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Smart Glass Market Size To Grow By USD 65.75 Million From 2022 To 2027; Growth Driven By The Implementation Of Automation In The Industrial Sector - Technavio

By PR Newswire

PR Newswire
Overall Rating

NEW YORK, May 30, 2023 /PRNewswire/ -- The smart glass market size is set to grow by USD 65.75 million from 2022 to 2027 progressing at a CAGR of 13.35% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The implementation of automation in the industrial sector is notably driving the smart glass market growth, although factors such as technical limitations and unattractive design may impede the market growth. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and the forecast period (2023-2027). Download Sample Report in minutes!

The report on the smart glass market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Smart Glass Market 2023-2027 - Market Dynamics

Market Drivers

  • Increasing demand from healthcare providers
  • Rising number of skyscrapers
  • Growing use in aircraft

Market Trends

  • Integration with IoT
  • Growing mergers and acquisitions activities and strategic alliances
  • The emergence of smart solar windows

Market Challenges

  • High cost of smart glass
  • Interoperability issue
  • Low adoption in developing countries

Smart Glass Market 2023-2027: Market Segmentation

The smart glass market is segmented by product (developer and commercial), OS (android, windows, and others), end-user (enterprise and individual), and geography (North America, Europe, APAC, Middle East and Africa, and South America).

The market share growth of the developer segment will be significant during the forecast period. The developer segment was valued at USD 28.44 million in 2017 and continued to grow until 2021. By geography, North America is projected to contribute 61% by 2027. One of the major reasons for the dominance of North America in the AR smart glasses market is that the region has always been at the forefront of the adoption of new technologies. 

Insights on the market contribution of various segments, including country- and region-wise data, historic data (2017 to 2021), and forecast market size (2023 to 2027) View Sample Report

The smart glass market covers the following areas:

Smart Glass Market Sizing

Smart Glass Market Forecast

Smart Glass Market Analysis

Companies Mentioned

  • 3M Co.
  • AGC Inc.
  • BASF SE
  • Cardinal Glass Industries Inc.
  • Carlex Glass America LLC
  • ChromoGenics AB
  • Compagnie de Saint Gobain SA
  • Corning Inc.
  • e Chromic Technologies Inc.
  • Eastman Chemical Co.
  • Gentex Corp.
  • Heliotrope Technologies
  • ICE AV Technology
  • Invisishade LLC
  • Krea Ltd.
  • LTI Smart Glass Inc.
  • Nippon Sheet Glass Co. Ltd.
  • PPG Industries Inc.
  • Xinology Co. Ltd.
  • Innovative Glass Corp.

agc.com- The company offers B2C e commerce services such as BENGOO G9000 Stereo Gaming Headset for PS4 PC Xbox One PS5 Controller and other headsets.

atheerair.com- The company offers B2C e commerce services such as Beauty products namely Revlon Salon One Step Volumizer and Hair Dryer Brush in Black or Pink.

elbitsystems.com- The company offers B2C e commerce services such as Laptop and Macbooks.

Related Reports:

AR VR Smart Glasses MarketThe augmented reality (AR) and virtual reality (VR) smart glasses market is estimated to grow at a CAGR of 13.8% between 2022 and 2027. 

Glass Lens Market - The glass lens market is estimated to grow at a CAGR of 3.43% between 2022 and 2027. The size of the market is forecast to increase by USD 8,175.42 million

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Smart Glass Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 18.24%

Market growth 2023-2027

USD 8.72 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

17.32

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 33%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., AGC Inc., BASF SE, Cardinal Glass Industries Inc., Carlex Glass America LLC, ChromoGenics AB, Compagnie de Saint Gobain SA, Corning Inc., e Chromic Technologies Inc., Eastman Chemical Co., Gentex Corp., Heliotrope Technologies, ICE AV Technology, Invisishade LLC, Krea Ltd., LTI Smart Glass Inc., Nippon Sheet Glass Co. Ltd., PPG Industries Inc., Xinology Co. Ltd., and Innovative Glass Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2021 
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments 
    • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
  • 5.2 Comparison by Application 
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Infrastructural development - Market size and forecast 2021-2026 
    • Exhibit 28: Chart on Infrastructural development - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Infrastructural development - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Infrastructural development - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Infrastructural development - Year-over-year growth 2021-2026 (%)
  • 5.4 Transportation - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Transportation - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Transportation - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Transportation - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Transportation - Year-over-year growth 2021-2026 (%)
  • 5.5 Others - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by Application 
    • Exhibit 40: Market opportunity by Application ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 44: Chart on Geographic comparison
    • Exhibit 45: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026 
    • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 UK - Market size and forecast 2021-2026
    • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.12 Japan - Market size and forecast 2021-2026
    • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers 
  • 8.2 Market challenges 
  • 8.3 Impact of drivers and challenges 
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends 

9 Vendor Landscape

  • 9.1 Overview 
  • 9.2 Vendor landscape 
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 3M Co. 
    • Exhibit 93: 3M Co. - Overview
    • Exhibit 94: 3M Co. - Business segments
    • Exhibit 95: 3M Co. - Key news
    • Exhibit 96: 3M Co. - Key offerings
    • Exhibit 97: 3M Co. - Segment focus
  • 10.4 AGC Inc. 
    • Exhibit 98: AGC Inc. - Overview
    • Exhibit 99: AGC Inc. - Business segments
    • Exhibit 100: AGC Inc. - Key news
    • Exhibit 101: AGC Inc. - Key offerings
    • Exhibit 102: AGC Inc. - Segment focus
  • 10.5 BASF SE 
    • Exhibit 103: BASF SE - Overview
    • Exhibit 104: BASF SE - Business segments
    • Exhibit 105: BASF SE - Key news
    • Exhibit 106: BASF SE - Key offerings
    • Exhibit 107: BASF SE - Segment focus
  • 10.6 Cardinal Glass Industries Inc. 
    • Exhibit 108: Cardinal Glass Industries Inc. - Overview
    • Exhibit 109: Cardinal Glass Industries Inc. - Product / Service
    • Exhibit 110: Cardinal Glass Industries Inc. - Key offerings
  • 10.7 Carlex Glass America LLC 
    • Exhibit 111: Carlex Glass America LLC - Overview
    • Exhibit 112: Carlex Glass America LLC - Product / Service
    • Exhibit 113: Carlex Glass America LLC - Key offerings
  • 10.8 ChromoGenics AB 
    • Exhibit 114: ChromoGenics AB - Overview
    • Exhibit 115: ChromoGenics AB - Business segments
    • Exhibit 116: ChromoGenics AB - Key offerings
    • Exhibit 117: ChromoGenics AB - Segment focus
  • 10.9 Compagnie de Saint Gobain SA 
    • Exhibit 118: Compagnie de Saint Gobain SA - Overview
    • Exhibit 119: Compagnie de Saint Gobain SA - Business segments
    • Exhibit 120: Compagnie de Saint Gobain SA - Key news
    • Exhibit 121: Compagnie de Saint Gobain SA - Key offerings
    • Exhibit 122: Compagnie de Saint Gobain SA - Segment focus
  • 10.10 Corning Inc. 
    • Exhibit 123: Corning Inc. - Overview
    • Exhibit 124: Corning Inc. - Business segments
    • Exhibit 125: Corning Inc. - Key offerings
    • Exhibit 126: Corning Inc. - Segment focus
  • 10.11 PPG Industries Inc. 
    • Exhibit 127: PPG Industries Inc. - Overview
    • Exhibit 128: PPG Industries Inc. - Business segments
    • Exhibit 129: PPG Industries Inc. - Key news
    • Exhibit 130: PPG Industries Inc. - Key offerings
    • Exhibit 131: PPG Industries Inc. - Segment focus
  • 10.12 Xinology Co. Ltd. 
    • Exhibit 132: Xinology Co. Ltd. - Overview
    • Exhibit 133: Xinology Co. Ltd. - Product / Service
    • Exhibit 134: Xinology Co. Ltd. - Key offerings

11 Appendix

  • 11.1 Scope of the report 
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 135: Inclusions checklist
    • Exhibit 136: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 137: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 138: Research methodology
    • Exhibit 139: Validation techniques employed for market sizing
    • Exhibit 140: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 141: List of abbreviations 

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio

First published on Wed, May 31, 2023

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