Home > Semiconductors & Electronics > Displays > Transportation Smart Glass Market
Based on the end use, the market is segmented into automotive, aerospace, and marine. The automotive segment is estimated to register a CAGR of over 9.2% from 2024 to 2032. SPD glass comprising a tint material blocks 99% of light providing shade as well as transparency required by the driver to operate the vehicle. The potential end use of glass in automotive segment lies in vehicle windows displaying time and location-based information, dynamic shading by blocking up to 99% light, and temperature & solar control. For instance, in January 2023, BMW unveiled BMW iVISION Dee at the CES 2023 event, equipped with high-end technologies and ultra-modern design.
Based on technology, the market is segmented into electrochromic, Polymer dispersed liquid crystal (PDLC), suspended particle devices (SPD), thermochromic, photochromic, and others. The electrochromic segment accounted for a market share of over 40% in 2023 This can be credited to increasing consumer demand, driven by the ability of electrochromic glass to control the amount of light passing through it, becoming opaque or transparent through a switch or a remote control. It allows light to pass through, preventing the entry of heat in times as hot as summer enabling lesser consumption of air conditioning in the house. Windows made of electrochromic glass increase visual comfort since light transmission can be reduced in periods, especially when there is excessive light from the external environment. It also enables energy savings. Electrochromic smart glass offers dynamic control over light transmission, allowing users to adjust the tint or opacity of the glass in real-time. By applying a low-voltage electrical current, the glass can transition from transparent to opaque or anywhere in between, providing privacy, glare control, and shading as needed.
North America is growing significantly in the global transportation smart glass market in 2023, accounting for a market share of over 35%. With growing concerns about climate change, air pollution, and energy security, governments and consumers in North America are increasingly turning to EVs as a cleaner and more sustainable alternative to traditional gasoline-powered vehicles. This trend is supported by government incentives, such as tax credits and rebates, as well as regulations aimed at reducing greenhouse gas emissions from transportation. Furthermore, the expansion of EV charging infrastructure across North America is facilitating the broader adoption of electric vehicles, addressing concerns about range anxiety and accessibility. Major automakers are also investing heavily in the development and production of electric vehicles, introducing a wide range of EV models to the market.