The global market for smart glass-based products increased from $883.1
million in 2009 to $1.2 billion in 2010, and was valued at nearly $1.6 billion
in 2011. The market is forecast to grow at a compound annual growth rate
(CAGR) of 21.6% from 2011 to 2016, reaching global revenues of nearly $4.2
billion in 2016.
The construction segment reached $92.7 million in 2010 and $113.3 million
in 2011. This segment is expected to reach $224.3 million by 2016, a CAGR of
The smart glass products in the construction segment are frequently used
in commercial buildings for privacy glass. This market reached reached $69.8
million in 2010 and $79.7 million in 2011. The market is expected to reach
$129.5 million by 2016, a CAGR of 10.6%.
GLOBAL MARKET FOR SMART GLASS PRODUCTS, 2009 - 2016
Source: BCC Research
STUDY GOALS AND OBJECTIVES
The origins of smart glass can be traced back to the year 1704, when the first
electrochromic material was discovered, but interest in smart glass technology
only started to gain significant momentum in the early 1970s, when the number
of research activities resulting in patent applications and issued patents
increased rapidly. This led to the development of improved fabrication
processes, advanced properties and an increased number of applications
spanning many industrial sectors.
BCC published its first report on smart glass in February 2009. Since then,
the market for these materials and related products has continued to expand.
New technological developments and industry changes have also taken place.
The primary goal of this report is to provide new insights into current smart
glass technology, as well as to outline technological trends and offer an
updated market analysis for these materials.
Specifically, the major objectives of this study are:
- To provide an update review of smart glasses, including a description of
their types and fabrication technologies.
- To highlight new technological developments in smart glass manufacturing
while outlining technical issues.
- To review current fields of application for smart glass and investigate
- To estimate current global markets for smart glass based on type,
application and region, with growth forecasts through 2016 for each market
- To identify important technology and market trends within each market
- To offer an updated review of current producers of smart glass.
- To determine trends in U.S. patents issued during the period from 2009 to
REASONS FOR DOING THIS STUDY
The term smart glass refers to a group of chromogenic materials that change
their light transmission properties when voltages are applied. The ability of
these materials to change opacity and/or color when voltages are applied has
been exploited in numerous applications, including architectural use,
residential and commercial construction, interior design, museum artwork
expositions, high-end appliances, advanced displays, automotive mirrors and
In 2008, the market for smart glass-based products was valued at more than $1
billion. After several years of healthy growth, the market for smart glass
experienced a slowdown in growth as a result of the global economic downturn
in 2008 and 2009. Since BCC's last report in 2009, global economic conditions
have gradually improved. In addition, smart glass fabrication technologies
have continued to evolve. Several new applications have been developed,
whereas others are ready to exit the development stage and enter
The principal reason for doing this study is to present a current assessment
of the smart glass industry by focusing on markets and technologies, as well
as to outline future trends and key developments.
There is also a need to evaluate the current status and future trends of the
smart glass industry from a global standpoint. As use of smart glass-based
products expands and new fields of application emerge, information on regional
production, sales and supplier types becomes more valuable.
An equally important reason for undertaking this study is to provide technical
insights into smart glass manufacturing by:
- Providing a review of fabrication technologies.
- Identifying current technical issues.
- Providing an overview of the main global research and development (R&D)
activities related to smart glass, resulting in the issuance of patents.
- Illustrating the latest technological developments.
This information can assist companies in identifying opportunities for process
and productivity improvements, resulting in a positive impact on future market
SCOPE OF REPORT
This study provides an updated review of smart glass technology, including
materials and fabrication processes, and identifies current and emerging
applications for this technology.
BCC Research determines the current market status of smart glass, defines
trends and presents growth forecasts for the next five years. The smart glass
industry is also analyzed on a global basis from the standpoint of both
manufacturing and consumption. In addition, technological issues, including
key events and the latest process developments, are discussed.
More specifically, BCC's market analysis is divided into eight sections.
The first section provides a historical review of smart glass technology,
including an outline of recent events. The report also offers a description
of current and emerging applications for smart glass.
The second section provides a technological review of smart glass types,
materials and their fabrication processes. This section concludes with an
analysis of the most important technological developments and improvements
since 2009, including examples of significant patents recently issued or
The third section entails a global market analysis of smart glass. Global
revenues (i.e., sales data in millions of dollars) are presented by product
type, application and region, with actual data referring to the years 2009 and
2010, and estimates for 2011.
This section concludes with a presentation of market growth trends based on
industry growth, technological trends and regional trends. Projected revenues
for smart glass are reported, with forecast compound annual growth rates
(CAGRs) for the period 2011 through 2016.
Next, three optional sections are offered. These sections provide a more
focused discussion of the smart glass market for the three main sectors in
which smart glass finds application: transportation and aerospace,
construction and electronics and others. In these optional sections,
additional details by sector on applications, current market breakdown,
industry growth and key trends and developments are provided, in addition to a
market summary for the last three years and growth projections for the next
five years for each application. Also included are market data by smart glass
type, material and region for each sector evaluated.
In the next section, which covers global industry structure, the report offers
a list of the leading manufacturers of smart glass, along with descriptions of
their products. The analysis includes a description of the geographical
distribution of these suppliers and an evaluation of smart glass production
versus consumption, always from a geographical standpoint. Detailed company
profiles of the top industry players are also provided.
The final section includes an extensive U.S. patent analysis, with a summary
of patents related to smart glass materials, fabrication processes and
applications issued during the period from 2009 through 2011. Patent analysis
is performed by region, country, assignee, patent category, application and
smart glass type.
Margareth Gagliardi, BCC's Chief Research Analyst in Advanced Materials, has
more than 25 years of experience in the field of advanced materials,
specializing in ceramic formulations, materials processing and new product
development. She has held management positions in both manufacturing and R&D
within U.S. and European firms producing electronic, mechanical, chemical and
structural components. She holds a B.S. in Chemical Engineering and an M.S.
in Ceramic Engineering.
Ms. Gagliardi has authored numerous BCC Research studies.