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Smart glass is increasingly being integrated with IoT technology, allowing for seamless connectivity and enhanced functionality. IoT-enabled smart glass systems can be controlled remotely via smartphones or other devices, enabling users to adjust transparency, monitor energy usage, and receive real-time data on environmental conditions. This integration enhances user convenience, improves energy efficiency, and enables smart building management systems to optimize performance based on occupancy patterns and environmental factors. Furthermore, the energy safety perspective and environmental regulations have driven the demand for energy-efficient glasses. Furthermore, reduced sun glare is the primary benefit offered by smart glass, resulting in reduced solar heat gains. According to the National Renewable Energy Laboratory, electrochromic windows reduce electricity consumption by up to 49% and decrease lighting costs by up to 51%. This has led to increased demand for electrochromic glasses in transportation. Boeing 787-9 Dreamliner has incorporated electrochromic glasses in its windows.
As concerns about climate change and air pollution grow, governments, businesses, and consumers are increasingly embracing sustainable transportation solutions. This trend is driving innovation in EV technology, battery storage, and renewable energy infrastructure. Additionally, advancements in charging infrastructure and battery technology are making EVs more practical and affordable for a broader range of consumers. As a result, the transportation sector is experiencing a significant shift towards electrification and decarbonization. This trend not only reduces greenhouse gas emissions and dependence on fossil fuels but also presents opportunities for new business models and investment in clean energy technologies. Overall, the transition towards electric and sustainable transportation is reshaping the automotive industry and driving global efforts towards a greener and more sustainable future.
Transportation smart glass industry from the automotive segment is expected to register over 9.2% CAGR from 2024-2032 due to its ability to block 99% of light for providing shade as well as transparency required by the driver to operate the vehicle.
North America industry for transportation smart glass recorded over 35% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to growing concerns about climate change, air pollution, and energy security among governments and consumers in the region.
Market size for transportation smart glass crossed USD 3.5 billion in 2023 and is expected to register over 9.5% CAGR from 2024-2032 owing to the increasing demand for energy-efficient solutions stemming from a global imperative to address climate change and resource depletion.
Gauzy Ltd., Gentex Corporation, Guardian Industries Holdings, LLC, Halio Inc., Merck KGaA (Merck Group), Nippon Sheet Glass Co. Ltd., Polytronix Inc., PPG Industries Inc, and RavenWindow are some of the major transportation smart glass companies worldwide.