·         Aerospace & Defense

·         Others

Based on end-user industries the market is categorized into architecture & construction, automotive & transportation, aerospace & defense, electronics, and others. Automobile glasses are and will continue to be an important feature of the car in the future. The automotive smart glass market is predicted to increase due to continuous improvements and the adoption of smart glasses. Furthermore, rising consumer spending on high-end automobiles, as well as greater use of smart glass by luxury automakers, are moving the automobile and transportation market forward.

Smart Switchable Glass Market Regional Analysis

The regional smart/switchable glass market is segmented based on North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa (MEA). North America occupied the maximum share in the global smart/switchable glass market in 2022 and is expected to lead the market throughout the forecast period 2023 – 2032. High per capita income, value-added product offers, such as laminated glazing, and building energy conservation rules are all contributing to the expansion. On the other hand, the European region is expected to hold considerable market share due to the huge presence of automobile players. The expansion of manufacturing facilities by major automotive manufacturers in the region, as well as strict energy efficiency laws for the residential sector, are expected to enhance the European smart/switchable glass market sales over the projected period.

Smart Switchable Glass Market Leading Companies

The smart switchable glass market players profiled in the report are AGC Inc., Asahi India Glass Ltd., BSG Glass, Central Glass Co., Ltd., Control Systems, Inc., Essex Safety Glass, GENTEX Corporation, Polytronix, Inc., Saint-Gobain, SPD Schott AG, Scienstry, Inc. and View, Inc.

Smart Switchable Glass Market Regions