North America Smart Glass Market: Current Analysis and Forecast (2021-2027)
$3999 – $6999
Emphasis on Technology (Suspended Particle Display, Electrochromic Glass, Liquid Crystals, Micro Blinds, Nanocrystals, and Others); Application (Construction, Transportation, Energy, Consumer Electronics, and Others); and Country
The North American smart glass market is expected to register a CAGR of around 12% over the period of 2021-2027. The market is rising on account of the growing urbanization, the energy-saving capacity of smart glasses, uses of smart glasses in automobile applications, and supportive government initiatives. Moreover, improved health safety followed by decreasing prices of electrochromic glasses is positively stimulating the industry landscape. The term smart glasses refer to devices that include screen-based technology that can be projected onto a lens, or devices that are separate components that present information to the user without distraction when not needed. Smart glasses are used in a variety of ways such as application development, information visualization, image data analysis, data processing, navigation, information transmission and exchange, risk detection, and warning.
Polytronix Inc., PPG Industries Inc., Compagnie de Saint-Gobain S.A., Pulp Studio Inc., RavenBrick LLC, ChromoGenics AB, Corning Inc., Gentex Corporation, Nippon Sheet Glass Co. Ltd., and Research Frontiers Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst technology, the electrochromic segment held a prominent share in the market in 2020”
On the basis of technology, the market is segmented into suspended particle display, electrochromic glass, liquid crystals, micro blinds, nanocrystals, and others. Among these, the electrochromic segment held a prominent share of the North American smart glass market in 2020 and is expected to witness substantial growth during the forecast period owing to the benefits associated with the electrochromic glasses such as high UV and IV ray cutoff rates, low operating voltage, and the ability to easily integrate into large glass plates.
“Amongst application, smart education held a prominent share in the market in 2020”
Based on the application, the market is categorized into construction, transportation, energy, consumer electronics, and others. The construction segment captured a significant share of the North American smart glass market in 2020 and is anticipated to witness strong growth during the forecast period, primarily due to the increasing use of smart glasses in infrastructures, and government expenditure on infrastructural development.
“The US to witness significant growth during the forecast period”
The US held a prominent share of the North American smart glass market in 2020 and is expected to showcase prominent growth during the forecast period as well. This can be attributed to the infrastructural development in the country and the quick adoption of new technologies. In addition, the strict implementation of the Green Buildings Act and increasing investment of the US government in infrastructure projects are some of the prominent factors driving the growth of the market. For instance, in July 2022, the President of the US and the bipartisan group announced an agreement on the details of a one-time investment in infrastructure, which was immediately considered in the Senate. The law includes approximately US$ 550 billion in new federal investment in US roads and bridges, water infrastructure, resilience, and more.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.4.||Currency used in Report|
|2.1.||Research Process of the North America Smart Glass Market|
|2.2.||Research Methodology of the North America Smart Glass Market|
|2.5.||Main Objective of the North America Smart Glass Market Study|
|5||NORTH AMERICA SMART GLASS MARKET COVID-19 IMPACT|
|6||NORTH AMERICA SMART GLASS MARKET REVENUE (USD BN), 2019-2027F|
|7.1.||Suspended Particle Display|
|9.3.||Rest of North America|
|11||NORTH AMERICA SMART GLASS MARKET OPPORTUNITIES|
|12||NORTH AMERICA SMART GLASS MARKET TRENDS|
|13||LEGAL & REGULATORY FRAMEWORK|
|14.1.||Demand Side Analysis|
|14.2.||Supply Side Analysis|
|14.2.1.||Top Product Launches|
|14.2.2.||Top Business Partnerships|
|14.2.3.||Top Business Expansions|
|14.2.4.||Top Merger and Acquisitions|
|15||VALUE CHAIN ANALYSIS|
|16.1.||Porters Fiver Forces Analysis|
|16.1.1.||Bargaining Power of Buyer|
|16.1.2.||Bargaining Power of Supplier|
|16.1.3.||Intensity of Rivalry|
|16.1.4.||Threats of New Entrant|
|16.1.5.||Threat of Substitute|
|17.2.||PPG Industries Inc.|
|17.3.||Compagnie de Saint-Gobain S.A.|
|17.4.||Pulp Studio Inc.|
|17.9.||Nippon Sheet Glass Co. Ltd.|
|17.10.||Research Frontiers Inc.|
Research Methodology for the North America Smart Glass Market Analysis (2021-2027)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the smart glass market in North America were the three major steps undertaken to create and analyze the adoption of smart glass in major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the North American smart glass market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the North American smart glass market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the North American smart glass market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report the technology and application. Further country-level analyses were conducted to evaluate the overall adoption of in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the smart glass market. Further, we conducted factor analysis using dependent and independent variables such as various technology and application of smart glasses. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the smart glass market sector across North America.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the North American smart glass market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets regionally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the smart glass market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the North American smart glass market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants of Key Stakeholders and Country
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the North American smart glass market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the technology and application in the North American smart glass market.
The main objective of the North American Smart Glass Market Study
The current & future market trends of the North American smart glass market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the smart cities market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of technology and application
- Define and analysis of the regulatory framework for the smart glass market industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the smart glass market for the major region
- Major countries of the region studied in the report include US, Canada, Mexico, and the Rest of North America
- Company profiles of the smart glass market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry