The global smart glass market size was valued at USD 4,651.3 million in 2019 and is projected to reach USD 15,788.0 million by 2027, exhibiting a CAGR of 17.2% during the forecast period. Europe dominated the smart glass market with a market share of 42.88% in 2019. The increasing investments in the research and development of low cost and efficient products will bode well for market growth.

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List of companies profiled in the report:

• Saint-Gobain (France)
• View, Inc. (U.S.)
• GENTEX Corporation (U.S.)
• Polytronix, Inc. (U.S.)
• Smartglass International Limited (Ireland)
• Glass Apps (U.S.)
• Scienstry, Inc. (U.S.)
• AGC Inc. (Japan)
• Research Frontiers (U.S.)
• Essex Safety Glass (UK)
• Gauzy Ltd and Entities (Israel)
• BSG Glass (Thailand)
• Asahi India Glass Ltd. (India)

The increasing integration of smart glasses in the aerospace industry will have a positive impact on market growth. According to a report published by Fortune Business Insights, titled “Smart Glass Market Size, Share & Industry Analysis, By Technology (Polymer Dispersed Liquid Crystal Glass, Suspended Particle Device Glass, Electrochromic Glass, Photochromic Glass, and Thermochromic Glass), Application (Architectural, Automotive & Transportation, Consumer Electronics, Power Generation, and Others), and Regional Forecast, 2025-2032,”

Smart glass is widely used across several industry verticals as a medium of display and other interfaces. The product works on the mechanism of light or voltage transmission wherein it changes its appearance whenever the aforementioned factors are passed or applied through it. The massive investments in the research and development of smart glass are consequential to the increasing applications of the product across diverse industries. The rising adoption and subsequently rising demand for smart homes and the integration of technologically advanced devices will create several growth opportunities for the market in the coming years. Due to the massive potential held by smart glass across the world, there are several companies operating across the world. Ultimately, the fierce market competition results in even more innovations and this will have a positive impact on the growth of the overall market in the coming years.

Decrease in Product Demand during the Covid-19 Pandemic will have a Negative Impact on SMEs