Switchable Smart Glass Market : Current Analysis and Forecast (2022-2030)

Report Description

The Switchable Smart Glass market was valued USD 5 Bn in year 2021 and it is expected to grow at a strong CAGR of 20.5% during the forecast period (2022-2030) owing to the rising need to achieve a net zero emission target which has surged the demand for sustainable assets in end-user industries. Moreover, factors such as growing demand for energy-cost-saving commercial and residential buildings coupled with favorable government initiatives that are encouraging consumers to invest in energy-efficient devices are driving the market size of Switchable Smart Glass.

Moreover, various key players and companies are getting involved in switchable smart glass manufacturing owing to its growing adoption in various automobiles. For instance, Boeing 787 Dreamliner uses smart glass so that the passengers and the in-flight crew can select the amount of sunlight coming through to their liking.

Some of the major players operating in the market include Saint Gobain, View Inc., AGC Inc. (SunEwat), Polytronix Inc, Vision Systems, Merck, Sage Glass, Gauzy, AIS SWYTCHGLAS, Innovative Glass.

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 type, the PDLC segment held a dominating share of the market in 2021”

Based on type, switchable smart glass is segmented into suspended particle devices, electrochromic windows, polymer-dispersed liquid crystal, and hydrogen-based windows. The polymer-dispersed liquid crystal segment caters to the highest share of the market and is expected to grow at a considerable rate in the forecasted period as well.  The PDLC can be applied as PDLC films in the existing glass or engineered into glass end products such as switchable smart windows, displays, and consumer electronics that provide privacy, security and energy efficiency to the buildings.

“Amongst end-user, the construction segment held the majority share of the market in 2021”

Based on end-user, the switchable smart glass is segmented into automotive, construction, aerospace, and others. The construction sector caters extensive share of the market owing to the rising need to reduce greenhouse emissions escalating the demand for energy-efficient assets in the residential and commercial sectors. Further, the increasing emissions from the buildings are catering significant share of overall greenhouse gas emissions which in turn creates extensive opportunities for switchable smart glass to install in skyscrapers, residential, and commercial buildings to enhance energy efficiency and reduce overall cost as well.

“Asia Pacific Caters Considerable Share in the Switchable Smart Glass Market in 2021”

Asia Pacific acquired an extensive share of the switchable smart glass market. The market has been gaining significant traction due to the surging demand for energy cost savings in high-end commercial offices and residential spaces in Asia Pacific. With a growing focus on sustainable development, an increasing number of people have been opting for user-controlled windows in buildings. Switchable Smart Glass manufacturers have been actively investing in research and development to cut production costs by implementing newer technologies and low-cost raw materials.  Moreover, most of the switchable smart glass growth in the region is expected to be observed in the building sector, taking advantage of the significant cost savings and energy efficiency, and providing privacy by turning transparent to opaque.  Furthermore, the growing deployment of green buildings to enhance sustainability and reduce greenhouse emission gasses in various countries is expanding the demand for Switchable Smart Glass in the region.

Switchable Smart Glass Market Report Coverage

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 portfolios, 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.

Customization Options:

The global Switchable Smart Glass market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Switchable Smart Glass Market Analysis (2022-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global Switchable Smart Glass market were the three major steps undertaken to create and analyze the adoption of Switchable Smart Glass in major regions globally. 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 global switchable 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 Switchable 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 Switchable 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 are included in the report as type and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models 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 switchable smart glass market. Further, we conducted factor analysis using dependent and independent variables such as type and end-user of the switchable smart glass market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Switchable Smart Glass market sector across the globe.

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 global switchable 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., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. 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 Switchable Smart Glass market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global switchable smart glass market in terms of product 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, 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 in Different Regions

Market Engineering

The 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 global switchable smart glass market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type and end-user in the global switchable smart glass market.

The main Objective of the Global Switchable Smart Glass Market Study

The current & future market trends of the global Switchable Smart Glass market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends 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 from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Switchable Smart Glass 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 the type and end-user.
• Define and analysis of the regulatory framework for the switchable smart glass
• 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 Switchable Smart Glass market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the Switchable 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

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team