TMR_Research_Reports_2017 Research Report By TMR|2016 – 2024 | Page 2

Smart Glass Market
REPORT DESCRIPTION
Smart Glass Market (Technology - Electrochromic, Thermochromic,
Photochromic, Liquid Crystal, and Suspended Particle Device; End
User - Architectural, Consumer Electronics, Transportation, and
Solar Power Generation) - Global Industry Analysis Size Share
Growth Trends and Forecast 2016 – 2024
With a few top players driving the global smart glass market, the market features a consolidated
competitive landscape, says a new report by Transparency Market Research (TMR). The top players,
namely ASAHI GLASS, DuPont, Saint-Gobain, and Guardian Industries held a share of 40% in the
global market in 2015. However, the degree of competition is expected to rise as players focus on
strengthening their position with strategic alliances and mergers and acquisitions.
TMR estimates that the global smart glass market is expected to display a CAGR of 14.50% between
2016 and 2024. As a result, the market’s valuation will reach US$7.04 bn by 2024 increasing from
US$2.10 bn in 2015.
North America to Lead among all Regional Segments
In terms of end user, architecture, transportation, consumer electronics, and solar power generation
are the segments of this market. Of these, transportation displays the leading demand for smart glass
and the scenario is expected to remain same until the end of the forecast period in 2024. This is due
to the increasing application of smart glass in automobiles for sun roofs, sun visors, and side and rear
windows in high-end cars. At present, the flourishing aviation and automotive industries are also
expected to fuel the demand for smart glass in the transportation sector.
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@ http://www.transparencymarketresearch.com/smart-glass.html
The architecture and consumer electronics segments also display substantial demand for smart glass
and are expected to continue do so over the coming years.
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Transparency Market Research