North American Smart Glass Market is expected to foresee significant growth. The US to lead the growth!

• Himanshu Patni
• November 19, 2022
• ELECTRONICS & SEMICONDUCTOR
• Smart Glass Market, Smart Glass Market Growth, Smart Glass Market Share, Smart Glass Market Size, Smart Glass Market Trends
• 0 Comments

The North American smart glass market is expected to register a CAGR of around 12% over the period of 2021-2027. This is mainly due to growing urbanization, the energy-saving capacity of smart glasses followed by the uses of smart glasses in automobile applications, and supportive government initiatives. Moreover, improved health safety along with the decreasing prices of electrochromic glasses will positively stimulate 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.

Based on the 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 quick switching time of electrochromic glass from a clear to dark state and increasing investments in this technology.

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On the basis of 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, mainly attributed to the rising urbanization, use of smart glasses in infrastructures, and government expenditure on infrastructural development.

For a better understanding of the market adoption of smart glasses, the market is analyzed based on its presence in the countries such as the US, Canada, and the Rest of North America. The US accounted for a prominent share of the North American smart glass market in 2020 and is expected to grow at a steady growth rate during the forecast period owing to the responsiveness toward the latest technological advancements and the presence of the key market players in the smart glass market. In addition, increasing energy costs, attractive features of smart glasses such as on-demand privacy or glare-control, and the growing concerns about energy consumption in buildings are some of the most prominent factors driving the growth of this market in the US.

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Some of the major players operating in the North American smart glass market are 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.
North America Smart Glass Market Segmentation

Market Insight, by Technology

• Suspended Particle Display
• Electrochromic Glass
• Liquid Crystals
• Micro Blinds
• NanoCrystals
• Others

Market Insight, by Application

• Construction
• Transportation
• Energy
• Consumer Electronics
• Others

Market Insight, by Country

• US
• Canada
• Rest of North America

Top Company Profiles

• Polytronix Inc.
• PPG Industries Inc.
• Saint-Gobain S.A.
• Pulp Studio Inc.
• RavenBrick LLC
• ChromoGenics AB
• Corning Inc.
• Gentex Corporation
• Nippon Sheet Glass Co. Ltd.
• Research Frontiers Inc.