Smart Window Companies

Smart Window Market Overview

The global smart window market size was valued at USD 5.09 billion in 2022 and is expected to reach USD 14.63 billion by 2032, growing at a CAGR of 11.1% during the forecast period (2023-2032).

Smart windows are innovative glass products that can alter the light transmission in response to the external factors such as voltage, light, or heat. The primary use of smart windows is to enhance optimize lighting conditions, and improve energy efficiency in buildings and vehicles.

The smart windows are installed in the smart building area because they create the capability to save from the heating rate, environment or weather adaptive building shells, and help in proper air-conditioning. The increase in demand for smart buildings, strict regulations by the government to reduce carbon emission and bring efficiency in usage of energy in airconditioning, heating, and lighting are some of the main drivers that boost the growth rate of the smart windows market globally.  The smart window market is anticipated to grow significantly over the next decade due to increasing demand for energy-efficient and environmentally friendly technologies.

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Covid 19 Analysis

The negative impact of the pandemic has led the industries to opt for virtual working and come up with innovative trends and strategies that will help the market emerge from the losses and help the market grow as per the previous set targets and market objectives. Smart windows are witnessing an increase in both the hospitals and the public sector. The main reason behind this growth is that these glasses and windows help in providing privacy and also limit the transmission of both lights and sounds in the place where they are placed in. The need of the hour is to opt for hygienic alternates and maintain proper cleaning cycles.

Smart Window Market Dynamics

Market Drivers

The manufacturers of the automotive and construction sector are focusing on developing modular and technology solutions to target a larger audience base. The Smart Window Market is witnessing an increase in smart glass-based products and encouraging regulations from the government and aviation sector are some of the factors that will strive for the growth of the Smart Window Market at an excellent rate during the forecast period that ends in 2032. The rising influence of the products being designed and launched on a large scale has good prospects to offer to the global market during the forecast period.

Market Restraints

There are some critical aspects that present restraints to the market on the way of its growth during the forecast period that ends in 2023-2032. The Smart Window Market is witnessing issues like lack of awareness, unavailability of material costs, high installation cost, increasing electricity costs, and durability issues as a part of the functional features that are challenging the growth of the Smart Window Market by the end of the forecast period in 2032.

Technology Analysis

The blackout smart glasses on installation help in blocking a huge quantum that is 99.4% of the ultraviolet light and also help in reducing fabric fading. The global market also deals in SPD-type smart glasses that are a result of conjunction with the help of the low emissivity coatings. Through the installation of the smart windows in the building and construction areas, there is a creation of capabilities that will help in saving from the heating rate and will also prevent the environment or the weather from building the adaptive shells, further helping in cooling. Mostly, the demand for smart windows is more in the automotive industry, alongside others like buildings used for personal property and commercial buildings, as well.

Smart Window Market Study Objectives

• To consider the viewpoint of various industry experts and leaders and predict compound annual growth rate and Smart Window Market growth rate by the end of the global forecast in 2032.


• To highlight a competitive market outlook and examine the yield models of key market players, worldwide. To study the revenue potential of the Smart Window Market segments that are functional in various regions across the globe and also, understand whether these have the capability to make a difference to the final market valuation or not.


• To analyze the different Smart Window Market dynamics like trends, drivers, and restraints that are most likely to play a role in helping the market and its different segments growing in the domestic as well as International Market.

Smart Window Market Segment Overview

Smart window market is anticipated to witness significant growth owing to the performance of different market segments. Among these, the transportation segment will be the fastest-growing and also contribute towards Smart Window Market growth more than any other segment as these smart windows are used in manufacturing luxury vehicles. For an amplifying use the market has been segmented into the following on different bases:

• Based on technology, it is Electrochromic Technology, PDLC, SPD, and Photochromic.


• Based on application, it has Architectural and construction, Transportation, Automotive, Aircraft, Marine, Consumer goods, and Power Generation. 

Regional Analysis

North America is the largest market for the Smart Window Market, accounting for more than one-fourth of the total market share in 2022. The region is expected to maintain its significant position throughout the forecast period. North America is anticipated to the lead the growth of the market due to its advanced technological infrastructure and high consumer purchasing power. The growth of the market is also driven by its application in the automotive sector. The growth of the electric vehicle and efficient energy management is driving the growth of the market in the region.

Asia-Pacific is the second-largest market for the Smart Window Market in 2022. The region is expected to witness a fastest CAGR of 12.0 % between 2023 and 2032, driven by rapid urbanization, sustainability initiatives, and increasing regulatory support.

Also, the market for Europe is anticipated to hold substantial market share in 2022. The growth of the market in the region is driven by adoption of smart buildings, rapid application in commercial buildings and growth of the automotive industry.

Smart Window Market Key Player & Competitive Landscape

To get a detailed and profound idea about the Smart window market insights, it is very important to create a competitive environment amongst the different key players at different market locations all around the world. All the market players are competing with each other globally in the international markets by implementing various types of strategies such as product launches and upgrades, mergers and acquisitions, partnerships, etc. The prime players of Smart Window Market include:-

• SAINT-GOBAIN GROUP (FRANCE)RAVENWINDOW (US)


• PPG INDUSTRIES, INC. (US)


• KINESTRAL TECHNOLOGIES, INC. (US)


• GENTEX CORPORATION (US)


• MERCK KGAA (GERMANY)


• PLEOTINT, LLC (US)


• E-CHROMIC TECHNOLOGIES, INC. (US)


• CHROMOGENIC AB (SWEDEN)


• AGC, INC. (JAPAN)


• HITACHI CHEMICAL CO., LTD (JAPAN)


• NIPPON SHEET GLASS CO., LTD (JAPAN)


• INNOVATIVE GLASS CORPORATION (US)


• GLASNOVATIONS LTD. (UK)


• HELIOTROPE TECHNOLOGIES (US)


• SAGE ELECTROCHROMICS, INC. (US)


• SCIENSTRY (US)


• STELLARIS (US)


• VIEW INC. (US)


• VISTA WINDOW COMPANY (US)

Recent Developments

SAINT-GOBAIN GROUP-

• October 2023: Launched a new line of self-tinting smart windows with improved energy efficiency and faster response times.


• December 2023: Partnered with a major construction company to implement smart windows in a large-scale commercial building project.

RAVENWINDOW-

• September 2023: Introduced a new electrochromic smart window technology with enhanced dimming capabilities for residential applications.


• November 2023: Secured funding from a venture capital firm to expand their manufacturing capacity and product offerings.

PPG INDUSTRIES, INC.-

• August 2023: Developed a new transparent photovoltaic film that can be integrated into smart windows for on-site energy generation.


• December 2023: Collaborated with a leading electric vehicle manufacturer to explore the use of smart window technology in car sunroofs.

KINESTRAL TECHNOLOGIES, INC.-

• October 2023: Announced a breakthrough in material science leading to more durable and color-neutral electrochromic smart windows.


• June 2023: Won a contract to supply their smart windows for a prestigious architectural project in Dubai.

Intended Audience

• Smart window companies


• Smart window providers


• System integrators and third-party vendors


• Government bodies


• Technology investors


• Research institutes and organizations


• Market research and consulting firms


• End-users/enterprise-users


• Managed service providers (MSPs)


• Value-added resellers (VARs)

Report Overview

The Smart window market report presents a shift analysis that includes market drivers, opportunities, and restraints that are available in the global market. The Smart Window Market report helps in predicting the CAGR rate of growth and also the value at which the market will be evaluated by the end of the forecast period in 2027 based on the points raised by the industry leaders and experts. The report discusses the impact of covid-19 on the key players of this market. The report also tells about the market segmentation on a different basis and how a competitive environment is developed among the key players around the globe. At last, the report presents some recent developments in this industry.